European economy grows 2%, ending double-dip recession
FRANKFURT, Germany (AP) — Europe emerged from a double-dip recession in the second quarter with stronger-than-expected growth of 2.0% over the quarter before, according to official figures released Friday, as pandemic restrictions eased, consumers started spending built-up savings and major companies showed stronger results.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 3 MONTHS AGO
European economy grows 2%, ending double-dip recession
FRANKFURT, Germany (AP) — Europe emerged from a double-dip recession in the second quarter with stronger-than-expected growth of 2.0% over the quarter before, according to official figures released Friday, as pandemic restrictions eased, consumers started spending built-up savings and major companies showed stronger results.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 3 MONTHS AGO
European economy grows 2%, ending double-dip recession
FRANKFURT, Germany (AP) — Europe emerged from a double-dip recession in the second quarter with stronger-than-expected growth of 2.0% over the quarter before, according to official figures released Friday, as pandemic restrictions eased, consumers started spending built-up savings and major companies showed stronger results.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 3 MONTHS AGO
European economy grows 2%, ending double-dip recession
FRANKFURT, Germany (AP) — Europe emerged from a double-dip recession in the second quarter with stronger-than-expected growth of 2.0% over the quarter before, according to official figures released Friday, as pandemic restrictions eased, consumers started spending built-up savings and major companies showed stronger results.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 3 MONTHS AGO
Yellen: Compete on economic strengths, not low tax rates
U.S. Treasury Secretary Janet Yellen said Sunday that deterring the use of tax havens will let countries compete on economic fundamentals — instead of by offering ever-lower tax rates that deprive governments of money for infrastructure and education.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 4 MONTHS AGO
G-20 finance ministers back plan to stop use of tax havens
Top finance officials representing most of the world's economy have backed a sweeping revision of international taxation that includes a 15% global minimum corporate levy to deter big companies from resorting to low-rate tax havens.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 4 MONTHS AGO
Yellen: Compete on economic strengths, not low tax rates
U.S. Treasury Secretary Janet Yellen said Sunday that deterring the use of tax havens will let countries compete on economic fundamentals — instead of by offering ever-lower tax rates that deprive governments of money for infrastructure and education.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 4 MONTHS AGO
G-20 finance ministers back plan to stop use of tax havens
Top finance officials representing most of the world's economy have backed a sweeping revision of international taxation that includes a 15% global minimum corporate levy to deter big companies from resorting to low-rate tax havens.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 4 MONTHS AGO
Yellen: Compete on economic strengths, not low tax rates
U.S. Treasury Secretary Janet Yellen said Sunday that deterring the use of tax havens will let countries compete on economic fundamentals — instead of by offering ever-lower tax rates that deprive governments of money for infrastructure and education.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 4 MONTHS AGO
Yellen: Compete on economic strengths, not low tax rates
U.S. Treasury Secretary Janet Yellen said Sunday that deterring the use of tax havens will let countries compete on economic fundamentals — instead of by offering ever-lower tax rates that deprive governments of money for infrastructure and education.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 4 MONTHS AGO
G-20 finance ministers back plan to stop use of tax havens
Top finance officials representing most of the world's economy have backed a sweeping revision of international taxation that includes a 15% global minimum corporate levy to deter big companies from resorting to low-rate tax havens.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 4 MONTHS AGO
EU fines German car makers $1B over emission collusion
BRUSSELS (AP) — The European Union handed down $1 billion in fines to major German car manufacturers Thursday, saying they colluded to limit the development and rollout of car emission-control systems.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 4 MONTHS AGO
G-20 finance ministers back plan to stop use of tax havens
Top finance officials representing most of the world's economy have backed a sweeping revision of international taxation that includes a 15% global minimum corporate levy to deter big companies from resorting to low-rate tax havens.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 4 MONTHS AGO
G-20 finance ministers back deterring use of tax havens
Top finance officials representing most of the world's economy have backed a sweeping revision of international taxation that includes a 15% global minimum corporate levy to deter big companies from resorting to low-rate tax havens.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 4 MONTHS AGO
EU fines German car makers $1B over emission collusion
BRUSSELS (AP) — The European Union handed down $1 billion in fines to major German car manufacturers Thursday, saying they colluded to limit the development and rollout of car emission-control systems.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 4 MONTHS AGO
EU fines German car makers $1B over emission collusion
BRUSSELS (AP) — The European Union handed down $1 billion in fines to major German car manufacturers Thursday, saying they colluded to limit the development and rollout of car emission-control systems.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 4 MONTHS AGO
EU fines German car makers $1B over emission collusion
BRUSSELS (AP) — The European Union handed down $1 billion in fines to major German car manufacturers Thursday, saying they colluded to limit the development and rollout of car emission-control systems.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 4 MONTHS AGO
EU fines 4 German car makers $1B over emission collusion
BRUSSELS (AP) — The European Union handed down $1 billion in fines to four major German car manufacturers Thursday, saying they colluded to limit the development and rollout of car emission-control systems.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 4 MONTHS AGO
130 countries back deal on global minimum tax for companies
FRANKFURT, Germany (AP) — Some 130 countries have agreed on a global minimum tax backed by President Joe Biden as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low rates.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 4 MONTHS AGO
130 countries back deal on global minimum tax for companies
FRANKFURT, Germany (AP) — Some 130 countries have agreed on a global minimum tax backed by President Joe Biden as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low rates.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 4 MONTHS AGO
130 countries back deal on global minimum tax for companies
FRANKFURT, Germany (AP) — Some 130 countries have agreed on a global minimum tax backed by President Joe Biden as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low rates.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 4 MONTHS AGO
130 countries back deal on global minimum tax for companies
FRANKFURT, Germany (AP) — Some 130 countries have agreed on a global minimum tax backed by President Joe Biden as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low rates.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 4 MONTHS AGO
G-7 back steps to deter tax dodging by multinational firms
LONDON (AP) — The Group of Seven wealthy democracies agreed Saturday to support a global minimum corporate tax of at least 15% to deter multinational companies from avoiding taxes by stashing profits in low-rate countries.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 5 MONTHS AGO
G-7 back steps to deter tax dodging by multinational firms
LONDON (AP) — The Group of Seven wealthy democracies agreed Saturday to support a global minimum corporate tax of at least 15% to deter multinational companies from avoiding taxes by stashing profits in low-rate countries.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 5 MONTHS AGO
G-7 back steps to deter tax dodging by multinational firms
LONDON (AP) — The Group of Seven wealthy democracies agreed Saturday to support a global minimum corporate tax of at least 15% to deter multinational companies from avoiding taxes by stashing profits in low-rate countries.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 5 MONTHS AGO
G-7 nations sign key pact to make tech giants pay fair taxes
LONDON (AP) — The Group of Seven wealthy democracies agreed Saturday to support a global minimum corporate tax rate of at least 15% in order to deter multinational companies from avoiding taxes by stashing profits in low-rate countries.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 5 MONTHS AGO
German economy shrank 5% in pandemic year 2020
FRANKFURT, Germany (AP) — The German economy, Europe's largest, shrank by 5% in the pandemic year 2020, ending a decade of growth as lockdowns wiped out much business and consumer activity.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 10 MONTHS AGO
Volkswagen triples electric car sales ahead of climate rules
FRANKFURT, Germany (AP) — Europe's push into electric cars is gathering speed — despite the pandemic.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 10 MONTHS AGO
Volkswagen triples E-car sales ahead of new climate rules
FRANKFURT, Germany (AP) — Automaker Volkswagen tripled sales of battery-only cars in 2020 despite the pandemic as its new electric compact ID.3 came on the market ahead of tough new European Union limits on auto emissions.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 10 MONTHS AGO
Volkswagen triples electric car sales ahead of climate rules
FRANKFURT, Germany (AP) — Europe's push into electric cars is gathering speed — despite the pandemic.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 10 MONTHS AGO
New Mercedes screen to stretch nearly full width of car
FRANKFURT, Germany (AP) — Daimler's Mercedes-Benz has unveiled a key interior component of its upcoming electric luxury sedan: a large, curved screen that sweeps across almost the entire width of the car in the place of a conventional dashboard.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 10 MONTHS AGO
New Mercedes screen to stretch nearly full width of car
FRANKFURT, Germany (AP) — Daimler's Mercedes-Benz has unveiled a key interior component of its upcoming electric luxury sedan: a large, curved screen that sweeps across almost the entire width of the car in the place of a conventional dashboard.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 10 MONTHS AGO
Germany, Hungary give 1st vaccine shots ahead of EU rollout
FRANKFURT, Germany (AP) — Germany, Hungary and Slovakia began giving out their first coronavirus vaccine shots on Saturday only hours after receiving their first shipments, upsetting the European Union's plans for a coordinated rollout Sunday across the bloc's 27 nations.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 10 MONTHS AGO
Germany, Hungary give 1st vaccine shots ahead of EU rollout
FRANKFURT, Germany (AP) — Germany, Hungary and Slovakia began giving out their first coronavirus vaccine shots on Saturday only hours after receiving their first shipments, upsetting the European Union's plans for a coordinated rollout Sunday across the bloc's 27 nations.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 10 MONTHS AGO
Germany, Hungary give 1st vaccine shots ahead of EU rollout
FRANKFURT, Germany (AP) — Germany, Hungary and Slovakia began giving out their first coronavirus vaccine shots on Saturday only hours after receiving their first shipments, upsetting the European Union's plans for a coordinated rollout Sunday across the bloc's 27 nations.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 10 MONTHS AGO
Volkswagen board issues vote of confidence in CEO Diess
FRANKFURT, Germany (AP) — The board of automaker Volkswagen has given CEO Herbert Diess a public show of support for his push into digital and electric cars after media reports Diess had clashed with the company's powerful labor representatives over issues including top personnel decisions.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 11 MONTHS AGO
Volkswagen board issues vote of confidence in CEO Diess
FRANKFURT, Germany (AP) — The board of automaker Volkswagen has given CEO Herbert Diess a public show of support for his push into digital and electric cars after media reports Diess had clashed with the company's powerful labor representatives over issues including top personnel decisions.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 11 MONTHS AGO
Europe gets new blast of stimulus to counter virus surge
FRANKFURT, Germany (AP) —
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 11 MONTHS AGO
Europe gets new blast of stimulus to counter virus surge
FRANKFURT, Germany (AP) —
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 11 MONTHS AGO
European Central Bank gives economy another dose of stimulus
FRANKFURT, Germany (AP) —
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 11 MONTHS AGO
Virus-hit European economy likely to get stimulus shot
FRANKFURT, Germany (AP) — The European Central Bank is expected to unleash a half-trillion euros ($600 billion) or more in stimulus on Thursday to support businesses, workers and governments through the winter wave of the coronavirus.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 11 MONTHS AGO
Virus-hit European economy likely to get stimulus shot
FRANKFURT, Germany (AP) — The European Central Bank is expected to unleash a half-trillion euros ($600 billion) or more in stimulus on Thursday to support businesses, workers and governments through the winter wave of the coronavirus.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 11 MONTHS AGO
As infections rise, European Central Bank prepares stimulus
FRANKFURT, Germany (AP) — The European Central Bank is expected to unleash another blast of stimulus on Thursday to help businesses bridge the gap until the economy recovers from the pandemic - and to support governments that are ramping up spending to cushion the blow as the winter wave of …
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 11 MONTHS AGO
OPEC, Russia to nudge up oil output after hit from pandemic
FRANKFURT, Germany (AP) — OPEC and allied countries including Russia agreed Thursday to increase oil production by 500,000 barrels a day from January and said they would meet monthly to decide further output levels, gingerly adding more crude to a global economy still suffering from the COVID-19 pandemic.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 11 MONTHS AGO
OPEC, Russia to nudge up oil output after hit from pandemic
FRANKFURT, Germany (AP) — OPEC and allied countries including Russia agreed Thursday to increase oil production by 500,000 barrels a day from January and said they would meet monthly to decide further output levels, gingerly adding more crude to a global economy still suffering from the COVID-19 pandemic.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 11 MONTHS AGO
OPEC, Russia agree to nudge up oil production from January
FRANKFURT, Germany (AP) — OPEC and allied countries including Russia agreed Thursday to increase oil production by 500,000 barrels a day from January and will meet monthly to assess the situation, gingerly adding more crude to a market still suffering from the COVID-19 pandemic.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 11 MONTHS AGO
Vaccine 1st puts spotlight on German pharma company BioNTech
MAINZ, Germany (AP) — The email that arrived in the ancient German city of Mainz shortly before 1 a.m. in the morning marked a turning point in the global effort to deliver a reliable vaccine against the coronavirus pandemic - and for the little-known biotechnology company that helped develop it.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 11 MONTHS AGO
Vaccine 1st puts spotlight on German pharma company BioNTech
MAINZ, Germany (AP) — The email that arrived in the ancient German city of Mainz shortly before 1 a.m. in the morning marked a turning point in the global effort to deliver a reliable vaccine against the coronavirus pandemic - and for the little-known biotechnology company that helped develop it.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 11 MONTHS AGO
OPEC talks on production hit snag as pandemic clouds outlook
FRANKFURT, Germany (AP) — The OPEC oil producers' cartel was to push ahead with a new round of discussions Tuesday about how much to pump next year as countries wrestled over whether to extend the production cuts that have been supporting prices depressed by the pandemic.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 11 MONTHS AGO
OPEC talks on production hit snag as pandemic clouds outlook
FRANKFURT, Germany (AP) — The OPEC oil producers' cartel was to push ahead with a new round of discussions Tuesday about how much to pump next year as countries wrestled over whether to extend the production cuts that have been supporting prices depressed by the pandemic.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 11 MONTHS AGO
OPEC talks on oil production to go into second day
FRANKFURT, Germany (AP) — Leaders of the OPEC oil cartel adjourned their virtual meeting Monday on future production as no agreement was announced on whether to extend output cuts into next year.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 11 MONTHS AGO
OPEC talks on oil production to go into second day
FRANKFURT, Germany (AP) — Leaders of the OPEC oil cartel adjourned their virtual meeting Monday on future production as no agreement was announced on whether to extend output cuts into next year.
COLUMBIA BASIN HERALD | UPDATED 3 YEARS, 11 MONTHS AGO
Top central bankers: Economy needs help despite vaccine news
FRANKFURT, Germany (AP) — Three of the globe's top central bankers said their economies continue to need help despite progress toward a COVID-19 vaccine, with U.S. Federal Reserve Chair Jerome Powell saying that the U.S. Congress “may need to do more” to cushion the blow from the pandemic.
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
Top central bankers: Economy needs help despite vaccine news
FRANKFURT, Germany (AP) — Three of the globe's top central bankers said their economies continue to need help despite progress toward a COVID-19 vaccine, with U.S. Federal Reserve Chair Jerome Powell saying that the U.S. Congress “may need to do more” to cushion the blow from the pandemic.
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
Lagarde: Recovery could be stop-and-go despite vaccine news
FRANKFURT, Germany (AP) — European Central Bank head Christine Lagarde warned Wednesday that the economy could face a “bumpy,” “stop-and-start” recovery despite good news about vaccine development.
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
Lagarde: Recovery could be stop-and-go despite vaccine news
FRANKFURT, Germany (AP) — European Central Bank head Christine Lagarde warned Wednesday that the economy could face a “bumpy,” “stop-and-start” recovery despite good news about vaccine development.
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
Luxury vehicles, booming sales in China boost BMW profits
FRANKFURT, Germany (AP) — German automaker BMW said third-quarter net profit rose 17% to 1.81 billion euros ($2.22 billion) as sales boomed in China and highly profitable luxury models such as the 8 Series coupe and X7 large sport-utility vehicle helped fatten the bottom line.
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
Luxury vehicles, booming sales in China boost BMW profits
FRANKFURT, Germany (AP) — German automaker BMW said third-quarter net profit rose 17% to 1.81 billion euros ($2.22 billion) as sales boomed in China and highly profitable luxury models such as the 8 Series coupe and X7 large sport-utility vehicle helped fatten the bottom line.
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
Luxury vehicles, recovering auto markets boost BMW profits
FRANKFURT, Germany (AP) — German automaker BMW said third-quarter net profit rose 17% to 1.81 billion euros ($2.22 billion) as regional auto markets recovered and highly profitable luxury models such as the 8 Series coupe and X7 large sport-utility vehicle helped fatten the bottom line.
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
EU faces knotty trade fights with US _ no matter who wins
FRANKFURT, Germany (AP) — After winemakers, cookie bakers, and olive growers wound up as collateral damage, Europe is closely watching the U.S. presidential election, waiting to see whether the next four years will mean more tariff wars under Republican President Donald Trump or a shift toward less confrontational negotiation under …
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
EU faces knotty trade fights with US _ no matter who wins
FRANKFURT, Germany (AP) — After winemakers, cookie bakers, and olive growers wound up as collateral damage, Europe is closely watching the U.S. presidential election, waiting to see whether the next four years will mean more tariff wars under Republican President Donald Trump or a shift toward less confrontational negotiation under …
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
EU faces knotty trade fights with US _ no matter who wins
FRANKFURT, Germany (AP) — After winemakers, cookie bakers, and olive growers wound up as collateral damage, Europe is closely watching the U.S. presidential election, waiting to see whether the next four years will mean more tariff wars under Republican President Donald Trump or a shift toward less confrontational negotiation under …
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
Eurozone growth soars record 12.7% but fears grow for winter
FRANKFURT, Germany (AP) — The European economy grew by an unexpectedly large 12.7% in the third quarter as companies reopened after severe coronavirus lockdowns, but the rebound is being overshadowed by worries that growing numbers of infections will cause a new downturn in the final months of the year.
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
Eurozone growth soars record 12.7% but fears grow for winter
FRANKFURT, Germany (AP) — The European economy grew by an unexpectedly large 12.7% in the third quarter as companies reopened after severe coronavirus lockdowns, but the rebound is being overshadowed by worries that growing numbers of infections will cause a new downturn in the final months of the year.
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
Eurozone growth soars record 12.7% but fears grow for winter
FRANKFURT, Germany (AP) — The European economy grew by an unexpectedly large 12.7% in the third quarter as companies reopened after severe coronavirus lockdowns, but the rebound is being overshadowed by worries that growing numbers of infections will cause a new downturn in the final months of the year.
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
European Central Bank: Just wait until December
FRANKFURT, Germany (AP) — The European Central Bank held off from strengthening its current economic stimulus but its President Christine Lagarde said there was “little doubt” that more action would be coming at its December meeting as surging coronavirus infections and new restrictions on activity threaten Europe’s economy.
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
European Central Bank: Just wait until December
FRANKFURT, Germany (AP) — The European Central Bank held off from strengthening its current economic stimulus but its President Christine Lagarde said there was “little doubt” that more action would be coming at its December meeting as surging coronavirus infections and new restrictions on activity threaten Europe’s economy.
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
European Central Bank holds off on strengthening stimulus
FRANKFURT, Germany (AP) — The European Central Bank held off from strengthening its stimulus programs despite growing concern that a renewed surge in COVID-19 cases could stall the economy’s recovery from the deep downturn in the first part of the year, and even as analysts forecast that the bank will …
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
Deutsche Bank's return to financial health persists into Q3
FRANKFURT, Germany (AP) — Deutsche Bank reported its third straight quarterly profit amid continuing government financial help for businesses during the coronavirus pandemic and as revenues rose at its investment bank division.
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
Deutsche Bank's return to financial health persists into Q3
FRANKFURT, Germany (AP) — Deutsche Bank reported its third straight quarterly profit amid continuing government financial help for businesses during the coronavirus pandemic and as revenues rose at its investment bank division.
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
Automaker Daimler rebounds after lockdowns, raises outlook
FRANKFURT, Germany (AP) — Daimler, the maker of Mercedes-Benz luxury cars and Freightliner trucks, saw third-quarter profit rebound as the company clamped down on costs and auto sales recovered after the coronavirus lockdowns of earlier in the year. The company raised its outlook for expected earnings.
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
Automaker Daimler rebounds after lockdowns, raises outlook
FRANKFURT, Germany (AP) — Daimler, the maker of Mercedes-Benz luxury cars and Freightliner trucks, saw third-quarter profit rebound as the company clamped down on costs and auto sales recovered after the coronavirus lockdowns of earlier in the year. The company raised its outlook for expected earnings.
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
Automaker Daimler rebounds after lockdowns, raises outlook
FRANKFURT, Germany (AP) — Daimler, the maker of Mercedes-Benz luxury cars and Freightliner trucks, saw third-quarter profit rebound as the company clamped down on costs and auto sales recovered after the coronavirus lockdowns of earlier in the year. The company raised its outlook for expected earnings.
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
Nonprofit app aims to help unblock global air travel
FRANKFURT, Germany (AP) — A nonprofit foundation is testing a smartphone app that could make it easier for international airline passengers to securely show they've complied with COVID-19 testing requirements. It's an attempt to help
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
Nonprofit app aims to help unblock global air travel
FRANKFURT, Germany (AP) — A nonprofit foundation is testing a smartphone app that could make it easier for international airline passengers to securely show they've complied with COVID-19 testing requirements. It's an attempt to help
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
Europe's central banker: Recovery 'risks losing momentum'
FRANKFURT, Germany (AP) — The head of the European Central Bank says the economic recovery from the coronavirus pandemic “risks losing momentum” due to a second wave of infections and that more stimulus could be added if necessary.
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
Europe's central banker: Recovery 'risks losing momentum'
FRANKFURT, Germany (AP) — The head of the European Central Bank says the economic recovery from the coronavirus pandemic “risks losing momentum” due to a second wave of infections and that more stimulus could be added if necessary.
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
Hard hit by virus, airlines push for tests over quarantines
FRANKFURT, Germany (AP) — What will it take to get people flying again? International air traffic is down 92% this year as travelers worry about catching COVID-19 and government travel bans and quarantine rules make planning difficult. One thing airlines believe could help is to have rapid virus tests of …
COLUMBIA BASIN HERALD | UPDATED 4 YEARS AGO
Hard hit by virus, airlines push for tests over quarantines
FRANKFURT, Germany (AP) — What will it take to get people flying again? International air traffic is down 92% this year as travelers worry about catching COVID-19 and government travel bans and quarantine rules make planning difficult. One thing airlines believe could help is to have rapid virus tests of …
COLUMBIA BASIN HERALD | UPDATED 4 YEARS, 1 MONTH AGO
As outbreak blows up finances, a limit to EU solidarity
BRUSSELS (AP) — The European Union is taking unprecedented action to help member countries endure the massive economic shock of the virus outbreak, but some nations are resisting the idea of shared borrowing to cover the heavy costs - suggesting that even during this crisis there are limits to solidarity …
DAILY INTER-LAKE | UPDATED 4 YEARS, 7 MONTHS AGO
Europe's central bank launches new program to calm markets
FRANKFURT, Germany (AP) — The European Central Bank is launching a new, expanded program to buy financial assets in a bid to calm markets as monetary authorities struggle to counter the devastation the virus outbreak is wreaking on the global economy.
DAILY INTER-LAKE | UPDATED 4 YEARS, 8 MONTHS AGO
Volkswagen to close Europe plants for two weeks
FRANKFURT, Germany (AP) — Volkswagen said Tuesday it would close most of its European plants for two weeks due to uncertainty about demand for cars and supplies of parts amid the virus outbreak and said it wasn't possible to give a reliable outlook for this year's profits.
DAILY INTER-LAKE | UPDATED 4 YEARS, 8 MONTHS AGO
Global economic coordination not happening in virus crisis
FRANKFURT, Germany (AP) — When the global economy melted down in 2008, world leaders swiftly created an international forum to boost economies by spending more and keeping trade open. Central banks announced rate cuts within seconds of each other.
DAILY INTER-LAKE | UPDATED 4 YEARS, 8 MONTHS AGO
European Central Bank deploys stimulus to ease virus damage
FRANKFURT, Germany (AP) — The European Central Bank deployed targeted new stimulus measures to cushion the shock to the economy from the virus outbreak, but its president said monetary policy couldn't do it alone and called for a "decisive and determined” response from governments.
DAILY INTER-LAKE | UPDATED 4 YEARS, 8 MONTHS AGO
Facing recession, Europe grasps for ways to limit damage
FRANKFURT, Germany (AP) — Suddenly staring recession in the face, European leaders are lining up an array of tax breaks, financial support for companies and likely central bank measures in the hope of preventing the coronavirus outbreak from dealing long-term damage to the economy.
DAILY INTER-LAKE | UPDATED 4 YEARS, 8 MONTHS AGO
Facing recession, Europe grasps for ways to limit damage
FRANKFURT, Germany (AP) — Suddenly staring recession in the face, European leaders are lining up an array of tax breaks, financial support for companies and likely central bank measures in the hope of preventing the coronavirus outbreak from dealing long-term damage to the economy.
BONNER COUNTY DAILY BEE | UPDATED 4 YEARS, 8 MONTHS AGO
Facing recession, Europe grasps for ways to limit damage
FRANKFURT, Germany (AP) — Suddenly staring recession in the face, European leaders are lining up an array of tax breaks, financial support for companies and likely central bank measures in the hope of preventing the coronavirus outbreak from dealing long-term damage to the economy.
COEUR D'ALENE PRESS | UPDATED 4 YEARS, 8 MONTHS AGO
AP Explains: The oil market meltdown and its global impact
FRANKFURT, Germany (AP) — A clash of two oil titans - Saudi Arabia and Russia - is sending shock waves through energy markets, with wide-ranging implications for consumers and oil companies, including those in the No. 1 producing country, the United States.
DAILY INTER-LAKE | UPDATED 4 YEARS, 8 MONTHS AGO
AP Explains: The oil market meltdown and its global impact
FRANKFURT, Germany (AP) — A clash of two oil titans - Saudi Arabia and Russia - is sending shock waves through energy markets, with wide-ranging implications for consumers and oil companies, including those in the No. 1 producing country, the United States.
BONNER COUNTY DAILY BEE | UPDATED 4 YEARS, 8 MONTHS AGO
AP Explains: The oil market meltdown and its global impact
FRANKFURT, Germany (AP) — A clash of two oil titans - Saudi Arabia and Russia - is sending shock waves through energy markets, with wide-ranging implications for consumers and oil companies, including those in the No. 1 producing country, the United States.
COEUR D'ALENE PRESS | UPDATED 4 YEARS, 8 MONTHS AGO
Oil price dives as OPEC, Russia fail to agree on output cut
VIENNA (AP) — OPEC and key ally Russia failed to agree Friday on a cut to oil production that would have contained the plunge in the price of crude caused by the new coronavirus outbreak's massive disruption to world business.
DAILY INTER-LAKE | UPDATED 4 YEARS, 8 MONTHS AGO
OPEC calls for big production cut, but will Russia agree?
VIENNA (AP) — The OPEC oil cartel is calling for a deep production cut to keep crude prices from falling further as disruption to global business from the coronavirus slashes demand from air travel and industry.
COLUMBIA BASIN HERALD | UPDATED 4 YEARS, 8 MONTHS AGO
OPEC calls for big production cut, but will Russia agree?
VIENNA (AP) — The OPEC oil cartel is calling for a deep production cut to keep crude prices from falling further as disruption to global business from the coronavirus slashes demand from air travel and industry.
COLUMBIA BASIN HERALD | UPDATED 4 YEARS, 8 MONTHS AGO
U.S. presses Europeans at meeting to solve Greek crisis
COEUR D'ALENE PRESS | UPDATED 9 YEARS, 5 MONTHS AGO
Tapping a large, eager market?
FRANKFURT, Germany - Judging by the slew of electric and hybrid vehicles being rolled out at the Frankfurt Auto Show, it might seem carmakers are tapping a large and eager market.
COEUR D'ALENE PRESS | UPDATED 11 YEARS, 2 MONTHS AGO
What's next in Cyprus?
COEUR D'ALENE PRESS | UPDATED 11 YEARS, 7 MONTHS AGO
Europe eases the austerity whip - a little
COEUR D'ALENE PRESS | UPDATED 11 YEARS, 8 MONTHS AGO
Defensive at Davos
DAVOS, Switzerland - If there is one place bankers should be able to let down their guard a little, you would think it would be at the World Economic Forum in Davos, an exclusive gathering of 2,500 of the globe's financial and corporate elite.
COEUR D'ALENE PRESS | UPDATED 11 YEARS, 9 MONTHS AGO
All eyes on European Central Bank's Draghi to fight crisis
FRANKFURT, Germany - European Central Bank president Mario Draghi has already taken Europe's monetary authority into uncharted territory.
COEUR D'ALENE PRESS | UPDATED 12 YEARS, 3 MONTHS AGO
Europe gropes for crisis fix, bond buys pushed
BRUSSELS - Europe's leaders are grasping for ideas to halt their government debt crisis ahead of a series of top-level meetings over the next 10 days. The latest: Using their emergency bailout funds to buy up government bonds on the open market.
COEUR D'ALENE PRESS | UPDATED 12 YEARS, 4 MONTHS AGO
Global leaders seek to corral Europe crisis
COEUR D'ALENE PRESS | UPDATED 12 YEARS, 6 MONTHS AGO
European woes could cause U.S. problems
WASHINGTON - Your 401(k) could sink again. A plummeting euro may make it harder for American companies to sell goods overseas. Credit could be tightened.
COEUR D'ALENE PRESS | UPDATED 12 YEARS, 6 MONTHS AGO
GM likely to recapture global auto sales lead
DETROIT - General Motors Co. is on track to retake the title of world's top-selling automaker, riding strong sales in the U.S. and China to beat Volkswagen and Toyota.
COEUR D'ALENE PRESS | UPDATED 12 YEARS, 10 MONTHS AGO
ECB lends banks $639B over 3 years
FRANKFURT, Germany - Struggling banks snapped up $639 billion in cheap loans from the European Central Bank on Wednesday, a sign of just how hard or expensive it has become to borrow from each other.
COEUR D'ALENE PRESS | UPDATED 12 YEARS, 10 MONTHS AGO
Central banks move to stabilize financial system
FRANKFURT, Germany - The central banks of the wealthiest countries, trying to prevent a debt crisis in Europe from exploding into a global panic, swept in Wednesday to shore up the world financial system by making it easier for banks to borrow American dollars.
COEUR D'ALENE PRESS | UPDATED 12 YEARS, 11 MONTHS AGO
Greek vote proposal undermines euro deal
FRANKFURT, Germany - It took only a few words from Greece's prime minister to upend Europe's efforts to convince the world that its grand plan to save the euro would mark a turning point in the continent's debt crisis and keep it from hurting the global economy.
COEUR D'ALENE PRESS | UPDATED 13 YEARS AGO
Eurozone wins respite ...
FRANKFURT, Germany - With their late-night deal to cut Greece's debt and support other wobbly countries, European leaders bought time to work out more lasting solutions to the crisis plaguing the euro currency bloc. What they do with that time will determine whether this summit succeeds where many others have …
COEUR D'ALENE PRESS | UPDATED 13 YEARS AGO
EU toughens budget rules but stalls on Greece
WROCLAW, Poland - The European Union's 27 countries overcame a year of infighting to agree Friday to tougher budget rules that make it easier to punish overspending governments, but failed to produce any new measures that might contain the debt market turmoil threatening it.
COEUR D'ALENE PRESS | UPDATED 13 YEARS, 1 MONTH AGO
Libyan economy faces many hurdles after Gadhafi
FRANKFURT, Germany - Europe and the United States are preparing to unfreeze billions of dollars in Libyan assets that will be crucial to the country's success after Moammar Gadhafi.
COEUR D'ALENE PRESS | UPDATED 13 YEARS, 2 MONTHS AGO
8 banks flunk controversial European stress test
FRANKFURT, Germany - Eight of 90 European banks flunked stress tests projecting how they would fare in another recession, and 16 more barely passed - but analysts doubted Friday's results would succeed in restoring confidence in the continent's shaky financial sector.
COEUR D'ALENE PRESS | UPDATED 13 YEARS, 4 MONTHS AGO
Greek default could trigger chain reaction
FRANKFURT, Germany - Greece's economy is small but the shock waves from a default on its debt could be amplified by links in the global financial system to hurt stocks, banks and entire economies far from the epicenter in Athens.
COEUR D'ALENE PRESS | UPDATED 13 YEARS, 5 MONTHS AGO
Strauss-Kahn's IMF future hinges on bail hearing
WASHINGTON - Dominique Strauss-Kahn's bail hearing Thursday could spell the end of his leadership of the International Monetary Fund.
COEUR D'ALENE PRESS | UPDATED 13 YEARS, 6 MONTHS AGO
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