Eurozone growth soars record 12.7% but fears grow for winter
FRANKFURT, Germany (AP) — The European economy grew by an unexpectedly large 12.7% in the third quarter as companies reopened after severe coronavirus lockdowns, but the rebound is being overshadowed by worries that growing numbers of infections will cause a new downturn in the final months of the year.
Global shares fall back after Wall Street rebound
BEIJING (AP) — Global stocks and U.S. futures sank Friday as investors looked ahead to next week's American presidential election and weighed the chances of economic aid from Washington and Europe.
Japan picks Mitsubishi Heavy to develop own stealth fighter
TOKYO (AP) — Japan has picked Mitsubishi Heavy Industries as a main contractor to develop the country's own next generation stealth fighter for launch in the 2030s, the defense minister said Friday.
Report: Fugitive tech boss was Austrian spy agency informant
BERLIN (AP) — German media report that a fugitive former top executive of payment company Wirecard was an informant for the Austrian spy agency BVT.
West Virginia voters laud Trump for trying to save coal
DANVILLE, W.Va. (AP) — As a laid off coal mine electrician, Nolan Triplett doesn't think his industry will ever return to the heady days when it powered America and offered generations of Appalachians a chance at a middle class life.
Chinese promise market opening amid technology push
BEIJING (AP) — China will promote “technological self-reliance” under the ruling Communist Party’s latest five-year plan but will open further to trade, officials said Friday.
Asian shares fall back after Wall Street rebound
BEIJING (AP) — Asian stocks sank Friday as investors looked ahead to next week's U.S. presidential election and weighed the chances of economic stimulus from Washington and Europe.
Trump's diversity training order faces lawsuit
New York (AP) — Three civil rights groups filed a lawsuit Thursday challenging President Donald Trump's executive order that prohibits federal agencies, contractors and grant recipients from offering certain diversity training that the president deems “anti-American."
FBI warns ransomware assault threatens US health care system
BOSTON (AP) — Federal agencies warned that cybercriminals could unleash a wave of data-scrambling extortion attempts against the U.S.
Tech giants report strong results, but murky outlooks
Five technology giants reported strong earnings but mixed outlooks Thursday, a sign of varying fortunes as they work to rebound from a pandemic-related economic slowdown earlier this year.
JetBlue is the latest airline to retreat from blocking seats
The days of airlines blocking seats to make passengers feel safer about flying during the pandemic are coming closer to an end. JetBlue is the latest to indicate it is rethinking the issue.
Walmart removes guns, ammunition on display at U.S. stores
NEW YORK (AP) — Walmart says it has removed ammunition and firearms from displays at its U.S. stores, citing “civil unrest" in some areas.
Fair housing groups: Redfin 'redlines' minority communities
SEATTLE (AP) — Several fair housing organizations accused Redfin of systematic racial discrimination in a lawsuit Thursday, saying the online real estate broker offers fewer services to homebuyers and sellers in minority communities — a type of digital redlining that has depressed home values and exacerbated historic injustice in the housing market.
Surge in virus threatens to reverse global economic rebounds
WASHINGTON (AP) — The resurgence of coronavirus cases engulfing the United States and Europe is imperiling economic recoveries on both sides of the Atlantic as millions of individuals and businesses face the prospect of having to hunker down once again.
San Francisco curbs virus but once-vibrant downtown is empty
SAN FRANCISCO (AP) — Before the pandemic, Señor Sisig food trucks were a common sight in downtown San Francisco, dishing out Filipino fusion tacos and burritos to long lines of workers who spilled out of office towers at lunch.
US long-term mortgage rates flat this week; 30-year at 2.81%
WASHINGTON (AP) — U.S. long-term mortgage rates were little changed this week after marking a new all-time low last week. Home loan rates have declined through the year amid economic anxiety in the recession set off by the coronavirus pandemic.
Wall Street soared under Trump, but it's been a rocky ride
NEW YORK (AP) — The last four years have been good for stocks, with the S&P 500 climbing more than 50% and many 401(k) balances looking healthier, as President Donald Trump likes to point out so often.
Trump rule says health plans must disclose costs up front
WASHINGTON (AP) — Trying to pull back the veil on health care costs to encourage competition, the Trump administration on Thursday finalized a requirement for insurers to tell consumers up front the actual prices for common tests and procedures.
Pending home sales cool in September, down 2.2%
CHARLOTTE, N.C. (AP) — The pending sales of existing homes fell 2.2% in September, the National Association of Realtors said Thursday, the first monthly contraction of that figure in four months.
Largest luxury deal back on, Tiffany agrees to lower price
NEW YORK (AP) — The largest deal in luxury is back on after New York's famed jeweler Tiffany agreed to a slightly reduced offering price from LVMH in Paris.
Jobless claims fall to 751,000, but new infections a threat
WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week to 751,000, the lowest since March, but it's still historically high and indicates the viral pandemic is forcing many employers to cut jobs.
Airbus reports new pandemic losses, but stops bleeding cash
PARIS (AP) — Struggling plane maker Airbus says new European virus lockdown measures are making its life “a bit more difficult,” as it announced 1 billion euros ($1.16 billion) in pandemic-related losses for the third quarter Thursday amid a slower-than-expected recovery in air travel.
UN weather agency: Moderate to strong La Nina this year
BERLIN (AP) — The La Nina climate phenomenon has developed and is expected to last into next year, affecting temperatures, precipitation and storm patterns across the world, the U.N.
China's leaders vow to become self-reliant technology power
BEIJING (AP) — China’s leaders are vowing to make their country a self-reliant “technology power” as a feud with Washington cuts access to U.S.
UK's Lloyds bank returns to profit on housing market rebound
LONDON (AP) — British's Lloyds Banking Group returned to profit in the third quarter of the year as it benefited from a rebound in the housing market after the coronavirus lockdown of the spring was eased.