Global economic coordination lacking in virus crisis

FRANKFURT, Germany (AP) — With the global economy melting down after the failure of Lehman Brothers in 2008, world leaders swiftly created an international forum that committed to boost economies by s...

European Central Bank expected to take stimulus action

FRANKFURT, Germany (AP) — The European Central Bank is expected to announce Thursday new measures to cushion the economy against the disruption from the virus outbreak. The central ...

Facing recession, Europe grasps for ways to limit damage

FRANKFURT, Germany (AP) — Suddenly staring recession in the face, European leaders are lining up an array of tax breaks, financial support for companies and likely central bank measures in the hope of...

Clash of titans: How Saudi-Russian fight is melting markets

FRANKFURT, Germany (AP) — A clash of the oil titans - Saudi Arabia and Russia - is sending shock waves through energy markets, with wide-ranging implications for consumers and oil companies, including...

ECB's Lagarde: 'Ready to take targeted action' on economy

FRANKFURT, Germany (AP) — The head of the European Central Bank said Monday that Europe's top monetary authority is ready to take “appropriate and targeted measures” if necessary to support the econom...

No ice wine for you: Warm winter nixes special German wine

FRANKFURT, Germany (AP) — A warm winter means that, for apparently the first time in the history of German winemaking, the country's fabled vineyards will produce no ice wine — a pricey, golden nectar...

Virus outbreak chills markets, outlook for global economy

FRANKFURT, Germany (AP) — The widening coronavirus outbreak threatens to seriously disrupt the global economy, just as it was steadying itself against headwinds from the U.S.-China trade dispute. ...

European carmakers build out charging network for electrics

FRANKFURT, Germany (AP) — European automakers' network of highway charging stations for battery-powered vehicles is taking shape ahead of an expected surge in electric car sales as manufacturers striv...

Report: Global air crash deaths fall more than half in 2019

FRANKFURT, Germany (AP) — The number of deaths in major air crashes around the globe fell by more than half in 2019, according to a report by an aviation consulting firm. The To70 co...

Volkswagen raises forecast for electric car production

FRANKFURT, Germany (AP) — Automaker Volkswagen is raising the bar for its plunge into battery powered cars, saying it will reach its goal of 1 million electric cars per year two years earlier than pla...

New European Central Bank chief holds her first rate meeting

FRANKFURT, Germany (AP) — Newly appointed European Central Bank head Christine Lagarde makes her first official assessment Thursday of the mixed bag that is the eurozone economy, which suffers from sl...

Europe's new central bank chief faces slow growth, dissent

FRANKFURT, Germany (AP) — Mario Draghi took over as head of the European Central Bank eight years ago amid market speculation that the euro currency union might break up. Christine Lagarde succeeds hi...

As economy slows, new ECB head Lagarde faces big challenges

FRANKFURT, Germany (AP) — Europe's economy is losing strength. Top officials at the European Central Bank are at odds over policy. And it's even unclear whether they can do much to help anyway. ...

Draghi stepped in during euro's darkest hour

FRANKFURT, Germany (AP) — Mario Draghi leaves as head of the European Central Bank credited with having rescued the eurozone from disaster with a well-timed phrase and bold action to back up his words...

Draghi era ends with divisions over latest stimulus

FRANKFURT, Germany (AP) — European Central Bank chief Mario Draghi, whose vow to do "whatever it takes" is seen as a turning point the eurozone's debt crisis, presides over his last policy meeting and...