Global stocks rise on vaccine hopes, ahead of US jobs data
BEIJING (AP) — Global stock markets and Wall Street futures rose Thursday on hopes for the development of a coronavirus vaccine and ahead of the release of monthly U.S.
British judge denies Venezuela access to gold in bank vault
LONDON (AP) — A British judge on Thursday refused to give Venezuela control of over $1 billion in gold sitting in a Bank of England vault, ruling that it is unlawful to give it to President Nicolás Maduro since Britain does not recognize him as president of the Latin American nation.
U.S., South Africa report new record coronavirus rises
BERLIN (AP) — The United States and South Africa have both reported record new daily coronavirus infections, with U.S. figures surpassing 50,000 cases a day for the first time, underlining the challenges still ahead as nations press to reopen their virus-devastated economies.
Black-owned businesses see sales surge amid racism reckoning
BOSTON (AP) — When Mahdi Hashemian was looking for a bicycle for his 7-year-old daughter Zeynab last week, the Cambridge, Massachusetts, resident decided to skip his local cycle shops in favor of a Black-owned one a few miles away in Boston’s Dorchester neighborhood.
European jobless rise contained by government help
FRANKFURT, Germany (AP) — The unemployment rate in the 19 countries that use the euro currency inched higher to 7.4 % in May from 7.3% in April as governments used active labor market support programs to cushion the impact of the virus outbreak on workers.
China accuses India of targeting Chinese imports after clash
BEIJING (AP) — China accused India on Thursday of improperly disrupting activities by Chinese companies in the midst of tensions over a bloody clash between forces along their disputed border.
Closing bars to stop coronavirus spread is backed by science
Authorities are closing honky tonks, bars and other drinking establishments in some parts of the U.S. to stem the surge of COVID-19 infections — a move backed by sound science about risk factors that go beyond wearing or not wearing masks.
A predicted surge in US job growth for June might not last
WASHINGTON (AP) — U.S. employers likely rehired several million more workers in June, thereby reducing a Depression-level unemployment rate, but the most up-to-date data suggests that a resurgent coronavirus will limit further gains.
China demands info from 4 media companies in response to US
BEIJING (AP) — China has demanded staff and business information from four U.S. media companies including The Associated Press in what it called a necessary response to similar demands by Washington on Chinese state-controlled news outlets.
Congress extends relief program for COVID-slammed businesses
WASHINGTON (AP) — The House on Wednesday easily passed a temporary extension of a subsidy program for small businesses slammed by the coronavirus, speeding the measure to President Donald Trump.
Workers: Tesla threatens firing if they don't return to jobs
DETROIT (AP) — Some Tesla workers and labor activists say the company is threatening to fire employees who haven’t returned to the company’s California factory since it reopened because they're afraid of catching the coronavirus.
A pinch where it hurts: Can Facebook weather the ad boycott?
On Wednesday, more than 500 companies officially kicked off an advertising boycott intended to pressure Facebook into taking a stronger stand against hate speech.
Cases spike in Sunbelt, other states back off on reopening
PHOENIX (AP) — California closed bars, theaters and indoor restaurant dining all over again across most of the state Wednesday, and Arizona's outbreak grew more severe by nearly every measure as the surging coronavirus crisis across the South and West sent a shudder through the country.
California sues Cisco for bias based on Indian caste system
NEW YORK (AP) — California regulators have sued Cisco Systems, saying an engineer faced discrimination at the company's Silicon Valley headquarters because he is a Dalit Indian.
Fed minutes show concerns about severity of downturn
WASHINGTON (AP) — Federal Reserve officials last month expressed concerns about the severity of the economic downturn triggered by the coronavirus pandemic, saying the drop in economic activity in the spring would likely be the steepest in the post-World War II period.
Background checks, a metric for gun sales, hit all-time high
Historic numbers of background checks to purchase or possess a firearm were done in June, a trend in a year marked by uncertainty over the coronavirus pandemic, a subsequent economic recession, protests over racial injustice and calls to reduce police funding.
Countries eager for tourists, Tokyo Disneyland reopens
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of the virus.
Hot news cycle leads CNN to best ratings in 40 years
NEW YORK (AP) — An extraordinary stretch of news with the coronavirus pandemic and racial reckoning triggered by George Floyd's death has led CNN to its biggest audience for any three-month period in the network's 40-year history.
5 things to watch for in Thursday's jobs report for June
WASHINGTON (AP) — With the viral outbreak worsening and unemployment at Depression-era levels, the government on Thursday will issue what will almost surely be another remarkable jobs report.
US manufacturing bounces back in June on reopenings
SILVER SPRING, Md. (AP) — U.S. manufacturing rebounded in June as major parts of the country opened back up, ending three months of contraction in the sector caused by the coronavirus pandemic.
AP Exclusive: Hair weaves from Chinese prison camps seized
Federal authorities in New York on Wednesday seized a shipment of weaves and other beauty accessories suspected to be made out of human hair taken from people locked inside a Chinese internment camp.
Zoom got big fast. Then videobombers made it rework security
SAN RAMON, Calif. (AP) — Back in March as the coronavirus pandemic gathered steam in the U.S., a largely unheralded video-conferencing service suddenly found itself in the spotlight.
Survey: Companies added 2.4 million jobs in June
WASHINGTON (AP) — U.S. companies added nearly 2.4 million jobs in June, according to a private survey, a large gain that still leaves total employment far below its pre-pandemic levels.
Prague train with 500 tourists boosts Croatia tourism hopes
ZAGREB, Croatia (AP) — A train carrying about 500 tourists from the Czech Republic and Slovakia arrived to Croatia on Wednesday morning as the country seeks to attract visitors after easing lockdown measures against the coronavirus.
Italy seizes 14 tons of amphetamines, said to be IS-made
ROME (AP) — Italian police have seized 14 tons of amphetamines, allegedly produced in Syria by the Islamic State group to fund extremist activities and destined for the European illegal drug market.