Russia-Ukraine war at 6 months: A global economy in growing danger
Martin Kopf needs natural gas to run his family's company, Zinkpower GmbH, which rustproofs steel components in western Germany.
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Nations agree to release 60M barrels of oil amid Russian war
The International Energy Agency's 31 member countries agreed Tuesday to release 60 million barrels of oil from their strategic reserves — half of that from the United States — “to...
Ruble plummets as sanctions bite, sending Russians to banks
MOSCOW (AP) — Ordinary Russians faced the prospect of higher prices and crimped foreign travel as Western sanctions over the invasion of Ukraine sent the ruble plummeting, leading uneasy depositors...
EXPLAINER: What does Ukraine invasion mean for energy bills?
Even as gunfire sounded in Ukraine's capital, natural gas kept flowing normally Friday through the major pipelines from Russia to Europe. But the invasion and accompanying sanctions are casting a...
Airlines cancel flights due to COVID staffing shortages
Airlines canceled hundreds of flights as the omicron variant jumbled schedules and drew down staffing levels at some carriers during the busy holiday travel season.
Russian pipeline faces big hurdles amid Ukraine tensions
The pipeline is built and being filled with natural gas. But Russia鈥檚 Nord Stream 2 faces a rocky road before any gas flows to Germany, with its new leaders adopting...
3 U.S.-based economists win Nobel Prize for research on wages, jobs
A U.S.-based economist won the Nobel prize for economics Monday for pioneering research that showed an increase in minimum wage does not lead to less hiring and immigrants do not...
Recovery hampered as inflation hits new highs in U.S., Europe
Inflation has reached new highs in the United States and Europe as rising energy prices and supply bottlenecks restrain an economic recovery from the pandemic in both economies.
G-7 back steps to deter tax dodging by multinational firms
The Group of Seven wealthy democracies agreed Saturday to support a global minimum corporate tax of at least 15% in order to deter multinational companies from avoiding taxes by stashing...
Okonjo-Iweala is 1st woman, African to lead world trade body
Nigerian economist Ngozi Okonjo-Iweala was appointed Monday to head the World Trade Organization, becoming the first woman and first African to take on the role amid rising protectionism and disagreement...