UK records deepest recession among top economies
LONDON — The British economy has recorded the deepest coronavirus-related slump among the world’s leading industrial economies after official figures today showed it shrinking by…
Articles by biztimes
Collins Aerospace in Cedar Rapids to lay off 72 employees
CEDAR RAPIDS, Iowa — One of eastern Iowa’s largest employers has revealed it plans to lay off 72 workers at its Cedar Rapids plant. The…
Stocks open higher, pushing S&P 500 closer to record high
Stocks are moving higher on Wall Street in early trading today, edging the S&P 500 closer to the all-time high it hit in February, before…
Summer jobs for young people are vanishing with the pandemic
Sara Buie lined up a summer lifeguard job to help pay for a new laptop, textbooks and a backpack for her freshman year at Virginia’s…
Virus surge makes US weak link in global economic recovery
FRANKFURT, Germany — People in China are back to buying German luxury cars. Europe’s assembly lines are accelerating. Now the global economy is waiting for…
US producer prices up 0.6% in July, biggest jump since 2018
WASHINGTON — U.S. wholesale prices shot up an unexpected 0.6% in July, biggest gain since October 2018, with energy prices moving sharply higher. The Labor…
UK jobs market hurtling toward cliff-edge moment in October
LONDON — The U.K. has kept a lid on unemployment so far during the coronavirus pandemic but, scratch beneath the surface, there are worrying trends…
US employers post more jobs in June, pull back on hiring
WASHINGTON — U.S. employers advertised more jobs in June compared with the previous month, but overall hiring fell, painting a mixed picture of the job…
U.S. investigates electrical fires in 2014 Chrysler minivans
DETROIT — The U.S. government’s road safety agency is investigating complaints of fires in a power and charging port in some Chrysler Town and Country…
Family of 4th dead worker sues Tyson over Waterloo COVID-19 outbreak
WATERLOO, Iowa — The family of a fourth worker who died of coronavirus during an outbreak at Tyson Foods’ largest pork processing plant is suing…