IMF blames resurgent coronavirus for UK growth downgrades
LONDON — The International Monetary Fund has downgraded its growth forecasts for the British economy for this year and next, following an acceleration in the…
Articles by biztimes
Pending home sales cool in September, down 2.2%
CHARLOTTE, N.C. — The pending sales of existing homes fell 2.2% in September, the National Association of Realtors said today, the first monthly contraction of…
Nokia profit up, new CEO pledges to boost 5G investments
HELSINKI — Finnish telecommunications company Nokia today reported improved third-quarter earnings largely in line with expectations, but acknowledged it faced challenges in the race for…
Jobless claims fall to 751,000, but new infections a threat
WASHINGTON — The number of Americans seeking unemployment benefits fell last week to 751,000, the lowest since March, but it’s historically high and indicates the…
European Central Bank holds off on strengthening stimulus
FRANKFURT, Germany — The European Central Bank held off from strengthening its stimulus programs despite growing concern that a renewed surge in COVID-19 cases could…
Kellogg: 3rd quarter earnings snapshot
BATTLE CREEK, Mich. — Kellogg Co. today reported third-quarter net income of $348 million. On a per-share basis, the company said it had profit of…
Peosta council OKs up to $490,000 in incentives for new family entertainment center
PEOSTA, Iowa — Peosta City Council members this week approved a development agreement with the owners of Round 2. The new family entertainment center, featuring…
TH EXCLUSIVE: Minnesota developer plans 103-room boutique hotel in Millwork District
A new boutique hotel with more than 100 rooms soon will be created within an existing building in Dubuque’s Millwork District. David Rachie, a partner…
Lockdowns, business rollbacks threatened amid surging virus
The alarming surge in coronavirus cases in Europe and the U.S. is wiping out months of progress against the scourge on two continents, prompting new…
All about Section 230, a rule that made the modern internet
OAKLAND, Calif. — Twenty-six words tucked into a 1996 law overhauling telecommunications have allowed companies like Facebook, Twitter and Google to grow into the giants…