Ireland's Donohoe named head of eurozone finance group
BRUSSELS (AP) — Ireland's Paschal Donohoe was elected Thursday to head the powerful finance group of the 19 nations using Europe’s single currency, and vowed to lead the bloc through what is set to be a historically deep recession in the wake of the coronavirus pandemic.
Brazil asks investment firms to adopt protected Amazon areas
RIO DE JANEIRO (AP) — Brazil’s government on Thursday proposed that global asset-managers adopt protected areas in the Amazon rainforest in order to curb illegal deforestation ahead of the season farmers traditionally use fire to clear land and brush.
Stocks slump on economy worries, erase much of week's gain
NEW YORK (AP) — Stocks are slumping on Wall Street Thursday amid worries that recent improvements in the economy may be set to stall as coronavirus cases continue to climb.
UK reopens gyms, pools, as Treasury chief warns of recession
LONDON (AP) — The U.K.'s Treasury chief acknowledged Thursday that the country faced unprecedented economic times, entering one of the most severe recessions it has ever seen as it emerges from the COVID-19 pandemic.
Bed Bath & Beyond closing stores, cruises prepare to sail
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the national and global response, the work place and the spread of the virus.
Layoffs stuck at high level as 1.3 million seek jobless aid
WASHINGTON (AP) — More than 1.3 million Americans applied for unemployment benefits last week, a historically high pace that shows that many employers are still laying people off in the face of a resurgent coronavirus.
Joe Biden proposes $700 billion ‘Buy American’ campaign
DUNMORE, Pa. (AP) — Launching an economic pitch expected to anchor his fall presidential campaign, Democratic candidate Joe Biden is proposing using the federal government’s regulatory and spending power to bolster U.S.
Germany seizes server hosting pilfered U.S. police files
BOSTON (AP) — At the behest of the U.S. government, German authorities have seized a computer server that hosted a huge cache of files from scores of U.S.
Walgreens lost $1.7B in 3Q as global pandemic tightened grip
The coronavirus pandemic pushed Walgreens to a $1.7 billion loss it the most recent quarter with customers staying home or limiting shopping to essential supplies from grocery stores.
Virus causes uncertainty for state lotteries
Boston (AP) — The coronavirus pandemic has been a rollercoaster for state lotteries across the country, with some getting a boost from the economic downturn and others scrambling to make up for revenue shortfalls.
EU says 'significant divergences' remain in Brexit talks
BRUSSELS (AP) — EU and U.K. negotiators have yet to find a way to overcome “significant divergences" in their attempt to seal a post-Brexit compromise, the European Union's chief negotiator said on Thursday.
Virus forces catering platform to find new audience, purpose
NEW YORK (AP) — When it launched in 2017, the catering tech platform HUNGRY had one customer in mind: well-heeled office workers.
2Q earnings to show how virus menaced Corporate America
NEW YORK (AP) — Like that last roll of ultra-thin toilet paper left on the shelves or the latest Star Wars movies, it’s tough to be disappointed in something when expectations were low to begin with.
Morocco to start reopening borders after strict lockdown
RABAT, Morocco (AP) — Morocco will start gradually reopening its air and maritime borders next week after one of the world’s strictest border lockdowns, which trapped tourists inside the country and left thousands of Moroccans stranded abroad and unable to come home.
EU court: No need to reveal IP addresses in uploading cases
BRUSSELS (AP) — The European Union’s highest court ruled Thursday that online platforms don't have to disclose the full personal data including email addresses, telephone numbers or IP addresses of users who illegally upload movies and copyright material.
German exports regain ground in May, but a long way to go
BERLIN (AP) — German exports regained some ground in May, though the gain was far short of making up for big losses at the height of the coronavirus pandemic in Europe, official figures showed Thursday.
Lawyer: TSA makes changes after whistleblower's complaint
The Transportation Security Administration has improved coronavirus protection for airport screeners after a TSA official accused the agency of endangering travelers, the whistleblower's lawyer said Wednesday.
United Airlines warns 36,000 workers they could be laid off
United Airlines is warning 36,000 employees — nearly half its U.S. staff — they could be furloughed in October, the clearest signal yet of how deeply the virus pandemic is hurting the airline industry.
Facebook takes down accounts tied to Roger Stone
OAKLAND, Calif. (AP) — Facebook on Wednesday said it has removed dozens of accounts linked to the hate group Proud Boys, to President Donald Trump’s longtime ally Roger Stone and to employees of Brazil’s president, Jair Bolsonaro, among others.
Facebook civil rights audit: 'Serious setbacks' mar progress
A two-year audit of Facebook’s civil rights record found “serious setbacks” that have marred the social network’s progress on matters such as hate speech, misinformation and bias.
Buffett makes annual donations worth $2.9B to 5 charities
OMAHA, Neb. (AP) — Billionaire Warren Buffett has given away another $2.9 billion of his Berkshire Hathaway stock to five foundations as part of his plan to gradually give away his fortune.
Judge dismisses GM's bribery lawsuit against Fiat Chrysler
DETROIT (AP) — A federal judge in Detroit has tossed out General Motors’ lawsuit alleging that Fiat Chrysler paid off union leaders to get better contract terms than GM.
Brooks Brothers, worn by Lincoln and Kennedy, goes bankrupt
NEW YORK (AP) — Brooks Brothers, the 200-year-old company that dressed nearly every U.S. president, filed for bankruptcy protection Wednesday, the latest major clothing seller to be toppled by the coronavirus pandemic.
CDC: Minorities affected much more in meatpacking outbreaks
A new report studying the impact of the coronavirus on workers at meat processing plants has found that 87% of people infected were racial or ethnic minorities and that at least 86 workers have died.
US consumers reduced their borrowing by $18.3 billion in May
WASHINGTON (AP) — U.S. consumers reduced their borrowing for a third straight month in May as the millions of jobs lost because of the coronavirus pandemic made households less eager to take on new debt.