National Business - The Morning Sun

FILE - Music mogul and entrepreneur Sean "Diddy" Combs arrives at the Billboard Music Awards in Las Vegas on May 15, 2022. Spirits giant Diageo says it’s cutting ties with Combs following his move to sue the company over allegations of racism in the handling of his liquor brands, according to a Tuesday, June 27, 2023 court filing. (Photo by Jordan Strauss/Invision/AP, File)

Sean "Diddy" Combs' dispute with Diageo deepens as court unseals business details

Exclusive subscriber content

Rapper and entrepreneur Sean “Diddy” Combs is asking the New York Supreme Court to enforce a 2021 agreement that requires Diageo to treat his DeLeon tequila brand “at least as favorably” as … more

By DEE-ANN DURBIN | 7/5/23

File - Federal Reserve Chair Jerome Powell attends a news conference following a Federal Open Market Committee meeting, Wednesday, June 14, 2023, at the Federal Reserve Board Building in Washington. On Wednesday, the Federal Reserve releases minutes from its June meeting when it chose not to raise its benchmark borrowing rate for the first time in 15 months in its fight against inflation. (AP Photo/Jacquelyn Martin, File)

Federal Reserve minutes: Some officials wanted to raise interest rates last month

Exclusive subscriber content

Some Federal Reserve officials pushed to raise the Fed’s key interest rate by one-quarter of a percentage point at their meeting last month to intensify their fight against high inflation, though … more

By CHRISTOPHER RUGABER | 7/5/23

FILE - A Stellantis sign is seen outside the Chrysler Technology Center, Jan. 19, 2021, in Auburn Hills, Mich. Stellantis says that when it starts to sell compact and midsize electric vehicles off new underpinnings next year, they will be able to go up to 435 miles (700 kilometers) per charge. The company made the claim Wednesday, July 5, 2023, as it unveiled its new medium-sized platform designed for the purpose of housing battery packs and electric drive trains. (AP Photo/Carlos Osorio, File)

Stellantis says new small- and medium-sized electric vehicles will get up to 435 miles per charge

Exclusive subscriber content

Stellantis says that when it starts to sell compact and midsize electric vehicles off new underpinnings next year, they will be able to go up to 435 miles (700 kilometers) per charge. The company … more

7/5/23

A United Parcel Service delivery driver steers his truck, Friday, June 30, 2023, in the East Boston neighborhood of Boston. Frustrated by what he called an "appalling counterproposal" earlier this week, Teamsters General President Sean O'Brien, the head of the union representing 340,000 UPS workers, said a strike now appears inevitable and gave the shipping giant a Friday deadline to improve its offer. (AP Photo/Michael Dwyer)

Stalemate: UPS, Teamsters contract talks break down with each side blaming the other

Exclusive subscriber content

Contract negotiations between UPS and the union representing 340,000 of the company’s workers broke down early Wednesday morning with each side blaming the other for walking away from talks. In … more

By MATT OTT | 7/5/23

FILE - Graffitis reading "down with the official version, right, and "State responsible" are seen on the basement of the statue of French military commander Joseph Gallieni, outside the Invalides monument, right, Tuesday, June 16, 2020 in Paris. Gallieni began a colonial career at the end of the 19th century and later played an important role during First World War as a military governor of Paris. France's highest court has rejected a request by three groups seeking reparations for slavery in a case that originated on the French Caribbean island of Martinique. The court's decision on Wednesday July 5, 2023 said no individual produced evidence showing they had "suffered individually" any damage from the crimes that their ancestors had been subjected to. (AP Photo/Christophe Ena, File)

France's Supreme Court rejects groups' request for slavery reparations in case from Martinique

Exclusive subscriber content

France’s highest court has rejected a request by three groups seeking reparations for slavery in a case that originated on the French Caribbean island of Martinique. The court’s decision on … more

By CARA ANNA | 7/5/23

German Chancellor Olaf Scholz speaks during a meeting of the German federal parliament, Bundestag, at the Reichstag building in Berlin, Germany, Wednesday, July 5, 2023. (AP Photo/Michele Tantussi)

German Cabinet approves a lower 2024 budget as it eyes a return to financial 'normality'

Exclusive subscriber content

Germany’s Cabinet has approved a draft 2024 budget that foresees lower spending with defense among the exceptions. It comes as Europe’s biggest economy sticks to rules limiting borrowing that … more

7/5/23

Players and staff of the New York Liberty WNBA basketball team wait to board buses at Harry Reid International Airport, Wednesday, June 28, 2023, in Las Vegas. The New York Liberty had a 13-hour travel day from Connecticut to Las Vegas during its recent three-game road trip, which required two bus rides, two commercial flights and a few hours in three airports. (AP Photo/John Locher)

Layover, cramped seating, security lines: A day with players on a WNBA commercial flight

Exclusive subscriber content

The New York Liberty had a 13-hour travel day from Connecticut to Las Vegas during a recent three-game road trip. The Associated Press accompanied the team on the trip, which required two bus rides, … more

By DOUG FEINBERG | 7/5/23

Iran tried to seize 2 oil tankers near Strait of Hormuz and fired shots at one of them, US Navy says

Exclusive subscriber content

The U.S. Navy says Iran tried to seize two oil tankers near the strategic Strait of Hormuz, firing shots at one of them. It says that in both incidents early Wednesday the Iranian naval vessels … more

7/5/23

FILE - Morgan Pressel reads a green on The Hay short course during the celebrity challenge event of the AT&T Pebble Beach Pro-Am golf tournament in Pebble Beach, Calif., Feb. 2, 2022. Pressel considered extending her playing career so that she would have the opportunity to play in this week's U.S. Women's Open at Pebble Beach. Pressel is going into her third Women's Open as NBC's analyst. (AP Photo/Eric Risberg, File)

Morgan Pressel makes transition from 18th green to 18th tower for NBC

Exclusive subscriber content

Morgan Pressel considered extending her playing career so she would have the opportunity to play in this week’s U.S. Women’s Open at Pebble Beach. Even though she stopped playing two years ago, … more

By JOE REEDY | 7/5/23

The mother of a student whose confidential sexual assault complaint was released online stands outside the Minneapolis Public Schools offices, Thursday, June 1, 2023, in Minneapolis. Ransomware gangs have been stealing confidential documents from schools and dumping them online. (AP Photo/Abbie Parr)

Ransomware criminals are dumping kids' private files online after school hacks

Exclusive subscriber content

Ransomware gangs have been stealing confidential documents from schools and dumping them online. The documents describe student sexual assaults, psychiatric hospitalizations, abusive parents — even … more

By FRANK BAJAK, HEATHER HOLLINGSWORTH and LARRY FENN | 7/5/23

A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Wednesday, July 5, 2023. Asian stock markets sank Wednesday after a survey showed Chinese industrial activity weakening. (AP Photo/Lee Jin-man)

Stock market today: Asia sinks after a survey shows China's industrial activity is weakening

Exclusive subscriber content

Asian stock markets are lower after a survey showed Chinese industrial activity weakening. Shanghai, Tokyo, Hong Kong and Sydney retreated Wednesday. Oil prices were mixed. U.S. markets were closed … more

By JOE McDONALD | 7/5/23

Stock market today: Asia sinks after survey shows China activity weakening

Exclusive subscriber content

Asian stock markets are lower after a survey showed Chinese industrial activity weakening. Shanghai, Tokyo, Hong Kong and Sydney retreated Wednesday. Oil prices were mixed. U.S. markets were closed … more

By JOE McDONALD | 7/5/23

Rafael Mariano Grossi, Director General of the International Atomic Energy Agency, left, presents IAEA's comprehensive report on Fukushima Treated Water Release to Japanese Prime Minister Fumio Kishida, right, at the prime minister's office Tuesday, July 4, 2023 in Tokyo. (AP Photo/Eugene Hoshiko, Pool)

IAEA chief will visit Japan's tsunami-wrecked nuclear plant before radioactive water is released

Exclusive subscriber content

The U.N. nuclear chief is to visit Japan’s tsunami-wrecked nuclear power plant Wednesday after the agency affirmed the safety of a contentious plan to release treated radioactive water into the … more

By MARI YAMAGUCHI | 7/4/23

FILE - A woman walks past an estate agent in London, Thursday, Nov. 3, 2022. Homeowners and renters in the U.K. are facing further grim news as mortgage rates hit levels not seen since unfunded tax cuts announced by the government last fall spooked investors. Financial information company Moneyfacts says the average rate for a five-year fixed rate mortgage in the U.K. hit 6.01% on Tuesday, July 4, 2023 from 5.97% the previous day. It comes after the Bank of England has raised interest rates to a 15-year high to battle high inflation. (AP Photo/Kin Cheung, File)

UK mortgage rates spike to highest level since Truss tax plan spooked markets

Exclusive subscriber content

Homeowners and renters in the U.K. are facing further grim news as mortgage rates hit levels not seen since unfunded tax cuts announced by the government last fall spooked investors. Financial … more

By PAN PYLAS | 7/4/23

FILE - Sheikh Mohammed bin Rashid Al Maktoum, UAE prime minister and ruler of Dubai, center, attends World Government Summit at the Dubai Expo 2020, in Dubai, United Arab Emirates, Tuesday, March 29, 2022. The United Arab Emirates plans to triple its supply of renewable energy and invest up to $54 billion over the next seven years to meet its growing energy demands. Sheikh Mohammed bin Rashid Al Maktoum, the UAE's vice president and ruler of Dubai, announced the plans on Monday, July 3, 2023, following a Cabinet meeting. (AP Photo/Ebrahim Noroozi, File)

UAE announces plans to invest $54B in energy and triple renewable sources

Exclusive subscriber content

The United Arab Emirates plans to triple its supply of renewable energy and invest up to $54 billion over the next seven years to meet its growing energy demands. The plans also include investments … more

7/4/23

FILE - Attendees visit the Meta booth at the Game Developers Conference 2023 in San Francisco on March 22, 2023. Meta Platforms’ Facebook has lost a legal challenge at the European Union’s top court over a groundbreaking German antitrust decision that limited the way it uses data for advertising. The European Court of Justice said Tuesday, July 4, 2023, that competition watchdogs can consider whether companies like Facebook comply with the continent’s strict privacy rules, which are normally covered by national data privacy regulators. (AP Photo/Jeff Chiu, File)

Facebook faces legal setback in EU court decision on data privacy and ads

Exclusive subscriber content

Facebook has lost a legal challenge at the European Union’s top court over a groundbreaking German antitrust decision that limited the way the company uses data for advertising. The European Court … more

7/4/23

FILE - Riad Salameh, Lebanon's Central Bank governor, smiles during a press conference in Beirut, on Nov. 11, 2019. An official close to the investigation said Tuesday, July 4, 2023 that a French court upheld the freezing of the assets of Lebanon's embattled central bank governor rejecting his appeal to have them released. (AP Photo/Hussein Malla, File)

French court upholds freezing of assets of Lebanon's embattled central bank chief

Exclusive subscriber content

A French court has upheld the freezing of assets of Lebanon’s embattled central bank governor rejecting his appeal to have them released. An official close to the investigation made the … more

By BASSEM MROUE | 7/4/23

FILE - Visitors look at the 5,000 year-old remains of Skara Brae village in the Scottish Orkney Islands, July 19, 2005, which was revealed by a huge storm in 1850. Sick of being ignored by far-away politicians, officials on Scotland’s remote Orkney Islands are mulling a drastic solution. They want to rejoin Norway, the Scandinavian country that gave them away as a royal wedding dowry more than 550 years ago. Orkney Islands Council is due to debate options for “alternative models of governance” on Tuesday, July 4, 2023. ( AP Photo/Naomi Koppel, File)

First Brexit, now Orxit? Politicians on Scotland's Orkney Islands vote to explore more autonomy

Exclusive subscriber content

Officials on the Orkney Islands have voted to explore ways of seeking more autonomy or even independence from neglectful U.K. governments. Orkney Islands Council voted to study “alternative models … more

By JILL LAWLESS | 7/4/23

The Foreign Minister of Greece, Giorgos Gerapetritis, addresses the media during a joint press conference with his counterpart from Cyprus, Constantinos Kombos, at the foreign ministry in Nicosia, Cyprus, Tuesday, July 4, 2023. Garapetritis is in Cyprus for official visit. (AP Photo/Petros Karadjias)

Greek foreign minister says Athens is ready for talks with Turkey to resolve sea borders dispute

Exclusive subscriber content

Greece’s newly-appointed foreign minister says his country is ready to start talks with Turkey to resolve a long-standing dispute over maritime borders that has repeatedly brought the two neighbors … more

By MENELAOS HADJICOSTIS | 7/4/23

FILE- Beauticians put makeup on customers at Ms. Sadat's Beauty Salon in Kabul, Afghanistan, Sunday, April 25, 2021. A spokesman at Afghanistan's Vice and Virtue Ministry said Tuesday, July 4, 2023, the Taliban are banning women's beauty salons. (AP Photo/Rahmat Gul, File)

The Taliban ban women's beauty salons in Afghanistan

Exclusive subscriber content

A spokesman at Afghanistan's Vice and Virtue Ministry says the Taliban are banning women's beauty salons. The announcement is the latest curb on the rights and freedoms of Afghan women and girls … more

By RIAZAT BUTT | 7/4/23