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Today: March 16, 2025
Today: March 16, 2025
DAVID McHUGH

DAVID McHUGH

Staff Writer

Latest From DAVID McHUGH

Business|Europe|News|Technology

Commercial jet maker Airbus is staying humble even as Boeing flounders. There's a reason for that

Europe’s Airbus had established a clear sales lead over Boeing even before the American company encountered more fallout from manufacturing troubles and ongoing safety concerns

Commercial jet maker Airbus is staying humble even as Boeing flounders. There's a reason for that
Economy|Europe|News|World

With Ukraine losing ground, allies debate how to squeeze cash for Kyiv out of frozen Russian assets

Ukraine's allies are looking for ways to squeeze money out of frozen Russian assets and use it to help Kyiv fend off Moscow's invasion

With Ukraine losing ground, allies debate how to squeeze cash for Kyiv out of frozen Russian assets
Economy|Finance|News|US|World

US pushes for Ukraine aid, united front against China's trade practices at G7 finance meeting

The U.S. is seeking to build support for squeezing more money for Ukraine out of frozen Russian assets as finance ministers from the Group of Seven rich democracies open a two-day meeting Another key topic pushed by U.S. Treasury Secretary Janet Yellen will be building a united front against China’s subsidies for solar panels and electric cars

US pushes for Ukraine aid, united front against China's trade practices at G7 finance meeting
Economy|Finance|News|World

G7 officials make progress but no final deal on money for Ukraine from frozen Russian assets

Finance officials from the Group of Seven rich democracies say they have moved toward agreement on a U.S. proposal to squeeze more money for Ukraine from Russian assets frozen in their countries

G7 officials make progress but no final deal on money for Ukraine from frozen Russian assets
Economy|Europe|Finance

Inflation ticked up in Europe in May. That likely won't stop a central bank rate cut next week

Inflation ticked up to an annual 2.6% in Europe in May

Inflation ticked up in Europe in May. That likely won't stop a central bank rate cut next week
Business|Economy|News|World

Oil producers led by Saudis extended supply cuts amid slack prices

Saudi Arabia and allied oil producing countries have extended their deep output cuts aimed at supporting slack prices

Oil producers led by Saudis extended supply cuts amid slack prices
Business|Economy|Europe|Finance|Stock Markets|US|World

Europe Central Bank jumps ahead of the Fed in lowering rates. But future cuts may be limited

The European Central Bank cut its key interest rate by a quarter-point, moving ahead of the U.S. Federal Reserve as central banks around the world lean toward lowering borrowing costs — a shift with far-reaching consequences for home buyers, savers and investors

Europe Central Bank jumps ahead of the Fed in lowering rates. But future cuts may be limited
Business|Economy|Europe|Technology

Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry

The European Union is moving to hike tariffs on electric vehicles made in China

Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry
Economy|Europe|Finance

Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts

Inflation is on the way down in Europe

Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts
Asia|Business|Economy|Europe|Technology

Europe is slapping tariffs on Chinese electric vehicles — for now. Here's what to know

The European Union is moving to sharply increase customs duties on electric vehicles made in China

Europe is slapping tariffs on Chinese electric vehicles — for now. Here's what to know
Economy|Europe|Finance

European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control

The European Central Bank left its key interest rate benchmark unchanged Thursday as its rate-setting council and President Christine Lagarde take their time to make sure stubborn inflation is firmly under control before lowering rates again

European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control
Business|News|Technology|World

A faulty software update causes havoc worldwide for airlines, hospitals and governments

A global technology outage grounded flights, knocked banks offline and media outlets off air after a faulty software update disrupted companies and services around the world and highlighted their dependence on just a handful of providers

A faulty software update causes havoc worldwide for airlines, hospitals and governments
Entertainment|Lifestyle|Sports

Bernard Arnault has been dubbed the Olympics' godfather. Here's how he built LVMH's fortune

These may be the most luxurious Olympics ever

Bernard Arnault has been dubbed the Olympics' godfather. Here's how he built LVMH's fortune
Business|Economy|Europe

EXPLAINER: Why is natural gas still flowing from Russia to Europe across Ukraine?

It might sound improbable, but Europe is still importing Russian natural gas through pipelines in Ukraine

EXPLAINER: Why is natural gas still flowing from Russia to Europe across Ukraine?
Crime|MidEast|News

The suspect in the Germany attack was motivated by Islamic State group ideology, prosecutors say

A 26-year-old Syrian man has been ordered held on suspicion of murder and membership in a terrorist organization in connection with the Solingen knife attack

The suspect in the Germany attack was motivated by Islamic State group ideology, prosecutors say
Economy|Europe|News

Inflation fell to 2.2% in Europe, clearing the way for a European Central Bank rate cut in September

Inflation is down in Europe

Inflation fell to 2.2% in Europe, clearing the way for a European Central Bank rate cut in September
Business|Economy|Europe

Volkswagen aims to cancel a no-layoffs pledge and won't rule out closing plants in Germany

Volkswagen says it's not getting the cost reductions that it needs - and won't rule out plant closings in its home country Germany

Volkswagen aims to cancel a no-layoffs pledge and won't rule out closing plants in Germany
Business|Crime|Economy|Finance

Former Volkswagen boss Winterkorn goes on trial over diesel cars rigged to cheat on emissions tests

Former Volkswagen Group CEO Martin Winterkorn has gone on trial on charges of fraud and market manipulation

Former Volkswagen boss Winterkorn goes on trial over diesel cars rigged to cheat on emissions tests
Business|Europe

As Volkswagen weighs its first closure of a German auto plant, workers aren't the only ones worried

Volkswagen is considering closing some factories in its home country for the first time in the German automaker’s 87-year history

As Volkswagen weighs its first closure of a German auto plant, workers aren't the only ones worried
Business|Economy|Europe

Mario Draghi has solutions for Europe's sluggish economy. Will EU governments listen?

A long-awaited report on how to rescue Europe’s economy from weak growth and red tape is in

Mario Draghi has solutions for Europe's sluggish economy. Will EU governments listen?
Business|Economy|Europe|Finance

Inflation's down and the European Central Bank has cut rates, again. Next up: The Fed

With inflation subsiding, the European Central Bank is cutting its benchmark interest rate to prop up tepid growth with lower borrowing costs for companies and home buyers

Inflation's down and the European Central Bank has cut rates, again. Next up: The Fed
Economy|Europe|Finance|News

Inflation in Europe falls below 2% and opens the way for faster rate cuts

Inflation in the 20 countries that use the euro fell to 1.8% in September, below the European Central Bank’s target of 2% for the first time in more than three years

Inflation in Europe falls below 2% and opens the way for faster rate cuts
Political|World

Israel's wars are expensive. Paying the bill could force tough choices

On top of the grievous toll in human life and misery, Israel’s war against the Hamas and Hezbollah militant groups has been expensive

Israel's wars are expensive. Paying the bill could force tough choices
Business|Economy|Europe|Technology

What to know about Europe's tariffs on Chinese electric vehicles

The European Union has finalized its sharply higher customs duties on electric vehicles imported from China

What to know about Europe's tariffs on Chinese electric vehicles
Economy|Europe|Finance

U.S. protectionism could undermine modest growth forecast for eurozone, says EU Commission

The economy of the European Union is headed for only modest growth in coming months as consumers regain some of the purchasing power they lost to inflation, the bloc's executive commission said Friday

U.S. protectionism could undermine modest growth forecast for eurozone, says EU Commission

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