More stimulus expected as UK inflation drops to 4-year low
LONDON — Inflation in the U.K. fell to its lowest level in four years in May following a big coronavirus-related drop in prices at the…
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US home construction rebounds 4.3% in May
WASHINGTON — US home construction rebounded 4.3% in May after steep declines caused by shutdowns due to the coronavirus. The Commerce Department reported today that…
Donations to fight virus, injustice could sustain charities
SEATTLE — A recession is expected to curtail Americans’ generosity following a record year for charitable donations, but the recent wave of money dedicated to…
Trump administration takes Keystone dispute to Supreme Court
HELENA, Mont. — The Trump administration has asked the U.S. Supreme Court to revive a permit program that would allow the disputed Keystone XL pipeline…
US industrial production bounces back 1.4% in May
WASHINGTON — American industry rebounded last month as factories began to reopen for the first time since being shut down by the coronavirus in Aprll….
US casinos push for cashless gambling payments, citing virus
ATLANTIC CITY, N.J. — The American casino industry wants gambling regulators to make it easier to adopt cashless payment transactions on the casino floor, citing…
US retail sales up 17.7% in a partial rebound from plunge
BALTIMORE — U.S. retail sales jumped 17.7% from April to May, with spending partially rebounding after the coronavirus had shut down businesses, flattened the economy…
McDonald’s worldwide sales improve as stores reopen globally
McDonald’s sales are gradually improving as more of its restaurants reopen worldwide. The Chicago-based fast food giant said today that its global same-store sales —…
EU authorities open two Apple antitrust investigations
LONDON — European Union regulators began two antitrust investigations today into Apple’s mobile app store and payment platform over concerns its practices distort competition, opening…
UK unemployment expected to hit levels last seen in 1980s
LONDON — Unemployment in the U.K. is widely expected to hit levels not seen since the mid-1980s during the coming months as a result of…