Latest Business News

Women hold signs outside housing commission apartments under lockdown in Melbourne, Australia, on Monday, July 6, 2020. The leader of Australia’s most populous state says her government’s decision to close its border with hard-hit Victoria state marks a new phase in the country’s coronavirus pandemic. (AP Photo/Andy Brownbill)

Australia to shut state border as Melbourne infections surge

Jul. 6, 2020 3:40 AM EDT

MELBOURNE, Australia (AP) — Australian authorities were preparing to close the border between the country's two largest states, as the country's second-largest city, Melbourne, recorded two deaths and its highest-ever daily increase in infections on Monday. The border between the states of New South Wales...

FILE - In this Tuesday, April 7, 2020 file photo, U.S. citizens queue to check in and be repatriated aboard an evacuation flight arranged by the U.S. embassy and chartered with Delta Air Lines, at the Murtala Mohammed International Airport in Lagos, Nigeria. African nations face a difficult choice as infections are rapidly rising: Welcome the international flights that originally brought COVID-19 to the ill-prepared continent, or further hurt their economies. (AP Photo/Sunday Alamba, File)

Africa starts opening airspace even as COVID-19 cases climb

Jul. 6, 2020 3:35 AM EDT

JOHANNESBURG (AP) — As COVID-19 cases surged in many parts of the world, the island nation of the Seychelles was looking good: 70-plus straight days without a single infection. Then the planes arrived. Two chartered Air Seychelles flights carrying more than 200 passengers also brought the coronavirus. A...

Tokyo Gov. Yuriko Koike, left, talks with Japanese Prime Minister Shinzo Abe at the prime minister's office in Tokyo Monday, July 6, 2020. Gov. Koike, who won her second term to head the Japanese capital in Sunday's election, met with her political rival, Prime Minister Abe and agreed to cooperate in their effort to fight against the coronavirus and to safely achieve the Olympics next year. (Yoshitaka Sugawara/Kyodo News via AP)

Tokyo governor, Abe say they'll cooperate on virus, Olympics

Jul. 6, 2020 3:26 AM EDT

TOKYO (AP) — Tokyo’s governor and her political rival, Japanese Prime Minister Shinzo Abe, agreed Monday to cooperate on handling the coronavirus outbreak to safely hold the Olympics next year. Gov. Yuriko Koike met with Abe a day after she won her second term representing the Japanese capital in...

People wearing protective mask ride the

The Latest: Britain's arts venues getting $2B in virus help

Jul. 6, 2020 3:22 AM EDT

LONDON — The British government has announced a big pot of money to help the country’s renowned arts and cultural institutions recover from the coronavirus pandemic, after some theaters and music venues warned that without support they might never open again. The 1.57 million pound ($1.96 billion)...

Women hold signs outside housing commission apartments under lockdown in Melbourne, Australia, on Monday, July 6, 2020. The leader of Australia’s most populous state says her government’s decision to close its border with hard-hit Victoria state marks a new phase in the country’s coronavirus pandemic. (AP Photo/Andy Brownbill)

Asia Today: Australian state's cases spike, borders to shut

Jul. 6, 2020 2:57 AM EDT

MELBOURNE, Australia (AP) — The hard-hit Australian state of Victoria recorded two deaths and its highest-ever daily increase in coronavirus cases on Monday as authorities prepare to close its border with New South Wales. The death of the two men, one in his 60s and the other in his 90s, brings the...

German factory orders rise in May after 2 huge declines

Jul. 6, 2020 2:26 AM EDT

BERLIN (AP) — German factory orders recovered some ground in May, rising 10.4% compared with the previous month after huge drops in March and April at the height of Europe's coronavirus crisis. The figure reported Monday by the Economy Ministry followed declines of 15% in March and 26.2% in April. The...

A woman wearing a face mask stands in front of a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, July 6, 2020. Asian stock markets rose Monday as investors looked ahead for data they hope will support optimism about a global economic recovery. (AP Photo/Vincent Yu)

Asia stocks rise as investors look ahead to week's data

Jul. 6, 2020 1:40 AM EDT

BEIJING (AP) — Asian stock markets rose Monday as investors looked ahead for data they hope will support optimism about a global economic recovery. Benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia advanced. Markets followed Wall Street higher last week after unexpectedly strong U.S. jobs data...

FILE - In this March 26, 2019, file photo, a HK Express passenger plane takes off from at the Hong Kong International Airport. Hong Kong low-cost airline HK Express, part of the Cathay Pacific Group, said Monday, July 6, 2020 it will gradually resume flights on Aug. 2 as Asian governments ease coronavirus-related travel restrictions. HK Express suspended all flights in March as governments tightened border controls. (AP Photo/Kin Cheung, File)

Low-cost airline HK Express resuming flights in August

Jul. 6, 2020 1:32 AM EDT

HONG KONG (AP) — Hong Kong low-cost airline HK Express, part of the Cathay Pacific Group, said Monday it will gradually resume flights on Aug. 2 as Asian governments ease coronavirus-related travel restrictions. HK Express suspended all flights in March as governments tightened border controls. The...

This Week: Job openings, consumer credit, Walgreens earns

Jul. 6, 2020 1:10 AM EDT

A look at some of the key business events and economic indicators upcoming this week: SCARCE JOBS Employers have been putting up fewer help wanted signs as the pandemic has kept many businesses closed. The number of available U.S. jobs fell in April to 5.1 million, down from 6 million in March. It was the second...

Solar power continues growth in Minnesota

Jul. 6, 2020 1:02 AM EDT

MANKATO, Minn. (AP) — Thomas Rekstein no longer minds looking at the electric bill for his Great River Insurance business on North Riverfront Drive. “My electric bill used to be $4,500 annually, now it’s down to $1,200 a year.” Rekstein, who had 38 solar panels installed on the roof...