National Business - The Morning Sun

FILE - Tesla CEO Elon Musk attends the opening of the Tesla factory Berlin Brandenburg in Gruenheide, Germany, March 22, 2022. Twitter shareholders have filed a lawsuit accusing Musk of engaged in “unlawful conduct” aimed at sowing doubt about his bid to buy the social media company. The lawsuit filed late Wednesday, May 25, in the U.S. District Court for the Northern District of California claims the billionaire Tesla CEO has sought to drive down Twitter’s stock price because he wants to walk away from the deal or negotiate a substantially lower purchase price. (Patrick Pleul/Pool Photo via AP, File)

Twitter shareholders sue Musk, say he 'deflated' stock price

Twitter shareholders have filed a lawsuit against billionaire Elon Musk, accusing him of unlawfully sowing doubt about his bid to buy Twitter. They say the Tesla CEO's aim has been to drive down … more

By BARBARA ORTUTAY | 5/26/22

FILE - Lisa Su, president and CEO of Advanced Micro Devices, attends the opening bell at Nasdaq in New York on May 1, 2019. At $29.5 million, Su was the highest-paid female CEO for 2021, as calculated by The Associated Press and Equilar, an executive data firm. (AP Photo/Mark Lennihan, File)

Female CEO’s pay rose 26% in 2021, but ranks remain small

Pay packages for the women who run S&P 500 companies jumped in 2021 as the economy recovered and stock prices and profits soared. Median pay for the women occupying the corner office rose 26% to … more

By MAE ANDERSON | 5/26/22

Robert Habeck, Federal Minister for Economic Affairs and Climate Protection, and Steffi Lemke , Federal Minister for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection, open the meeting of the G7 Ministers for Climate, Energy and the Environment in Berlin, Germany, Thursday, May 26, 2022. (Kay Nietfeld/dpa via AP)

Germany: G-7 nations can lead the way on ending coal use

Germany’s energy and climate minister says the Group of Seven wealthy nations can lead the way on ending the use of coal. Coal is a heavily polluting fossil fuel that’s responsible for a large … more

5/26/22

U.S. President Joe Biden waves as he boards Air Force One at Yokota Air Base in Fussa, Japan, Tuesday, May 24, 2022. (AP Photo/Eugene Hoshiko)

Justices won't block Biden policy on 'social cost of carbon'

The Supreme Court has allowed the Biden administration to use a higher estimate than Republican-led states want for calculating damages to people and the environment from greenhouse gas emissions. A … more

5/26/22

FILE - Deputy Prime Minister of Canada Chrystia Freeland speaks during an event to sign an update to the North American Free Trade Agreement, at the national palace in Mexico City, Dec. 10. 2019. Western allies are considering whether to allow Russian oligarchs to buy their way out of sanctions and using the money to rebuild Ukraine, according to government officials familiar with the matter. Canadian Deputy Prime Minister and Finance Minister Chrystia Freeland proposed the idea at a G-7 finance ministers' meeting in Germany last week. (AP Photo/Marco Ugarte, file)

West mulls having Russian oligarchs buy way out of sanctions

Government officials familiar with the matter say Western allies are considering whether to allow Russian oligarchs buy their way out of western sanctions and using the money to rebuild Ukraine. … more

By ROB GILLIES and FRANK JORDANS | 5/26/22

A Sri Lankan woman waits in a deserted gas station, hoping to buy kerosene oil for cooking in Colombo, Sri Lanka, Thursday, May 26, 2022. Sri Lankans for months have been forced to stand in long lines to buy scarce essentials, with many returning home empty-handed. There is a severe shortage of many goods, from food, cooking gas, medicine and fuel to toilet paper and matchsticks. (AP Photo/Eranga Jayawardena)

Sri Lanka PM stresses urgency for economic reform plan

Sri Lanka’s prime minister says that he will quickly prepare an economic reform program and seek approval from the International Monetary Fund. Prime Minister Ranil Wickremesinghe says urgent … more

By KRISHAN FRANCIS | 5/26/22

Secretary of State Antony Blinken speaks at George Washington University in Washington, Thursday, May 26, 2022, outlining the administration's policy toward China at an event hosted by the Asia Society. (AP Photo/ Carolyn Kaster)

US aims to leverage Russia-Ukraine bloc against China

U.S. officials say the Biden administration is aiming to lead the international bloc opposed to Russia's invasion of Ukraine into a broader coalition to counter what it sees as a more serious, … more

By MATTHEW LEE | 5/26/22

Supporters of Pakistan’s defiant former Prime Minister Imran Khan, center, addresses during an anti government rally, in Islamabad, Pakistan, Thursday, May 26, 2022. Khan early Thursday warned Pakistan's government to set new elections in the next six days or he will again march on the capital along with 3 million people. (AP Photo/Anjum Naveed)

Pakistan's ex-premier calls off planned sit-in, demands vote

Pakistan’s defiant former Prime Minister Imran Khan has called off a planned, open-ended sit-in in Islamabad. The development on Thursday temporarily assuaged fears of a protracted civil conflict … more

By MUNIR AHMED | 5/26/22

Black smoke billows from a biodiesel production plant in Calahorra, northern Spain, Thursday, May 26, 2022. Police in Spain say an explosion at a biodiesel plant has left two people dead and forced 250 children to be evacuated from the area. (AP Photo/Alvaro Barrientos)

Explosion at Spanish plant leaves 2 dead; 250 kids evacuated

Police in Spain say an explosion at a biodiesel plant has left two people dead and forced 250 children to be evacuated from the area. Video of the explosion on Thursday showed flames engulfing the … more

5/26/22

Palestinian officials: Israel killed Al Jazeera reporter

The Palestinian Authority says its investigation into the shooting death of Al Jazeera journalist Shireen Abu Akleh proves that she was deliberately killed by Israeli forces. Israel is likely to … more

By IMAD ISSEID | 5/26/22

British Prime Minister Boris Johnson departs 10 Downing Street, London, Thursday May 26, 2022, the day after the publication of the Sue Gray report into parties in Whitehall during the coronavirus lockdown. (Dominic Lipinski/PA via AP)

UK govt touts financial aid as it aims to banish 'partygate'

The British government is unveiling a package of help on Thursday to ease a severe cost-of-living squeeze. Treasury chief Rishi Sunak was due to outline new help, including a windfall tax on oil and … more

By JILL LAWLESS and SYLVIA HUI | 5/26/22

Hossein Amir-Abdollahian, Minister of Foreign Affairs of Iran, speaks during the 51st annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, on Thursday, May 26, 2022. The forum has been postponed due to the Covid-19 outbreak and was rescheduled to early summer. The meeting brings together entrepreneurs, scientists, corporate and political leaders in Davos under the topic "History at a Turning Point: Government Policies and Business Strategies" from 22 - 26 May 2022. (Laurent Gillieron/Keystone via AP)

Davos updates | German chancellor to give final big speech

German Chancellor Olaf Scholz is wrapping up the World Economic Forum’s annual meeting with a speech in Davos. His address Thursday comes after days of discussions about Russia’s war in Ukraine, … more

5/26/22

FILE - The Exterior view of VMware headquarters in Palo Alto, Calif., Wednesday, Oct. 24, 2007. Computer chip and software maker Broadcom, on Thursday, May 26, 2022, will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year, despite rising inflation and some economic uncertainty. (AP Photo/Paul Sakuma, File)

Broadcom to buy VMware for $61 billion in big tech tie-up

Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite rising inflation and some economic … more

By MICHELLE CHAPMAN | 5/26/22

Elizabeth Truss, Britain's Secretary of State for Foreign, Commonwealth and Development Affairs, speaks during a press conference with Bosnian Foreign Minister Bisera Turkovic in Sarajevo, Bosnia, Thursday, May 26, 2022. (AP Photo/Armin Durgut)

UK foreign secretary visits Bosnia to pledge support

British Foreign Secretary Liz Truss is visiting Sarajevo to reaffirm the U.K.’s commitment to peace and stability in Bosnia amid growing fears of malign influence from Russia in the … more

5/26/22

FILE - A hiring sign is displayed outside of a Starbucks in Schaumburg, Ill., Friday, April 1, 2022. The number of Americans applying for jobless aid ticked up slightly last week but the total number of Americans collecting benefits remained at its lowest level in more than five decades. Applications for unemployment benefits rose by 1,000 to 203,000 for the week ending May 7, the Labor Department reported Thursday, May 12. (AP Photo/Nam Y. Huh)

Fewer Americans apply for jobless benefits last week

Fewer Americans applied for jobless aid last week as the number of Americans collecting unemployment benefits remains near five-decade lows. Applications for unemployment benefits fell by 8,000 to … more

By MATT OTT | 5/26/22

Allen Blue is Vice President of Product Management and Co-Founder at LinkedIn pose for a photo after an interview with The Associated Press during the World Economic Forum in Davos, Switzerland, Wednesday, May 25, 2022. The annual meeting of the World Economic Forum is taking place in Davos from May 22 until May 26, 2022. (AP Photo/Markus Schreiber)

Davos Voices: What leaders say about climate change, war

The World Economic Forum’s annual gathering of CEOs, government leaders and other elites this week in the Swiss town of Davos may seem full of important but impersonal announcements. So what do … more

By PETER PRENGAMAN, KELVIN CHAN, HELENA ALVES | 5/26/22

This combination photo shows the highest paid male and female CEOs in the S&P 500 index for 2021, as calculated by The Associated Press and Equilar, an executive data firm. Top row, from left, Bill McDermott of ServiceNow, Mary Barra of General Motors, Tim Cook of Apple, Adena Friedman of Nasdaq, and David Zaslav of Warner Bros. Discovery. Bottom row, from left, Kathy Warden of Northrop Grumman, Jamie Dimon of JPMorgan Chase, Lisa Su of Advanced Micro Devices, Phebe Novakovic of General Dynamics, and Peter Kern of Expedia Group. The median pay package for the CEOs of the biggest U.S. companies rose 17.1% in 2021 as the economy rebounded and company profits and stock prices jumped. (AP Photo)

CEO pay up 17% as profits, stocks soar; workers fall behind

Pay for CEOs who run the biggest U.S. companies soared 17.1% last year, up to a median of $14.5 million. That's according to the AP's annual pay survey conducted with Equilar. Such raises tower over … more

By STAN CHOE | 5/26/22

Japan's troubled Toshiba proposes outside directors to board

Troubled Japanese technology giant Toshiba has announced some additions to its proposed leadership ahead of a shareholders’ meeting next month. Toshiba is seeking to add on the board outside … more

By YURI KAGEYAMA | 5/26/22

FILE - Albania's Prime Minister Edi Rama speaks during a press conference after a meeting with his Dutch counterpart Mark Rutte in Tirana, Albania, Wednesday, Nov. 10, 2021. Albania has offered NATO a naval base in an effort as a way to highlight the small country's value in the alliance “in these difficult times,” the prime minister's office said Thursday, May 26, 2022. (AP Photo/Franc Zhurda, File)

Albania offers ex-Soviet built naval base to NATO

The office of Albania's prime minister says the country has offered to NATO a naval base in an effort to highlight the tiny country’s value in the alliance “in these difficult times." Prime … more

By LLAZAR SEMINI | 5/26/22

FILE - A water cannon truck is seen at the Kapitan Andreevo border crossing point between Bulgaria and Turkey on Saturday, Feb. 29, 2020. An international rights group says that Bulgarian authorities are attacking Afghan and other asylum-seekers, using police dogs and other violence to illegally push them back over the border into Turkey. Human Rights Watch said Thursday, May 26, 2022 that the migrants reported being beaten, robbed and stripped. (AP Photo/Hristo Rusev, File)

Rights group: Bulgaria uses police dogs in migrant pushbacks

An international rights group says that Bulgarian authorities are attacking Afghan and other asylum-seekers, using police dogs and other violence to illegally push them back over the border into … more

5/26/22