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Today: March 15, 2025
Today: March 15, 2025
DAVID McHUGH

DAVID McHUGH

Staff Writer

Latest From DAVID McHUGH

Business|Economy|Europe|Political|World

Canada and the EU swiftly retaliate against Trump's steel and aluminum tariffs

Canada and the European Union swiftly hit back at increased steel and aluminum tariffs imposed by U.S. President Donald Trump

Canada and the EU swiftly retaliate against Trump's steel and aluminum tariffs
Business|Economy|Europe|Finance|Political|US

European Central Bank cuts rates again as threat of trade war with Trump weighs on economy

The European Central Bank is cutting interest rates by a quarter percentage point, lowering credit costs for consumers and businesses to support an economy that is struggling to show solid growth

European Central Bank cuts rates again as threat of trade war with Trump weighs on economy
Business|Economy|Election|Europe|Political

Germany to ease government debt limits in major step aimed at boosting economy, defense spending

The two political parties expected to form the next German government have agreed to significantly loosen the country’s constitutional restriction on deficits, enabling 1 trillion euros ($1.08 trillion) or more in new borrowing and spending on defense and infrastructure

Germany to ease government debt limits in major step aimed at boosting economy, defense spending
Business|Economy|Europe|Finance

Inflation eases to 2.4% in Europe, supporting likely central bank rate cut

Inflation in Europe eased to 2.4% in February, supporting the case for another interest rate cut from the European Central Bank but leaving open how far the central bank will go in lowering borrowing costs

Inflation eases to 2.4% in Europe, supporting likely central bank rate cut
Business|Economy|Election|Europe|Political

German business leaders say new government must act quickly to rescue stagnant economy

Germany’s businesses have been frustrated by government inaction on the stagnating economy

German business leaders say new government must act quickly to rescue stagnant economy
Business|Economy|Europe

Germany's economy is in the dumps. Here are 5 reasons why

Germany hasn’t seen significant economic growth in five years

Germany's economy is in the dumps. Here are 5 reasons why
Business|Economy|Election|Europe|Political

Fixing Germany's economy is a critical task for the country's next government

Germany needs a new business model to get its stalled economy going again

Fixing Germany's economy is a critical task for the country's next government
Business|Economy|Europe|Political

European Central bank cuts benchmark rate by a quarter percentage point to boost stagnant economy

The European Central Bank is cutting its key interest rate, a step to boost an economy that’s struggling to grow as consumers burned by inflation warily eye price tags and businesses try to chart a course amid political turmoil in leading economies France and Germany

European Central bank cuts benchmark rate by a quarter percentage point to boost stagnant economy
Business|Economy|Europe|Political|World

As elite Davos event ends, some hail 'constructive optimism' despite divisions, suffering in world

The World Economic Forum's annual gathering of elites in Davos has ended with many business leaders, world-class academics, top government officials and other elites casting an upbeat tone about economic prospects, efforts to end wars and technological progress

As elite Davos event ends, some hail 'constructive optimism' despite divisions, suffering in world
Business|Economy|Europe|Finance

Europe's central bank hikes key interest rate to record high even as recession threat grows

The European Central Bank has hiked its key interest rate to a record high

Europe's central bank hikes key interest rate to record high even as recession threat grows
Business|Europe|News

Germany went from envy of the world to the worst-performing major developed economy. What happened?

Germany racked up one economic success after another for most of this century

Germany went from envy of the world to the worst-performing major developed economy. What happened?
Business|Economy|Finance|News

Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war

Oil prices are up, and that affects people far and wide

Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war
Business|Economy|Europe|Finance

Interest rates will stay high 'as long as necessary,' the European Central Bank's leader says

The head of the European Central Bank says interest rates will stay high long enough to restrict business activity for “as long as necessary” to beat back inflation because upward pressure on prices “remains strong.”

Interest rates will stay high 'as long as necessary,' the European Central Bank's leader says
Economy|Europe|Finance

Inflation drops to a two-year low in Europe. It offers hope, but higher oil prices loom

Inflation has dropped sharply in Europe

Inflation drops to a two-year low in Europe. It offers hope, but higher oil prices loom
Economy|News|US|World

IMF expects continuing US support for Ukraine despite Congress dropping aid

The International Monetary Fund says it expects the U.S. to continue playing its key role in amassing multinational support that has helped keep Ukraine’s economy afloat during Russia’s invasion

IMF expects continuing US support for Ukraine despite Congress dropping aid
Economy|News|World

IMF outlook worsens for a 'limping' world economy. Mideast war poses new uncertainty

The International Monetary Fund warns that the world economy has lost momentum from the impact of higher interest rates, the invasion in Ukraine and widening geopolitical rifts

IMF outlook worsens for a 'limping' world economy. Mideast war poses new uncertainty
Economy|Environment|Science|Technology

Electrical grids aren't keeping up with the green energy push. That could risk climate goals

Stalled spending on electrical grids worldwide is slowing the rollout of renewable energy and could put efforts to limit climate change at risk if millions of miles of power lines aren't added or refurbished in the next few years

Electrical grids aren't keeping up with the green energy push. That could risk climate goals
Economy|MidEast|News|World

Long lines at gas pump unlikely, but Middle East crisis could disrupt oil supplies, raise prices

Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and raise prices

Long lines at gas pump unlikely, but Middle East crisis could disrupt oil supplies, raise prices
Economy|Europe|News|World

A price cap on Russian oil aims to starve Putin of cash. But it's largely been untested. Until now

Prices for Russian oil have risen well above a price cap imposed by Western allies as part of sanctions over the invasion of Ukraine

A price cap on Russian oil aims to starve Putin of cash. But it's largely been untested. Until now
Economy|MidEast|News|World

Gaza has oil markets on edge. That could build more urgency to shift to renewables, IEA head says

Oil prices are up and markets are tense after the outbreak of war in Gaza

Gaza has oil markets on edge. That could build more urgency to shift to renewables, IEA head says
Business|Economy|Europe|Finance

Europe's central bank halts rate hikes as war in the Middle East casts a shadow over the economy

The European Central Bank has taken a break from interest rate increases

Europe's central bank halts rate hikes as war in the Middle East casts a shadow over the economy
Economy|Europe

Europe's inflation eased to 2.9% in October thanks to lower fuel prices. But growth has vanished

The inflation that has been wearing on European consumers fell sharply to 2.9% in October, its lowest in more than two years as fuel prices fell and rapid interest rate hikes from the European Central Bank took hold

Europe's inflation eased to 2.9% in October thanks to lower fuel prices. But growth has vanished
Economy|Europe|Finance

International Monetary Fund warns Europe against prematurely declaring victory over inflation

The International Monetary Fund says the European Central Bank and other policymakers across Europe need to keep interest rates at current elevated levels until they’re sure inflation is under control despite sluggish growth

International Monetary Fund warns Europe against prematurely declaring victory over inflation
Business|Celebrity|Entertainment|Fashion and Beauty|Lifestyle

Adidas says it may write off remaining unsold Yeezy shoes after breakup with Ye

Adidas says it may write off the remaining 300 million euros ($320 million) worth of Yeezy shoes left unsold after it cut ties with rapper Ye, formerly known as Kanye West

Adidas says it may write off remaining unsold Yeezy shoes after breakup with Ye
Business|Economy|Europe|Finance|News

Economy has lost momentum during a tough year, EU commission says and warns of risk from Mideast

The European Union’s executive commission has lowered growth its expectations for this year and next, saying the economy “has lost momentum” as inflation discourages consumers and higher interest rates deter borrowing for purchases and investment

Economy has lost momentum during a tough year, EU commission says and warns of risk from Mideast

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