Business News

Tesla Surpasses Toyota As The Most Valuable…

Since the start of the year, Tesla shares have swelled 183%.

Germany to revamp financial oversight after…

Germany’s finance minister says he wants to revamp the oversight system for the country’s financial industry in the wake of the accounting scandal at payment systems provider Wirecard

Airbus To Cut 15,000 Jobs Over COVID-19 Pandemic

The company said the cuts will occur no later than the summer of 2021.

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The Latest: Pope praises UN efforts for worldwide…

Pope Francis is praising U.N. Security Council efforts for worldwide cease-fires to help tackle the coronavirus pandemic

FAA Approves Test Flights Of Boeing's Updated 737…

Global aviation regulators grounded the 737 Max back in March 2019 after two fatal crashes involving Boeing 737 Max 8s.

Australian Finance Minister Cormann to resign at end of year

One of Prime Minister Scott Morrison’s most senior Cabinet ministers says he is retiring from politics at the end of the year

Mexico's COVID deaths pass 30,000, world's 5th highest total

Mexico has topped 30,000 COVID-19 deaths, overtaking France as the country with the fifth-highest number of deaths since the pandemic began

Lucky Brand files for bankruptcy, has offer to sell company

Blue jeans retailer Lucky Brand is filing for bankruptcy protection and blaming its troubles partly on the coronavirus, which caused the temporary closure of its stores this spring

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Kansas newspaper's post equates mask mandate with…

A weekly Kansas newspaper has posted a cartoon on its Facebook page likening the governor’s order requiring people to wear masks in public to the murder of millions of Jews during the Holocaust

New French prime minister to focus on saving factory jobs

France’s new prime minister says his government will focus on keeping manufacturing jobs and bringing others back to France from lower-wage countries as it tries to dig out of deep recession

Second wave of virus closures wallops California…

California restaurants are paying a heavy price during the coronavirus pandemic as indoor dining has been shut down for the second time across much of the state

Bellagio error may be biggest sportsbook loss for Vegas

The nearly quarter-million dollars in winning wagers reportedly placed at MGM Resorts last Sunday might be the largest sportsbook loss in Las Vegas history on bets made after an event has started

Ukraine's parliament accepts chief banker's resignation

Ukraine’s parliament has accepted the resignation of the country’s top banker, who has stepped down citing political pressure

Across Sun Belt, hopes for economy give way to…

For residents across America’s Sun Belt — business owners and workers, consumers and home buyers —  the past three months have delivered about the scariest ride in memory

`Huge bummer': July Fourth will test Americans…

The U.S. is heading into the Fourth of July weekend with many parades and fireworks displays canceled, beaches and bars closed, and health authorities warning that this will be a crucial test of Americans’ self-control

The Latest: S Korea has 60-plus new virus cases…

South Korea has recorded 60-plus COVID-19 cases for a third consecutive day, a continuation of a virus spread beyond the greater Seoul area

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Vatican watchdog sees record cooperation levels…

The Vatican’s financial watchdog agency has reported record levels of internal cooperation despite being thrown into turmoil in October when Vatican police raided its offices as part of an investigation into a 350 million euro (nearly $400 million) London real estate deal

Mexico reverses some openings as virus cases continue high

Mexico’s coronavirus outbreak has risen by about 6,740 newly confirmed cases for a second straight day, while 654 deaths raised the country's total to almost 30,000, the sixth-highest highest in the world

Quarantine-free travel from UK to Cyprus to start…

Cyprus’ beleaguered tourism sector got some good news after the government announced that travelers from the U.K. will be allowed entry into the east Mediterranean island nation next month without having to undergo a compulsory 14-day quarantine