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David McHugh, Associated Press

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David’s Recent Stories

Economy Jan 23

Economic leaders at Davos say global growth is resilient despite trade disruptions by Trump

Leading global economic policymakers at the World Economic Forum in Davos urged countries and businesses to filter out the turmoil from a week of clashes with the Trump administration and focus on boosting growth and fighting inequality in a world…

Economy Jan 13

Top central bankers back Fed chair Powell with 'full solidarity' in clash with Trump

Central bankers from around the world said Tuesday they “stand in full solidarity” with U.S. Federal Reserve Chair Jerome Powell, after President Donald Trump dramatically escalated his confrontation with the Fed with the Justice Department investigating and threatening criminal charges.

World Dec 16

EU plans to ease 2035 ban on internal combustion cars as auto industry seeks flexibility

The EU's commission is responding to appeals from carmakers for a more flexible approach. The new limit still needs approval by the EU parliament and member governments.

World Nov 17

Russia's slowing wartime economy pushes Kremlin to increase taxes and fees

Russia's economy has slowed after two years of robust growth fueled by the war in Ukraine. That's opening a hole in the Kremlin's budget, and President Vladimir Putin is looking for money to cover the deficit.

Economy Oct 10

WATCH: Nobel economics prize goes to 3 researchers for explaining innovation-driven economic growth

Three researchers who probed the process of business innovation won the Nobel memorial prize in economics Monday for explaining how new products and inventions promote economic growth and human welfare, even as they leave older companies in the dust.

World Sep 12

Russia cuts interest rate to 17% as wartime economy slows while deficit grows

The bank’s inflation warnings in its policy statements underlined the stresses in the Kremlin’s wartime economy.

Economy Aug 21

The U.S. and EU release a bare-bones account of their trade deal, but it's a work in progress

Officials have left blank key areas such as wine and spirits as well as steel. And they've indicated that talks will continue on those and a slew of other important sectors.

Politics May 26

EU trade negotiator says he's had 'good calls' with U.S. after Trump extends tariff deadline

The European Union's chief trade negotiator said Monday the EU was “fully committed” to reaching a trade deal by a July 9 deadline, after Trump agreed to delay his threatened 50% tariff — or import tax — on European goods.

World May 21

World's supply of clean energy minerals is concentrated in fewer countries, report says

The world's sources of critical minerals are increasingly concentrated in just a few countries, most notably China, leaving the global economy vulnerable to supply cutoffs that could disrupt industry and hit consumers with higher prices, a report said Wednesday.

Politics May 12

U.S. and China reach temporary deal to reduce sky-high tariffs for 90 days, plan more talks

Stock markets rose sharply as the globe's two major economic powers took a step back from a clash that has unsettled the global economy.

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