Business
Latest stories
Markets Mostly Up but Held Back by Stimulus Uncertainty

Stock markets mostly rose Friday but gains were limited as US lawmakers struggled to hammer out a fresh economic rescue package, while investors were largely unmoved by the last presidential debate before next month's election.

W140 Full Story
Bloated Public Salaries at Heart of Iraq's Economic Woes

Long-time Iraqi civil servant Qusay Abdul-Amma panicked when his monthly salary was delayed. Days of waiting turned to weeks. He defaulted on rent and other bills.

W140 Full Story
U.S. Existing Home Sales Boom in September, Jumping 9.4%

The U.S. housing market continued its boom in September as existing homes sales grew 9.4 percent from the month before, a survey released Thursday said.

The 6.54 million seasonally adjusted annual rate of sales reported by the National Association of Realtors (NAR) was above expectations and 21 percent higher than the same month in 2019, with low interest rates and the upheavals of the coronavirus pandemic fueling a surge in home-buying.

W140 Full Story
UK Improves New Jobs Support Scheme after Criticism

The UK government on Thursday improved its new jobs-support scheme after businesses hit by regional coronavirus lockdowns claimed it did not go far enough.

W140 Full Story
Stock Markets Flat as Virus Cases Spike

Global stock markets were steady Thursday following sharp losses the previous session, with investors spooked by a sharp rise in coronavirus cases and continued uncertainty over a pre-election stimulus package in Washington.

W140 Full Story
Asia Stocks Slip with US Stimulus Unlikely before Election

Asian markets retreated Thursday as the chances of a pre-election stimulus package from Washington dimmed, with Democrats and Republicans struggling to bridge their differences.

W140 Full Story
New Urgency as UK Reopens Stalled Brexit Talks with EU

Britain said Wednesday it was resuming trade negotiations with the European Union, accelerating the fraught process to round-the-clock meetings in a bid to salvage a deal within weeks.

W140 Full Story
As Oil Prices Dive, Iraqi Kurds Seek to Diversify Economy

Iraq's Kurdish region has for decades lived off its oil wealth, but plummeting energy prices amid the pandemic and financial mismanagement are forcing locals to return to long abandoned farms.

W140 Full Story
U.S. Slaps Google with Antitrust Suit, Eyes Possible Breakup

The U.S. government sued Google Tuesday, accusing the Silicon Valley titan of maintaining an "illegal monopoly" in online search and advertising, in the country's biggest antitrust case in decades, opening up the door to a potential breakup of the company.

W140 Full Story
Tesla to Export Cars Made in China to Europe

Tesla will this month begin exporting cars to Europe that are made at its new factory in Shanghai, the fast-growing U.S. electric carmaker has announced.

W140 Full Story