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A woman uses an ATM machine in the main town of the Aegean Sea island of Rhodes, southeastern Greece, Tuesday, May 10, 2022. Inflation in 19 European countries using the euro currency hits another record at 10% as energy prices soar. (AP Photo/Thanassis Stavrakis, File)

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Inflation hits record 10% in 19 EU countries using euro
By DAVID MCHUGH - Associated Press
Fri,09/30/22-4:11AM , 289 Reads
FRANKFURT, Germany (AP) — Inflation in the European countries using the euro currency has broken into double digits as prices for electricity and natural gas soar, signaling a looming winter recession for one of the globe's major economies as
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Christine Lagarde, President of the European Central Bank smiles during a press conference following a meeting of the governing council in Frankfurt, Germany, Thursday, July 21, 2022. Europe is going to see higher interest rates. The European Central Bank's meeting Thursday, Sept. 8, 2022 is not about whether to raise rates, but by how much. (AP Photo/Michael Probst, File)

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European Central Bank makes largest-ever interest rate hike
By DAVID MCHUGH - AP Business Writer
Thu,09/08/22-1:32AM , 183 Reads
FRANKFURT, Germany (AP) — The European Central Bank made its largest-ever interest rate increase Thursday, following the U.S.
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Smoke rises from the nuclear power plant of Nerckarwestheim in Neckarwestheim, Germany, on Aug. 22, 2022. Europe is staring an energy crisis in the face. The cause: Russia throttling back supplies of natural gas. European officials say it's a pressure game over their support for Ukraine after Russia's invasion. (AP Photo/Michael Probst, File)

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EXPLAINER: Europe struggles to cope with Russia gas shutoffs
By DAVID MCHUGH - AP Business Writer
Tue,09/06/22-8:36AM , 138 Reads
FRANKFURT, Germany (AP) — Europe is facing an energy crisis that is squeezing ordinary people’s finances and in just a few weeks could mushroom into rolling blackouts and
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The sun sets behind an idle pump jack near Karnes City, USA, April 8, 2020. Oil prices are sagging amid fears of recessions across the globe. OPEC and allied countries are weighing what to do about that when they meet online Thursday, Sept. 8, 2022. High oil prices were a bonanza for countries like Saudi Arabia over the summer, but now they're well off those highs. Saudi Arabia's oil minister has even said the group known as OPEC+ could cut production at any time. (AP Photo/Eric Gay, File)

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OPEC+ makes small trim to world oil supplies as prices fall
By DAVID MCHUGH - AP Business Writer
Mon,09/05/22-4:35AM , 118 Reads
FRANKFURT, Germany (AP) — OPEC and allied oil-producing countries, including Russia, made a small trim in their supplies to the global economy Monday, underlining their unhappiness as recession fears help drive down crude prices — alon
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