Business News

Renault To Cut Nearly 15,000 Jobs

Jobs cuts come as company tries to save $2.2 billion over the next three years.

April construction spending falls 2.9% as virus upends work

U.S. construction spending fell 2.9% in April with broad declines across all building activity as shutdowns hobbled projects and workers were told to stay home

EasyJet To Cut 30% Of Its Workforce Amid…

EasyJet will soon start consulting with employees about the job cuts. It's also going to reduce the size of its fleet to cut costs even more.

Lufthansa board nods through $10 billion bailout…

The supervisory board of Lufthansa has given its blessing to a 9 billion-euro ($10 billion) government bailout plan thrashed out between the airline, the German government and the European Union

AdChoices Icon

Walt Disney World To Begin Phased Reopening In…

Disney plans to reopen Magic Kingdom and Animal Kingdom on July 11. Epcot and Hollywood Studios will open their gates July 15.

Bulgaria expects to finish Russian gas pipeline on time

Bulgaria says it aims build on time its stretch of a pipeline that will bring Russian gas to Europe, despite unforeseen delays due to the COVID pandemic

Survey: US factories sink in May for third…

American factories slowed for the third consecutive month in May as they continued to sustain economic damage from the coronavirus pandemic

Supreme Court declines to take Bernard Madoff…

The Supreme Court is leaving in place a ruling that allows the trustee recovering money for investors in the Bernard Madoff Ponzi scheme to pursue more than $4 billion that went to overseas investors

Turkey eases lockdown as restaurants reopen…

Turkish Airlines has resumed limited domestic flights, restaurants have welcomed sit-in customers and beaches and museums reopened as Turkey’s broadest easing of coronavirus restrictions came into effect

Liz Weston: Take control now with advance medical directives

It’s easy to put off making advance directives naming who can make medical decisions for you if you’re unable and stating your choices about end-of-life care

Vatican centralizes contracting to cut waste, corruption

The Vatican is centralizing its contracting and procurement procedures in a bid to cut waste, root out corruption and bring the Holy See’s finances into the 21st century

UK eases lockdown restrictions yet experts say it…

Britain has moved to further ease lockdown restrictions despite warnings from some health officials that the risk of spreading COVID-19 was still too great

AdChoices Icon

Greece lifts its lockdown on hotels, pools, golf…

Greece has lifted lockdown measures for hotels, open-air cinemas, golf courses and public swimming pools as the country ramped up preparations for the tourism season that starts in two weeks

Finland in pain as border closure blocks Russian…

The closure of Finland’s border with Russia amid the COVID-19 pandemic has hit the Nordic nation’s eastern border region hard

States, cities plead for virus aid as Congress…

State and local leaders are pleading with Washington for more federal aid for coronavirus

India cautiously opens up even as coronavirus…

More states opened up and crowds of commuters trickled onto the roads in many of India’s cities on Monday as a three-phase plan to lift the nationwide coronavirus lockdown started despite an upward trend in new infections

AP FACT CHECK: Trump spars with Twitter on voting…

President Donald Trump and Twitter are tangling over truth and consequences

World Bank: Palestinian economy could shrink by 11%

The World Bank says the Palestinian economy could shrink by as much as 11% in the coming year as the coronavirus pandemic inflicts yet another blow to the Palestinian Authority’s already shaky finances

Stocks move higher on Wall Street after wobbly…

Stock indexes are edging higher in early trading on Wall Street Monday as investors balance cautious optimism about the reopening of businesses shut down because of the coronavirus pandemic against worries that the civil unrest across the U.S. over police brutality could disrupt the economic recovery and widen the outbreak

Asia Today: Philippines sees traffic jams as…

Traffic jams and crowds of commuters are returning to the Philippine capital, as the metropolis relaxes antivirus measures in a high-stakes gamble to slowly reopen the economy while fighting the coronavirus pandemic

Insider: JetBlue CEO discusses COVID-19's impact on airlines

Airlines are starting to see a slight rise in bookings, but air travel remains down about 90%, prompting speculation about which carriers might go under

AdChoices Icon

Average US gas price up 8 cents over 2 weeks to $2.05

The average U.S. price of regular-grade gasoline rose 8 cents over the past two weeks, to $2.05 per gallon

Protests force Target, CVS and Walmart to close…

Target, CVS, Apple and Walmart have all temporarily closed certain locations due to protests over the death of George Floyd in Minneapolis last week

Long-haul carrier Emirates says it fires staff…

Dubai’s long-haul carrier Emirates says it fired an undisclosed number of employees as the coronavirus pandemic has halted global aviation