Tag Archives: business

WASHINGTON - U.S. productivity posted a sharp rebound between January and March after falling in the previous quarter. Labor costs declined slightly. Productivity increased at an annual rate of 5.4% i...

WASHINGTON - The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago and a sign of the job market's growing strength ...

LONDON - The Bank of England has kept interest rates on hold as it forecast the fastest annual pace of growth for the British economy since early on in World War II, largely as a result of the rapid r...

NEW YORK - Teams of experts are projecting COVID-19's toll on the U.S. will fall sharply by the end of July, according to research released by the government Wednesday. But they also warn that a "subs...

BRUSSELS - The European Union is planning to tighten rules on foreign investment in its 27 members and boost production autonomy for sensitive strategic goods, two measures bound to hit China - amid a...

LONDON - Foreign ministers from the Group of Seven wealthy industrialized nations on Wednesday accused China of human rights abuses and economic mischief, but offered little concrete action to deal wi...

OTTAWA - An air passenger rights advocate says he flagged problems with refund rules to Ottawa more than a year before authorities said the pandemic brought the issues to light. Gabor Lukacs, presiden...

DUBAI, United Arab Emirates - Saudi Aramco said Tuesday its profits soared by 30% in the first-quarter of the year, compared to last year, riding on the back of higher crude oil prices. The results co...

MILAN - Italian luxury sportscar maker Ferrari announced Tuesday that it won't hit 2022 financial targets due to the impact of the coronavirus pandemic, despite a strong rebound in the first quarter o...

WASHINGTON - The U.S. trade deficit surged to a record $74.4 billion in March as an improving U.S. economy drove purchases of imported foreign goods. The deficit, the gap between what America buys fro...