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Articles written by David Mchugh

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Volkswagen bets big on electric. Will consumers buy in?

FRANKFURT, Germany (AP) — Volkswagen is rolling out what it bills as the breakthrough electric car for the masses, the leading edge of a wave of new battery-powered vehicles about to hit the European auto market. The cars are the result of big... Full story

 

Best G-7 can do for global economy: just don't make it worse

BIARRITZ, France (AP) — The global economy craves a double shot of confidence right now but the best that leaders of the Group of Seven can offer is a less intoxicating cocktail: not making things worse. Sharp differences over U.S. President...

 

As global economic picture dims, solutions seem out of reach

WASHINGTON (AP) — As global leaders gather on two continents to take account of a darkening economic outlook, this is the picture they face: Factories are slumping, many businesses are paralyzed, global growth is sputtering and the world's two...

 

OPEC extends oil production cuts amid weaker demand outlook

VIENNA (AP) — OPEC is extending its deal to cut production for another nine months in bid to keep oil prices from sagging as the oil cartel faces a weakening outlook for global demand. The decision among the members of the Organization of the...

 

Oil prices climb in wake of Iranian oil sanctions decision

NEW YORK (AP) — Global oil prices are rising in the wake of President Donald Trump's decision to impose sanctions on nations that import Iranian oil and could eventually climb to levels that would impact American consumers. Analysts said Tuesday...

 

Climate goals mean Europe will overtake US in electric cars

PARIS (AP) — European carmakers are rolling out electric vehicles like the ones on view this week at the Paris Motor Show to burnish their reputations as technology leaders and to compete with Tesla. But also because EU regulations don't leave...

 

Gorbachev's interpreter: Best summit deals are written down

MOSCOW (AP) — One man who knows a great deal about Washington-Moscow summits is not ready to call the latest one in Helsinki a failure, despite its confused aftermath. From 1985 to 1991, across ten summits that brought the Cold War to an end and...

 

Merkel's fate hangs on vote by potential coalition partner

FRANKFURT, Germany (AP) — German Chancellor Angela Merkel is awaiting the results of a vote by her potential coalition partner — the center-left Social Democrats — to learn if she will be able to form a new government. The Social Democrats...

 

Volkswagen suspends executive over monkey tests

FRANKFURT, Germany (AP) — Automaker Volkswagen has suspended a top executive in response to widespread public criticism over experiments in which monkeys were exposed to diesel exhaust. The company said in a statement Tuesday that Thomas Steg,...

 

Airbus, Rolls-Royce, Siemens developing a hybrid plane

FRANKFURT, Germany (AP) — Airbus, Siemens and Rolls-Royce are teaming up to develop a hybrid passenger plane that would use a single electric turbofan along with three conventional jet engines running on aviation fuel. The plane is an effort to dev...

 

Electric cars dominate the buzz at Frankfurt auto show

FRANKFURT, Germany (AP) — Carmakers at the Frankfurt auto show are unveiling the low-emissions vehicles and technology strategies they hope will let them profit from the sweeping changes expected to hit the auto industry in the next few years....

 

For ECB and Fed, Trump complicates decisions on rate policy

FRANKFURT, Germany (AP) — Donald Trump's surprise election victory has helped solidify expectations for an interest rate increase next month by the U.S. Federal Reserve — but may have complicated a decision for the European Central Bank, which...

 

Bayer buying Monsanto, will create global chemical, ag giant

American seed and weed-killer company Monsanto and German medicine and farm chemical maker Bayer are combining in a deal that could help farmers produce higher yields to address challenges from global warming to rising food demand from a...

 

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