National Business - The Morning Sun

FILE - The U.S. Capitol dome in Washington, Aug. 12, 2022. The Democratic-led House passed a short-term spending bill on Friday that finances the federal government through mid-December and provides another infusion of military and economic aid to Ukraine as lawmakers acted to avert a partial government shutdown set to begin after midnight. (AP Photo/Patrick Semansky, File)

House OKs bill to avert government shutdown, aid Ukraine

The Democratic-led House passed a short-term spending bill on Friday that finances the federal government through mid-December and provides another infusion of military and economic aid to Ukraine as … more

By KEVIN FREKING | 9/30/22

FILE - Texas players sing "The Eyes Of Texas," after defeating Kansas State 22-17 in an NCAA college football game in Austin, Texas, on Nov. 26, 2021. The new business world of college athletes getting paid for endorsements has created a rapidly expanding pop-up industry: nonprofits formed to set up athletes with deals that pay them to promote charities. Among the first was Horns With Heart, a nonprofit set up to aid offensive linemen at the University of Texas in 2021. A bill filed Wednesday, Sept. 28, 2022, would eliminate the tax deduction for individuals and for specific contributions that are then paid to athletes for name, image and likeness deals. (AP Photo/Chuck Burton, File)

College athletics sees surge in nonprofits paying players

The new world of college athletes getting paid for endorsements has created a rapidly expanding pop-up industry: Nonprofits are being formed to set up athletes with deals that pay them to promote … more

By JIM VERTUNO and PAT EATON-ROBB | 9/30/22

FILE - This Aug. 11, 2019 file photo shows Visa credit cards in New Orleans. With interest rates rising, the cost of borrowing is going up. This is especially the case for credit cards, as they have high annual percentage rates that vary as interest rates change. (AP Photo/Jenny Kane, File)

In your debt: 3 steps to lower the cost of your debt

With interest rates rising, the cost of borrowing is going up. This is especially the case for credit cards, as they have high annual percentage rates that vary as interest rates change. There are … more

By Sara Rathner of NerdWallet | 9/30/22

FILE - Only a few scoops are left in a mother's next to last can of baby formula in Laurel, Md., on Monday, May 23, 2022. On Friday, Sept 30, 2022, U.S. regulators unveiled their plan to allow foreign baby formula manufactures to stay on the market, an effort at diversifying the nation's tightly concentrated industry and preventing future shortages. (AP Photo/Jacquelyn Martin, File)

US outlines plan for long-term baby formula imports

U.S. regulators have revealed their plan to allow foreign baby formula manufactures to stay on the market long term. The Friday announcement from the Food and Drug Administration aims to diversify … more

By MATTHEW PERRONE | 9/30/22

FILE - Federal Reserve Board Vice Chair Lael Brainard speaks during a conversation with leaders from organizations that include nonprofits, small businesses, manufacturing, supply chain management, the hospitality industry, and the housing and education sectors at the Federal Reserve building on Sept. 23, 2022, in Washington. Brainard said Friday, Sept. 30, 2022, that U.S. interest rates will likely have to remain high for an extended period to combat inflation, capping a week of tough rhetoric by Fed officials. (AP Photo/Manuel Balce Ceneta, File)

Brainard warns US rates to stay high, notes global impact

Federal Reserve Vice Chair Lael Brainard said Friday that U.S. interest rates will likely have to remain high for an extended period to combat inflation, capping a week of tough rhetoric by Fed … more

By CHRISTOPHER RUGABER | 9/30/22

FILE - President Joe Biden speaks about Hurricane Ian during a visit to FEMA headquarters, Sept. 29, 2022, in Washington. The U.S. on Friday sanctioned more than 1,000 people and firms connected to Russia’s invasion of Ukraine, including its Central Bank governor and families of National Security Council members, after President Vladimir Putin signed treaties absorbing occupied regions of Ukraine into Russia, in defiance of international law. (AP Photo/Evan Vucci, File)

US hits Russia with sanctions for annexing Ukrainian regions

The U.S. has sanctioned more than 1,000 people and firms connected to Russia’s invasion of Ukraine, including its Central Bank governor and families of National Security Council members, after … more

By FATIMA HUSSEIN | 9/30/22

Corey Fields, with the city of Charleston, cleans a storm drain as effects from Hurricane Ian are felt, Friday, Sept. 30, 2022, in the Battery of Charleston, S.C. (AP Photo/Alex Brandon)

Live Updates: Charleston airport closed as Ian approaches

The main airport in Charleston, South Carolina, has closed ahead of the expected arrival of Hurricane Ian. Officials with the Charleston International Airport say they shuttered the airport, where … more

By The Associated Press | 9/30/22

Shoppers shop at a grocery store in Glenview, Ill., Monday, July 4, 2022. Consumers spent a bit more in August than the previous month, a sign the economy is holding up even as inflation lifts prices for food, rent, and other essentials. Americans boosted their spending at stores and for services such as haircuts by 0.4% in August, after it fell 0.2% in July, the Commerce Department said Friday Sept. 30. (AP Photo/Nam Y. Huh)

Resilient US consumers spend slightly more in August

Consumers spent a bit more in August than the previous month, a sign the economy is holding up even as inflation lifts prices for food, rent, and other essentials. Americans boosted their spending at … more

By CHRISTOPHER RUGABER | 9/30/22

In this photo provided by the Armed Forces of Denmark, the crew in a helicopter of the Armed Forces monitors the gas leak, in the Baltic Sea, Thursday, Sept. 29, 2022. Following the suspected sabotage this week of the Nord Stream 1 and 2 pipelines that carry Russian natural gas to Europe, there were two leaks off Sweden, including a large one above North Stream 1, and a smaller one above North Stream 2. (Rune Dyrholm/Armed Forces of Denmark via AP)

Huge blasts preceded methane pipeline leaks in Baltic Sea

The explosions that rocked natural gas pipelines under the Baltic Sea ahead of huge methane leaks “probably corresponded to an explosive load of several hundred kilos (pounds),” Denmark and … more

By JAN M. OLSEN | 9/30/22

Marina Aina, a 21-year-old student majoring in American Studies at Pomona College, poses for photos on the school's campus in Claremont, Calif., Thursday, Sept. 22, 2022. Aina was used to getting paid for her internships and could not see taking an unpaid opportunity over a summer job. "If I felt that it wasn't compensated then I wouldn't go for it because I wouldn't have the funds to cover it," Aina says. "I wouldn't want to ask my parents, who are helping me pay for college, to pay for something I'm doing over the summer." (AP Photo/Jae C. Hong)

Unpaid internships face new scrutiny as barriers to careers

Unpaid internships are facing new scrutiny from colleges, state lawmakers and student activists. Nearly half of all internships are unpaid, putting them out of reach for students who need wages to … more

By NAOMI HARRIS and JOCELYN GECKER | 9/30/22

FILE - British Prime Minister Liz Truss speaks to the media on the occasion of her visit at the Empire State building in New York, on Sept. 20, 2022. British Prime Minister Liz Truss on Thursday Sept. 29, 2022, defended her divisive economic plan and shrugged off the turmoil it has stirred in financial markets, saying she’s willing to make “controversial and difficult decisions” to get the economy growing. (Toby Melville/Pool Photo via AP, File)

UK's Truss meets with fiscal watchdog amid economic crisis

British Prime Minister Liz Truss and her Treasury chief have met with the independent Office of Budget Responsibility amid efforts to ease concerns about unfunded tax cuts that have unleashed turmoil … more

By DANICA KIRKA | 9/30/22

FILE - A woman uses an ATM machine in the main town of the Aegean Sea island of Rhodes, southeastern Greece, Tuesday, May 10, 2022. Inflation in 19 European countries using the euro currency hits another record at 10% as energy prices soar. (AP Photo/Thanassis Stavrakis, File)

Inflation hits record 10% in 19 EU countries using euro

Inflation in the European countries using the euro currency has broken into double digits as prices for electricity and natural gas soar. EU statistics agency Eurostat reported Friday that consumer … more

By DAVID McHUGH | 9/30/22

The Bosnian Parliament building is reflected on an election poster of Bakir Izetbegovic who is running for the Bosnian Presidency on the upcoming elections in Sarajevo, Bosnia, Tuesday, Sept. 27, 2022. On the face of it, Bosnia's upcoming general election could be about the fight against corruption and helping its ailing economy. But at the time when Russia has a strong incentive to reignite conflict in the small Balkan nation, the Oct 2. vote appears set to be an easy test for long-entrenched nationalists who have enriched cronies and ignored the needs of the people. (AP Photo/Armin Durgut)

Bosnia election expected to re-legitimize a failing system

Bosnia’s general election should be about fighting rampant corruption and the country’s ailing economy. But Sunday’s vote appears set to be an easy test for the long-entrenched nationalists who … more

By SABINA NIKSIC | 9/30/22

A couple speak as they enjoy a drink and candle lit dinner at Brasserie Surrealiste in Brussels, Wednesday, Sept. 28, 2022. A group of restaurant owners in Brussels has imagined how a future without gas and electricity would look like for gourmets. Dinner guests, served at the Brasserie Surrealiste and cooked by Racines restaurant employees, were the first to experience it: No ovens, no stoves, no hot plates, no coffee machines and no light bulbs. (AP Photo/Olivier Matthys)

Dining in the dark: Brussels eateries tackle energy crunch

While European Union governments are still mulling over introducing a cap on gas prices, some businesses are more in a hurry for solutions to the continent's energy crisis. In Brussels, the epicenter … more

By SYLVAIN PLAZY | 9/30/22

Olley's Fish Experience shop owner Harry Niazi speaks to The Associated Press in his shop in London, Wednesday, Sept. 28, 2022. Like many small business owners in Britain, Harry Niazi hoped for government help to keep his south London fish and chip shop going in the face of rocketing energy bills and soaring inflation. But an economic stimulus plan announced last week by Prime Minister Liz Truss’ new government brought no relief — far from it. (AP Photo/Frank Augstein)

'Big impact': UK economic chaos, pound plunge hit businesses

The British government’s economic stimulus plan is designed to help people and businesses by cutting taxes and growing the economy. But it's had the opposite effect as the promise of huge unfunded … more

By SYLVIA HUI and KELVIN CHAN | 9/30/22

FILE - Japan's Digital Agency Minister Taro Kono is seen on Sept. 20, 2021. The Digital Agency was set up in Japan 2021 to nurture competitiveness in digital technology. (Philip Fong/Pool Photo via AP, File)

Digital minister aims to wrest Japan out of analog doldrums

The politician tapped to help Japan keep pace with the digital age has his work cut out for him. The nation known for Nintendo games and tech gadgetry galore also loves traditional “hanko” seals … more

By YURI KAGEYAMA | 9/30/22

FILE - A sign marks the entrance of the Micron Technology automotive chip manufacturing plant on Feb. 11, 2022, in Manassas, Va. Japan is providing a major U.S. chipmaker a subsidy of up to 46.6 billion yen ($322 million) to support its plan to produce advanced memory chips at a Hiroshima factory, the Japanese trade minister said Friday, Sept. 30, 2022. (AP Photo/Steve Helber, File)

Japan to pay up to $320M for US company's chip production

Japan said it is providing a major U.S. chipmaker a subsidy of up to $322 million to back its plan to produce advanced memory chips at a Hiroshima factory. The two countries are stepping up … more

By MARI YAMAGUCHI | 9/30/22

A man works at a manufacturer of Integrated Chip encapsulation in Nantong in eastern China's Jiangsu province on Friday, Sept. 16, 2022. Growth in Chinese factory activity was weak in September, export orders fell and employers cut jobs, two surveys showed Friday, Sept. 30, adding to pressure on lackluster economic growth (Chinatopix Via AP)

China manufacturing weak, adding to economy pressure

Two surveys show growth in Chinese manufacturing was weak in September, export orders fell and employers cut jobs. That adds to pressure on lackluster economic growth. Business news magazine Caixin … more

9/30/22

FILE - Reserve Bank of India (RBI) Governor Shaktikanta Das gestures during a press conference after RBI's bi-monthly monetary policy review meeting in Mumbai, India, on Feb. 6, 2020. India’s central bank on Friday, Sept. 30, 2022, raised its key interest rate by 50 basis points to 5.90% in its fourth hike this year and said the economies of developing countries were confronted with challenges of slowing growth, elevated food and energy prices, debt distress and currency depreciation. (AP Photo/Rajanish Kakade, File)

India raises interest rate to 5.90% to tame inflation

India’s central bank has raised its key interest rate to 5.90% and said developing economy were facing slowing growth, elevated food and energy prices, debt distress and currency depreciation. The … more

9/30/22

FILE - Joseph I. Castro, at the time president of Fresno State, waves to the crowd before the team's NCAA college football game Nov. 4, 2017, against BYU in Fresno, Calif. Castro mishandled sexual misconduct allegations while he headed the Fresno campus, according to a report released Thursday, Sept. 29, 2022. Castro failed to deal properly with complaints against Frank Lamas while Castro was Fresno State's president because he had a “blind spot” for his friend, according to the results of a months-long investigation commissioned by the California State University system. (AP Photo/Gary Kazanjian, File)

Report: Ex-Cal State Chancellor mishandled misconduct claims

A new report says the former chancellor of California State University, the nation’s largest public university system, mishandled sexual misconduct allegations while he headed the Fresno campus. … more

9/30/22