National Business - The Morning Sun

Ford President and CEO Jim Farley speaks in Glendale, Ky., Sept. 28, 2021. Ford's chief executive says the global auto industry is headed for a huge price war in the coming years as electric vehicle costs drop and multiple companies sell EVs priced around $25,000. Farley told the Bernstein Strategic Decisions Conference on Wednesday, June 1, 2022 that the $25,000 electric vehicle will democratize EVs. Materials to build that vehicle will cost around $18,000, he said. (AP Photo/Timothy D. Easley, file)

Ford CEO sees electric vehicle price war as EV costs decline

Ford’s chief executive says the global auto industry is headed for a huge price war in the coming years as electric vehicle costs drop and companies sell EVs priced around $25,000. CEO Jim Farley … more

By TOM KRISHER | 6/1/22

President Joe Biden and Vice President Kamala Harris arrive to lay a wreath at The Tomb of the Unknown Soldier at Arlington National Cemetery on Memorial Day, Monday, May 30, 2022, in Arlington, Va. (AP Photo/Andrew Harnik)

Harris calls water security a foreign policy priority

Vice President Kamala Harris says the U.S. is safer if people in other countries have sufficient water to drink, grow food and safely dispose of sewage. She emphasized that water access is a foreign … more

By SUMAN NAISHADHAM and MICHAEL PHILLIS | 6/1/22

FILE - FBI director Christopher Wray testifies during a Senate Appropriations Subcommittee hearing in Washington, on May 25, 2022. Wray says his agents thwarted a planned cyberattack on a Boston children's hospital that was to have been carried out by hackers sponsored by the Iranian government. (Bonnie Cash/Pool Photo via AP, File)

Wray: FBI blocked planned cyberattack on children's hospital

FBI Director Christopher Wray says his agents thwarted a planned cyberattack on a Boston children’s hospital that was to have been carried out by hackers sponsored by the Iranian government. Wray … more

By ERIC TUCKER and ALAN SUDERMAN | 6/1/22

FILE - Jay Anderson Jr.'s mother, Linda Anderson, holds a sign on Oct. 29, 2020, during a rally in Chicago. Two special prosecutors have decided not to charge a Wisconsin sheriff’s deputy in the fatal shooting of a man sleeping in a park. The prosecutors announced Wednesday, June 1, 2022 that they didn’t find sufficient evidence to charge Waukesha County Sheriff’s Deputy Joseph Mensah in Jay Anderson Jr.’s death in 2016. Their finding echoes Milwaukee County District Attorney John Chisholm’s decision not to charge Mensah, who was then a Wauwatosa police officer. (AP Photo/Nam Y. Huh, File)

Wisconsin deputy not charged after new look at 2016 shooting

Two special prosecutors have decided not to charge a Wisconsin sheriff’s deputy in the fatal shooting of a man sleeping in a park. The prosecutors announced Wednesday that they didn’t find … more

By TODD RICHMOND | 6/1/22

FILE - A hiring sign is displayed at a restaurant in Schaumburg, Ill., April 1, 2022. The white-hot demand for U.S. workers cooled a bit in April, though the number of unfilled jobs remains high and companies are still desperate to hire more people. Employers advertised 11.4 million jobs at the end of April, the Labor Department said Wednesday, June 1, 2022 down from nearly 11.9 million in March, the highest level on records that date back 20 years. (AP Photo/Nam Y. Huh, file)

US job openings decline from record level but remain high

The white-hot demand for U.S. workers cooled a bit in April, though the number of unfilled jobs remains high and companies are still desperate to hire more people. Employers advertised 11.4 million … more

By CHRISTOPHER RUGABER | 6/1/22

European Council President Charles Michel, centre right, and European Commission President Ursula von der Leyen, centre, leave the Europa building after an extraordinary meeting of EU leaders to discuss Ukraine, energy and food security in Brussels, Tuesday, May 31, 2022. (AP Photo/Olivier Matthys)

EXPLAINER: Effects of EU Russia oil ban, Moscow's response

The European Union has agreed to slash Russian oil imports in a tough escalation of the bloc’s campaign of sanctions to punish Russia for its invasion of Ukraine. It’s a landmark decision that … more

By MIKE CORDER | 6/1/22

Sweden's Prime Minister Magdalena Andersson, right, welcomes UN Secretary-General Antonio Guterres in Stockholm, Sweden on Wednesday June 1, 2022, ahead of their meeting. (Soren Andersson/TT via AP)

UN chief worries Ukraine war overshadowing climate fight

U.N. Secretary-General Antonio Guterres has warned that the war in Ukraine is diverting attention away from climate change, while at the same time showcasing the world’s “suicidal” dependence … more

By KARL RITTER | 6/1/22

German Chancellor Olaf Scholz delivers his speach during a session of the German parliament Bundestag at the Reichstag building in Berlin, Germany, Wednesday, June 1, 2022.( Michael Kappeler/dpa via AP)

Germany's Scholz seeks broad alliance to curb inflation

German Chancellor Olaf Scholz says he wants to join employers and labor unions in a “concerted action” to find ways of cushioning the effects of rising prices while preventing inflation. Germany … more

6/1/22

A regional train approaches the city of Wehrheim near Frankfurt, Germany, Wednesday, June 1, 2022. From Wednesday, people in Germany can use a 9-euro ticket for public transport which is valid for a whole month. (AP Photo/Michael Probst)

Germans snap up inflation-busting public transit tickets

Travelers in Germany will be able to criss-cross the country for under $10 a month this summer. New 9-euro tickets went on sale Wednesday as part of a government program intended to help combat … more

By FRANK JORDANS | 6/1/22

FILE — File Photo shows the moon shining next to the headquarters of the Deutsche Bank in Frankfurt, Germany, Oct.4, 2020. (AP Photo/Michael Probst, File)

Deutsche Bank subsidiary CEO resigns after greenwashing raid

Deutsche Bank subsidiary DWS says its chief executive is resigning after authorities raided its offices as part of a probe into claims that the company exaggerated the sustainable credentials of some … more

6/1/22

A new AI technology for qualitative content generation will reshape the way consultants and business professionals work (Photo: AskBrian)

AskBrian Launched a New AI Technology for Qualitative Content Generation Reshaping the Way Consultants and Business Professionals Work

MUNICH--(BUSINESS WIRE)--Jun 1, 2022--AskBrian, one of the most innovative machine learning startups in Germany, launched a new content automation skill for its AI assistant, Brian, to boost … more

6/1/22

Asian shares mixed after stocks retreat on Wall Street

Shares are mixed in Asia after a wobbly day on Wall Street closed out a month buffeted by worries about a possible recession, inflation and rising interest rates. Tokyo and Sydney rose while Hong … more

By ELAINE KURTENBACH | 6/1/22

An external view of the ISAB refinery in Priolo-Gargallo near Syracuse, Sicily, Tuesday, May 31, 2022. The ISAB, owned by Russia’s Lukoil, employs 1,000 people directly and another 2,500 in related activities. In an ironic turn, Italy has increased its imports of Russian oil in a period when the rest of Europe has been slashing its purchases from Moscow, even before the sanctions. That’s because banks have refused to take the risk of extending credit to Russia-controlled ISAB that would allow them to buy oil from non-Russian sources, even if financial sanctions did not specifically bar them from doing so. (AP Photo/Gaetano Adriano Pulvirenti)

Italy imports more Russian oil despite impending embargo

Italy has become the only country in Europe to increase Russian crude oil imports in an unintended consequence of European Union sanctions against Russia. The EU decided this week to reduce imported … more

By COLLEEN BARRY and PAOLO SANTALUCIA | 6/1/22

Africans see inequity in monkeypox response elsewhere

As health authorities in Europe and elsewhere scramble to roll out vaccines and drugs to stamp out the biggest monkeypox outbreak beyond Africa, some doctors are acknowledging an ugly reality: The … more

By MARIA CHENG and CHINEDU ASADU | 6/1/22

A man wearing a face mask takes a nap at a shopping and office complex in Beijing, Wednesday, June 1, 2022. (AP Photo/Mark Schiefelbein)

Shanghai starts coming back to life as COVID lockdown eases

Shanghai residents visited the waterfront Bund and ate and drank as they walked streets patrolled by police as a severe two-month COVID-19 lockdown was being eased. The lockdown set back the national … more

By EMILY WANG FUJIYAMA | 6/1/22

Tokyo University researchers Yuya Sakai, right, and Kota Machida pose for photos with products they made out of 'food cement' at their laboratory in Tokyo on May 26, 2022. Sakai and Machida developed a technology that can transform food waste into "cement" for construction use. (AP Photo/Chisato Tanaka)

Food waste cement: A gingerbread house-style building option

In the near future, edible houses may no longer be a fairy tale. Researchers at the University of Tokyo have developed a technology that can turn scraps into “food cement" for construction and … more

By CHISATO TANAKA | 6/1/22

FILE - Workers gather during a ceremony to start construction of the China-Russia East Route natural gas pipeline, also known as the Power of Siberia trunk pipeline, in Heihe in northeastern China's Heilongjiang Province on June 29, 2015. China’s support for Russia through oil and gas purchases is irking Washington and raising the risk of U.S. retaliation, foreign observers say, though they see no sign Beijing is helping Moscow evade sanctions over its war on Ukraine. (Chinatopix via AP, File)

China's Russia dealings irk US, but don't breach sanctions

China’s support for Russia through oil and gas purchases is irking Washington and raising the risk of U.S. retaliation. But observers say they see no sign Beijing is helping Moscow evade sanctions … more

By JOE McDONALD | 6/1/22

FILE - Aeroflot's passengers planes are parked at Sheremetyevo airport, outside Moscow, Russia, Tuesday, March 1, 2022. China has barred Russia’s airlines from flying foreign-owned jetliners into its airspace, the Russian news outlet RBK reported, after President Vladimir Putin threw ownership of the planes into doubt by allowing them to be re-registered in Russia to avoid seizure under sanctions over Moscow’s attack on Ukraine. (AP Photo/Pavel Golovkin, File)

Report: China bars Russian airlines with foreign planes

A Russian news outlet says China has barred Russia’s airlines from flying foreign-owned jetliners into its airspace. That comes after President Vladimir Putin threw their ownership into doubt by … more

6/1/22

The 118-meter (387-foot) Motor Yacht A belonging to Russian oligarch Andrey Melnichenko is anchored in the port of Ras al-Khaimah, United Arab Emirates, Tuesday, May 31, 2022. In the dusty, northern-most sheikhdom of the United Arab Emirates, Motor Yacht A, one of the world's largest yachts, sits in the quiet port — so far avoiding the fate of other luxury vessels linked to sanctioned Russian oligarchs. (AP Photo/Kamran Jebreili)

Sanctioned Russian oligarch's megayacht hides in a UAE creek

In the dusty, northern-most sheikhdom of the United Arab Emirates, one of the world’s largest yachts sits in a quiet port. So far, it has avoided the fate of other luxury vessels linked to … more

By ISABEL DEBRE and JON GAMBRELL | 6/1/22

FILE - Workers begin digging a tunnel to connect the new General Assembly building to the Capitol, March 2, 2022, in Richmond, Va. Dena Potter, a spokeswoman for the state agency overseeing the project, said the Capitol was briefly evacuated on March 14, 2022, after a contractor working on the $25 million tunnel “inadvertently” poked through the ceiling of a subterranean Capitol extension causing debris to fall into the visitors center cafe. (AP Photo/Steve Helber, File)

Lawmakers to vote on budget, won't take up stadium bill

Virginia lawmakers are set to reconvene in Richmond to vote on a compromise state budget. The spending plan up for a vote Wednesday would offer billions in tax relief, increase pay for teachers and … more

By SARAH RANKIN | 6/1/22