National Business - The Morning Sun

FILE - A motorist pumps gasoline at an ARCO gas station in Los Angeles, Sunday, June 12, 2022. Soaring gasoline prices have left many consumers with no choice but to cut spending on non-essentials, but it might be coming full circle by stopping some drivers from filling up their tanks. (AP Photo/Damian Dovarganes, File)

High gasoline prices crimping drivers' spending at the pump

Soaring gasoline prices have left many consumers with no choice but to cut spending on non-essentials, but it might be coming full circle by stopping some drivers from filling up their tanks. This … more

By DAMIAN J. TROISE | 6/16/22

FILE - Elon Musk attends The Metropolitan Museum of Art's Costume Institute benefit gala celebrating the opening of the "In America: An Anthology of Fashion" exhibition on May 2, 2022, in New York. Musk is expected to meet with Twitter employees Thursday, June 16, 2022 in an apparent effort to assuage concerns about his $44 billion deal to acquire the social platform. (Photo by Evan Agostini/Invision/AP)

Musk aims to ease concerns in address to Twitter workers

In an unusual move for what’s been an unusual takeover bid for Twitter by the world’s richest man, Tesla CEO Elon Musk will address the social platform’s employees Thursday, even though his $44 … more

Associated Press | 6/16/22

In this photo provided by UK Parliament, British Prime Minister Boris Johnson speaks during Prime Minister's Questions in the House of Commons, London, Wednesday, June 15, 2022. (Jessica Taylor/UK Parliament via AP)

Ethics adviser to scandal-hit UK leader Boris Johnson quits

The ethics adviser to scandal-hit British Prime Minister Boris Johnson has quit and accused the government of seeking to flout conduct rules. In a resignation letter, Christopher Geidt said he was … more

By JILL LAWLESS | 6/16/22

Firm behind popular US dollar stablecoin to launch Euro Coin

The cryptocurrency company Circle says it will start issuing its first euro-denominated cryptocurrency, a stablecoin known as Euro Coin, later this month. It would be the first stablecoin in euros … more

By KEN SWEET | 6/16/22

Piyush Goyal, Minister of Commerce and Industry and Minister of Consumer Affairs of India, speaks in front of journalists before the closing of the 12th Ministerial Conference (MC12), at the headquarters of the World Trade Organization (WTO), in Geneva, Switzerland, Thursday, June 16, 2022. Talks are going down to the wire as the World Trade Organization is set to wrap up its first ministerial-level meeting in more than four years.(Martial Trezzini/Keystone via AP)

WTO talks down to the wire with no major deals yet in sight

Talks are going down to the wire as the World Trade Organization is set to wrap up its first ministerial-level meeting in more than four years. So far, no firm deal is in sight Thursday on issues … more

By JAMEY KEATEN | 6/16/22

Supporters of the Tunisian General Labor Union (UGTT) gather during a rally outside its headquarters in Tunis, Tunisia, Thursday, June 16, 2022. A nationwide public sector strike in Tunisia is poised to paralyze land and air transportation and other vital activities Thursday with the North African nation already in the midst of a deteriorating economic crisis. (AP Photo/Hassene Dridi)

Public workers strike in Tunisia, signaling national crisis

A nationwide public sector strike in Tunisia is poised to paralyze land and air transportation and other vital activities with the North African nation already in the midst of a deteriorating … more

By FRANCESCA EBEL and BOUAZZA BEN BOUAZZA | 6/16/22

FILE - Managing Director of the European Stability Mechanism Klaus Regling speaks during a media conference after a meeting of eurozone finance ministers in Lisbon on May 21, 2021. Finance ministers from the 19 countries that share the euro currency may decide Thursday, June 16, 2022 on a successor to Germany’s Klaus Regling as managing director of the European Stability Mechanism. (AP Photo/Armando Franca, File)

Euro rescue fund to get new chief as its old glory fades

Finance ministers from the 19 countries that share the euro currency could decide Thursday on a successor to lead Europe’s financial rescue fund. But a question that has hung over the monthslong … more

6/16/22

EXPLAINER: Why Ukraine’s request to join is big test for EU

The European Union's executive arm is preparing its recommendation on Ukraine’s request to join the EU. The European Commission’s endorsement of making the war-torn country a candidate for … more

6/16/22

FILE - The new Ferrari, named LaFerrari, is presented during the first media day of the 83rd Geneva International Motor Show, Switzerland, March 5, 2013. Italian luxury sports car maker Ferrari on Thursday, June 16, 2022 outlined its electrification strategy that calls for 40% full-electric and 40% hybrid models by 2030. (AP Photo/Laurent Cipriani, File)

Ferrari to make 80% hybrid and full-electric range by 2030

Italian luxury sportscar maker Ferrari has outlined an electrification strategy that calls for 40% full-electric and 40% hybrid models by 2030. CEO Benedetto Vigna confirmed Thursday that the first … more

6/16/22

FILE - A bus drives past the Bank of England before the release of the Monetary Policy Report at the Bank of England in London, Thursday, May 5, 2022. The Bank of England is under pressure to raise interest rates more aggressively amid concern that the quarter-percentage-point hike expected Thursday will do little to combat price increases that have pushed inflation to a 40-year high. (AP Photo/Frank Augstein, File)

Bank of England under pressure to aggressively raise rates

The Bank of England is under pressure to raise interest rates more aggressively amid concern that the quarter-percentage-point hike expected Thursday will do little to combat price increases that … more

By DANICA KIRKA | 6/16/22

A hiring sign is displayed at a gas station as a customer walks past in Buffalo Grove, Ill., Thursday, June 9, 2022. Fewer Americans applied for unemployment benefits last week as the U.S. job market remains strong in the face of rising inflation and interest rates. Applications for jobless aid fell by 3,000 to 329,000 for the week ending June 11, the Labor Department reported Thursday, June 16. (AP Photo/Nam Y. Huh)

Fewer Americans apply for jobless aid last week

Fewer Americans applied for unemployment benefits last week as the U.S. job market remains strong in the face of rising inflation and interest rates. Applications for jobless aid fell by 3,000 to … more

BY MATT OTT | 6/16/22

FILE - European Commissioner for Values and Transparency Vera Jourova addresses a media conference on the guidance for strengthening the code of practice on disinformation at EU headquarters in Brussels, Wednesday, May 26, 2021. The European Union is beefing up its code of practice on disinformation by enlisting more tech companies and adding measures to prevent online purveyors of fake news from profiting. (Johanna Geron, Pool via AP, File)

EU beefs up disinformation code amid Russia fake news fears

The European Union is beefing up its code of practice on disinformation by enlisting more tech companies and adding measures to prevent online purveyors of fake news from profiting. The EU’s … more

By KELVIN CHAN | 6/16/22

The head of Russian Central Bank Elvira Nabiulina gestures while speaking at the St. Petersburg International Economic Forum in St.Petersburg, Russia, Thursday, June 16, 2022. (AP Photo/Dmitri Lovetsky)

Russian economy 'won't be as it was,' central banker says

The head of the Russian Central Bank is warning that the country’s economy faces pressure from abroad that could persist indefinitely, dampening hopes that conditions could return to the way they … more

By IRINA TITOVA and JIM HEINTZ | 6/16/22

FILE - Academy Award-winning actress-comedian Mo'Nique appears at the premiere of "Almost Christmas" in Los Angeles, Nov. 3, 2016. Mo’Nique and Netflix reportedly have settled her lawsuit that accused the streaming service of racial and sexual discrimination. An attorney for the actor-comedian told The Hollywood Reporter the matter was “amicably resolved.” Attorneys for Mo'Nique and Netflix filed for the case's dismissal Wednesday, June 15, 2022, in Los Angeles. (Photo by Willy Sanjuan/Invision/AP, File)

Mo'Nique, Netflix reportedly settle her suit alleging bias

Mo'Nique and Netflix reportedly have settled her lawsuit that accused the streaming service of racial and sexual discrimination. An attorney for the actor-comedian told The Hollywood Reporter the … more

6/16/22

In this photo provided by the North Korean government, North Korean leader Kim Jong Un and his wife Ri Sol Ju prepare medicines at an unannounced place in North Korea Wednesday, June 15, 2022 to send them to Haeju City where an infectious disease occurred. Independent journalists were not given access to cover the event depicted in this image distributed by the North Korean government. The content of this image is as provided and cannot be independently verified. Korean language watermark on image as provided by source reads: "KCNA" which is the abbreviation for Korean Central News Agency. (Korean Central News Agency/Korea News Service via AP)

N. Korea reports another disease outbreak amid COVID-19 wave

North Korea has reported the outbreak of another infectious disease in addition to its ongoing wave of COVID-19. State media said Thursday that leader Kim Jong Un donated his private medicines to … more

By HYUNG-JIN KIM | 6/16/22

FILE - A Pakistani boy works at a tea shop in Peshawar, Pakistan, Sunday, June 12, 2022. Planning Minister Ahsan Iqbal in Pakistan's newly elected government faced criticism Wednesday, June 15, 2022, following his plea to the nation to drink less tea to help save on imports amid a deepening economic crisis. Pakistan is among the world's top tea importers, a hugely popular drink among both the rich and the poor in this country of 220 million people. (AP Photo/Mohammad Sajjad, File)

Pakistani govt chided for 'Drink less tea, save money' plea

A minister in Pakistan’s newly elected government is facing criticism following his plea to the nation to drink less tea to help save on imports amid a deepening economic crisis. Tea is a hugely … more

By MUNIR AHMED | 6/16/22

Australian Prime Minister Anthony Albanese, front right, and Australian Minister for Climate Change Chris Bowen pose for photographs after signing the Nationally Determined Contribution to a cut in emissions by 2030 at Parliament House in Canberra, Australia, Thursday, June 16, 2022. Australia’s new government on Thursday formally committed to a more ambitious greenhouse gas reduction target of 43% by the end of the decade in fulfillment of a key election pledge. (Lukas Coch/AAP Image via AP)

Australia commits to reducing greenhouse emissions by 43%

Australia’s new government has formally committed to a more ambitious greenhouse gas reduction target of 43% by the end of the decade in fulfillment of a key election pledge. The previous … more

By ROD McGUIRK | 6/15/22

FILE - Japanese Prime Minister Fumio Kishida attends a news conference following the Quadrilateral Security Dialogue (Quad) leaders meeting at the Prime Minister's official residence in Tokyo on May 24, 2022. Kishida, despite an underwhelming start eight months ago, is enjoying surprising popularity by playing it safe as the public's worries about the coronavirus and global conflicts ease. (Kiyoshi Ota/Pool Photo via AP, File)

Japan PM's cautious course sets up potential long-term rule

Japanese Prime Minister Fumio Kishida, despite an underwhelming start eight months ago, is enjoying surprising popularity by playing it safe as the public's worries about the coronavirus and global … more

By MARI YAMAGUCHI | 6/15/22

NHL Commissioner Gary Bettman speaks during a news conference before Game 1 of the NHL Hockey Stanley Cup Finals between the Tampa Bay Lightning and the Colorado Avalanche on Wednesday, June 15, 2022, in Denver. (AP Photo/David Zalubowski)

Bettman says NHL projected to set revenue record this season

NHL Commissioner Gary Bettman says the league is projecting record revenue this season. Bettman at his annual state of the league address before the Stanley Cup Final estimated revenue will surpass … more

By STEPHEN WHYNO | 6/15/22

Colette Peters, the director of Oregon’s prison system, poses for a photo in Portland, Ore., on Jan. 31, 2012. Peters has now emerged as the leading contender to run the federal prison system, a person familiar with the matter told The Associated Press on Wednesday, June 15, 2022. (Thomas Boyd/The Oregonian via AP)

Oregon's prison chief in lead for top federal prisons job

Colette Peters, who runs Oregon’s prison system, has emerged as the leading contender to run the federal prison system. That's according to a person familiar with the matter who spoke to The … more

By MICHAEL BALSAMO and MICHAEL R. SISAK | 6/15/22