Business News

Tesla Surpasses Toyota As The Most Valuable…

Since the start of the year, Tesla shares have swelled 183%.

As Texas reverses course on masks, GOP digs in on…

Texas began mandating face coverings Friday on the orders of Republican Gov. Greg Abbott, who says some people “are not comprehending the magnitude” of the coronavirus outbreak

Virus-hammered Air France announces 7,500 job cuts

Air France and regional subsidiary Hop have announced 7,500 job cuts after the virus pandemic grounded most flights and darkened prospects for future air travel

Airbus To Cut 15,000 Jobs Over COVID-19 Pandemic

The company said the cuts will occur no later than the summer of 2021.

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Nigerian man charged with cyber fraud against US companies

A Nigerian national has appeared in court in Chicago on charges that he orchestrated an international cyber fraud scheme that defrauded U.S. businesses in six states out of tens of millions of dollars

Turkey: pilots on trial over Ghosn escape…

A Turkish court has released four pilots and a private airline official from jail, pending the outcome of their trial on charges of smuggling former Nissan Motor Co. chairman Carlos Ghosn out of Japan to Lebanon, via Turkey

CEO of ailing Commerzbank offers to resign, chairman quits

Germany’s ailing Commerzbank says its chief executive Martin Zielke has offered his resignation

UK scraps quarantine for some visitors as pubs…

Britain is scrapping a 14-day quarantine rule for arrivals from 73 countries and territories deemed “low risk” for the coronavirus, including Japan, Australia, France, Spain, Germany and Italy

More fireworks in Americans' hands for July 4…

For many Americans, the Fourth of July won't be about big festivities but setting off fireworks themselves

Germany is first major economy to phase out coal…

Germany lawmakers have passed new legislation finalizing the country’s long-awaited phase-out of coal, over objections from environmental groups the plan is not ambitious enough

Opponents of 5G networks set fire to Cyprus' mobile antennas

Cyprus police say they believe that a small group of people who oppose 5G mobile telephone technology is responsible for separate arson attacks against four mobile telephone antenna installations in the coastal town of Limassol

Israeli, UAE technology firms pen deal on virus…

A government-linked technology company in the United Arab Emirates has signed a partnership with two major state-owned Israeli defense firms to research ways of combating the coronavirus pandemic

Germany's Daimler to start talks on sale of plant in France

German automaker Daimler says it plans to start talks on selling its plant in Hambach, France, where it has made the Smart compact car for years

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World stocks mostly dip with US closed for holiday

World stock markets dipped in Europe after gains in Asia

Japan seeks extradition of Americans accused in…

Tokyo prosecutors have filed a request for the extradition of two Americans arrested in the U.S. for allegedly helping Carlos Ghosn, the former chairman of Nissan, flee Japan while he was out on bail

Poland wants generous EU budget for Central Europe

Poland's President Andrzej Duda says the European Union's budget for the next seven years should be generous for Central European nations that want to help drive Europe's economic recovery from the coronavirus recession

US jobs surge: Trump sees sunshine, Biden 'no…

There was good news and bad news in the job numbers this week

China sends warning to India amid border clash fallout

China is warning India against making a “strategic miscalculation” following a bloody clash between forces from the two nuclear-armed Asian giants along their disputed border

Was new Chex flavor worth South Koreans' 16-year wait?

South Koreans have waited 16 years for a savory, crispy bite that would satisfy their taste buds and right an infamous wrong

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Greece: Construction begins on major development project

Greece’s prime minister has inaugurated the start of construction work on a long-delayed major development project at the prime seaside site of the old Athens airport

Kim Jong Un urges North Koreans to keep up virus…

North Korean state media say leader Kim Jong Un urged officials to maintain alertness against the coronavirus, warning that complacency risked “unimaginable and irretrievable crisis.”