National Business - The Morning Sun

FILE- In this Feb. 5, 2018, file photo a Boeing 737 MAX 7 is displayed during a debut for employees and media of the new jet in Renton, Wash. The Boeing Company reports earnings on Wednesday, July 26, 2023. (AP Photo/Elaine Thompson, File)

Boeing loses $149 million in Q2 as the plane maker is pushing ahead with production increases

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Boeing is reporting a $149 million loss for the second quarter despite higher revenue, as the plane maker struggles with higher costs in both its airline and defense business. CEO David Calhoun said … more

Associated Press | 7/26/23

Smoke and flames are seen on a freight ship in the North Sea, about 27 kilometers (17 miles) north of the Dutch island of Ameland, Wednesday, July 26, 2023. A fire on the freight ship Fremantle Highway, carrying nearly 3,000 cars, was burning out of control Wednesday in the North Sea, and the Dutch coast guard said it was working to save the vessel from sinking close to an important habitat for migratory birds. (Kustwacht Nederland/Coastguard Netherlands via AP)

1 crew member killed in a fire on a cargo ship carrying nearly 3,000 cars in the North Sea

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A fire on a freight ship carrying nearly 3,000 cars is burning out of control in the North Sea. The Dutch coast guard says one crew member has died, others are hurt and it is working to save the … more

By MIKE CORDER | 7/26/23

Pakistan's former Prime Minister Imran Khan arrives to sign documents as he submits surety bond over his bails in different cases at an office of Lahore High Court in Lahore, Pakistan, Tuesday, July 18, 2023. (AP Photo/K.M. Chaudary)

Pakistan's Supreme Court rejects Imran Khan's request to halt his concealing assets trial

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Pakistan’s Supreme Court has rejected a petition from former Prime Minister Imran Khan about halting his trial in a lingering case involving the concealing of assets after selling state gifts. … more

By MUNIR AHMED | 7/26/23

File - Federal Reserve Chair Jerome Powell speaks after a Federal Open Market Committee meeting, June 14, 2023, at the Federal Reserve Board Building in Washington. The Federal Reserve wraps up its two-day policy meeting on Wednesday, July, 26, 2023. (AP Photo/Jacquelyn Martin, File)

A Fed still wary of inflation is set to raise rates to a 22-year peak. Will it be the last hike?

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Even after inflation has steadily eased this year, the Federal Reserve’s policymakers still think prices are rising too fast and are almost certain to lift their key interest rate by a … more

By CHRISTOPHER RUGABER | 7/26/23

Junior doctor and members of the British Medical Association (BMA) stand on the picket line outside Leeds General Infirmary at the start a five-day strike amid the continuing dispute over pay, the longest walkout of its kind in the history of the NHS, in Leeds, England, Thursday July 13, 2023. (Danny Lawson/PA via AP)

Doctors in England escalate pay dispute as they announce another 4-day walkout in August

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Tens of thousands of doctors in Britain’s state-funded health service will go on strike for a further four days in August as their pay dispute with the government shows few if any signs of … more

By PAN PYLAS | 7/26/23

Al Jazeera condemns Egypt's decision to add some of its journalists to a terrorism blacklist

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The pan-Arab news network Al Jazeera has condemned a recent decision by Egyptian authorities to brand some of its journalists as terrorists. The media outlet is owned by the Gulf state of Qatar. Al … more

7/26/23

FILE - People look at the charging technology from the Jeep Wrangler 4xe at the Stellantis booth during the CES tech show Thursday, Jan. 6, 2022, in Las Vegas. Stellantis says it will build a second U.S. electric vehicle battery factory in a joint venture with Samsung. The automaker didn't disclose the location but says in a statement Monday, July 24, 2023, that it signed a memorandum of understanding with Samsung SDI under its existing joint venture called StarPlus Energy. (AP Photo/Joe Buglewicz, File)

Stellantis profits soar 37% in first half of the year as electric vehicle sales rise

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U.S.-European carmaker Stellantis has reported a 37% boost in earnings in the first half of the year. The results Wednesday were driven by strong North America income and an increase in electric … more

7/26/23

Japan automaker Nissan reports profit rise despite China stumble, outlines Renault alliance

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Nissan and Renault have redefined its French-Japanese auto alliance into a more equal one in cross-shareholdings. The disparity between the holdings has long been a cause of friction in the alliance, … more

By YURI KAGEYAMA | 7/26/23

A woman waits at an intersection near monitors showing Japan's Nikkei 225 index at a securities firm in Tokyo, Wednesday, July 26, 2023. Asian stock markets retreated Wednesday after Wall Street hit a 15-month high ahead of a Federal Reserve meeting that traders hope will end with the final increase in this interest rate cycle. (AP Photo/Hiro Komae)

Stock market today: Asian markets are mixed ahead of what traders hope will be a final Fed rate hike

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Asian stock markets are mixed after Wall Street hit a 15-month high ahead of a Federal Reserve meeting that traders hope will end with the final increase in this interest rate cycle. Shanghai, Hong … more

By JOE McDONALD | 7/26/23

FILE - Nigel Farage speaks at the Conservative Political Action Conference, CPAC 2023, March 3, 2023, at National Harbor in Oxon Hill, Md. The chief executive of U.K. bank NatWest Group apologised Thursday July 20, 2023, to populist politician Nigel Farage after he complained that his bank account was shut down because the banking group didn't agree with his political views. (AP Photo/Alex Brandon, File)

NatWest Bank CEO ousted after furor over politician Nigel Farage's bank account

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NatWest, one of Britain’s biggest banks, says its chief executive has left her job after discussing personal details of a client — the populist politician Nigel Farage — with a journalist. The … more

By JILL LAWLESS | 7/26/23

Gaming fans dressed in cosplay outfits attend the Dubai Esports and Games Festival in Dubai, United Arab Emirates, Saturday, June 24, 2023. Saudi Arabia, the new home of some of soccer’s biggest stars and a co-owner of professional golf, is proving to be no less ambitious when it comes to another global pastime, the $180 billion-a-year video game industry. (AP Photo/Kamran Jebreili)

Saudi Arabia is spending billions to become a global gaming hub. Some fans don't want to play

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Saudi Arabia aims to become the “ultimate global hub” of the $180 billion-a-year video game industry. Over the past year it has earmarked nearly $40 billion for a new gaming conglomerate, become … more

By NICK EL HAJJ | 7/26/23

Missy Nester owner of the The Welch News sits in front of the now closed office on Wednesday, May 31, 2023, in Welch, W.Va. In March, the weekly publication in McDowell County one of the poorest counties America became another one of the quarter of all U.S. newspapers that have shuttered since 2005, a crisis Nester called "terrifying for democracy" and one that disproportionately impacts rural America. (AP Photo/Chris Carlson)

'It was like a heartbeat': Residents at a loss after newspaper shutters in declining coal county

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Months after the last newspaper closed in a declining coal community in West Virginia, residents say they are already experiencing challenges getting and sharing information. In March, The Welch News … more

By LEAH WILLINGHAM | 7/26/23

FILE - A button for ESPN+ is on a remote control in Portland, Ore., Aug. 13, 2022. ESPN chairman Jimmy Pitaro said Tuesday, July 25, 2023, it is possible the network could take on a sports league as a minority partner as the network continues to transition from a cable channel to a digital company. (AP Photo/Jenny Kane, File)

ESPN considers adding sports leagues as partners as it transitions from cable to digital

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ESPN chairman Jimmy Pitaro says the network could take on a sports league as a minority partner as the network continues its transition from a cable channel to a digital company. Pitaro made those … more

By JOE REEDY | 7/25/23

FILE - A lobster boat passes the country's first floating wind turbine off the coast of Castine, Maine, Sept. 20, 2013. Maine is poised to launch an offshore wind program to meet clean energy goals with a goal of producing enough power for about 900,000 homes from floating wind turbines in the Gulf of Maine. (AP Photo/Robert F. Bukaty)

Maine lawmakers endorse proposal that would jumpstart offshore wind projects

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Maine is poised to launch an offshore wind program that would meet clean energy goals and produce enough power for about 900,000 homes from floating wind turbines in the Gulf of Maine. The … more

By DAVID SHARP | 7/25/23

Cigna health giant accused of improperly rejecting thousands of patient claims using an algorithm

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A federal lawsuit alleges that health insurance giant Cigna used a computer algorithm to automatically reject hundreds of thousands of patient claims without examining them individually as required … more

7/25/23

As Twitter fades to X, TikTok steps up with new text-based posts

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The same day owner Elon Musk abruptly dropped Twitter's name and bird logo as part of its supposed transition to an “anything app,” TikTok impishly announced it will begin letting its users post … more

By The Associated Press | 7/25/23

Visa profits rise as global customers increasingly use credit and debit cards instead of cash

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Visa says its adjusted third-quarter profits rose by close to double digits, as the global payments company continues to benefit from broad shift of consumer behavior from cash to using credit and … more

By KEN SWEET | 7/25/23

FILE - A Pacific Western Bank branch is seen Thursday, May 4, 2023, in Westlake Village, Calif. The Banc of California announced it would buy PacWest Bancorp, the parent of Pacific Western Bank, in an all-stock transaction on Tuesday, July 25, 2023, bringing an end to three months of speculation if PacWest would be able to survive on its own after the failures of Silicon Valley Bank, First Republic and Signature Bank earlier this year. (AP Photo/Mark J. Terrill, File)

Banc of California to buy troubled PacWest Bancorp, which came close to failing earlier this year

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The Banc of California has agreed to buy PacWest Bancorp in an all-stock transaction, bringing an end to months of speculation about whether PacWest could survive on its own after the failures of … more

By KEN SWEET | 7/25/23

Rep. Jim Jordan, R-Ohio, speaks during a House Judiciary subcommittee hearing on what Republicans say is the politicization of the FBI and Justice Department and attacks on American civil liberties on Capitol Hill in Washington, Thursday, July 20, 2023. (AP Photo/Patrick Semansky)

House Republicans plan to hold Meta's Mark Zuckerberg in contempt of Congress

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Meta CEO Mark Zuckerberg is being threatened with contempt of Congress. Republican Rep. Jim Jordan says his House Judiciary Committee will vote Thursday on a resolution to hold Zuckerberg in … more

By FARNOUSH AMIRI | 7/25/23

Google rebounds from unprecedented drop in ad drop with a resurgence that pushes stock higher

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Google snapped out of an unprecedented advertising slump during its latest quarter, signaling a return to growth cycle needed to fuel investments in artificial intelligence technology that expected … more

By MICHAEL LIEDTKE | 7/25/23