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Ukraine crisis jolts Europe to push for secure energy supply

MADRID (AP) — Surging energy prices and the Russia-Ukraine conflict are making European leaders think hard about energy security — particularly their decades-old reliance on Moscow for natural gas. ...

Inflation in 19 countries using the euro hits another record

FRANKFURT, Germany (AP) — Inflation fed by high oil and gas prices hit record levels in Europe for the third month in a row, extending pain for consumers and sharpening questions about future moves by...

Growth slows at end of 2021 in 19 countries that use euro

FRANKFURT, Germany (AP) — The European economy slowed noticeably at the end of last year as surging COVID-19 cases driven by the omicron variant piled on top of supply shortages and rising energy pri...

EXPLAINER: What post-unrest reforms is Kazakhstan proposing?

MOSCOW (AP) — Kazakhstan's leader has trumpeted ambitious economic reforms following the worst unrest in the country of 19 million in three decades. The measures are aimed at reducing the state’s deep...

Germany: Party picks conservative leader for post-Merkel era

FRANKFURT, Germany (AP) — Delegates from the party of former German Chancellor Angela Merkel endorsed prominent conservative Friedrich Merz as the Christian Democratic Union's new leader Saturday as t...

Omicron leaves Germany on brink of recession as growth dips

FRANKFURT, Germany (AP) — The risk of recession is looming for Germany after Europe’s biggest economy shrank at the end of 2021 and as it faces a bumpy start to this year, with the rapid spread of COV...

UK raises interest rates as central banks focus on inflation

LONDON (AP) — The United Kingdom's central bank on Thursday became the first in a major advanced economy to raise interest rates since the coronavirus pandemic began, as banks controlling monetary pol...

Highlights of what was agreed to at the G-20 summit in Rome

ROME (AP) — Leaders of the Group of 20 countries haggled for two days in Rome over steps to tackle climate change and a pandemic recovery that is diverging between rich and poor countries. Climate cha...

German candidates clash over tax, minimum wage in close race

FRANKFURT, Germany (AP) — The three candidates bidding to succeed Angela Merkel as German chancellor clashed over taxes and pocketbook issues in a third televised debate Sunday a week before the elect...

EU unveils tough climate rules, eyes tax on foreign firms

BRUSSELS (AP) — The European Union unveiled sweeping new legislation Wednesday to help meet its pledge to cut emissions of the gases that cause global warming by 55% over this decade, including a cont...

OPEC oil alliance at impasse between Saudi Arabia and UAE

DUBAI, United Arab Emirates (AP) — Talks among members of the OPEC cartel and allied oil producing countries broke off Monday in the midst of a standoff with the United Arab Emirates over production l...

Automakers embrace electric vehicles. But what about buyers?

DETROIT (AP) — The world’s major automakers have made something abundantly clear: They believe electric vehicles will dominate their industry in the years ahead. Yet for that to hap...

Draghi brings market savvy, gravitas to tame Italy's crises

MILAN (AP) — The former European Central Bank chief credited with helping to save the euro has now been tapped to lead Italy, the eurozone's third-largest economy, out of the pandemic and the worst re...

Top central bankers: Economy needs help despite vaccine news

FRANKFURT, Germany (AP) — Three of the globe's top central banks said the world economy continues to need help despite news of progress toward a COVID-19 vaccine, with U.S. Federal Reserve Chair Jerom...

Hard hit by virus, airlines push for tests over quarantines

FRANKFURT, Germany (AP) — What will it take to get people flying again? International air traffic is down 92% this year as travelers worry about catching COVID-19 and government travel bans and quaran...