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FILE -The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria, March 3, 2022. A street sign that says „one way" is positioned below the logo. (AP Photo/Lisa Leutner, File)

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Key members of OPEC+ alliance are putting off production increases amid slack crude prices
By DAVID MCHUGH - AP Business Writer
Thu,12/05/24-5:07AM , 119 Reads
FRANKFURT, Germany (AP) — Eight members of the OPEC+ alliance of oil exporting countries decided Thursday to put off increasing oil production as they face weaker than expected demand and competing production from non-allied countries — factors that could keep oil prices stagnant into next year.
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Israeli soldiers work on tanks in a staging area in northern Israel near the Israel-Lebanon border, on Oct. 1, 2024. (AP Photo/Baz Ratner, File)

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Israel's wars are expensive. Paying the bill could force tough choices
By DAVID MCHUGH - AP Business Writer
Sun,10/20/24-11:41PM , 166 Reads
On top of the grievous toll in human life and misery, Israel's war against the Hamas and Hezbollah militant groups has been expensive, and the painfully high financial costs are raising concerns about th
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Employees protest before the start of a works meeting in a hall at the VW plant in Wolfsburg, Wednesday, Sept. 4, 2024. Volkswagen has announced that it will tighten its austerity measures due to the tense situation of the core brand. Redundancies and plant closures can no longer be ruled out. (Moritz Frankenberg/pool photo via AP)

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As Volkswagen weighs its first closure of a German auto plant, workers aren't the only ones worried
By DAVID MCHUGH - AP Business Writer
Sun,09/08/24-2:23AM , 126 Reads
FRANKFURT, Germany (AP) — Volkswagen is considering closing some factories in its home country for the first time in the German automaker's 87-year history, saying it otherwise won'
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Airbus CEO Guillaume Faury presents the European aerospace giant full year results, Feb. 15, 2024 in Blagnac, near Toulouse, southwestern France. In the latest round of their decades-long battle for dominance in commercial aircraft, Europe's Airbus has established a clear sales lead over Boeing as the American company deals with the fallout from manufacturing troubles and ongoing safety concerns. (AP Photo/Fred Scheiber, File)

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Commercial jet maker Airbus is staying humble even as Boeing flounders. There's a reason for that
By DAVID MCHUGH - AP Business Writer
Sun,05/05/24-4:50PM , 101 Reads
FRANKFURT, Germany (AP) — In the latest round of their decades-long battle for dominance in commercial aircraft, Europe’s Airbus established a clear sales lead over Boeing even before the American company
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