US wholesale prices fell 0.2% in June as food costs plunged
WASHINGTON (AP) — U.S. wholesale prices fell 0.2% in June as food costs dropped sharply, offsetting a big increase in energy prices.
AP: After lobbying, Catholic Church won $1.4B in virus aid
NEW YORK (AP) — The U.S. Roman Catholic Church used a special and unprecedented exemption from federal rules to amass at least $1.4 billion in taxpayer-backed coronavirus aid, with many millions going to dioceses that have paid huge settlements or sought bankruptcy protection because of clergy sexual abuse cover-ups.
Flood-weary Venice puts 'Moses' inflatable barriers to test
ROME (AP) — Venice has conducted a trial run of an ambitious anti-flood system of 78 inflatable barriers in hopes of protecting the lagoon city from devastating high tides.
Goya CEO praises Trump at White House, backlash is swift
NEW YORK (AP) — Goya Foods is facing a swift backlash after its CEO praised President Donald Trump at White House event. Goya was founded in Manhattan in 1936 by Don Prudencio Unanue and his wife Carolina, immigrants from Spain.
Global stocks mixed on contagions increase, economic data
BEIJING (AP) — World markets were mixed on Friday as investors weighed a rise in coronavirus cases in the United States against upbeat economic data in Europe.
China auto sales off 22.4% in first half of 2020
BEIJING (AP) — China’s auto sales rose 1.8% in June over a year earlier but fell by double digits for the first half of 2020 after the country shut down to fight the coronavirus, an industry group reported Friday.
Takeaways: Paycheck Protection loans and the Catholic Church
NEW YORK (AP) — When the coronavirus pandemic caused a broad economic downturn and Depression-era unemployment rates, Washington responded with trillions of dollars in federal relief.
Asian stocks sink after Wall St losses on economy worries
BEIJING (AP) — Asian stock markets followed Wall Street lower Friday on worries economic recoveries might fade as coronavirus cases increase in the United States and some other countries.
Biden pledges New Deal-like economic agenda to counter Trump
DUNMORE, Pa. (AP) — Democrat Joe Biden turned his campaign against President Donald Trump toward the economy Thursday, introducing a New Deal-like economic agenda while drawing a sharp contrast with a billionaire incumbent he said has abandoned working-class Americans amid cascading crises.
Bed Bath & Beyond closing stores, cruises prepare to sail
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the national and global response, the work place and the spread of the virus.
Setbacks hamper pipeline industry backed by Trump
BILLINGS, Mont. (AP) — After a U.S. energy boom and strong backing from President Donald Trump propelled a major expansion of the nation’s sprawling oil and gas pipeline network, mounting political pressures and legal setbacks have put its future growth in doubt even as the pandemic saps demand for fuel.
Germany seizes server hosting pilfered US police files
BOSTON (AP) — At the behest of the U.S. government, German authorities have seized a computer server that hosted a huge cache of files from scores of U.S.
US economy may be stalling out as viral outbreak worsens
WASHINGTON (AP) — The U.S. economy is stumbling as the viral outbreak intensifies, threatening to slow hiring and deepening the uncertainty for employees, consumers and companies across the country.
Brazil asks investment firms to adopt protected Amazon areas
RIO DE JANEIRO (AP) — Brazil’s government on Thursday proposed that global asset-managers adopt protected areas in the Amazon rainforest in order to curb illegal deforestation ahead of the season farmers traditionally use fire to clear land and brush.
Ireland's Donohoe named head of eurozone finance group
BRUSSELS (AP) — Ireland's Paschal Donohoe was elected Thursday to head the powerful finance group of the 19 nations using Europe’s single currency, and vowed to lead the bloc through what is set to be a historically deep recession in the wake of the coronavirus pandemic.
UK reopens gyms, pools, as Treasury chief warns of recession
LONDON (AP) — The U.K.'s Treasury chief acknowledged Thursday that the country faced unprecedented economic times, entering one of the most severe recessions it has ever seen as it emerges from the COVID-19 pandemic.
Walgreens lost $1.7B in 3Q as global pandemic tightened grip
The coronavirus pandemic pushed Walgreens to a $1.7 billion loss it the most recent quarter with customers staying home or limiting shopping to essential supplies from grocery stores.
Virus causes uncertainty for state lotteries
Boston (AP) — The coronavirus pandemic has been a rollercoaster for state lotteries across the country, with some getting a boost from the economic downturn and others scrambling to make up for revenue shortfalls.
EU says 'significant divergences' remain in Brexit talks
BRUSSELS (AP) — EU and U.K. negotiators have yet to find a way to overcome “significant divergences" in their attempt to seal a post-Brexit compromise, the European Union's chief negotiator said on Thursday.
Virus forces catering platform to find new audience, purpose
NEW YORK (AP) — When it launched in 2017, the catering tech platform HUNGRY had one customer in mind: well-heeled office workers.
2Q earnings to show how virus menaced Corporate America
NEW YORK (AP) — Like that last roll of ultra-thin toilet paper left on the shelves or the latest Star Wars movies, it’s tough to be disappointed in something when expectations were low to begin with.
Morocco to start reopening borders after strict lockdown
RABAT, Morocco (AP) — Morocco will start gradually reopening its air and maritime borders next week after one of the world’s strictest border lockdowns, which trapped tourists inside the country and left thousands of Moroccans stranded abroad and unable to come home.
EU court: No need to reveal IP addresses in uploading cases
BRUSSELS (AP) — The European Union’s highest court ruled Thursday that online platforms don't have to disclose the full personal data including email addresses, telephone numbers or IP addresses of users who illegally upload movies and copyright material.
German exports regain ground in May, but a long way to go
BERLIN (AP) — German exports regained some ground in May, though the gain was far short of making up for big losses at the height of the coronavirus pandemic in Europe, official figures showed Thursday.
Lawyer: TSA makes changes after whistleblower's complaint
The Transportation Security Administration has improved coronavirus protection for airport screeners after a TSA official accused the agency of endangering travelers, the whistleblower's lawyer said Wednesday.