Business

Emiratis wearing face masks due to the coronavirus pandemic work on the floor of the Dubai Financial Market in Dubai, United Arab Emirates, Tuesday, July 7, 2020. Dubai reopened its Dubai Financial Market stock exchange Tuesday after closing its floor due to the coronavirus pandemic. (AP Photo/Jon Gambrell)
July 07, 2020 - 12:07 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the national and global response, the work place and the spread of the virus. ________________________ FOOD & SHOPPING: — Overall retail sales are...
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FILE - In this Oct. 5, 2016, file photo, heavy equipment is seen at a site where sections of the Dakota Access pipeline were being buried near the town of St. Anthony in Morton County, N.D. A federal judge on Monday, July 6, 2020, sided with the Standing Rock Sioux Tribe and ordered the Dakota Access pipeline to shut down until more environmental review is done. (Tom Stromme/The Bismarck Tribune via AP, File)
July 07, 2020 - 11:43 am
FARGO, N.D. (AP) — A federal judge on Tuesday rejected a request for an emergency order to delay the process of shutting down the Dakota Access pipeline while attorneys appeal a ruling to shutter the pipeline during the course of an environmental review. Pipeline attorneys filed the motion — along...
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FILE - In this May 21, 2020 file photo, a man looks at signs of a closed store due to COVID-19 in Niles, Ill. U.S. layoffs surged in April revealing the deep economic hole that comes with shuttered offices, restaurants, stores and schools. (AP Photo/Nam Y. Huh, File)
July 07, 2020 - 10:57 am
WASHINGTON (AP) — The job market took a big step toward healing in May, though plenty of damage remains, as a record level of hiring followed record layoffs in March and April. The Labor Department reported Tuesday that the number of available jobs rose sharply as well, but remained far below pre-...
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A woman wearing a face mask to protect against the new coronavirus films students leave the school after finishing the first day of China's national college entrance examinations, known as the gaokao, in Beijing, Tuesday, July 7, 2020. China's college entrance exams began in Beijing on Tuesday after being delayed by a month due to the coronavirus outbreak. (AP Photo/Andy Wong)
July 07, 2020 - 9:36 am
BEIJING (AP) — Almost 11 million students began taking China's university entrance exam Tuesday after a delay as the country worked to bring down coronavirus infections. The grueling four-day exam known as “gaokao" can be a key determinant of a student’s future and was pushed back weeks from its...
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Turkey's Foreign Minister Mevlut Cavusoglu, right, and Josep Borrell Fontelles, High Representative and Vice-President of the European Commission, speak during a joint news conference, in Ankara, Turkey, Monday, July 6, 2020. Turkey's Foreign Minister on Monday called on the European Union to be an "honest broker" in disputes between Turkey and EU member states France, Greece and Cyprus, warning that his country would be forced to "reciprocate" against any decisions the bloc takes against Ankara.(Cem Ozdel/Turkish Foreign Ministry via AP, Pool)
July 07, 2020 - 6:50 am
NICOSIA, Cyprus (AP) — Cyprus and its European Union partners are working to rein in Turkey’s “expansionist policy” in the eastern Mediterranean amid heightened tensions over an offshore search for hydrocarbons, the island nation's president said Tuesday. President Nicos Anastasiades said that the...
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Hong Kong Chief Executive Carrie Lam listens to reporters' questions during a press conference in Hong Kong, Tuesday, July 7, 2020. TikTok said Tuesday it will stop operations in Hong Kong, joining other social media companies in warily eyeing ramifications of a sweeping national security law that took effect last week.(AP Photo/Vincent Yu)
July 07, 2020 - 6:16 am
HONG KONG (AP) — Hong Kong’s leader Carrie Lam offered scant reassurance Tuesday over a new national security law that critics say undermines liberties and legal protections promised when China took control of the former British colony. A year ago, Hong Kong residents felt secure enough in their...
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European Commissioner for Economy Paolo Gentiloni speaks during a media conference on the summer 2020 economic forecast at EU headquarters in Brussels, Tuesday, July 7, 2020. (AP Photo/Virginia Mayo, Pool)
July 07, 2020 - 5:53 am
BRUSSELS (AP) — The European Union's executive arm forecasts that the bloc's economy will contract more than previously expected because of the coronavirus pandemic, which has caused lockdowns on business and public life that are only slowly being eased. The 27-nation EU economy will contract by 8...
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FILE - In this Nov. 30, 2016, file photo, investor Ray Washburne waits for an elevator in the lobby of Trump Tower in New York. As much as $273 million in federal coronavirus aid was awarded to more than 100 companies that are owned or operated by major donors to President Donald Trump's election efforts, according to an Associated Press analysis of federal data that was released Monday, July 6, 2020. Irving, Texas-based M Crowd Restaurant Group, which owns 27 Texas restaurants including the Mi Cocina chain, was approved for between $5 million and $10 million. Washburne, one of the company’s founders, was vice chairman of the Trump Victory Committee in 2016 and donated $100,000 to the PAC last August. The company did not respond to a request for comment. (AP Photo/Evan Vucci, File)
July 07, 2020 - 5:41 am
WASHINGTON (AP) — As much as $273 million in federal coronavirus aid was awarded to more than 100 companies that are owned or operated by major donors to President Donald Trump's election efforts, according to an Associated Press analysis of federal data. Many were among the first to be approved...
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Hong Kong Chief Executive Carrie Lam listens to reporters' questions during a press conference in Hong Kong, Tuesday, July 7, 2020. TikTok said Tuesday it will stop operations in Hong Kong, joining other social media companies in warily eyeing ramifications of a sweeping national security law that took effect last week.(AP Photo/Vincent Yu)
July 07, 2020 - 4:07 am
HONG KONG (AP) — TikTok said Tuesday it will stop operations in Hong Kong, joining other social media companies in warily eyeing ramifications of a sweeping national security law that took effect last week. The short-form video app's planned departure from Hong Kong comes as various social media...
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A woman looks out a window from a locked-down public housing tower in Melbourne, Monday, July 6, 2020. As Australia is emerging from pandemic restrictions, the Victoria state capital Melbourne is buckling down with more extreme and divisive measures that are causing anger and igniting arguments over who is to blame as the disease spreads again at an alarming rate. (AP Photo/Andy Brownbill)
July 07, 2020 - 3:54 am
MELBOURNE, Australia (AP) — Australia has been among the world’s most successful countries in containing its coronavirus outbreak — with one exception. The southeastern state of Victoria had some of the nation’s toughest pandemic measures and was among the most reluctant to lift its restrictions...
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