IMF head says global economy facing long climb to recovery
WASHINGTON — The head of the International Monetary Fund says that the global economy has started on a long climb to stronger growth with prospects…
AP Wire
Australia plans massive pandemic budget, record deficit
CANBERRA, Australia — The Australian government today announced plans to cut income taxes, create jobs for young people and stimulate business investment with a raft…
Service sector grows for the 4th consecutive month
WASHINGTON — The U.S. services sector, where most Americans work, grew for a fourth straight month in September as the country continued to reopen following…
Pandemic pushes start of holiday shopping earlier than ever
NEW YORK — Add last-minute holiday shopping to the list of time-honored traditions being upended by the coronavirus pandemic. Retailers are kicking off the holiday…
Survey: Business economists see coronavirus as biggest risk
WASHINGTON — The U.S. economy faces risks from a potential resurgence of the coronavirus and from the failure so far of Congress to provide additional…
Microsoft plans $1 billion data center venture in Greece
ATHENS, Greece — Microsoft has announced plans to build three data center sites in greater Athens, providing a badly needed investment of up to $1…
Amazon sees its palm recognition tech in stadiums, offices
SEATTLE — Amazon has introduced new palm recognition technology in a pair of Seattle stores and sees broader uses in places like stadiums and offices….
Airbnb blocking some rentals over Halloween to halt parties
Airbnb will prohibit one-night rentals over Halloween weekend as part of its ongoing effort to crack down on party houses. The action, announced today, comes…
EU proposes extending relaxed state aid rules until June
BRUSSELS — The European Commission is proposing to the EU member states to continue flexing state aid rules until the middle of next year to…
Europe’s central bank moves toward introducing digital euro
FRANKFURT, Germany — With consumers increasingly using cashless ways to buy things, the European Central Bank today took a step closer to issuing a digital…