Economy

The Latest: Dutch FM says US requests aid in Hormuz Straight

Jul 15, 2019

The Latest: The Netherlands is studying a US request to provide military backing in the Straight of Hormuz to protect commercial shipping

EU seeks to deescalate Persian Gulf tensions

Jul 15, 2019

EU looking to deescalate Persian Gulf tensions, call on Iran to stick to 2015 nuclear deal despite US pullout

OPEC extends oil production cuts amid weaker demand outlook

Jul 1, 2019

The oil producers' cartel, OPEC, is considering a six- to nine-month extension of its current deal to cut production amid weakening demand due to slowing global economic growth

EU asks Italy to better explain debt or face legal action

Jun 12, 2019

European Economy Commissioner Pierre Moscovici is urging Italy to quickly provide any new information it might have to explain its high debt levels and or face the prospect of imminent legal action

The Latest: European Central Bank ready to help economy more

Jun 6, 2019

European Central Bank President Mario Draghi said the bank is ready to "use all the instruments that are in the toolbox" to support the economy if needed

The Latest: Trump meets Macron in France

Jun 6, 2019

President Donald Trump and French President Emmanuel Macron are meeting in Caen on the northern coast of France not far from the Normandy American Cemetery where they marked the 75th anniversary of D-Day

EU rejects claim that its car exports threaten US security

May 20, 2019

The EU is rejecting claims that Europe's car exports pose a threat to the United States after U.S. Commerce Secretary Wilbur Ross rule that imported vehicles and parts threaten national security

Cyprus president criticizes UK minister over Turkey drilling

May 14, 2019

Cyprus' president has criticized remarks by Britain's Foreign Office minister that cast doubt over the east Mediterranean island nation's offshore economic rights as 'unacceptable'

Voters to pick successor of Lithuania's popular 'Iron Lady'

May 10, 2019

Nine candidates are vying Sunday to follow Lithuania's popular President Dalia Grybauskaite as head of state

Cyprus seeks EU backing to counter Turkey's gas drilling bid

May 8, 2019

Cyprus says it will rally support from fellow European Union countries and others to counter Turkey's bid to drill in waters where the east Mediterranean island nation has exclusive economic rights

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