EU regulators fine Amazon $886 million
NEW YORK — European regulators have fined Amazon 746 million euros ($886 million) for data protection violations. Amazon said in a regulatory filing today that…
AP Wire
Worker pay rises strongly as businesses fight to fill jobs
WASHINGTON — Wages and salaries rose at a healthy pace in the three months ended in June as employers competed to find enough workers to…
U.S. consumers boost spending 1% as inflation remains high
WASHINGTON — American consumers increased their spending by 1% in June — a dose of energy for an economy that is quickly rebounding from the…
Caterpillar 2Q revenue up on higher equipment demand
Rising demand for machinery fueled sales at Caterpillar during the second quarter as the rollout of vaccines helped to revive construction projects. Revenue was $12.89…
Taiwan’s economy loses momentum as anti-virus controls pinch
TAIPEI, China — Taiwan’s economic growth slowed to 7.5% over a year earlier in the latest quarter as anti-coronavirus controls depressed consumer spending and manufacturing….
Exxon posts $4.7 billion in profit as demand for fuel rebounds
Exxon posts $4.7 billion in profit as demand for fuel rebounds NEW YORK — Exxon Mobil swung back to a profit and topped expectations on…
European economy grows 2%, ending double-dip recession
FRANKFURT, Germany — Europe emerged from a double-dip recession in the second quarter with stronger than expected growth of 2.0% over the quarter before, according…
Hong Kong’s economy shrinks as voucher scheme rolls out
HONG KONG — Hong Kong’s economy contracted in the three months ending in June as export growth decelerated and the Chinese territory prepared to launch…
US economy surpasses pre-pandemic size with 6.5% Q2 growth
WASHINGTON — Fueled by vaccinations and government aid, the U.S. economy grew at a solid 6.5% annual rate last quarter in another sign that the…
US economy surpasses pre-pandemic size with 6.5% Q2 growth
WASHINGTON (AP) — Fueled by vaccinations and government aid, the U.S. economy grew at a solid 6.5% annual rate last quarter in another sign that…