6 former EPA bosses call for agency reset after election
Six former Environmental Protection Agency chiefs are calling for an agency reset after President Donald Trump’s regulation-chopping, industry-minded first term, backing a detailed plan by former EPA staffers that ranges from renouncing political influence in regulation to boosting climate-friendly electric vehicles.
Stocks rebound on Wall Street as S&P 500 nears record again
NEW YORK (AP) — Stocks are rebounding in early trading on Wall Street Wednesday, carrying the S&P 500 back toward the cusp of its record high.
UK records deepest recession among top economies
LONDON (AP) — Britain has suffered the deepest recession among the world’s top economies this year, shrinking by a fifth in the second quarter alone when much of the economy was mothballed as part of efforts to contain the coronavirus pandemic.
Companies test antibody drugs to treat, prevent COVID-19
With a coronavirus vaccine still months off, companies are rushing to test what may be the next best thing: drugs that deliver antibodies to fight the virus right away, without having to train the immune system to make them.
Microsoft back in the smartphone business with its new Duo
Microsoft is back to selling smartphones for the first time since it abandoned its mobile business more than four years ago. The company began taking orders Wednesday for the Surface Duo, a new dual-screen Android device that costs $1,399 and begins shipping in September.
US consumer prices rose 0.6% in July, matching June uptick
WASHINGTON (AP) — U.S. consumer prices jumped 0.6% in July as gasoline prices continued to rise. The Labor Department reported Wednesday that the increase last month in its consumer price index matched a 0.6% rise in June.
Media mogul Sumner Redstone dies at 97
Sumner Redstone, who built a media empire from his family's drive-in movie chain, has died. He was 97. ViacomCBS Inc., which he lead for decades, remembered Redstone for his “unparalleled passion to win, his endless intellectual curiosity, and his complete dedication to the company.” Redstone built the company through aggressive acquisitions, but many headlines with his name focused on severed ties with wives, actors and executives.
UK govt, Ben & Jerry's in spat over treatment of migrants
LONDON (AP) — Relations between the British government and ice cream maker Ben & Jerry’s chilled Wednesday in a spat over the treatment of migrants.
Shake Shack shrugs off trade war, opens outlet in Beijing
BEIJING (AP) — Antagonisms between China and the United States didn’t stop Beijing's burger lovers from standing in line for hours for a bite of Shake Shack's snacks.
Shares mostly lower in Asia after retreat on Wall Street
Shares were mostly lower in Asia on Wednesday after Wall Street pumped the brakes on its recent rally. Tokyo’s Nikkei 225 index edged higher while the Shanghai Composite sank 2%.
As Hong Kongers seek to emigrate, some simply can’t leave
HONG KONG (AP) — Pamela Lam’s 6-year-old son fell in love with the Hong Kong protest anthem, ‘Glory to Hong Kong’, the first time he heard it, and he loves singing it, at home, in the shower, and sometimes on the streets.
Appeals court tosses antitrust ruling against Qualcomm
SAN FRANCISCO (AP) — A federal appeals court has overturned an antitrust ruling against Qualcomm, dismissing arguments that it unlawfully squeezed out cellphone chip rivals and charged excessive royalties to manufacturers such as Apple.
Tesla boosts turbocharged stock with plan for 5-for-1 split
SAN RAMON, Calif. (AP) — Tesla will split its stock for the first time in its history so more investors can afford to buy a stake in the electric car pioneer following a meteoric rise in its market value.
Rising star in Detroit departs suddenly for Silicon Valley
SILVER SPRING, Md. (AP) — The chief financial officer at General Motors, Dhivya Suryadevara, is trading Detroit for Silicon Valley in a surprise departure to join the payments startup Stripe.
Facebook: Pandemic hurt enforcement on suicide, child nudity
OAKLAND, Calif. (AP) — Looks like the machines aren't ready to take over just yet. The COVID-19 pandemic affected Facebook’s ability to remove harmful and forbidden material from its platforms, the company said Tuesday.
Virus surge makes US weak link in global economic recovery
FRANKFURT, Germany (AP) — People in China are back to buying German luxury cars. Europe's assembly lines are accelerating. Now the global economy is waiting for the United States to get its coronavirus outbreak under control and boost the recovery, but there's little sign of that.
Some coffee with your coffee? Dunkin' launching cereal line
CANTON, Mass. (AP) — As if 2020 wasn’t weird enough, Dunkin’ is getting into the cereal game. The Massachusetts-based coffee and donuts empire is releasing two new breakfast cereals based on two of its most popular coffee drinks: Caramel Macchiato and Mocha Latte.
UK court says face recognition violates human rights
LONDON (AP) — The use of facial recognition technology by British police has violated human rights and data protection laws, a court said Tuesday, in a decision praised as a victory against invasive practices by the authorities.
Bumpy road ahead: UK bracing for big spike in unemployment
LONDON (AP) — The U.K. has kept a lid on its unemployment rate so far during the coronavirus pandemic but, scratch beneath the surface, there are worrying trends that will likely see the jobless total soaring by the end of the year.
US producer prices up 0.6% in July, biggest jump since 2018
WASHINGTON (AP) — U.S. wholesale prices shot up an unexpected 0.6% in July, biggest gain since October 2018, as energy prices moved sharply higher.
German authorities conduct raids in money laundering probe
BERLIN (AP) — German authorities raided an import-export company and the home of a businessman in the state of Brandenburg on Tuesday on suspicion he was involved in a scheme to launder millions of euros (dollars) for Russian criminals, prosecutors said.
Japan tech giant SoftBank's profits rise on investments
TOKYO (AP) — Japanese technology giant SoftBank Group Corp.'s said Tuesday that its profit rose 12% in April-June from a year earlier as its investments added to its coffers, including sales of its shares in U.S.
China auto sales rise in July, as market regains momentum
BEIJING (AP) — China’s auto sales rose by 16.4% in July over a year earlier to 2.1 million units in a sign of sustained recovery for the industry’s biggest global market, an industry group said Tuesday.
States strain to carry out Trump order on unemployment aid
RICHMOND, Virginia (AP) — Governors and state labor department officials were scrambling Monday to determine whether they could implement President Donald Trump’s executive order to partially extend unemployment assistance payments to millions of Americans struggling to find work in the pandemic-scarred economy.
California judge rules Uber, Lyft drivers are employees
SACRAMENTO, Calif. (AP) — A judge on Monday ordered ride-hailing giants Uber and Lyft to treat their California drivers as employees instead of independent contractors, a shift that would guarantee benefits like overtime, sick leave and expense reimbursement for workers who make up much of the freewheeling gig economy.