Latest Business News

The Latest: 15,000 Thomas Cook tourists stranded in Cyprus

Sep. 23, 2019 5:57 AM EDT

LONDON (AP) — The Latest on the collapse of British tour company Thomas Cook (all times local): 10:55 a.m. Cyprus' deputy minister for tourism says arrangements are now underway to ferry back home the 15,000 Thomas Cook travelers now on the eastern Mediterranean island nation. Savvas Perdios said after...

Duterte suspends any loan talks with backers of rights probe

Sep. 23, 2019 5:54 AM EDT

MANILA, Philippines (AP) — Philippine President Rodrigo Duterte has suspended any negotiations over loans or grants from 18 countries that backed a U.N. human rights resolution calling for an inquiry into human rights conditions in the Philippines, an official said Monday. Presidential spokesman Salvador...

Dutch reinforce major dike as seas rise, climate changes

Sep. 23, 2019 5:46 AM EDT

THE AFSLUITDIJK, Netherlands (AP) — Rising up in a thin line through the waters separating the provinces of North Holland and Friesland, the 87-year-old Afsluitdijk is one of the low-lying Netherlands' key defenses against its ancient enemy, the sea. With climate change bringing more powerful storms and...

Davenport University gets $4M for cybersecurity students

Sep. 23, 2019 5:40 AM EDT

GRAND RAPIDS, Mich. (AP) — Davenport University has received a $4 million grant to train and educate future cybersecurity experts. The recently announced five-year grant for the private university, which has its main campus in Grand Rapids, is from the National Science Foundation as part of the CyberCorps...

Global postal union meets amid Trump threat to pull US out

Sep. 23, 2019 4:49 AM EDT

GENEVA (AP) — The effects of President Donald Trump's standoff with China could soon be coming to a post office near you, and higher shipping rates for some types of mail are the likely outcome. The administration is threatening to pull the United States out of the 145-year-old Universal Postal Union,...

Massive trial in France for diet-pill scandal

Sep. 23, 2019 4:28 AM EDT

PARIS (AP) — A massive trial with more than 4,000 plaintiffs is opening for French pharmaceutical giant Servier Laboratoires and France's medicines watchdog, accused of involuntary manslaughter, fraud and other charges in a scandal over a diabetes medication suspected of causing hundreds of deaths....

Global shares slip as Iran tensions loom

Sep. 23, 2019 4:08 AM EDT

BANGKOK (AP) — World shares were mostly lower Monday as investors kept a wary eye on tensions with Iran and on prospects for a resolution of the tariffs war between China and the U.S. Germany's DAX dropped 0.7% to 12,376.50 while the CAC 40 in Paris lost 0.5% to 5,662.00. Britain's FTSE 100 gave up 0.3% to...

Skin care company from Poland opens center in West Virginia

Sep. 23, 2019 3:56 AM EDT

MARTINSBURG, W.Va. (AP) — A company from Poland has opened its first branch in the U.S. with a sales and distribution center in West Virginia. Bandi Laboratories has made skin care products in Poland for more than 30 years. It opened its center in Martinsburg last week. The West Virginia Development Office...

Tour company Thomas Cook collapses, 150,000 people stranded

Sep. 23, 2019 3:28 AM EDT

LONDON (AP) — British tour company Thomas Cook collapsed early Monday after failing to secure emergency funding, leaving tens of thousands of vacationers stranded abroad. The British government said the return of the 178-year-old firm's 150,000 British customers now in vacation spots across the globe would...

Johnson says he'll tell Trump: Hands off UK health service

Sep. 23, 2019 1:10 AM EDT

NEW YORK (AP) — British Prime Minister Boris Johnson says he'll tell U.S. President Donald Trump that the U.K.'s state-funded health service will be off the table in any future trade negotiations, and that the U.S. will have to open its markets to British goods if it wants to make a deal. Johnson said he...