Business News

People wear face masks as they walk away from a subway station in Frankfurt, Germany, Thursday, Sept. 24, 2020. (AP Photo/Michael Probst)
German jobless rate falls in September, fewer on furloughOfficial data show that Germany’s unemployment rate declined in September despite the coronavirus pandemic
The Associated Press34 minutes ago
A blue sky over Britain's financial district in London, Monday, Sept. 28, 2020. Lawmakers and scientists have criticized Johnson's Conservative government for problems with the national test-and-trace program that was supposed to help control the spread of the disease and reduce the need for limits on social interactions. (AP Photo/Kirsty Wigglesworth)
UK economy slump not as bad as feared but still a recordThe British economy did not contract as much as originally thought during the second quarter of the year when coronavirus lockdown measures were at their most intense
The Associated Press1 hour ago
Cardinal Angelo Becciu talks to journalists during press conference in Rome, Friday, Sept. 25, 2020. The powerful head of the Vatican's saint-making office, Cardinal Angelo Becciu, has resigned from the post and renounced his rights as a cardinal amid a financial scandal that has reportedly implicated him indirectly. (AP Photo/Gregorio Borgia)
European evaluators visit Vatican mired in financial scandalEuropean anti-money laundering evaluators are beginning a periodic visit to the Vatican amid a mounting financial scandal that has cost a half-dozen people their jobs, including one of the Holy See’s most powerful cardinals
The Associated Press2 hours ago
Shell plans to cut up to 9,000 jobs as oil demand slumpsRoyal Dutch Shell says it is planning to cut between 7,000 and 9,000 jobs worldwide by the end of 2022 following a collapse in demand for oil and a subsequent slide in oil prices during the coronavirus pandemic
The Associated Press2 hours ago
Tarek Aloui talks to The Associated Press on the beach of Ras Jebel, near Bizerte, Tunisia, Wednesday Sept. 23, 2020. Aloui has tried 10 times to reach Italy since 2014. He has succeeded only once, last March at the height of the coronavirus lockdown, and was expelled almost immediately back home, where he was jailed for six months. The number of Tunisians migrating clandestinely to Italy has risen to levels not seen since the 2011 Arab Spring uprising. In Tunisia, the departures now include families and even people who have jobs but can no longer count on their income being enough. (AP Photo/Hassene Dridi)
Tunisians fleeing economy, not COVID, cause tension in ItalyThe number of Tunisian migrants trying to reach Italy has risen to levels not seen since the 2011 Arab Spring uprising
The Associated Press2 hours ago
Rev. Mario Carminati talks with a woman before celebrating Mass inside the Santissima Redentore church in Seriate, near Bergamo, Italy, Sunday, Sept. 27, 2020. If there is anything the Rev. Carminati and the traumatized residents of Italy’s Bergamo province remember about the worst days of the coronavirus outbreak, it’s the wail of ambulance sirens piercing the silence of lockdown.(AP Photo/Antonio Calanni)
At virus milestone, Italian priest reflects on loss, lessonsAs the world counts more than 1 million COVID-19 victims, the quiet of everyday life and hum of industry has returned to Italy's Bergamo province, which along with the surrounding Lombardy region was the onetime epicenter of the outbreak in Europe
The Associated Press3 hours ago
FILE - In this Saturday, July 31, 2010, file photo, a ribbon of oil lines the bottom stalks of marsh grass at low tide in a cove in Barataria Bay on the coast of Louisiana. The April 20, 2010, explosion at the BP Deepwater Horizon offshore platform killed 11 men, and the subsequent leak released an estimated 172 million gallons of petroleum into the Gulf of Mexico. Louisiana will get nearly $215 million in BP oil spill money for two projects that will restore more than 4,600 acres of marsh and other habitat in the New Orleans area. Gov. John Bel Edwards says work on the projects should begin in 2021. (AP Photo/Patrick Semansky, File)
$215M in BP oil spill money to restore Louisiana marshesLouisiana will get nearly $215 million in BP oil spill money for two projects that will restore more than 4,600 acres of marsh and other habitat in the New Orleans area
The Associated Press4 hours ago
FILE - In this May 26, 2020 file photo, a historic marker for Wall Street is shown in New York's financial district. Stocks are off to a mixed start on Wall Street Tuesday, Sept. 29 as the market cooled off following a rally the day before and as investors waited for the presidential debate between former Vice President Joe Biden and President Donald Trump. Banks and industrial companies had some of the biggest losses shortly after the opening bell Tuesday, while several big technology and communications companies were higher. (AP Photo/Mark Lennihan, File)
World markets mostly lower after raucous Trump-Biden debateWorld markets have shown a muted reaction to the debate between President Donald Trump and his Democratic challenger Joe Biden, with share prices mostly lower
The Associated Press4 hours ago
Belgian Prime Minister Sophie Wilmes speaks during a press conference following the National Security Council meeting on the COVID-19 outbreak, in Brussels, Wednesday, Sept. 23, 2020. Belgium's prime minister announced Wednesday a relaxation of social-distancing rules as part of a less stringent long-term coronavirus strategy, despite the steady rise of COVID-19 cases in a country already hard-hit by the virus. (Olivier Hoslet, Pool via AP)
7 parties agree on Belgian coalition governmentAlmost 500 days after Belgian parliamentary elections, seven parties from both sides of the linguistic aisle have agreed on forming a fully functioning majority government that will center on dealing with the pandemic and its devastating economic impact
The Associated Press4 hours ago
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