Business News

How major US stock indexes fared Friday

The S&P 500 rose to a record high Friday as investors continue to look forward to the distribution of a COVID-19 vaccine and relief for the global economy

Another week gone, Brexit trade talks remain stuck

The European Union says that another week of Brexit talks on a new trade deal has gone with barely any progress

Travel agents in Mideast, Africa say UAE is blocking visas

Travel agencies in countries across the Middle East and Africa say the United Arab Emirates has temporarily halted issuing new visas to their citizens

British bike maker pedals on, with Brexit deal up…

The team at Brompton Bicycle Ltd

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Greece sets price limit on COVID-19 tests at private clinics

Greece’s government wants to limit how much private medical facilities can charge for coronavirus tests

Indian police agree to allow protesting farmers…

Thousands of angry Indian farmers have been allowed to enter the capital to protest against new farming laws after they clashed with police who had blocked them at the outskirts of the city

Hyundai, Kia fined for delaying US engine failure…

Hyundai and Kia will spend $137 million on fines and safety improvements because they moved too slowly to recall over 1 million U.S. vehicles with engines that can fail

China slaps 200% tax on Australia wine amid…

China has added wine to the growing list of Australian goods barred from its markets in a trade war against Australia over disputes including its support for an investigation into the origin of the coronavirus

Polish PM says he's told Merkel of plan to veto EU budget

Poland’s prime minister says he has confirmed to German Chancellor Angela Merkel that Warsaw is ready to block the EU’s huge budget and recovery package because it’s linked to democratic standards in member states

Stocks rise on Wall Street as S&P 500 hits record…

The S&P 500 is closing a shortened session at a record high Friday as investors continue to look forward to the distribution of a COVID-19 vaccine and relief for the economy

Disney to lay off 4,000 more at California…

The Walt Disney Co. is announcing plans to lay off 4,000 more workers in its theme parks division in California and Florida due to the COVID-19 pandemic's effect on the industry

Families of 6 Americans convicted in Venezuela…

Hopes of families for a quick release for six American oil executives detained in Venezuela for three years over an alleged corruption scheme have evaporated, with a judge finding them all guilty and quickly sentencing them to prison

US agency investigating Tesla front suspension…

The U.S. government’s road safety agency is investigating complaints that front suspensions can fail on nearly 115,000 Tesla electric vehicles

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Virus keeps Black Friday crowds thin, shoppers…

After months of slumping sales and businesses toppling into bankruptcy, Black Friday is offering a small beacon of hope

Keep cool: Germany preps vaccine drive as COVID…

The German government is preparing to roll out a nationwide coronavirus vaccine program as it became the latest country to hit the milestone of 1 million confirmed cases Friday

Lawmakers throw pig guts, punches on Taiwan…

Lawmakers in Taiwan got into a fist fight and threw pig guts at each other over a soon-to-be enacted policy that would allow imports of U.S. pork and beef

Rome airport poised to try 'COVID tested" flights…

Rome's main airport says Italian authorities will soon approve an experiment with so-called “COVID tested” flights from three U.S. airports with the aim of eliminating the required 14-day quarantine for passengers arriving in Italy

S. Korea agency says N. Korea executed people…

South Korea's spy agency has told lawmakers that North Korea executed at least two people, banned fishing at sea and locked down its capital as part of frantic anti-coronavirus steps

UK to launch new watchdog next year to police…

Britain plans to create a new watchdog to police big tech companies including Google and Facebook to counter their market dominance and prevent them from exploiting consumers and small businesses

Top California air, climate regulator hopes to…

Mary Nichols will soon leave her job as California's top air regulator after more than four decades of advocating for ambitious climate policies in the nation's most populous state

France resumes tax on tech giants, seeks deal with US

France is resuming collection of a special tax on Big Tech companies like Amazon and Facebook despite the threat of more U.S. retaliatory tariffs on French wines and other goods

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Asia Today: South Korea cases stay above 500 for…

South Korea’s daily virus tally is hovering above 500 for the second straight day, and the country’s prime minister is urging the public to stay home this weekend to contain a viral resurgence

EU parliament backs lobster deal and EU-US mini…

The European Union parliament has approved a mini trade deal with the United States, which includes the elimination of customs duties on U.S. lobster imports

Minnesota tribes file to halt pipeline approval due to virus

Two Native American tribes in northern Minnesota are asking state regulators to stop the imminent construction of Enbridge Energy’s Line 3 crude oil pipeline replacement project, citing the coronavirus pandemic