U.S. construction spending edges up tiny 0.1% in July
WASHINGTON — U.S. construction spending edged up a tiny 0.1% in July, breaking a string of losses due to disruptions caused by the coronavirus pandemic….
AP Wire
Uber to require that passengers provide face-mask selfies
SAN FRANCISCO — Mask slackers will now have to provide photographic proof they’re wearing a face covering before boarding an Uber. The San Francisco-based company…
GM, Ford complete US contracts to build breathing machines
DETROIT — General Motors says it has finished making 30,000 medical breathing machines for the U.S. government to help treat coronavirus patients. The Department of…
Tesla announces plans to sell up to $5B in new stock shares
DETROIT — A day after its 5-for-1 stock split took effect, Tesla is announcing plans to sell up to $5 billion worth of common shares….
German government sees smaller economic decline this year
BERLIN — The German economy, Europe’s biggest, is performing better than expected following the easing of coronavirus lockdown restrictions, the government said today, as it…
15 years later, Walmart launches its answer to Amazon Prime
NEW YORK — Walmart is launching a new membership service that it hopes can compete with Amazon Prime. Called Walmart+, it will cost $98 a…
Samsung’s Lee indicted over controversial 2015 merger
SEOUL, South Korea — South Korean prosecutors today indicted Samsung heir Lee Jae-yong on charges of stock price manipulation and other financial crimes, setting up…
Eurozone unemployment spike held down by support schemes
FRANKFURT, Germany — The unemployment rate across the 19 countries that use the euro currency rose modestly to 7.9% in July, official figures showed today….
Berkshire Hathaway takes stakes in Japanese trading houses
TOKYO — Billionaire investor Warren Buffett’s Berkshire Hathaway said today it has taken stakes of just over 5% in five major Japanese trading houses in…
India’s economy contracts by 24%, worst in at least 24 years
NEW DELHI — India’s economy contracted by 23.9% in the April-June quarter, its worst performance in at least 24 years, the government announced today, as…