Business

A sparsely occupied Fifth Avenue, usually bustling with traffic, appears at midday on Wednesday, March 18, 2020 in New York. (Photo by Evan Agostini/Invision/AP)
March 31, 2020 - 10:20 am
LONDON (AP) — The coronavirus-related recessions around the world are going to be bad — and for some of the world's major industrial nations the worst that anyone alive has experienced, according to analysts at Deutsche Bank. In a wide-ranging report using data that in parts goes back 800 years,...
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The dining section is closed off at East Side Pockets, a small restaurant near Brown University, Wednesday, March 25, 2020, in Providence, R.I. President Donald Trump wants the country open for business by mid-April, but some experts warn it's not as easy as flipping a switch: Economies run on confidence, and that is likely to be in short supply for as long as coronavirus cases in the United States are still rising. (AP Photo/David Goldman)
March 31, 2020 - 9:25 am
WASHINGTON (AP) — U.S. consumer confidence tumbled in March as the impact of the coronavirus began to be felt. The Conference Board reported Tuesday that its confidence index dropped to a reading of 120 in March from February's 132.6. The steep decline reflected rising worries about the coronavirus...
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FILE - In this June 15, 2017, file photo, bagged purchases from the Kroger grocery store in Flowood, Miss., sit inside this shopping cart. A group of Instacart workers are organizing a strike across the U.S. starting Monday, March 30, 2020, to demand more pay and protection as they struggle to meet a surge in demand for grocery deliveries during the coronavirus pandemic. It was unclear how many of Instacart's shoppers - most of whom work as independent contractors - would join the strike. (AP Photo/Rogelio V. Solis, File)
March 31, 2020 - 9:04 am
NEW YORK (AP) — Some Instacart and Amazon warehouse workers walked off the job Monday demanding greater safeguards against the coronavirus, even as both companies are speed-hiring hundreds of thousands of new workers to handle a surge in delivery orders. The one-day strikes had little impact on...
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FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. In a series of sweeping steps, the U.S. Federal Reserve will lend to small and large businesses and local governments as well as extend its bond buying programs. The announcement Monday, March 23 is part of the Fed's ongoing efforts to support the flow of credit through an economy ravaged by the viral outbreak. (AP Photo/Jacquelyn Martin, File)
March 31, 2020 - 8:48 am
WASHINGTON (AP) — The Federal Reserve is intervening once again to try to smooth out the world's lending markets, this time by lending dollars to other central banks in exchange for Treasurys. The Fed's move Tuesday marks its latest aggressive effort to keep borrowing rates down and ensure that...
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FILE-In this May 29, 2019 file photo the Tokyo Tower is lit up at dusk as rain clouds hover over Tokyo's skyline. Patricia Espinosa, Executive Secretary of the United Nations Framework Convention on Climate Change, on Tuesday chided Japan over its new plan to reduce greenhouse gas emission. Environmental campaigners say Tokyo's new proposal shows no real ambition to increase existing efforts. (AP Photo/Jae C. Hong)
March 31, 2020 - 8:40 am
BERLIN (AP) — The top U.N. climate official on Tuesday chided Japan over its new plan to reduce greenhouse gas emissions, which environmental campaigners say shows no real ambition to increase existing efforts. All signatories of the 2015 Paris Agreement are supposed to submit a revised plan before...
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March 31, 2020 - 7:54 am
BALTIMORE (AP) — U.S. home price growth was showing signs of acceleration in January, a sign of the solid demand that existed before the coronavirus outbreak caused millions of job losses and tossed the U.S. economy into a likely recession. The S&P CoreLogic Case-Shiller 20-city home price...
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FILE - In this Jan. 15, 2020 file photo, men from Bangladesh disembark from the Open Arms rescue vessel at the port of Messina after being rescued on Friday off the Libyan coast, in Sicily, Italy. The European Union announced Tuesday, March 31, 2020 the launch of a new naval mission in the Mediterranean Sea aimed at enforcing the U.N arms embargo on Libya, after Italy blocked a previous operation claiming that the warships attracted migrants. (AP Photo/Santi Palacios, File)
March 31, 2020 - 7:34 am
BRUSSELS (AP) — The European Union announced Tuesday the launch of a new naval mission in the Mediterranean Sea aimed at enforcing the U.N. arms embargo on Libya, after Italy blocked a previous operation claiming that the warships attracted migrants to Europe's shores. The new operation, dubbed...
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FILE - In this Oct. 31, 2019, file photo, attendees walk past a display for 5G services from Chinese technology firm Huawei at the PT Expo in Beijing. Chinese tech giant Huawei says its 2019 sales rose 19.1% over a year earlier despite U.S. sanctions that hampered its smartphone and network equipment businesses. (AP Photo/Mark Schiefelbein, File)
March 31, 2020 - 6:47 am
BEIJING (AP) — Huawei’s chairman warned Tuesday that more U.S. moves to increase pressure on the Chinese tech giant might trigger retaliation by Beijing that could damage its worldwide industry. Huawei Technologies Ltd., which makes smartphones and network equipment, reported that its 2019 sales...
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A woman walks over a bridge with the European Central Bank in background in Frankfurt, Germany, as the sun rises Monday, March 30, 2020. Due to the coronavirus the economy expects heavy losses. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Michael Probst)
March 31, 2020 - 4:14 am
FRANKFURT, Germany (AP) — Inflation in the 19 countries that use the euro currency sagged to 0.7% in March from 1.2% February as the virus outbreak and an oil price war between Saudi Arabia and Russia rippled through the economy. A key factor in the officials figures published Tuesday was volatile...
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March 31, 2020 - 4:10 am
BERLIN (AP) — European countries trying to keep Iran's nuclear deal with world powers alive said Tuesday that a system they set up to enable trade with Tehran has finally concluded its first transaction, facilitating the export of medical goods. Britain, France and Germany conceived the complex...
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