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….
AP Wire
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…
Auto workers chief, prosecutor to discuss reforming union
DETROIT — The head of the United Auto Workers will meet this month with the U.S. attorney in Detroit to discuss potential changes for the…
BP takes $17.5 billion hit as pandemic accelerates emissions cuts
LONDON — Energy company BP is writing down its oil and gas assets by as much as $17.5 billion and will review its plans to…
EU leader wants to inject ‘fresh momentum’ in Brexit talks
BRUSSELS — The European Union’s top official said time has come to “inject fresh momentum” into post-Brexit negotiations to try and secure a trade deal…
Fed says ‘full range of tools’ in play to counter pandemic
WASHINGTON — The Federal Reserve is promising to use its “full range of tools” to pull the country out of a recession brought on by…