National Business - The Morning Sun

A test vehicle levitated by magnetic fields zips through a depressurized tube in a testing ground for a high-speed transit system during a press tour of a European test center for hyperloop transportation technology in Veendam, northern Netherlands, Friday, Sept. 6, 2024. (AP Photo/Peter Dejong)

A capsule has been propelled through a hyperloop test tube in a step forward for the transit system

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Hyperloop has achieved significant liftoff in the northern Netherlands. Hyperloop is a new form of mass transit involving capsules whizzing on magnetic fields through depressurized tubes, A company … more

By ALEKSANDAR FURTULA | 9/9/24

FILE - Sarah Burton arrives for the British Fashion Awards 2011 at a central London venue, on Nov. 28, 2011. French luxury fashion house Givenchy names Sarah Burton new creative director. (AP Photo/Jonathan Short, File)

Givenchy names Sarah Burton new creative director

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The Paris luxury fashion house Givenchy has named Sarah Burton creative director for women’s and men’s collections, with immediate effect. The appointment was announced on Monday. Burton, who … more

9/9/24

US seeks new pedestrian safety rules aimed at increasingly massive SUVs and pickup trucks

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The U.S. government’s road safety agency wants the auto industry to design new vehicles including SUVs and pickup trucks so they reduce pedestrian deaths and injuries. The National Highway Traffic … more

By TOM KRISHER | 9/9/24

LL Flooring reverses course and will keep hundreds of stores under new owner

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After securing a last-minute buyer, LL Flooring is reversing course on shutting down all of its stores. The hardwood flooring retailer formerly known as Lumber Liquidators signed an agreement with … more

By WYATTE GRANTHAM-PHILIPS | 9/9/24

FILE - Italian Premier Mario Draghi attends a debate at the Senate in Rome, on July 20, 2022. A long-awaited report on how to rescue Europe’s economy from weak growth and red tape is in. Lead author Mario Draghi, the former head of the European Central Bank and former Italian prime minister (AP Photo/Gregorio Borgia)

Mario Draghi has solutions for Europe's sluggish economy. Will EU governments listen?

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A long-awaited report on how to rescue Europe’s economy from weak growth and red tape is in. The question is, how much of its recommendations will actually be enacted by the often slow-moving … more

DAVID McHUGH and LORNE COOK | 9/9/24

FILE - U.S.-made Abrams tanks purchased by Poland take part in a military parade in Warsaw, Poland, on Aug. 15, 2023. European Union countries are buying too much of their defense equipment abroad, almost two thirds of it in the United States, and failing to invest enough in joint military projects, a landmark report on EU competitiveness warned on Monday, Sept. 9, 2024, .(AP Photo/Czarek Sokolowski)

The EU buys too much defense equipment abroad, especially from the US, a major report says

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European Union countries are buying too much of their defense equipment abroad, much of it U.S.-made, and failing to invest in joint military projects, a landmark report is warning. The report comes … more

By LORNE COOK | 9/9/24

FILE - A shopper leaves the Big Lots store on Dec. 4, 2012 in Berlin, Vt. (AP Photo/Toby Talbot, file)

Big Lots files for Chapter 11 bankruptcy protection, plans to sell assets to Nexus Capital

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Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection as it contends with a pullback in consumer spending and soft sales. The company plans to sell its assets and ongoing business … more

By MICHELLE CHAPMAN | 9/9/24

Oman state-run oil firm OQ will make initial public offering and potentially seek billions

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An Omani state-run oil and gas company says it will make an initial public offering of its exploration and production business, potentially seeking billions in a major move toward privatization in … more

By JON GAMBRELL | 9/9/24

FILE - Minnesota Attorney General Keith Ellison, center, speaks with Rep. Ilhan Omar, D-Minn., and members of the Congressional Black Caucus as they visit the site of George Floyd's death in south Minneapolis on June 4, 2020. (Anthony Souffle/Star Tribune via AP, File)

Black Caucus issues new guidelines for DEI policies and urges firms to help reduce racial wealth gap

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The Congressional Black Caucus has issued new guidelines for corporations to use in adopting their diversity, equity and inclusion policies. The report released Monday by the Democratic caucus … more

By MATT BROWN | 9/9/24

FILE - The iPhone 15 Pro is shown after its introduction on the Apple campus, Sept. 12, 2023, in Cupertino, Calif. (AP Photo/Jeff Chiu, File)

Apple's upcoming iPhone will catapult the tech trendsetter into the age of AI

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Apple’s ubiquitous iPhone is about to break new ground with a shift into artificial intelligence that will do everything from smartening up its frequently dim-witted assistant Siri to creating … more

By MICHAEL LIEDTKE | 9/9/24

FILE - A sign at Google headquarters in Mountain View, Calif. is shown on Oct. 8, 2010. (AP Photo/Paul Sakuma, File)

Google faces new antitrust trial after ruling declaring search engine a monopoly

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One month after a judge declared Google’s search engine an illegal monopoly, the tech giant faces another antitrust lawsuit that threatens to break up the company. The Justice Department and a … more

By MATTHEW BARAKAT | 9/9/24

People stand near an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Sept. 9, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

Asian markets dip after Wall Street had its worst week in nearly 18 months

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Asian stocks fell Monday after another rout hit Wall Street on Friday, as a highly anticipated update on the U.S. job market came in weak enough to add to worries about the economy. The Nikkei 225 … more

By ZIMO ZHONG | 9/9/24

FILE - A worker assembles an SUV at a car plant of Li Auto, a major Chinese EV maker, in Changzhou in eastern China's Jiangsu province, March 27, 2024. (Chinatopix Via AP, File)

Congress takes up a series of bills targeting China, from drones to drugs

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How to curb and counter China’s influence and power will dominate the U.S. House’s first week back from summer break. Lawmakers are taking up a series of measures targeting Beijing through its … more

By DIDI TANG | 9/9/24

A man holds up an umbrella against the rain as he walks past an ad promoting the latest blockbuster new Chinese video game "Black Myth: Wukong" in Beijing, Friday, Aug. 23, 2024. (AP Photo/Ng Han Guan)

A blockbuster Chinese video game sparks debate on sexism in the nation’s gaming industry

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A blockbuster new Chinese video game is smashing records. “Black Myth: Wukong” drew millions of players within hours of its launch in August and is being hailed as a milestone in China’s gaming … more

By ELSIE CHEN | 9/8/24

FILE - People walk along a pedestrian crossing at Ginza shopping street in Tokyo, on March 31, 2023, in Tokyo. (AP Photo/Eugene Hoshiko, File)

Japan's economy is growing, but political uncertainty is among the risks

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Japan’s economy grew at an annual rate of 2.9%, slower than the earlier report for 3.1% growth, in the April-June period, boosted by better wages and spending. That shows clear risks remain, … more

By YURI KAGEYAMA | 9/8/24

This image released by Warner Bros. Pictures shows Michael Keaton in a scene from "Beetlejuice Beetlejuice." (Parisa Taghizadeh/Warner Bros. Pictures via AP)

‘Beetlejuice Beetlejuice’ jolts box office with $110 million opening weekend

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“Beetlejuice Beetlejuice” drummed up a record-breaking $110 million in its premiere weekend, becoming the second biggest September opening of all time. The sequel to the 1988 classic reunites … more

By KAITLYN HUAMANI | 9/8/24

Boeing says it has a deal to avoid a strike by more than 30,000 machinists

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Boeing has a tentative agreement with its largest union on a new contract for factory workers that could avoid a threatened strike. The company and the International Association of Machinists said … more

By DAVID KOENIG | 9/8/24

The AI industry uses a light lobbying touch to educate Congress from a corporate perspective

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Education has become a primary goal of artificial intelligence interests in Washington. That's the assessment of lobbyists, members of Congress and industry experts. AI lobbyists are casting … more

By DAN MERICA | 9/8/24

Starbucks turns to a celebrity CEO as it struggles to define itself for an era of mobile orders

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Fifty-three years after its founding, Starbucks is unhappy with what it’s become – and trying to figure out how to meet customers’ changing needs without losing its coffeehouse roots. Analysts … more

By DEE-ANN DURBIN | 9/8/24

Talks between Boeing and its biggest union are coming down to the wire - and a possible strike

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Boeing and its largest union are entering the last week of contract negotiations before a threatened strike by more than 30,000 workers. A walkout by plant workers who build the planes that carry … more

By DAVID KOENIG | 9/8/24