National Business - The Morning Sun

FILE - A worker sits on his water tank truck next to the business tower Lakhta Centre, the headquarters of Russian gas monopoly Gazprom in St. Petersburg, Russia, Wednesday, April 27, 2022. European gas prices have risen Friday, May 13, 2022 after Russian state-owned exporter Gazprom said it would no longer send supplies to Europe via a pipeline in Poland, citing new sanctions that Moscow imposed on European energy companies. (AP Photo/Dmitri Lovetsky, File)

Russian pipeline sanctions raise fears of gas interruption

European gas prices have risen after Russian state-owned exporter Gazprom said it would no longer send supplies to Europe via a pipeline in Poland, citing new sanctions that Moscow imposed on … more

5/13/22

FILE - Democratic Unionist Party leader Jeffrey Donaldson pauses as he speaks to the media at Parliament Buildings, Stormont, Belfast, Monday, May 9, 2022. Britain and the European Union are once again at loggerheads over Brexit on Wednesday, May 11, 2022. The U.K. government has ramped up threats to scrap parts of its trade treaty with the bloc, saying the rules are preventing the formation of a new government in Northern Ireland. (AP Photo/Peter Morrison, File)

Unionists set to block N Ireland govt over Brexit trade spat

Northern Ireland’s second-biggest political party says it will block the formation of a working Belfast legislature, deepening political deadlock over post-Brexit trade rules. The Democratic … more

By JILL LAWLESS | 5/13/22

President Joe Biden speaks in the South Court Auditorium on the White House complex in Washington, on May 10, 2022. The Biden administration is taking first steps to release $45 billion to ensure that every American has access to high-speed internet by roughly 2028, inviting governors and other leaders on Friday to start the application process. (AP Photo/Manuel Balce Ceneta)

Biden administration to release $45B for nationwide internet

The Biden administration is taking the first steps to release $45 billion to ensure every U.S. resident has access to high-speed internet by roughly 2028. The administration is inviting governors and … more

By JOSH BOAK | 5/13/22

FILE - Sri Lanka's former president Mahinda Rajapaksa, left, along with his brothers former defense secretary Gotabaya Rajapaksa, center, and former economics development minister Basil Rajapaksa, attend a meeting at their party office with local politicians in Colombo, Sri Lanka, July 4, 2018. With one brother president, another prime minister and three more family members cabinet ministers, it appeared that the Rajapaksa clan had consolidated its grip on power in Sri Lanka after decades in and out of government. With a national debt crisis spiraling out of control, it looks like the dynasty is nearing its end with Prime Minister Mahinda stepping down on Monday, May 9, 2022, and the three Rajapaksas resigning their cabinet posts in April, but the family is not going down without a fight. (AP Photo/Eranga Jayawardena, File)

Sri Lankan power family falls from grace as economy tanks

With one brother president, another prime minister and three more family members cabinet ministers, it appeared that the Rajapaksa clan had consolidated its grip on power in Sri Lanka after decades … more

By DAVID RISING and KRUTIKA PATHI | 5/13/22

A vendor sells take away food near barriers set up to keep customers spread out on Friday, May 13, 2022, in Beijing. (AP Photo/Ng Han Guan)

Shanghai will try to ease 7-week virus lockdown in few days

An official says Shanghai will try again to reopen in a few days after it has eliminated COVID-19 transmission among the population at large. An outbreak is waning in the city that is now in the … more

5/13/22

FILE— A sign directing where patients can park is displayed outside a medical facility in Sacramento, Calif., Wednesday, April 27, 2022. California lawmakers approved a bill, Thursday, May, 12, 2022, that would increase the amount of money people in California could receive who get hurt because of a doctor's negligence. (AP Photo/Rich Pedroncelli, File)

California lawmakers raise awards for malpractice lawsuits

The California Legislature has voted to increase how much money people can win in medical malpractice lawsuits. Since 1975, the that Californians could win for pain and suffering in a medical … more

By ADAM BEAM | 5/12/22

Starting wages are advertised on a sign in the window of a Taco Bell in Sacramento, Calif., Monday, May 9, 2022. Gov. Gavin Newsom's administration announced on Thursday May 12, 2022, that soaring inflation will trigger an automatic increase in California's minimum wage to $15.50 per hour next year. (AP Photo/Rich Pedroncelli)

Inflation triggers California minimum wage increase in 2023

California's minimum wage will increase to $15.50 per hour next year. That increases the minimum wage from $15 per hour for companies with 25 or more workers and $14 per hour for companies with 25 … more

By ADAM BEAM | 5/12/22

FILE -- Gov. Brian Kemp stands next to a Rivian electric truck while announcing the company's plans to build a $5 billion plant east of Atlanta projected to employ 7,500 workers, Thursday, Dec. 16, 2021, in Atlanta. Georgia officials could announce a second massive electric vehicle plant to be built by Hyundai near Savannah in coming days. (AP Photo/John Bazemore, File)

Sources: Hyundai to set $7B US plant during Biden Asia visit

A U.S. official familiar with the project says South Korean automaker Hyundai Motor Group is expected to announce its plans next week to build a massive electric vehicle plant near Savannah, Georgia. … more

By JEFF AMY and AAMER MADHANI | 5/12/22

FILE - An oil drilling rig is pictured at sunset, Monday, March 7, 2022, in El Reno, Okla. A federal appeals court in New Orleans hears arguments Tuesday, May 10, 2022, about whether President Joe Biden legally suspended new oil and gas lease sales because of climate change worries. (AP Photo/Sue Ogrocki, File)

Biden cancels offshore oil lease sales in Gulf Coast, Alaska

The Biden administration says it is canceling three oil and gas lease sales scheduled in the Gulf of Mexico and off the coast of Alaska. That will remove millions of acres from possible drilling as … more

By MATTHEW DALY | 5/12/22

Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, May 4, 2022 in Washington. The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by a sizable half-percentage point. (AP Photo/Alex Brandon)

Powell: 'Soft' economic landing may be out of Fed's control

Federal Reserve Chair Jerome Powell, fresh off winning Senate confirmation for a second four-year term, for the first time Thursday acknowledged that high inflation and economic weakness overseas … more

By CHRISTOPHER RUGABER | 5/12/22

FILE - Tesla CEO Elon Musk attends the opening of the Tesla factory Berlin Brandenburg in Gruenheide, Germany, Tuesday, March 22, 2022. Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Musk and his $44 billion bid to buy the social media platform. Of the two, Musk's electric vehicle company has fared worse, with its stock down almost 16% so far this week to $728. (Patrick Pleul/Pool via AP, File)

Tesla, Twitter shares drop as Elon Musk's legal issues grow

Shares of Tesla and Twitter have tumbled this week. Investors are dealing with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion bid to buy the social media … more

By TOM KRISHER | 5/12/22

From left, Victoria Nuland, Under Secretary of State and Political Director at the U.S. Department of State, Elizabeth Truss, Foreign Minister of the United Kingdom, Jean-Yves Le Drian, Foreign Minister of France, Melanie Joly, Foreign Minister of Canada, Hayashi Yoshimasa, Foreign Minister of Japan, Annalena Baerbock, Luigi Di Maio, Foreign Minister of Italy, and Josep Borrell, High Representative of the EU for Foreign Affairs and Security Policy, walk at the summit of foreign ministers of the G7 group of leading democratic economic powers, in Weissenhäuser Strand, Thursday, May 12, 2022. The meeting under German presidency will be chaired by Foreign Minister. In addition to the USA and Germany, the G7 also includes Great Britain, France, Italy, Canada and Japan. (Marcus Brandt/pool photo via AP)

G7 foreign ministers meet to discuss Ukraine war, impacts

Top diplomats from the Group of Seven wealthy nations are gathering in northern Germany to discuss the war in Ukraine. Energy and food security, relations with China and climate change will also be … more

5/12/22

CEO of FTX crypto exchange buys big stake in Robinhood

The CEO of cryptocurrency exchange FTX has bought a 7.6% stake in Robinhood Markets. That's according to a filing with U.S. regulators on Thursday. Samuel Bankman-Fried said in the filing that he … more

5/12/22

FILE - The Twitter application is seen on a digital device, Monday, April 25, 2022, in San Diego. In the latest sign of turmoil inside Twitter amid Elon Musk's planned buyout of the company, a Twitter general manager, Kayvon Beykpour, is leaving after 7 years. In a series of tweets Thursday, May 12, Beykpour said CEO Parag Agrawal “asked me to leave after letting me know that he wants to take the team in a different direction.” (AP Photo/Gregory Bull, File)

Managers fired from Twitter amid Musk buyout turmoil

In the latest sign of turmoil inside Twitter amid Elon Musk's planned buyout of the company, a Twitter general manager, Kayvon Beykpour, is leaving after 7 years. In a series of tweets Thursday, … more

By BARBARA ORTUTAY | 5/12/22

FILE - In this July 9, 2021, file photo, Cleveland Guardians manager Terry Francona watches in the fifth inning of a baseball game against the Kansas City Royals in Cleveland. The Cleveland Guardians reported no new COVID-19 cases on Thursday, May 12, 2022 a day after an outbreak inside their clubhouse caused a postponement in Chicago and sent manager Terry Francona and five coaches home from a road trip. (AP Photo/Tony Dejak, File)

Guardians have no new COVID-19 cases, coach Willis to manage

The Cleveland Guardians reported no new COVID-19 cases after an outbreak inside their clubhouse on Wednesday in Chicago caused a postponement and sent manager Terry Francona and five coaches home … more

By TOM WITHERS | 5/12/22

FILE - Phoenix Mercury center Brittney Griner during the first half of Game 2 of basketball's WNBA Finals against the Chicago Sky, Oct. 13, 2021, in Phoenix. As WNBA star and two-time U.S. Olympic gold medalist Brittney Griner approaches the three-month mark of her detention in Russia, she faces no clear prospect of release. The Phoenix Mercury All-Star center may as early as Friday May 12, 2022, face a Moscow court hearing, which is likely to extend her pre-trial detention (AP Photo/Rick Scuteri, File)

EXPLAINER: WNBA star Brittney Griner's detention in Russia

As WNBA star and two-time Olympic gold medalist Brittney Griner approaches the three-month mark of her detention in Russia, she has no clear prospect of release. The Phoenix Mercury All-Star center … more

5/12/22

People attend a protest in solidarity with a woman who was denied an abortion despite her fetus having serious health problems, in Zagreb, Croatia, Thursday, May 12, 2022. The case has sparked public outrage and rekindled a years-long debate about abortion in Croatia, a member of the European Union. (AP Photo)

Thousands rally in Croatia after woman denied abortion

Thousands have rallied across Croatia in solidarity with a woman who was denied an abortion despite her fetus having serious health problems. Protests demanding better public health system and … more

5/12/22

Senate confirms Powell for 2nd term as Fed fights inflation

The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell’s high-stakes efforts to curb the highest inflation in four … more

By CHRISTOPHER RUGABER | 5/12/22

Treasury Secretary Janet Yellen testifies during a House Committee on Financial Services hearing on the Annual Report of the Financial Stability Oversight Council, Thursday, May 12, 2022 on Capitol Hill in Washington. (Graeme Jennings/Pool photo via AP)

Crypto meltdown prompts Yellen to call for new regulation

Treasury Secretary Janet Yellen, responding to the recent sharp decline in cryptocurrencies, says additional federal regulation is needed to respond to the wave of speculative investment in the … more

By FATIMA HUSSEIN | 5/12/22

In this handout photograph provided by the Sri Lankan President's Office, President Gotabaya Rajapaksa, right, greets Ranil Wickremesinghe during the latter's oath taking ceremony as the new prime minister in Colombo, Sri Lanka, Thursday, May 12, 2022. Wickremesinghe has been reappointed in an effort to bring stability to the island nation engulfed in a political and economic crisis. (Sri Lankan President's Office via AP)

Party official: Wickremesinghe to be appointed Sri Lankan PM

A party official says five-time former Sri Lankan Prime Minister Ranil Wickremesinghe will be reappointed in an effort to bring stability to the island nation, engulfed in a political and economic … more

By KRISHAN FRANCIS | 5/12/22