David McHUGH, The Associated Press

David McHUGH

The Associated Press

Frankfurt, HE, Germany

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Recent:
  • Winnipeg Free Press
  • The Hill
Past:
  • BusinessMirror
  • CBS 8 San Diego
  • CBS46
  • KCRG
  • WIS News 10
  • KOTA Territory News
  • WBRC FOX6 News
  • WSBT
  • FOX 12 Oregon KPTV
  • The Associated Press
  • and more…

Recent articles by David:

Europe's central bank backs larger-than-expected rate hike

FRANKFURT, Germany (AP) — The European Central Bank raised interest rates Thursday for the first time in 11 years by a larger-than-expected amount, joining steps already taken by the U.S. Federal Reserve and other major central banks to target stubbornly high inflation. → Read More

Italy political turmoil a headache for Europe’s central bank

FRANKFURT, Germany (AP) — Italian Prime Minister Mario Draghi’s offer to resign has sent unsettling ripples through financial markets, bringing back bad memories of Europe’s debt crisis… → Read More

Report: Europe’s banks need to raise game on climate risk

FRANKFURT, Germany (AP) — Europe’s banks aren’t sufficiently considering risks from climate change and must “urgently step up efforts” to make sure they understand the possible impact o… → Read More

Economic peril from Russia’s invasion ripples across globe

WASHINGTON—Moscow’s war on Ukraine and the ferocious financial backlash it’s unleashed are not only inflicting an economic catastrophe on President Vladimir Putin’s Russia. The repercussions are also menacing the global economy, shaking financial markets and making life more perilous for everyone from Uzbek migrant workers to European consumers to hungry… → Read More

Economic dangers from Russia's invasion ripple across globe

The effects of the war aren't fully known because neither Russia nor Ukraine are economic powerhouses. But Russia's exports could change international markets. → Read More

Nations agree to release 60 million barrels of oil amid Ukraine war

The IEA board made the decision at an extraordinary meeting of energy ministers chaired by U.S. Energy Secretary Jennifer Granholm. Besides the United States, other members of the organization include the United States, Germany, France, the United Kingdom, Japan and Canada. → Read More

Nations agree to release 60 million barrels of oil amid Ukraine war

The IEA board made the decision at an extraordinary meeting of energy ministers chaired by U.S. Energy Secretary Jennifer Granholm. Besides the United States, other members of the organization include the United States, Germany, France, the United Kingdom, Japan and Canada. → Read More

Nations agree to release 60 million barrels of oil amid Ukraine war

The IEA board made the decision at an extraordinary meeting of energy ministers chaired by U.S. Energy Secretary Jennifer Granholm. Besides the United States, other members of the organization include the United States, Germany, France, the United Kingdom, Japan and Canada. → Read More

Nations agree to release 60 million barrels of oil amid Ukraine war

The IEA board made the decision at an extraordinary meeting of energy ministers chaired by U.S. Energy Secretary Jennifer Granholm. Besides the United States, other members of the organization include the United States, Germany, France, the United Kingdom, Japan and Canada. → Read More

Nations agree to release 60 million barrels of oil amid Ukraine war

The IEA board made the decision at an extraordinary meeting of energy ministers chaired by U.S. Energy Secretary Jennifer Granholm. Besides the United States, other members of the organization include the United States, Germany, France, the United Kingdom, Japan and Canada. → Read More

Nations agree to release 60 million barrels of oil amid Russia-Ukraine war

FRANKFURT, Germany (AP) — All 31 member countries of the International Energy Agency have agreed to release 60 million barrels of oil from their strategic reserves “to send a strong message to oil markets” that there will be “no shortfall in supplies” as a result of Russia’s invasion of Ukraine, the group said Tuesday. The IEA board made the decision at an extraordinary meeting of energy… → Read More

Ruble plummets as sanctions bite, sending Russians to banks

A sharp devaluation of the ruble would mean a drop in the standard of living for the average Russian, experts say. → Read More

Ruble plummets as sanctions bite, sending Russians to banks

MOSCOW (AP) — Ordinary Russians faced the prospect of higher prices and crimped foreign travel as Western sanctions over the invasion of Ukraine sent the ruble plummeting, leading uneasy people to line up at banks and ATMs on Monday in a country that has seen more than one currency disaster in the post-Soviet era. → Read More

Ruble plummets as sanctions bite, sending Russians to banks

A sharp devaluation of the ruble would mean a drop in the standard of living for the average Russian, experts say. → Read More

Ruble plummets as sanctions bite, sending Russians to banks

A sharp devaluation of the ruble would mean a drop in the standard of living for the average Russian, experts say. → Read More

Ruble plummets as sanctions bite, sending Russians to banks

MOSCOW (AP) — Ordinary Russians faced the prospect of higher prices and crimped foreign travel as Western sanctions over the invasion of Ukraine sent the ruble plummeting, leading uneasy people to line up at banks and ATMs on Monday in a country that has seen more than one currency disaster in the post-Soviet era. → Read More

What is the Nord Stream 2 pipeline and what's it got to do with the Russia-Ukraine crisis?

FRANKFURT, Germany (AP) — German Chancellor Olaf Scholz has suspended the certification process for the Nord Stream 2 natural gas pipeline after Russia recognized separatist-held regions in eastern Ukraine, with the West fearing a full-scale invasion is next. The undersea pipeline directly links Russian gas to Europe via Germany and is complete but not yet operating. → Read More

Airlines cancel Xmas flights due to COVID staffing shortages

Airlines canceled hundreds of flights as the omicron variant jumbled schedules and drew down staffing levels at some carriers during the busy holiday travel season. → Read More

Russian pipeline faces big hurdles amid Ukraine tensions

The pipeline is built and being filled with natural gas. But Russia’s Nord Stream 2 faces a rocky road before any gas flows to Germany, with its new leaders adopting a more skeptical tone toward the project and tensions ratcheting up over Russia’s troop buildup at the Ukrainian border. → Read More

Europe's Christmas markets warily open as COVID cases rise

FRANKFURT, Germany (AP) — The holiday tree is towering over the main square in this central German city, the chestnuts and sugared almonds are roasted, and kids are clambering aboard → Read More