US hiring slows sharply to 245,000 jobs as virus intensifies
WASHINGTON (AP) — America’s employers sharply scaled back their hiring last month as the viral pandemic accelerated across the country, adding 245,000 jobs, the fewest since April and the fifth straight monthly slowdown.
Wall Street heads back toward highs despite dour jobs report
NEW YORK (AP) — U.S. stocks are ticking higher and heading back toward record highs on Friday, despite discouraging data detailing how much damage the deepening pandemic is doing to the job market.
Mining giant Glencore lays out climate plan as CEO retires
BERLIN (AP) — Mining giant Glencore said Friday that it aims to stop adding greenhouse gas emissions to the atmosphere by 2050. The Anglo-Swiss company, which is one of the world's biggest miners of coal, said it plans to cut emissions from all parts of its business by 40% in the next 15 years compared with 2019 levels, before going to ‘net zero’ by mid-century.
As hospitals cope with a COVID-19 surge, cyber threats loom
BURLINGTON, Vt. (AP) — By late morning on Oct. 28, staff at the University of Vermont Medical Center noticed the hospital’s phone system wasn’t working.
Norway's deputy central bank chief resigns over China ties
COPENHAGEN, Denmark (AP) — The deputy governor of Norway’s central bank is stepping down with immediate effect after he was not granted a new security clearance because he has ties to China via his wife.
Japan PM pledges $19B to promote ecological businesses
TOKYO (AP) — Japanese Prime Minister Yoshihide Suga pledged a 2 trillion yen ($19 billion) fund on Friday to promote ecological businesses and innovation to achieve his goal of zero net carbon emissions by 2050.
US trade deficit rises 1.7% to $63.1 billion in October
WASHINGTON (AP) — The U.S. trade deficit widened 1.7% in October to $63.1 billion. The politically sensitive gap in the trade of goods with China and Mexico grew.
Denmark to end oil, gas extraction in North Sea
COPENHAGEN, Denmark (AP) — Denmark has decided to end all oil and gas activities in the North Sea by 2050 and has cancelled its latest licensing round, saying the country is "now putting an end to the fossil fuel era.” The Danish Parliament voted late Thursday to end offshore gas and oil extraction, which had started in 1972 and made the country the largest producer in the European Union.
Fishing holds key to Brexit trade deal as talks drag on
BRUSSELS (AP) — As Brexit talks enter their decisive final days, there’s still a big catch: the fishing industry. It is holding up the trade deal between the European Union and recently departed Britain, putting at risk hundreds of thousands of jobs and tens of billions of euros in annual production losses.
Optimism growing for COVID-19 relief bill as pressure builds
WASHINGTON (AP) — Optimism about delivering long-sought COVID-19 relief is building on Capitol Hill after additional rank-and-file lawmakers voiced support for a bipartisan, middle-of-the-road plan taking shape in the Senate and as top congressional leaders connected on the topic for the first time in months.
US adds Chinese chipmaker, oil giant to security blacklist
BEIJING (AP) — The U.S. government has stepped up a feud with Beijing over security by adding China’s biggest maker of processor chips and a state-owned oil giant to a blacklist that limits access to American technology and investment.
Asian stocks mixed after Wall St slips near record high
BEIJING (AP) — Asian stock markets followed Wall Street lower Friday after Pfizer Inc. cut the number of doses of a planned coronavirus vaccine it might ship this year.
Automakers prep for stronger mileage standards under Biden
DETROIT (AP) — Now that it's clear Joe Biden soon will be president, the fight over automobile pollution and fuel efficiency standards is likely to peter out, and U.S.
Southwest warns nearly 7,000 workers of possible furloughs
DALLAS (AP) — Southwest Airlines warned nearly 7,000 workers on Thursday that they could lose their jobs unless labor unions accept concessions to help the airline cope with a sharp drop in travel caused by the pandemic.
Govt accuses Facebook of discriminating against US workers
WASHINGTON (AP) — The Trump administration is accusing Facebook in a lawsuit of discriminating against U.S. workers in favor of foreigners with special visas to fill more than 2,600 high-paying jobs.
Senate confirms Christopher Waller to serve on Fed's board
WASHINGTON (AP) — The Senate on Thursday narrowly confirmed the nomination of Christopher Waller for the Federal Reserve's Board of Governors, placing another of President Donald Trump's picks on the Fed's influential board after a string of high-profile rejections.
Boeing gets a boost from Ryanair order for 75 more Max jets
Irish budget airline Ryanair said Thursday it is ordering 75 more Boeing 737 Max jets, a boost for Boeing just before its most important plane returns to flying after two deadly crashes.
OPEC, Russia to nudge up oil output after hit from pandemic
FRANKFURT, Germany (AP) — OPEC and allied countries including Russia agreed Thursday to increase oil production by 500,000 barrels a day from January and said they would meet monthly to decide further output levels, gingerly adding more crude to a global economy still suffering from the COVID-19 pandemic.
Phishing ploy targets COVID-19 vaccine distribution effort
BOSTON (AP) — IBM security researchers say they have detected a cyberespionage effort using targeted phishing emails to try to collect vital information on the World Health Organization's initiative for distributing COVID-19 vaccine to developing countries.
As some pandemic aid ends, what's next for hurting Americans
Americans who struggled through 2020 could face more hardship in the year ahead as pandemic related payments and protections come to an end.
US long-term mortgage rates edge lower; 30-year at 2.71%
WASHINGTON (AP) — U.S. long-term mortgage rates edged lower this week, reaching record lows for the 14th time this year against the backdrop of the pandemic-ravaged economy.
US service sector growth slows for 2nd straight month
SILVER SPRING, Md. (AP) — The U.S. services sector, where most Americans work, registered its sixth consecutive month of expansion in November.
Biden is facing high hopes, tough choices on border wall
LOS EBANOS, Texas (AP) — The U.S. government has been trying to take Pamela Rivas' land for a border wall since before Joe Biden was vice president.
Facebook to remove COVID-19 vaccine-related misinformation
LONDON (AP) — Facebook said Thursday it will start removing false claims about COVID-19 vaccines, in its latest move to counter a tide of coronavirus-related online misinformation.
Turkey announces vaccination plan for Chinese CoronaVac
ISTANBUL (AP) — Turkey’s health minister has announced a plan to start using an experimental Chinese COVID-19 vaccine later this month amid a surge in infections and deaths.