Latest Business News

FILE - This Wednesday, July 19, 2017 file photo shows the main entrance to the headquarters of the publicly funded BBC in London. British radio host Sideman quit the BBC on Saturday Aug. 8, 2020, over the corporation’s decision to include a racial slur in a news report about a racist attack. (AP Photo/Frank Augstein, File)

BBC says sorry for using racist term in news report

Aug. 9, 2020 4:03 PM EDT

LONDON (AP) — The BBC apologized Sunday for broadcasting a racist slur in a news report, saying it was a mistake that has caused many people distress. The BBC included the word when reporting last month on a violent attack on a young Black man in Bristol, a city in southwest England. The attackers are...

President Donald Trump prepares to sign four executive orders during a news conference at the Trump National Golf Club in Bedminster, N.J., Saturday, Aug. 8, 2020. Seizing the power of his podium and his pen, Trump on Saturday moved to bypass the nation's elected lawmakers as he claimed the authority to defer payroll taxes and extend an expired unemployment benefit after negotiations with Congress on a new coronavirus rescue package collapsed.(AP Photo/Susan Walsh)

Trump end run around Congress raises questions on his claims

Aug. 9, 2020 3:18 PM EDT

BRIDGEWATER, N.J. (AP) — President Donald Trump’s end run around Congress on coronavirus relief is raising questions about whether it would give Americans the economic lifeline he claims and appears certain to face legal challenges. Democrats called it a pre-election ploy that would burden...

US gas prices remain steady at $2.25/gallon

Aug. 9, 2020 2:22 PM EDT

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline held steady over the past two weeks at $2.25 per gallon. That’s 50 cents below the average pump price from a year ago. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday the prices are stable because crude...

A woman wearing a protective face mask speaks with healthcare workers during a house-to-house campaign to help curb the spread of the new coronavirus, in the Mallasa neighborhood of La Paz, Bolivia, Saturday, Aug. 8, 2020. (AP Photo/Juan Karita)

The Latest: Britain records more than 1,000 new infections

Aug. 9, 2020 1:49 PM EDT

LONDON — Britain has recorded more than 1,000 new coronavirus infections in a day for the first time since late June. Government statistics say 1,062 new cases of COVID-19 were reported in the 24 hours until 9 a,m. Sunday. The last time the number was over 1,000 was on June 26. Britain has seen a gradual...

This photo provided by the French Defense Ministry shows oil leaking from the MV Wakashio, a bulk carrier ship that recently ran aground off the southeast coast of Mauritius,, Sunday Aug.9, 2020. The Indian Ocean island of Mauritius has declared a

Mauritius races to contain oil spill, protect coastline

Aug. 9, 2020 1:31 PM EDT

JOHANNESBURG (AP) — Thousands of students, environmental activists and residents of Mauritius were working around the clock Sunday, trying to reduce the damage to the Indian Ocean island from an oil spill after a ship ran aground on a coral reef. An estimated 1 ton of oil from the Japanese ship's cargo of...

This photo provided by Dirt Candy shows Amanda Cohen, a leader of the Independent Restaurant Coalition, a new lobbying group formed in response to the economic fallout from the pandemic. She’s the chef and owner of Dirt Candy, a fine-dining vegetarian restaurant in New York.  (Georgi Richardson/Dirt Candy via AP)

Insider Q&A: Leader for independent restaurants hit by virus

Aug. 9, 2020 10:30 AM EDT

WASHINGTON (AP) — Amanda Cohen is a leader of the Independent Restaurant Coalition, a new lobbying group of chefs and restaurants that was formed in response to the viral pandemic. Professionally, Cohen is the chef and owner of Dirt Candy, a fine-dining vegetarian restaurant in New York City. The...

James Jackson poses for a photograph outside his home during the coronavirus pandemic, Thursday, July 30, 2020, in West Park, Fla. Jackson is among the tens of thousands hospitality workers fighting for survival in the age of the pandemic. Jackson's employer, the Diplomat Beach Resort, in Hollywood, Fla., was forced to close in March because of the outbreak. (AP Photo/Lynne Sladky)

For pandemic jobless, the only real certainty is uncertainty

Aug. 9, 2020 9:50 AM EDT

CHICAGO (AP) — For three decades, Kelly Flint flourished as a corporate travel agent, sending everyone from business titans to oil riggers around the planet. Then came the worst pandemic in a century, leaving her jobless and marooned in an uncertain economy. Furloughed since March, Flint has dipped into...

James Jackson poses for a photograph outside his home during the coronavirus pandemic, Thursday, July 30, 2020, in West Park, Fla. Jackson is among the tens of thousands hospitality workers fighting for survival in the age of the pandemic. Jackson's employer, the Diplomat Beach Resort, in Hollywood, Fla., was forced to close in March because of the outbreak. (AP Photo/Lynne Sladky)

For pandemic jobless, the only real certainty is uncertainty

Aug. 9, 2020 9:46 AM EDT

CHICAGO (AP) — For three decades, Kelly Flint flourished as a corporate travel agent, sending everyone from business titans to oil riggers around the planet. Then came the worst pandemic in a century, leaving her jobless and marooned in an uncertain economy. Furloughed since March, Flint has dipped into...

FILE - In this July 31, 2020, file photo, letter carriers load mail trucks for deliveries at a U.S. Postal Service facility in McLean, Va. The success of the 2020 presidential election could come down to a most unlikely government agency: the U.S. Postal Service.  (AP Photo/J. Scott Applewhite, File)

Postal Service emerges as flash point heading into election

Aug. 9, 2020 7:48 AM EDT

WASHINGTON (AP) — Mail piling up. Constant attacks from the president. Cuts to overtime as record numbers of ballots are expected to pass through post offices this fall. The success of the 2020 presidential election could hinge on a most unlikely government agency: the U.S. Postal Service. Current signs...

FILE- In this Feb. 7, 2020 file photo,  Indian Defense Minister Rajnath Singh holds a model of a light machine gun during DefExpo20 in Lucknow, India. India will ban the imports of 101 items of military equipment in an effort to boost indigenous production and improve self-reliance in weapons manufacturing, Singh said Sunday. (AP Photo/Rajesh Kumar Singh, File)

India to ban imports of 101 items of military equipment

Aug. 9, 2020 4:26 AM EDT

NEW DELHI (AP) — India said Sunday that it will ban the imports of 101 items of military equipment in an effort to boost local production and improve self-reliance in weapons manufacturing. Defense Minister Rajnath Singh said the government is planning to progressively implement the embargo on select...