World Mar 13 U.S. eases some sanctions on Russian oil, but crude prices remain high The move, intended to soothe jittery markets over the disruption of Middle Eastern oil and gas supplies, underlines how the war has boosted Moscow's ability to profit from its energy exports, a pillar of the Kremlin’s budget as it presses its invasion of…
World Feb 23 EU pauses U.S. trade deal as it seeks clarity over Trump's new 15% global tariffs Frustrated European officials pushed Monday for clarification on how U.S. President Donald Trump's declaration of a 15% global tax on imports would affect the trade deal they struck with Trump this summer as EU legislators hit pause on the deal's ratification until they get…
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.