Latest Business News

In this April 29, 2020 photo, Venezuelan shipping magnate Wilmer Ruperti smokes a cigarette during an interview in Caracas, Venezuela. As a result of U.S. sanctions on Venezuela, a high-stakes legal fight in U.S. federal court is pitting Ruperti against Greek shipping magnate Evangelos Marinakis, in connection with oil tanker Alkimos carrying high octane gasoline estimated to be worth millions. (AP Photo/Scott Smith)

Venezuela sanctions set off fight for 'plundered' oil cargo

Jul. 3, 2020 5:01 PM EDT

MIAMI (AP) — For two months, the Malta-flagged oil tanker Alkimos has been quietly floating off the Gulf Coast of Texas, undisturbed by the high-stakes legal fight playing out in a federal courtroom as a result of American sanctions on Venezuela. The commercial dispute, which hasn’t been previously...

Opponents of 5G networks set fire to Cyprus' mobile antennas

Jul. 3, 2020 4:54 PM EDT

NICOSIA, Cyprus (AP) — A small group of people who oppose 5G mobile telephone technology is likely responsible for arson attacks against four mobile telephone antenna installations in Cyprus' coastal town of Limassol, a Cypriot police official said Friday. Police spokesman Christos Andreou told The...

Mountainside Fitness posts their safety guidelines as the facility remains open even as Arizona Gov. Doug Ducey has issued an executive order for all gyms to close due to the surge in coronavirus cases in Arizona Thursday, July 2, 2020, in Phoenix. For the third straight day, several health clubs in metro Phoenix were defying Ducey's 30-day shutdown order to close gyms, bars, water park and tubing businesses, raising questions about whether officials who have been criticized for responding indecisively to the pandemic will be effective in shutting down the clubs. (AP Photo/Ross D. Franklin)

The Latest: WHO urges focus on first wave of coronavirus

Jul. 3, 2020 4:20 PM EDT

GENEVA — The World Health Organization’s emergencies chief says “we need to put up a fight now” during a peak in the current wave of the coronavirus pandemic — rather than focusing on when a second wave might come. Dr. Michael Ryan said the world will be much better at fighting...

Andrew Stuart wears a bandana as a mask while taking a selfie with his dog, Voltron, on Sunset Blvd, Thursday, July 2, 2020, in West Hollywood, Calif. Sheriff's deputies in West Hollywood will issue citations to people who are not wearing masks in public, ramping up enforcement that previously had largely been imposed without penalties. (AP Photo/Ashley Landis)

California enters July 4 weekend with many beaches closed

Jul. 3, 2020 4:09 PM EDT

LOS ANGELES (AP) — California headed into the Fourth of July weekend Friday under classic sunny summer skies and new health orders that temporarily put many popular beaches off-limits and canceled fireworks shows in an effort to prevent runaway coronavirus infections. A few surfers were in the water off...

People wearing protective face masks walk past a closed entrance to the beach during the new coronavirus pandemic, Friday, July 3, 2020, in the South Beach neighborhood of Miami Beach, Fla. Beaches throughout South Florida are closed for the busy Fourth of July weekend to avoid further spread of the new coronavirus. (AP Photo/Lynne Sladky)

`Huge bummer': July Fourth will test Americans' discipline

Jul. 3, 2020 3:12 PM EDT

The U.S. headed 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 that could determine the trajectory of the surging coronavirus outbreak. With confirmed cases...

Nigerian man charged with cyber fraud against US companies

Jul. 3, 2020 2:51 PM EDT

CHICAGO (AP) — A Nigerian national appeared in federal court in Chicago Friday accused of orchestrating an international cyber fraud scheme that federal prosecutors say defrauded U.S. businesses in six states out of tens of millions of dollars. Olalekan Jacob Ponle, 29, originally of Lagos, Nigeria, was...

Air France workers gather during a protest in front of the company headquarters in Tremblay-en-France, outside Paris Friday, July 3, 2020. Air France is meeting with personnel representatives Friday to discuss thousands of job cuts after the virus pandemic grounded most flights and darkened prospects for future air travel. (AP Photo/Christophe Ena)

Virus-hammered Air France announces 7,500 job cuts

Jul. 3, 2020 2:30 PM EDT

PARIS (AP) — Air France and regional subsidiary Hop announced 7,500 job cuts Friday after the virus pandemic grounded most flights and darkened prospects for future air travel. Activists from multiple unions protested at Air France headquarters at Paris’ Charles de Gaulle Airport as talks began...

A waiter takes an order at Slater's 50/50 Wednesday, July 1, 2020, in Santa Clarita, Calif. California Gov. Gavin Newsom has ordered a three-week closure of bars, indoor dining and indoor operations of several other types of businesses in various counties, including Los Angeles, as the state deals with increasing coronavirus cases and hospitalizations. (AP Photo/Marcio Jose Sanchez)

Second wave of virus closures wallops California restaurants

Jul. 3, 2020 1:56 PM EDT

LOS ANGELES (AP) — Homayoun Dariyani was training servers and cooks for his soon-to-open gourmet hamburger grill in March when California abruptly shut down dine-in restaurants to slow the spread of the coronavirus. After a three-month delay, Dariyani held the grand opening for Slater’s 50/50 on...

Ukraine's parliament accepts chief banker's resignation

Jul. 3, 2020 1:10 PM EDT

KYIV, Ukraine (AP) — Ukraine’s parliament on Friday accepted the resignation of the country’s top banker, who has stepped down citing political pressure. National Bank head Yakiv Smolii submitted his letter of resignation Wednesday, pointing at “systematic political pressure” as...

People purchase fireworks on Thursday, July 2, 2020, in Dublin, Calif. For many Americans, the Fourth of July won't be about big festivities but setting off fireworks themselves. Hundreds of cities and towns have canceled shows Saturday because of the coronavirus pandemic, and sales of consumer fireworks are booming; though officials are concerned about fires and injuries with more pyrotechnics going off in backyards and at block parties. (AP Photo/Ben Margot)

More fireworks in Americans' hands for July 4 raises risks

Jul. 3, 2020 1:06 PM EDT

ATLANTA (AP) — For many Americans, the Fourth of July will be more intimate this year. It also could be riskier. Saturday will be unlike any Independence Day in recent memory. From Atlanta to San Diego, hundreds of fireworks shows have been canceled as officials restrict large gatherings during the...

LOADING MORE STORIES