Senator: Allowing college athletes NIL pay is 'huge mistake'

The fourth congressional hearing this year on how to allow college athletes to earn money from their names, images and likenesses came Tuesday with a stern warning from one senator. ...

BMW: Outbreak will slow auto industry 'for quite some time'

FRANKFURT, Germany (AP) — Automaker BMW saw net profit fall slightly in the first quarter from a year earlier, when the company had a large one-time expense. The company said it expected earnings to d...

Cracks in Europe's shared currency reappear in virus crisis

FRANKFURT, Germany (AP) — The virus outbreak is exposing cracks in the foundation of Europe's 21-year-old shared currency and festering animosities among its members, even as governments struggle to c...

Japan's SoftBank ends WeWork tender, remains behind bailout

TOKYO (AP) — Japanese technology company SoftBank Group Corp. called off its offering of up to $3 billion worth of shares in office-space rental venture WeWork, though it remains committed to its $5 b...

Mayors launch task force to oppose minor league contraction

Dozens of mayors from across the United States have formed a task force opposing a proposal by Major League Baseball to eliminate 42 affiliated minor league franchises for the 2021 season. ...

ASE unit to acquire 2nd-largest EMS supplier in Europe

ASE Technology Holding Co., the world's largest integrated circuit (IC) packaging and testing services provider, has agreed to acquire through a subsidiary the France-based Asteelflash Group, the ...

Editorial Roundup: Excerpts from recent editorials

Excerpts from recent editorials in the United States and abroad: Oct. 22 The Washington Post on evidence of potential wrongdoing in President Donald Trump's July 25...

EU court confirms Fiat must pay millions in back taxes

BRUSSELS (AP) — A top European court has ruled that automaker Fiat will have to pay up to 30 million euros ($33 million) in back taxes to Luxembourg. The Luxembourg-based General Cou...

Italian court upholds $2 million fine against Ryanair

MILAN (AP) — A court in Rome has confirmed a 1.85 million-euro ($2 million) fine against low-cost carrier Ryanair for improperly cancelling numerous flights during September and October 2017. ...

Mobile home residents hit with soaring rent after hurricanes

LUMBERTON, N.C. (AP) — For eight years, James Lesane paid what he could for his mobile home lot rental every month — $150. But in February, five months after Hurricane Florence flooded the Lumberton r...

BMW CEO to step down after disappointing business results

FRANKFURT, Germany (AP) — BMW says CEO Harald Krueger is stepping down and that the company's board will meet later this month to discuss a successor. Friday's news comes after BMW l...

Editorial Roundup: Excerpts from recent editorials

Excerpts from recent editorials in the United States and abroad: ___ July 3 The Chicago Tribune on the two deaths that one family hopes will spark...

World Bank unit implicated in Latin America graft scandal

BOGOTA, Colombia (AP) — María Victoria Guarín was a key adviser on Colombia's biggest-ever transportation project: a 1,000-kilometer (620-mile) highway across mountainous terrain connecting the capita...

Qualcomm 5G center breaks ground in Taiwan

TAIPEI (Taiwan News) – A groundbreaking ceremony was held at Hsinchu Science Park on Thursday (June 27) for a new building complex for Qualcomm, an American semiconductor multinational. The c...

IOC president cautions against profit-driven sports events

LAUSANNE, Switzerland (AP) — IOC President Thomas Bach has called on local governments to resist promoting independently run sports events that he believes go against the Olympic ideal. ...