Economy

FILE- In this Tuesday, Feb. 25, 2020 file photo, robots work on an electric car ID.3 body at the assembly line during a press tour at the plant of the German manufacturer Volkswagen AG (VW) in Zwickau, Germany. The coronavirus has cancelled business plans all over the world but Europe's push into electric cars isn't one of them. Sales of battery-powered and hybrid cars have held up despite a deeply painful recession, mainly thanks to the action of governments. (AP Photo/Jens Meyer, file)
July 15, 2020 - 6:43 am
FRANKFURT, Germany (AP) — The coronavirus has cancelled business plans all over the world but Europe's push into electric cars isn't one of them. Sales of battery-powered and hybrid cars have held up better than the overall market amid a deeply painful recession, mainly thanks to the action of...
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FILE - In this Tuesday, Aug. 30, 2016 file photo, European Union Competition Commissioner Margrethe Vestager speaks during a media conference at EU headquarters in Brussels. A European Union high court on Wednesday, July 15, 2020 ruled in favor of technology giant Apple and Ireland in its dispute with the EU over 13 billion euros, 15 billion US dollars in back taxes. (AP Photo/Virginia Mayo, File)
July 15, 2020 - 6:39 am
BRUSSELS (AP) — A European Union court on Wednesday delivered a hammer blow to the bloc’s attempts to rein in sweetheart tax deals between multinationals and individual member countries when it ruled that technology giant Apple does not have to pay 13 billion euros ($15 billion) in back taxes to...
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President Donald Trump speaks during a news conference in the Rose Garden of the White House, Tuesday, July 14, 2020, in Washington. (AP Photo/Evan Vucci)
July 15, 2020 - 5:03 am
WASHINGTON (AP) — President Donald Trump is expected to announce a new federal rule to speed up the environmental review process for proposed highways, gas pipelines and other major infrastructure, a move that critics are describing as the dismantling of a 50-year-old environmental protection law...
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President Donald Trump speaks during a news conference in the Rose Garden of the White House, Tuesday, July 14, 2020, in Washington. (AP Photo/Evan Vucci)
July 15, 2020 - 4:54 am
WASHINGTON (AP) — President Donald Trump transformed an event that was supposed to highlight his China policy into an impromptu campaign rally, delivering an expansive and often meandering broadside against Democratic rival Joe Biden on trade, policing and his son's business practices, among other...
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Visitors wearing face masks to help protect against the spread of the new coronavirus take a walk at a park in Seoul, South Korea, Wednesday, July 15, 2020. (AP Photo/Lee Jin-man)
July 15, 2020 - 3:48 am
CANBERRA, Australia (AP) — Virus restrictions once lifted are being reimposed, shutting businesses and curbing people's social lives as communities try to curb a disease resurgence before it spins out of control. Residents of Australia’s second-largest city were warned on Wednesday to comply with...
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A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Wednesday, July 15, 2020. Shares were mostly higher in Asia on Wednesday as investors were encouraged by news that an experimental COVID-19 vaccine under development by Moderna and the U.S. National Institutes of Health revved up people’s immune systems just as desired. (AP Photo/Eugene Hoshiko)
July 15, 2020 - 1:40 am
Shares were mostly higher in Asia on Wednesday as investors were encouraged by news that an experimental COVID-19 vaccine under development by Moderna and the U.S. National Institutes of Health revved up people’s immune systems just as desired. Tokyo's Nikkei 225 advanced 1.6% to 22,945.50, while...
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Health workers screen people for COVID-19 symptoms at a slum in Mumbai, India, Tuesday, July 14, 2020. Several Indian states imposed weekend curfews and locked down high-risk areas as the number of coronavirus cases surged past 900,000 on Tuesday. (AP Photo/Rafiq Maqbool)
July 15, 2020 - 12:45 am
NEW DELHI — India’s coronavirus caseload is approaching 1 million with a surge of 29,429 in the past 24 hours, prompting authorities to reimpose lockdowns in high-risk areas in nearly a dozen states. The new confirmed cases took the national total to 936,181. The Health Ministry on Wednesday also...
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Rachel Berry, in New York City since 2004, from Laurel, Maryland, sits in her living room decorated with her art, Monday, July 6, 2020, in New York. Before the coronavirus pandemic, Berry worked as a bartender and waited tables, jobs that gave her enough time to work on her creative pursuits. But as New York City tries to reopen, there's concern that jobs for the city's creative class are no longer readily available. (AP Photo/Bebeto Matthews)
July 15, 2020 - 12:13 am
NEW YORK (AP) — It’s been the story for many a starry-eyed creative type looking for a big break in the Big Apple — wait tables to pay the bills while auditioning, performing, singing, painting, dancing, writing, whatever it takes to make the dreams of success come true. But there’s been a plot...
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U.S. Senate Majority Leader Mitch McConnell speaks outside of the Owensboro Health Muhlenberg Community Hospital during a press conference, Tuesday, July 14, 2020, in Greenville, Ky. McConnell made the appearance to express his gratitude for Kentucky's front-line healthcare workers and to discuss the impact of the Coronavirus Aid, Relief, and Economic Security Act. (Greg Eans/The Messenger-Inquirer via AP)
July 14, 2020 - 11:14 pm
WASHINGTON (AP) — Senate Majority Leader Mitch McConnell said he'll begin to roll out details of the new COVID-19 relief package to senators as soon as next week and suggested it will include new funding for school reopenings, some unemployment benefits and money for health care providers. Expected...
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A child wearing a face mask to curb the spread of the coronavirus watches as a street vendor applies protective film to a mobile phone on the streets of Beijing, China, Tuesday, July 14, 2020. Small businesses around the world are fighting for survival amid the economic fallout from the coronavirus pandemic. Whether they make it will affect not just local economies but the fabric of communities. (AP Photo/Ng Han Guan)
July 14, 2020 - 11:11 pm
BEIJING — China is further easing restrictions on domestic tourism after reporting no new local cases of COVID-19 in nine days. A directive from the Ministry of Culture and Tourism dated Tuesday said that tourist sites should allow 50 percent of their daily visitor capacity, up from 30 percent, and...
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