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US official: Russia should send more gas to Europe 'quickly'

FRANKFURT, Germany (AP) — A senior energy adviser to U.S. President Joe Biden urged Russia to supply more natural gas to Europe now rather than wait for approval of a newly completed pipeline, saying ...

German central bank chief to step down after 10 years

BERLIN (AP) — The head of Germany's central bank announced Wednesday that he will step down after a decade at the helm, removing a key hawkish voice from the European Central Bank’s governing council....

Energy crunch hits global recovery as winter approaches

Power shortages are turning out streetlights and shutting down factories in China. The poor in Brazil are choosing between paying for food or electricity. German corn and wheat farmers can't find fert...

Energy agency urges bigger global push to cut emissions

FRANKFURT, Germany (AP) — The International Energy Agency is urging governments to make stronger commitments to cut greenhouse gas emissions at an upcoming U.N. climate summit, warning the world is no...

3 US-based economists win Nobel for research on wages, jobs

STOCKHOLM (AP) — A U.S.-based economist won the Nobel prize in economics Monday for pioneering research that transformed widely held ideas about the labor force, showing how an increase in the minimum...

EXPLAINER: How global deal stems corporate use of tax havens

FRANKFURT, Germany (AP) — More than 130 countries have forged a deal on sweeping changes in how big global companies are taxed. The goal: deterring multinational companies from stas...

More than 130 countries reach deal on corporate minimum tax

FRANKFURT, Germany (AP) — More than 130 countries have agreed on sweeping changes to how big global companies are taxed, including a 15% minimum corporate rate designed to deter multinationals from st...

Russia says it could boost supplies to ease Europe gas costs

MOSCOW (AP) — Russia has the potential to boost natural gas supplies to Europe, where surging gas prices have ramped up pressure on consumers, the Kremlin said Thursday. Kremlin spok...

Oil at 7-year high after OPEC+ decides on cautious increase

FRANKFURT, Germany (AP) — Oil prices jumped Monday after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add onl...

Daimler's trucks, luxury cars to go their separate ways

FRANKFURT, Germany (AP) — Shareholders in Daimler AG, maker of Mercedes-Benz luxury cars, on Friday approved the spinoff of the company's truck division, a move intended to let the world's largest mak...

Recovery hampered as inflation hits new highs in US, Europe

WASHINGTON (AP) — Inflation has reached new highs in the United States and Europe as rising energy prices and supply bottlenecks restrain an economic recovery from the pandemic in both economies. ...

Energy prices drive Europe inflation to highest since 2008

FRANKFURT, Germany (AP) — Sharply higher oil and gas prices have pushed annual inflation in the 19 countries that use the euro to its highest in more than a decade in September. Economists and central...

European Central Bank won't overreact to fleeting inflation

FRANKFURT, Germany (AP) — Europe's current burst of inflation is temporary and won't lead the European Central Bank to “overreact” by withdrawing stimulus or raising interest rates, ECB President Chri...

OPEC long-term outlook with crude at 3-year highs: rosy

FRANKFURT, Germany (AP) — While acknowledging the inevitable advance of alternative energy sources and technology, OPEC said that oil would be the leading energy source for decades to come as crude pr...

Shortages cause 'bottleneck recession' for German industry

FRANKFURT, Germany (AP) — Shortages of semiconductor chips and other raw materials are continuing to hit Germany's manufacturers, as bottlenecks leave companies struggling to fill orders from a reboun...