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WASHINGTON (AP) — The number of laid-off workers seeking unemployment benefits remained stuck at 1.3 million last week, an historically high level that indicates many companies are still cutting jobs as the viral outbreak intensifies.

The European Union’s top court ruled Thursday that an agreement that allows thousands of companies — from tech giants to small financial firms — to transfer data to the United States is invalid because the American government can snoop on people's data.

NEW YORK (AP) — Bank of America's second quarter profits were sawed in half and the consumer banking giant set aside billions of dollars to cover potentially bad loans caused by the pandemic.

LONDON (AP) — Unemployment across the U.K. has held steady during the coronavirus lockdown as a result of a government salary support scheme, but there are clear signals emerging that job losses will skyrocket over coming months to levels not seen since the 1980s.

BRUSSELS (AP) — There are limits to videoconferencing. When there is a lot of money at stake, people like to look each other in the eye.

BERLIN (AP) — Industrial conglomerate Siemens says it plans to allow more than 100,000 of its employees to work away from the office for two or three days a week on a permanent basis.

Shares retreated in Europe and Asia on Thursday as investors sold on worries Beijing might cut back on stimulus after China's economy returned to growth in the last quarter.

HONG KONG (AP) — A breach in Twitter’s security that allowed hackers to break into the accounts of leaders and technology moguls is one of the worst attacks in recent years and may shake trust in a platform politicians and CEOs use to communicate with the public, experts said Thursday.

BEIJING (AP) — China became the first major economy to grow since the start of the coronavirus pandemic, recording an unexpectedly strong 3.2% expansion in the latest quarter after anti-virus lockdowns were lifted and factories and stores reopened.

Unidentified hackers broke into the Twitter accounts of technology moguls, politicians, celebrities and major companies Wednesday in an apparent Bitcoin scam.

PHOENIX (AP) — Housing advocacy groups in Arizona have joined lawmakers in lobbying Gov. Doug Ducey to extend his coronavirus-related moratorium on evictions, which will expire next week and allow authorities to start removing hundreds of renters in a state that's a national hot spot for both infections and scorching summer weather.

NEW YORK (AP) — Walmart will require customers to wear face coverings at all of its namesake and Sam's Club stores, making it the largest retailer to introduce such a policy that has otherwise proven difficult to enforce without state and federal requirements.

DALLAS (AP) — American Airlines is notifying about 25,000 workers that their jobs could be eliminated in October because of plunging demand for air travel, adding to the toll that the virus pandemic is taking on the airline industry.

WASHINGTON (AP) — Two months after House Democrats approved a $3 trillion COVID-19 aid package, Senate Republicans are poised to unveil their $1 trillion counteroffer, straining to keep spending in check as the virus outbreak spreads and societal fallout deepens.

ATLANTA (AP) — President Donald Trump announced Wednesday that he is rolling back a foundational Nixon-era environmental law that he says stifles infrastructure projects, but that is credited with keeping big construction projects from fouling up the environment and ensuring there is public input on major projects.

NEW YORK (AP) — Ministers from the OPEC cartel have agreed to allow more oil to flow from the taps, saying demand for oil is growing as economies take steps to reopen.

WASHINGTON (AP) — The Federal Reserve says economic activity has picked up in most regions of the country but still remains well below pre-pandemic levels with the country facing high levels of uncertainty.

NEW YORK (AP) — It’s been the story for many a starry-eyed creative type looking for a big break in the Big Apple — wait tables to pay the bills while auditioning, performing, singing, painting, dancing, writing, whatever it takes to make the dreams of success come true.

NEW DELHI (AP) — Google plans to invest $4.5 billion in India’s Jio Platforms Ltd, the company announced Wednesday, taking a 7.7% stake in the digital services company owned by multi-billion dollar Reliance Industries.

PARIS (AP) — France’s new prime minister on Wednesday laid out 100 billion euros ($110 billion) in new spending to rescue the virus-battered economy from its worst crisis since World War II.

The sole miner of rare earths in the U.S. is becoming a public company amid elevated trade tensions with China, the dominant global supplier of the material used in everything from computers to cars.

WASHINGTON (AP) — Production at America's factories, utilities and mines surged last month, but remained well below pre-pandemic levels.

BRUSSELS (AP) — A European Union court on Wednesday delivered a hammer blow to the bloc’s attempts to rein in multinationals' ability to strike special tax deals with individual EU countries when it ruled that Apple does not have to pay 13 billion euros ($15 billion) in back taxes to Ireland.