National Business - The Morning Sun

Gucci's CEO is stepping down as its French parent shakes up leadership

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The president and CEO of Gucci is stepping down later this year. It's the latest shakeup to the luxury fashion brand and comes as part of a series of changes at its parent company, the French … more

7/19/23

FILE - Tata Sons chairman Natarajan Chandrasekaran speaks during the launch of electric SUV Nexon EV in Mumbai, India, Tuesday, Jan. 28, 2020. India's Tata Sons plans to build a 4-billion-pound ($5.2 billion) electric car battery factory in the U.K., the conglomerate said Wednesday, july 19, 2023. "Our multibillion-pound investment will bring state-of-the-art technology to the country, helping to power the automotive sector’s transition to electric mobility, anchored by our own business, JLR (Jaguar Land Rover),” Tata Sons chairman Chandrasekaran said. (AP Photo/Rafiq Maqbool, File)

India's Tata will build a $5-billion new electric car battery factory in the UK

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India’s Tata Sons has confirmed plans to build a 4-billion-pound, or $5.2-billion, electric car battery factory in the U.K. The plant is expected to become one of Europe’s largest battery cell … more

7/19/23

Sadie James, right, and Jon Taylor, a debt manager at the charity Christians Against Poverty, read the documents from a housing association at her home, in London, Wednesday, July 12, 2023. For Sadie James, the cost-of-living crisis in Britain just never seems to ease. First, it was skyrocketing energy and food costs stemming from Russia's invasion of Ukraine. Now, the 61-year-old worries whether she can keep a roof over her head. (AP Photo/Kin Cheung)

UK homeowners get some respite as inflation falls by more than anticipated to a 15-month low

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Inflation in the U.K. has fallen by more than anticipated to a 15-month low in a development that may ease the pressure for the Bank of England to raise interest rates sharply over the coming months. … more

By PAN PYLAS | 7/19/23

First lady Jill Biden listens as Doug Emhoff, husband of Vice President Kamala Harris, speaks during an event about reproductive rights in Washington, Friday, June 23, 2023. (AP Photo/Susan Walsh)

Emhoff will become the highest-profile US official to visit Samoa as US makes a Pacific islands push

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Second gentleman Doug Emhoff next week will become the highest-profile U.S. official to visit Samoa, as the Biden administration steps up its outreach to Pacific island nations. Vice President Kamala … more

By ZEKE MILLER | 7/19/23

President Joe Biden looks to Israel's President Isaac Herzog as they meet in the Oval Office of the White House in Washington, Tuesday, July 18, 2023. (AP Photo/Susan Walsh)

Biden's White House is taking on corporate mergers, landlord junk fees and food prices

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The Biden administration is proposing new guidelines for corporate mergers, taking steps to disclose the junk fees charged by landlords and launching a crackdown on price-gouging in the food … more

By JOSH BOAK | 7/19/23

FILE - A page from the Shein website is shown in this photo, in New York on June 23, 2023. Chinese e-commerce retailer Temu has filed a lawsuit accusing its rival Shein of violating U.S. antitrust law by blocking clothing manufacturers from working with Temu. (AP Photo/Richard Drew, File)

Chinese e-retailer Temu files lawsuit in US against rival Shein, alleging antitrust violations

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Chinese e-commerce retailer Temu has filed a lawsuit accusing its rival Shein of violating U.S. antitrust law by blocking clothing manufacturers from working with Temu. Shein, an online apparel firm, … more

By ZEN SOO | 7/19/23

A person looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm Wednesday, July 19, 2023, in Tokyo. Asian shares are mixed after Wall Street’s frenzy around artificial intelligence helped pushed U.S. stocks to their best level in more than 15 months. (AP Photo/Eugene Hoshiko)

Stock market today: Asian shares track Wall Street rally despite mixed signals on regional economies

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Asian shares are mostly higher after a rally on Wall Street fueled by the frenzy around artificial intelligence. The Asian Development Bank issued an update on regional economies noting that exports … more

By ELAINE KURTENBACH | 7/19/23

France's President Emmanuel Macron talks to journalists during the third EU-CELAC summit that brings together leaders of the EU and the Community of Latin American and Caribbean States, in Brussels, Belgium, Tuesday, July 18, 2023. (AP Photo/Francois Walschaerts)

As Macron's criticism reverberates, US economist says she won't take top EU job

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The European Union says the American candidate to become one of the bloc’s chief economists will now not take up the position because of the political controversy it has stirred. In a letter to the … more

By RAF CASERT | 7/19/23

FILE - This photo shows an aerial view after the first atomic explosion at Trinity Test Site, in N.M., on July 16, 1945. A new film on J. Robert Oppenheimer's life and his role in the development of the atomic bomb as part of the Manhattan Project during World War II opens in theaters on Friday, July 21, 2023. On the sidelines will be a community downwind from the testing site in the southern New Mexico desert, the impacts of which the U.S. government never has fully acknowledged. (AP Photo, File)

'Oppenheimer' stirs up conflicted history for Los Alamos and New Mexico downwinders

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An upcoming movie about a man who changed the course of the world’s history by shepherding the development of the first atomic bomb is expected to be a blockbuster. But for a community downwind of … more

By SUSAN MONTOYA BRYAN | 7/19/23

In this photo released by Yan Guanghua Yan Guanghua, one of TikTok earliest livestreamers in China, conducts a livestream from her studio in Shenzhen in southern China's Guangdong province in July 2023. Chinese livestreamers have set their sights on TikTok shoppers in the U.S. and Europe, hawking everything from bags and apparel to crystals with eyes on a potentially lucrative market, despite uncertainties over the Chinese social media platform's future in the U.S. and elsewhere. (Yan Guanghua via AP)

Chinese livestreamers set their sights on TikTok sales to shoppers in the US and Europe

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Chinese livestreamers have set their sights on selling to TikTok shoppers in the U.S. and Europe. They are hawking everything from bags and apparel to crystals in hopes that overseas livestream … more

By ZEN SOO | 7/19/23

A chromium mine is visible near Kaliapani village in Jajpur district, Odisha, India on Wednesday, July 5, 2023. Chromium, used mostly as a coating to stop rust in steel and car parts, has been deemed necessary for India's transition to cleaner energy. (AP Photo/Anupam Nath)

India sets sights on home-mined minerals to boost its clean energy plans

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Indian officials, including at Wednesday’s Group of Twenty ministerial talks on clean energy, want the country to expand its critical mineral mining operations and make its own clean energy … more

By ANUPAM NATH and SIBI ARASU | 7/18/23

Florida ban on property purchases by citizens of China and some other countries is challenged

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A lawyer representing Chinese citizens in Florida has told a federal judge that a new law banning them and some other foreign nationals from purchasing property in large swaths of the state violates … more

7/18/23

Biden administration to host state leaders Wednesday for summit on making child care more affordable

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President Joe Biden’s administration is hosting state legislators from 41 states to the White House on Wednesday for discussions on how legislatures can make child care more affordable for … more

7/18/23

FILE - Apple CEO Steve Jobs holds up an Apple iPhone at the MacWorld Conference, Jan. 9, 2007, in San Francisco. On Sunday, July 16, 2023, a first-generation iPhone sold at auction for $190,373, almost 380 times its original price of $499 when the groundbreaking device went for sale in 2007. (AP Photo/Paul Sakuma, File)

First-gen iPhone sells at auction for almost 380 times its original price

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A first-generation iPhone sold at auction Sunday for $190,373, roughly 380 times its original price of $499 when it went for sale in 2007. LCG Auctions, which hosted the sale, said the 4GB iPhone … more

Associated Press | 7/18/23

France's President Emmanuel Macron gestures as he talks to journalists during the third EU-CELAC summit that brings together leaders of the EU and the Community of Latin American and Caribbean States, in Brussels, Belgium, Tuesday, July 18, 2023. (AP Photo/Francois Walschaerts)

An American economist is getting a top EU job. France's Macron isn't happy about it

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French President Emmanuel Macron isn't happy that the European Union head office plans to hire an American expert as its chief competition economist. He is asking why no one could find a "great … more

By RAF CASERT | 7/18/23

From compensating travelers to the pilot retirement age, Congress takes up aviation bill

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Congress will vote this week on legislation that will shape the agency responsible for safely managing the nation’s airspace and regulating its airlines. Lawmakers will fight over the Federal … more

By DAVID KOENIG | 7/18/23

FILE - A sign stands outside the corporate headquarters of Cheyenne-based Taco John's, Aug. 1, 2019, in Cheyenne, Wyo. Taco Bell rang up a win Tuesday, July 18, 2023, in its quest to make “Taco Tuesday" free of trademark restrictions, with Taco John’s formally abandoning its decades-old claim to own the phrase amid a challenge from its bigger rival. (AP Photo/Mead Gruver, File)

Liberty and tacos for all: Taco Bell prevails as Taco John's abandons trademark to 'Taco Tuesday'

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Taco Bell has rung up a win in its quest to make “Taco Tuesday” free of trademark restrictions. On Tuesday, Taco John’s formally abandoned its longstanding claim to sole use of the phrase amid … more

By MEAD GRUVER | 7/18/23

This combination of photos shows, from left, actor Alan Alda from the series "M*A*S*H*" picketing Twentieth-Century Fox studios in Los Angeles, Aug. 6, 1980, actor Patty Duke with striking writers on the picket line at 20th Century Fox Studios in Los Angeles on March 8, 1988, and actor John Stamos, a cast member on "the medical drama ER," supports members of the Writers Guild of America, as they strike outside the Warner Bros. Television Studios in Los Angeles on Nov. 6, 2007. (AP Photo)

This isn't the first time Hollywood's been on strike. Here's how past strikes turned out

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The common refrain is that there’s nothing Hollywood loves so much as its own history. But that’s a history that's inextricable from major labor movements. As the industry comes to a momentous … more

By MALLIKA SEN and JENNIFER FARRAR | 7/18/23

Realtors and homeowners in Florida are concerned about rising home insurance costs and the recent drop in the number of insurers who are doing business in the state. (July 14) (AP Video: Laura Bargfeld)

After devastating 2022 hurricane season, AAA not renewing some insurance policies in Florida

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AAA says it won’t renew a small percentage of homeowner and auto insurance policies in hurricane-wracked Florida, joining other insurers in limiting their exposure in the Sunshine State. AAA said … more

By MIKE SCHNEIDER | 7/18/23

TikTok needs to do more to comply with Europe's new digital rules, official says

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A top European Union official says TikTok needs to do more to get ready for new digital rules designed to keep users safe online. The popular video-sharing platform carried out a “stress test” to … more

7/18/23