National Business - The Morning Sun

FILE - A huge publicity billboard is seen in downtown Milan, Italy, on Dec. 30, 2015. Italy’s anti-trust authority has opened an investigation into allegations that Apple is abusing its dominant position in the app market, officials said Thursday, May 11, 2023. (AP Photo/Antonio Calanni)

Italy's antitrust watchdog probes Apple over competition in app market

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Italy’s antitrust authority has announced a probe into allegations that Apple is abusing its dominant position in the app market, thwarting competition. The authority alleges that Apple’s privacy … more

5/11/23

FILE - A man walks past a SoftBank shop in Tokyo on July 29, 2021. Japanese technology investor SoftBank Group reported Thursday, May 11, 2023, a loss of 970 billion yen ($7 billion) for the fiscal year that just ended — the second year in a row of red ink. (AP Photo/Eugene Hoshiko, File)

Japan tech investor SoftBank sinks into second year of losses

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Japanese technology investor SoftBank Group is reporting a loss of 970 billion yen, or $7 billion, for the fiscal year that just ended. That's the second year in a row of red ink. Tokyo-based … more

By YURI KAGEYAMA | 5/11/23

Police emergency vehicles are parked at a Mercedes-Benz plant in Sindelfingen, Germany, Thursday May 11, 2023.. A man opened fire at a Mercedes-Benz factory in southwestern Germany on Thursday, leaving one person dead and another person seriously wounded, German prosecutors confirmed. (Julian Rettig/dpa via AP)

Shooting at Mercedes factory in Germany leaves 2 dead

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German authorities say a man opened fire at a Mercedes-Benz factory in southwestern Germany leaving two people dead. The shooting occurred at a factory Sindelfingen, a city near Stuttgart. Police … more

5/11/23

FILE - Environmental Protection Agency administrator Michael Regan testifies on Capitol Hill, March 22, 2023, in Washington. The Biden administration is proposing new limits on greenhouse gas emissions from coal and gas-fired power plants, its most ambitious effort yet to roll back planet-warming pollution from the nation's second-largest contributor to climate change. A rule to be unveiled Thursday, May 11 by the EPA could force power plants to capture smokestack emissions using a technology that has long been promised but is not in widespread use in the U.S. (AP Photo/Jose Luis Magana. File)

In major climate step, EPA proposes 1st limits on greenhouse gas emissions from power plants

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The Biden administration is proposing new limits on greenhouse gas emissions from coal and gas-fired power plants, its most ambitious effort yet to reduce planet-warming pollution from the nation’s … more

By MATTHEW DALY | 5/11/23

U.S. Treasury Secretary Janet Yellen takes questions from journalists during a press conference, at the G7 meeting of Finance Ministers and Central Bank Governors, at Toki Messe in Niigata, Japan, Thursday, May 11, 2023. (AP Photo/Shuji Kajiyama, Pool)

Yellen: Different system needed to end repeated standoffs over US debt ceiling

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Treasury Secretary Janet Yellen says that in her personal opinion, the United States should adopt a different system for national finances that might forestall repeated standoffs with Congress over … more

By ELAINE KURTENBACH | 5/11/23

FILE - Text from the ChatGPT page of the OpenAI website is shown in this photo, in New York, Feb. 2, 2023. European lawmakers have rushed to add language on general artificial intelligence systems like ChatGPT as they put the finishing touches on the Western world's first AI rules. (AP Photo/Richard Drew, File)

How Europe is building artificial intelligence guardrails

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Authorities around the world are racing to draw up rules for artificial intelligence, including in the European Union, where draft legislation faces a pivotal moment. A European Parliament committee … more

By KELVIN CHAN | 5/11/23

FILE - A woman walks in front of the Bank of England, at the financial district in London, on March 23, 2023. The Bank of England is set to raise interest rates later Thursday to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K. (AP Photo/Kin Cheung, File)

Bank of England set to raise UK interest rates to highest level since 2008

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The Bank of England is set to raise interest rates to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K. Financial markets expect the bank’s … more

By PAN PYLAS | 5/11/23

Copies of the Chinese-language newspaper Ming Pao and a cartoon by Wong Kei-kwan is set up for a photo in Hong Kong, Thursday, May 11, 2023. A Hong Kong newspaper will stop publishing works by the city's most prominent political cartoonist after his drawings drew government complaints, in another example of hushed speech and media voices after a Beijing-led crackdown. (AP Photo/Kanis Leung)

Hong Kong newspaper Ming Pao to stop publishing political cartoon Zunzi after government complaints

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A Hong Kong newspaper will stop publishing works by the city’s most prominent political cartoonist after his drawings drew government complaints. Chinese-language newspaper Ming Pao did not … more

By KANIS LEUNG | 5/11/23

G7 finance ministers tackle global economic challenges as Yellen seeks to reassure on debt standoff

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The financial leaders of the Group of Seven wealthy nations are meeting in Japan as a standoff over the U.S. debt ceiling looms as one of the biggest potential threats to the global economy. Treasury … more

By ELAINE KURTENBACH | 5/10/23

South Korean President Yoon Suk Yeol, center, speaks during a meeting of the Central Disaster and Safety Countermeasures Headquarters about measures to deal with the coronavirus pandemic at the presidential office in Seoul, South Korea, Thursday, May 11, 2023. South Korea will drop its COVID-19 quarantine requirements and end testing recommendations for international arrivals starting next month after the World Health Organization declared the end of the global health emergency. (Yonhap via AP)

South Korea to lift quarantine mandate for COVID-19 and end testing recommendation for travelers

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South Korea will drop its COVID-19 quarantine requirements and end testing recommendations for international arrivals starting June 1. In lowering the coronavirus alert level from “critical” to … more

5/10/23

Delaware judge refuses to dismiss Facebook shareholder suit over user data privacy breaches

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A Delaware judge has refused to dismiss a shareholder lawsuit alleging that Facebook officers and directors violated both the law and their fiduciary duties in failing for years to protect the … more

By RANDALL CHASE | 5/10/23

Attorney Gail Evans, of the Center for Biological Diversity's Climate Law Institute, speaks about pollution from oil and natural gas development and frustration with state oversight of the industry outside the state First District Court in Santa Fe, N.M., on Wednesday, May 10, 2023. The nation's No. 2 oil-producing state is being sued on allegations that it failed to meet constitutional provisions meant to protect against pollution from the industry. Plaintiffs include Native American residents of oil-producing regions of New Mexico. (AP Photo/Morgan Lee)

New Mexico constitution focus of legal fight over oil and gas drilling

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The nation's No. 2 oil-producing state is being sued over its alleged failure to meet constitutional provisions meant to protect against pollution from the industry. A coalition of environmental … more

By SUSAN MONTOYA BRYAN | 5/10/23

FILE - A Norfolk Southern freight train makes it way through Homestead, Pa. on April 27, 2022. Norfolk Southern reports earnings on Wednesday, April 26, 2023. (AP Photo/Gene J. Puskar, File)

Senate panel OKs rail-safety bill; railroad vows to help homeowners affected by Ohio derailment

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A Senate panel has approved a rail-safety measure in response to the train derailment earlier this year in East Palestine, Ohio. The Senate Commerce Committee voted to send the bill to the full … more

By DAVID KOENIG and MICHELLE CHAPMAN | 5/10/23

FILE - People visit the Magic Kingdom Park at Walt Disney World Resort in Lake Buena Vista, Fla., April 18, 2022. Ongoing strength at its theme parks and an improving streaming business propelled The Walt Disney Co. to higher profits and revenue in its fiscal second quarter in 2023. (AP Photo/Ted Shaffrey, File)

Disney posts higher second-quarter earnings and revenue thanks to strong theme parks business

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Ongoing strength at its theme parks and an improving streaming business propelled The Walt Disney Co. to higher profits and revenue in its fiscal second quarter. For the three months ended April 1, … more

By MICHELLE CHAPMAN and BARBARA ORTUTAY | 5/10/23

FILE - Beyond Meat products are seen in a refrigerated case inside a grocery store in Mount Prospect, Ill., Feb. 19, 2022. Beyond Meat said Wednesday, May 10, 2023, that its first-quarter revenue fell nearly 16% due to lower demand in most markets for its plant-based burgers, sausages and other products. (AP Photo/Nam Y. Huh, File)

Beyond Meat revenue falls 16% in the first quarter due to weak consumer demand

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Beyond Meat says its first-quarter revenue fell nearly 16% due to lower demand in most markets for its plant-based burgers, sausages and other products. Beyond Meat’s U.S. retail sales fell 35% … more

By DEE-ANN DURBIN | 5/10/23

Wrexham co-owner Ryan Reynolds signs autographs ahead of the National League soccer match between Wrexham and Boreham Wood at The Racecourse Ground, in Wrexham, Wales, Saturday April 22, 2023. (Martin Rickett/PA via AP)

Why Ryan Reynolds, Snoop Dogg, other celebrities want to buy the Ottawa Senators

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Multiple celebrities are in the mix for a minority ownership stake in the NHL’s Ottawa Senators. Experts say the prospect would lift the team’s profile to new heights. It is also seen as a safe … more

5/10/23

FILE - The federal Reserve building, center, rises high over the skyline of Richmond, Va., on Dec. 4, 2017. Inflation remains “stubbornly high” and is no longer making much progress toward the Federal Reserve's 2% target, according to President of the Federal Reserve Bank of Richmond Tom Barkin Wednesday, May 10, 2023, hours after price data for April were released. (AP Photo/Steve Helber, File)

Fed's Barkin: Inflation still 'stubbornly high' and isn't easing fast enough toward 2% target

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Inflation remains “stubbornly high” and is no longer making much progress toward the Federal Reserve’s 2% target, a top Fed official said Wednesday, hours after price data for April were … more

By CHRISTOPHER RUGABER | 5/10/23

Alphabet CEO Sundar Pichai speaks at a Google I/O event in Mountain View, Calif., Wednesday, May 10, 2023. (AP Photo/Jeff Chiu)

Google is giving its dominant search engine an artificial-intelligence makeover

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Google has disclosed plans to infuse its dominant search engine with more advanced artificial-intelligence technology. The effort is in response to one of the biggest threats to its long-established … more

By MICHAEL LIEDTKE | 5/10/23

This illustration provided by Perrigo in May 2023, depicts proposed packaging for the company's birth control medication Opill. Federal health advisers said Wednesday, May 10, 2023, that the decades-old birth control pill should be sold without a prescription, paving the way for a likely U.S. approval of the first over-the-counter contraceptive medication. (Perrigo via AP)

FDA panel backs over-the-counter birth control pill

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Federal health advisers are recommending that a decades-old birth control pill be sold without a prescription. The positive vote on Wednesday by a Food and Drug Administration panel paves the way for … more

By MATTHEW PERRONE | 5/10/23

FILE - Kemi Badenoch, Britain's Secretary of State for International Trade and President of the Board of Trade, Minister for Women and Equalities leaves after attending a cabinet meeting in Downing Street in London, on Jan. 17, 2023. The U.K. government on Wednesday May 10, 2023 scrapped plan to remove all remaining EU laws, some 4,000 in all, from British statute books by the end of this year — a post-Brexit goal that critics said was rash and unachievable. Badenoch said in a written statement that the government would instead draw up a list of about 600 specific laws that would be revoked. (AP Photo/Kirsty Wigglesworth, File)

UK ditches post-Brexit plan to scrap thousands of EU laws by year's end

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The U.K. government has scrapped plan to remove all remaining EU laws from British statute books by the end of this year. Business Secretary Kemi Badenoch said Wednesday that the government would … more

By JILL LAWLESS | 5/10/23