Category: Business News

Business News

Germany Toughens Rules for Travel From Spain, Netherlands | Business News

BERLIN (AP) — Germany is listing Spain and the Netherlands as “high-incidence areas,” meaning that most people arriving from those countries who aren’t fully vaccinated will have to go into quarantine from next week.

The national disease control center, the Robert Koch Institute, said Friday that the change will take effect on Tuesday.

The change of status in the middle of the summer travel season will inconvenience some people traveling from Spain, a hugely popular tourist destination for Germans, and likely put off more would-be vacationers.

Spain and the Netherlands were already on a list of “risk areas,” the lowest

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Business News

BizHawk: Timbers Restaurant Returning to Western Goleta After 15-Year Hiatus | Business

BizHawk is published weekly, and includes items of interest to the business community. Share your business news, including employee announcements and personnel moves, by emailing [email protected].

An iconic restaurant is returning to western Goleta.

Timbers Restaurant is set to reopen in August after a 15-year hiatus. 

New owners Kim and Gino Stabile, along with business partner Sandy Boyd, have been restoring the site at 10 Winchester Canyon Road. Eventually, one side of the restaurant will open after 4 p.m. and serve dinner, with the other side more of a casual atmosphere open during the day. The patio will

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Business News

Asian Markets Mixed After Modest Gains on Wall St | Business News

By ELAINE KURTENBACH, AP Business Writer

BANGKOK (AP) — Asian markets were mixed on Friday after major indexes edged higher on Wall Street, preserving their gains for the week.

Hong Kong and Shanghai fell while Sydney and Seoul advanced. Tokyo was closed for a holiday.

Surges in coronavirus cases around the region are prompting governments to tighten pandemic restrictions that are expected to slow business activity and keep travel to a minimum.

Thailand reported a daily record of 14,575 cases, with 114 deaths, as a stricter set of limits went into effect in many areas. The central bank, meanwhile, has

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Business News

Unilever CEO: Company ‘Fully Committed’ to Israeli Business | Business News

By JOSEF FEDERMAN, Associated Press

JERUSALEM (AP) — The chief executive of Unilever on Thursday said the global consumer goods giant remains “fully committed” to doing business in Israel, distancing himself from this week’s announcement by the company’s Ben & Jerry’s ice cream brand to stop serving Israeli settlements in the occupied West Bank and contested east Jerusalem.

But CEO Alan Jope gave no indication that Unilever would force Ben & Jerry’s to roll back its controversial decision.

The Ben & Jerry’s announcement is one of the strongest steps by a well-known company against Israel’s settlements, which are widely seen

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CSX 2Q Profit More Than Doubled as Railroad Hauled 27% More | Business News

By JOSH FUNK, AP Business Writer

OMAHA, Neb. (AP) — CSX railroad’s second-quarter profit more than doubled as the economy continued to rebound from the depths of the coronavirus pandemic and it hauled 27% more freight than a year ago.

The Jacksonville, Florida-based railroad said Wednesday that it earned $1.17 billion, or 52 cents per share, during the quarter. The results included a one-time boost of 12 cents per share related to a $349 million sale of property rights to the state of Virginia.

The adjusted results of 40 cents a share topped the average estimate of six analysts surveyed

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China Rejects Hacking Charges, Accuses US of Cyberspying | Business News

By JOE McDONALD, Associated Press

BEIJING (AP) — China on Tuesday rejected an accusation by Washington and its Western allies that Beijing is to blame for a hack of the Microsoft Exchange email system and complained Chinese entities are victims of damaging U.S. cyberattacks.

A foreign ministry spokesman demanded Washington drop charges announced Monday against four Chinese nationals accused of working with the Ministry of State Security to try to steal U.S. trade secrets, technology and disease research.

The announcement that the Biden administration and European allies formally blame Chinese government-linked hackers for ransomware attacks increased pressure over long-running complaints

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