Alexa

OPEC cartel, allies face decision on increasing oil output

FRANKFURT, Germany (AP) — Members of oil producer cartel OPEC and allied countries are weighing an increase in production now that prices have recovered to near their pre-pandemic levels. ...

Nigeria's Okonjo-Iweala to head struggling world trade body

FRANKFURT, Germany (AP) — Nigeria's Ngozi Okonjo-Iweala was appointed Monday to head the leading international trade body as it seeks to to resolve disagreements over how it decides cases involving bi...

ECB's Lagarde: Pandemic continues to threaten economy

FRANKFURT, Germany (AP) — The head of the European Central Bank says the winter surge in COVID-19 cases and the emergence of mutated variants of the virus pose a “significant downside risk” to the eco...

Automaker Daimler to spin off trucks business, change name

FRANKFURT, Germany (AP) — German automaker Daimler will split itself into two independent companies by spinning off its truck and bus division, a move the company said would give both the freedom to o...

Debate heats up over how countries tax Big Tech companies

FRANKFURT, Germany (AP) — An international debate over how countries tax big U.S. technology companies such as Google, Amazon and Facebook is heating up, presenting a challenge for new President Joe B...

European Central Bank faces gloomier picture for economy

FRANKFURT, Germany (AP) — The European Central Bank is looking at a darkening picture for the economy as infections and deaths surge. With more than a trillion euros of pandemic stimulus still in the...

Volkswagen triples electric car sales ahead of climate rules

FRANKFURT, Germany (AP) — Europe's push into electric cars is gathering speed — despite the pandemic. Automaker Volkswagen tripled sales of battery-only cars in 2020 as its new elec...

Volkswagen board issues vote of confidence in CEO Diess

FRANKFURT, Germany (AP) — The board of automaker Volkswagen has given CEO Herbert Diess a public show of support for his push into digital and electric cars after media reports Diess had clashed with ...

Virus-hit European economy likely to get stimulus shot

FRANKFURT, Germany (AP) — The European Central Bank is expected to unleash a half-trillion euros ($600 billion) or more in stimulus on Thursday to support businesses, workers and governments through t...

As infections rise, European Central Bank prepares stimulus

FRANKFURT, Germany (AP) — The European Central Bank is expected to unleash another blast of stimulus on Thursday to help businesses bridge the gap until the economy recovers from the pandemic - and to...

OPEC talks on production hit snag as pandemic clouds outlook

FRANKFURT, Germany (AP) — The OPEC oil producers' cartel was to push ahead with a new round of discussions Tuesday about how much oil to pump next year as countries wrestled over whether to extend pro...

EU faces knotty trade fights with US _ no matter who wins

FRANKFURT, Germany (AP) — After winemakers, cookie bakers, and olive growers wound up as collateral damage, Europe is closely watching the U.S. presidential election, waiting to see whether the next f...

Eurozone growth soars record 12.7% but fears grow for winter

FRANKFURT, Germany (AP) — The European economy grew by an unexpectedly large 12.7% in the third quarter as companies reopened after severe coronavirus lockdowns, but the rebound is being overshadowed ...

European Central Bank holds off on strengthening stimulus

FRANKFURT, Germany (AP) — The European Central Bank held off from strengthening its stimulus programs despite growing concern that a renewed surge in COVID-19 cases could stall the economy’s recovery ...

Nonprofit app aims to help unblock global air travel

FRANKFURT, Germany (AP) — A public-interest foundation is testing a smartphone app that could make it easier for international airline passengers to securely show they've complied with COVID-19 testin...