Business News

September existing home sales climb 9.4%, highest…

Sales of existing homes climbed 9.4% in September, the National Association of Realtors said Thursday, the latest sign that the housing market remains red hot despite the coronavirus pandemic

US jobless claims drop to 787,000, but layoffs…

The number of Americans seeking unemployment benefits fell last week to 787,000, a sign that job losses may have eased slightly but are still running at historically high levels

US NATO allies still short on defense spending aims

U.S. allies in Europe and Canada have increased defense spending for a sixth consecutive year but most of them will still fail to achieve a NATO spending ambition by the target date of 2024

British Airways parent company slashes passenger…

The parent company of British Airways says it cut its fourth-quarter passenger forecast to 30% of last year’s level as government restrictions imposed to control the second wave of coronavirus infections reduces demand for flights

AdChoices Icon

Banksy artwork sells for almost $10 million at…

Banksy’s playful take on a famous Impressionist painting has sold at auction for 7.6 million pounds ($9.8 million)

Turkey central bank keeps rate on hold despite currency drop

Turkey’s Central Bank has kept its policy rate at 10.25% despite market expectations for an increase that would help support the currency

Stocks drift on Wall Street amid not-so-bad…

U.S. stocks are drifting on Thursday as more big companies report profits for the summer that were better than Wall Street feared

China criticizes US media controls as 'political oppression'

China’s government has condemned a U.S. decision to require more Chinese media outlets to register as foreign missions but gave no indication whether Beijing might retaliate

German disease control center urges vigilance as…

The head of Germany’s disease control center is urging people to be vigilant about following coronavirus precautions as the country posted a record daily number of new infections

Buffalo Bills apply to trademark fan base's Mafia nickname

The Mafia is becoming legitimate in Buffalo — the Bills Mafia that is

AdChoices Icon

US officials link Iran to emails meant to…

U.S. officials say Iran is behind a flurry of emails sent to Democratic voters in battleground states that appeared to be aimed at intimidating them into voting for President Donald Trump

In Dubai, oil-rich UAE sees a new wonder: A coal power plant

In the oil-rich nation of the United Arab Emirates, an unusual sight is rising in Dubai

The Latest: NATO, EU health workers to help Czech…

The Czech government has approved a plan for up to 300 military health personnel from NATO and EU countries to come to the Czech Republic to help treat the influx of coronavirus patients

Asia Today: Sri Lanka closes fish market, expands…

Sri Lanka’s main fish market has been closed and a curfew widened as a COVID-19 outbreak grows

California theme park closures hit jobs, shops…

California’s amusement parks have been pining to reopen for months, hoping to bring back thousands of workers sent home in March when the coronavirus pandemic forced them to close their gates

AdChoices Icon

Mexico enacts law to guarantee public access to all beaches

Mexico has enacted a law that requires property owners to allow access through their land for the public to reach beaches that do not have access roads

Short-video app Quibi shutting down just months…

Short-video app Quibi is shutting down just six months after its April launch after struggling to find customers

Ex-Blue Bell Creameries CEO charged in deadly listeria case

Authorities say the former president of Blue Bell Creameries has been charged with wire fraud for allegedly trying to cover up a 2015 listeria outbreak linked to the company’s ice cream that killed three people in Kansas and sickened several others