Economy News

September 19, 2020

Witnesses say cargo plane crashes at airport in Mogadishu

A cargo plane crashed Saturday morning at the international airport in Somalia's capital, and local reports said there were ...

September 19, 2020

Trump seeks rural votes in battleground Minnesota

President Donald Trump stumped for votes in rural Minnesota, predicting his Democratic opponent, Joe Biden, would terminate ...

September 19, 2020

Apple to launch first online store in India next week

Apple announced Friday that it will launch its first online store in India next week, as it seeks to increase sales in one ...

September 18, 2020

Watchdog: FAA not prepared to update jet evacuation rules

The Federal Aviation Administration hasn't updated standards for emergency airliner evacuations in nearly two decades, a ...

September 18, 2020

Trump: I'm the best thing to happen to Puerto Rico

President Donald Trump has announced nearly $13 billion in aid to Puerto Rico to help rebuild the electrical grid and repair ...

September 18, 2020

Spanish banks merge in sign of hard economic times ahead

Two of Spain’s biggest banks said Friday they were merging, pushed together by a need to weather tough economic times that ...

September 17, 2020

Dems promise to 'keep fighting' for virus funding

Democratic leaders promise to "keep fighting" for funding included in the Heroes Act which has languished in Congress since ...

September 17, 2020

Bank of England eyes sub-zero rates in face of virus, Brexit

The Bank of England indicated Thursday that it could cut interest rates below zero for the first time in its 326-year history ...

September 16, 2020

More than 20 workers hurt in Texas crane accident

Authorities say two cranes collided at a Texas construction site, injuring at least 22 workers. The cranes collided Wednesday ...

September 16, 2020

US Federal Reserve adjusts inflation target

The Federal Reserve adjusted its inflation target to seek price increases above 2% annually, a move that will likely keep ...

September 16, 2020

Panel's report blasts Boeing, FAA for crashes, seeks reforms

A House committee issued a scathing report Wednesday questioning whether Boeing and government regulators have recognized ...

September 16, 2020

DP World, Israeli firm to bid for Haifa port privatization

Dubai-based port operator DP World said Wednesday it would partner with an Israeli firm in a bid to take over the country's ...

September 15, 2020

Yuengling, America's oldest brewer, invades the West Coast

Hey West Coast beer lovers, it's pronounced YING-ling. D.G. Yuengling and Son, America's oldest operating brewer, is sending ...

September 15, 2020

Japan begins trial of Nissan, ex-executive over Ghosn's pay

The financial misconduct trial of former Nissan executive Greg Kelly began Tuesday with Kelly saying he committed no crimes ...

September 15, 2020

Wildfires during pandemic intensify economic pain in West

The fires consuming the forests of California and Oregon and darkening the skies over San Francisco and Portland are also ...

September 15, 2020

Oracle wins TikTok over Microsoft in Trump-urged bid

The owner of TikTok has chosen Oracle over Microsoft as its American tech partner. Managing Director at Wedbush Securities ...

September 14, 2020

Facebook to buy REI’s new headquarters near Seattle

Facebook will buy REI’s new and unused Bellevue campus for nearly $368 million, the social media giant said on Monday.

September 14, 2020

Verizon to buy prepaid phone seller Tracfone for up to $6.9B

Verizon, the country's largest phone company, is buying prepaid phone seller Tracfone for up to $6.9 billion, expanding its ...

September 14, 2020

Thai court allows Thai Airways to file for reorganization

Thailand’s Central Bankruptcy Court on Monday gave the go-ahead to financially ailing Thai Airways International to submit ...

September 12, 2020

More than 50 killed at collapsed gold mine in eastern Congo

More than 50 people are dead after landslides caused the collapse of three artisanal gold mines near the city of Kamituga in ...