Euro economy burdened by pandemic, seen lagging US and China
FRANKFURT, Germany — The European economy shrank 0.7% in the past three months of 2020 as businesses were hit by a new round of lockdowns…
AP Wire
Tesla to fix touch screens, ending spat with US regulators
DETROIT — After initially refusing a request from U.S. safety regulators, Tesla has now agreed to recall about 135,000 vehicles because the large touch screens…
Pfizer swings to small profit as vaccines begin to roll out
Pfizer, the first company to get U.S. emergency use authorization for a COVID-19 vaccine, swung to a small profit in the fourth-quarter as it started…
Budget office projects 4.6% growth in Biden’s first year
The Congressional Budget Office expects the U.S. economy will grow at a 4.6% annual rate this year, with employment returning to pre-pandemic levels in 2024….
US factories grew in January, but at a slower pace
SILVER SPRING, Md. — American factories continued to expand in January, but at slower pace than December. The Institute for Supply Management reported today that…
U.S. construction spending up 1% in December led by housing
WASHINGTON — U.S. construction spending rose a moderate 1% in December as strength in home building offset continued weakness in nonresidential construction. The increase followed…
German beer sales suffer as virus restrictions bite
BERLIN — Beer sales in Germany were down 5.5% last year, dragged lower by lengthy closures of bars and restaurants in the coronavirus pandemic, official…
Australian prime minister says Bing could replace Google
CANBERRA, Australia — Australia’s prime minister said today that Microsoft is confident it can fill the void if Google carries out its threat to remove…
UK online fashion retailer buys Topshop, three other brands
LONDON — Online fashion seller ASOS has bought Topshop, which once boasted designs by Kate Moss and Beyonce, along with three other brands for 265…
China manufacturing growth weakens in January
BEIJING — China’s manufacturing growth weakened in January, according to two surveys, suggesting its rebound from the coronavirus pandemic is leveling off. A purchasing managers’…