BUSINESS

Tokyo surges to 30-year high as world shares rally

World shares started the week off with a rally, as Japan’s Nikkei 225 index closed above 30,000 for the first time since August 1990.

European… Read more

Airlines push White House to reject testing for US flights

Leaders of several major U.S. airlines met online Friday with White House officials to press their case against requiring coronavirus tests for passengers… Read more

GM 2020 profit drops, but it makes $6.43B despite pandemic

General Motors’ profit fell 4.5% in 2020, but a strong second half more than offset the effects of pandemic-related factory closures and a costly air… Read more

Global stocks mixed on optimism over recovery, stimulus

Global stock markets were mixed Tuesday after another record-setting rally on Wall Street.

London and Frankfurt opened lower, while Shanghai,… Read more

German exports down 9.3% last year, biggest fall since 2009

Germany’s exports plunged by 9.3% last year as the coronavirus pandemic dragged down demand, the biggest drop since the financial crisis in 2009, official… Read more

Nissan stays in red ink amid pandemic, Japan criminal trial

Japanese automaker Nissan reported Tuesday losses for the fiscal third quarter, as its sales were hit by the coronavirus pandemic and its brand image… Read more

GameStop’s stupefying stock rise doesn’t hide its reality

 Behind GameStop’s stock surge is the grim reality of its prospects: The video game retailer is floundering even as the industry around it is booming.

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Jeff Bezos, Amazon’s founder, will step down as CEO

Jeff Bezos, who founded Amazon as an online bookstore and built it into a shopping and entertainment behemoth, will step down later this year as CEO,… Read more