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David McHugh, Associated Press

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David’s Recent Stories

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.

World Apr 07

Nations debate response to U.S. trade war as global markets roiled

China struck a note of confidence even as markets in Hong Kong and Shanghai tumbled.

Nation Apr 07

Wall Street follows global markets with sharp declines as Trump doubles down on tariffs

The Dow earlier fell as many as 1,700 points following even worse losses worldwide on worries that Trump's tariffs could torpedo the global economy.

World Apr 03

Calls for global trade talks from countries around the globe as Trump tariffs cause worry

The measured responses from key trading partners highlighted a lack of appetite for an outright trade war.

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