French tourism gets boost with reopening of Disneyland Paris
PARIS (AP) — The French tourist industry received a further boost Wednesday with the partial reopening of Disneyland Paris and the opening up of the top floor of the Eiffel Tower.
Europe's shift to electric cars picks up despite recession
FRANKFURT, Germany (AP) — The coronavirus has cancelled business plans all over the world but Europe's push into electric cars isn't one of them.
With elective procedures delayed, UnitedHealth profit spikes
The nation’s largest health insurer more than doubled its profit in the second quarter, as COVID-19 shutdowns kept patients out of doctor’s offices and off operating tables.
Apple wins EU court case over $15 billion in claimed taxes
BRUSSELS (AP) — A European Union court on Wednesday delivered a hammer blow to the bloc’s attempts to rein in sweetheart tax deals between multinationals and individual member countries when it ruled that technology giant Apple does not have to pay 13 billion euros ($15 billion) in back taxes to Ireland.
Trump looks to scale back environmental reviews for projects
WASHINGTON (AP) — President Donald Trump is expected to announce a new federal rule to speed up the environmental review process for proposed highways, gas pipelines and other major infrastructure, a move that critics are describing as the dismantling of a 50-year-old environmental protection law.
China accuses Britain of helping Washington hurt Huawei
BEIJING (AP) — China accused Britain on Wednesday of colluding with Washington to hurt Huawei after the Chinese tech giant was blocked from working on a British next-generation mobile phone network.
Nissan rolls out new electric crossover, aims to boost image
TOKYO (AP) — Nissan unveiled an electric crossover vehicle Wednesday, the Japanese automaker’s first major all-new model since getting embroiled in the scandal surrounding its former chairman, Carlos Ghosn.
Without waiter jobs, what happens to creative New York?
NEW YORK (AP) — It’s been the story for many a starry-eyed creative type looking for a big break in the Big Apple — wait tables to pay the bills while auditioning, performing, singing, painting, dancing, writing, whatever it takes to make the dreams of success come true.
Asian markets mostly higher on hopes for coronavirus vaccine
Shares were mostly higher in Asia on Wednesday as investors were encouraged by news that an experimental COVID-19 vaccine under development by Moderna and the U.S.
McConnell: GOP virus proposal for schools, others out soon
WASHINGTON (AP) — Senate Majority Leader Mitch McConnell said Tuesday he'll begin to roll out details of the new COVID-19 relief package to senators as soon as next week and suggested it will include new funding for school reopenings, some unemployment benefits and money for health care providers.
First COVID-19 vaccine tested in US poised for final testing
The first COVID-19 vaccine tested in the U.S. revved up people’s immune systems just the way scientists had hoped, researchers reported Tuesday -- as the shots are poised to begin key final testing.
UK backtracks on giving Huawei role in high-speed network
LONDON (AP) — Britain on Tuesday backtracked on plans to give Chinese telecommunications company Huawei a role in the U.K.’s new high-speed mobile phone network amid security concerns fueled by rising tensions between Beijing and Western powers.
White House-backed campaign pushes alternate career paths
WASHINGTON (AP) — Presidential adviser Ivanka Trump on Tuesday unveiled a White House-backed national ad campaign highlighting alternative ways to start a career, an initiative targeting students, mid-career workers and the millions of people who are now unemployed because of the coronavirus.
NBC's video service Peacock stresses 'free,' looks to 2021
Peacock, one of the last major streaming services to launch in the U.S., was supposed to get a big boost this summer by carrying the Olympics.
Fed's Brainard warns US economy may slow, urges more support
WASHINGTON (AP) — Federal Reserve Governor Lael Brainard warned Tuesday that the U.S. economy appears to be slowing after an initial burst of recovery and called for the Fed to take aggressive steps to bolster growth.
Campaign brewing to get Hindu god Brahma off popular beer
An interfaith coalition is pressing the world's largest brewer to remove the name of a Hindu god from a popular beer that dates to the late 1800s — a dispute the beermaker insists is a case of mistaken identity.
Banks set aside billions, bracing for more economic pain
NEW YORK (AP) — With tens of millions of Americans out of work and many businesses shut down or operating under restrictions due to the coronavirus, three of the nation's biggest banks set aside nearly $30 billion in the second quarter to cover potentially bad loans that were fine only a few months ago.
“Growth has stalled": Surge in US infections hits Delta
Delta Air Lines lost $5.7 billion during a brutal three-month stretch in which the coronavirus pandemic brought travel to a near standstill, and any hoped-for recovery has been smothered by a resurgence of infected Americans.
Retirees in Greece win court battle for bailout refund
ATHENS, Greece (AP) — A high court in Greece ruled Tuesday in favor of retirees who brought a class action case to demand the reimbursement of money cut from their income during international bailouts.
Demand for robot cooks rises as kitchens combat COVID-19
HAYWARD, California (AP) — Robots that can cook - from flipping burgers to baking bread - are in growing demand as virus-wary kitchens try to put some distance between workers and customers.
Wells Fargo loses $2.4 billion in 2Q, first loss since 2008
Silver Spring, Md. (AP) — Wells Fargo lost $2.4 billion in the second quarter, the first quarterly loss for the bank since the real estate crash of 2008.
Spiking cost of gasoline pushes June consumer prices up 0.6%
WASHINGTON (AP) — U.S. consumer prices increased 0.6% in June, after three months of declines, with a big jump in gasoline prices accounting for over half of the gain.
JPMorgan profit hit hard by pandemic, as consumers struggle
NEW YORK (AP) — The coronavirus pandemic is weighing heavily on the financial health of JPMorgan Chase, as the nation’s largest financial company set aside billions in the second quarter to cover potential losses from all the businesses and consumers who are unable to pay their debts due to the slumping economy.
Singapore economy contracts 41% on quarterly basis
SINGAPORE (AP) — Singapore's economy entered recession in the April-June quarter, contracting 12.6% from the same period a year earlier.
Huawei posts 13.1% revenue growth amid pandemic, sanctions
HONG KONG (AP) — Huawei Technologies reported Tuesday that its revenue grew 13.1% in the first half of the year compared with a year earlier, despite sanctions from the U.S and challenges from the coronavirus pandemic.