Asia Today: Australia outbreak slows, New Zealand cases grow
National Business News

Asia Today: Australia outbreak slows, New Zealand cases grow

The coronavirus outbreak centered in Australia’s second-largest city showed a decline in new infections, though the state’s leader urged continued vigilance

In a first, Airbnb takes action against guest for party
National Business News

In a first, Airbnb takes action against guest for party

For the first time, Airbnb is taking legal action against a guest for violating its ban on unauthorized parties

Business

The Pier closes permanently

The Pier restaurant announced that it will not reopen. The restaurant at 401 Bonansinga Drive said on its Facebook page that it would close permanently thanking it's customers for their support over the years.

Virus surge makes US weak link in global economic recovery
National Business News

Virus surge makes US weak link in global economic recovery

The world is rebounding from the coronavirus shutdowns

US producer prices up 0.6% in July, biggest jump since 2018
National Business News

US producer prices up 0.6% in July, biggest jump since 2018

U.S. wholesale prices shot up an unexpected 0.6% in July, biggest gain since October 2018 on a big increse in energy prices

Asia Today: New Zealand reports 1st local cases in 102 days
National Business News

Asia Today: New Zealand reports 1st local cases in 102 days

New Zealand Prime Minister Jacinda Ardern says authorities have found four cases of the coronavirus in one Auckland household from an unknown source, the first reported cases of local transmission in the country in 102 days

World shares march higher as S&P 500 nears all-time record
National Business News

World shares march higher as S&P 500 nears all-time record

Shares are higher in Europe after a day of gains for most Asian markets

Japan tech giant SoftBank's profits rise on investments
National Business News

Japan tech giant SoftBank's profits rise on investments

Japanese technology giant SoftBank Group Corp. says its April-June profit rose 12% as its investments added to its coffers, including sales of its shares in U.S. carrier T-Mobile

China auto sales rise in July, as market regains momentum
National Business News

China auto sales rise in July, as market regains momentum

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

Malaysia's ex-finance minister, wife charged with graft
National Business News

Malaysia's ex-finance minister, wife charged with graft

Malaysia’s former finance minister accused the government of taking political vengeance after a third graft charge was filed against him and his wife was charged with money laundering