Economy

WTO panel: EU fails to end illegal subsidies for Airbus

Dec 2, 2019

A World Trade Organization panel has ruled the European Union has not complied with an order to end illegal subsidies for European plane maker Airbus that prompted the Trump administration to impose tariffs on nearly $7.5 billion worth of EU goods.

Draghi stepped in during euro's darkest hour

Oct 28, 2019

Mario Draghi is widely credited with rescuing one of the Europe Union's most precious projects _ its 20-year-old single currency _ from disaster with a well-timed phrase and actions to back up his words

The Latest: Draghi says his legacy not dented by criticism

Oct 24, 2019

As he winds up his eight-year term, European Central Bank President Mario Draghi says his legacy isn't dented by the unusual public criticism by some ECB officials of a key part the bank's last stimulus package

UK envoy tips trade deal with Australia months after Brexit

Sep 18, 2019

Britain's top trade envoy says she expects to strike a free trade deal with Australia within months of leaving the European Union

German industrial production drops again in June

Sep 6, 2019

German industrial production declined for a second consecutive month in July in the latest sign that Europe's biggest economy is headed for a recession in the current quarter

South Korean leader says Japan dishonest over wartime past

Aug 29, 2019

South Korean president berates Japan for carrying out plan to downgrade South Korea's trade status and reiterates Seoul's stance that Tokyo was weaponizing trade to retaliate over disputes from wartime history

The Latest: Macron regrets Brazil rejection of Amazon aid

Aug 27, 2019

French President Emmanuel Macron is shrugging off Brazil's rejection of international aid to fight Amazon wildfires, saying the money is aimed at nine countries in the region and is a sign of friendship _ not "aggressiveness."

The Latest: WH says no secret first lady-Kim Jong Un meeting

Aug 26, 2019

No, first lady Melania Trump hasn't had any secret meetings with North Korean leader Kim Jong Un

UK's Johnson gets Trump backing as he eyes Brexit endgame

Aug 26, 2019

U.K. Prime Minister Boris Johnson has won the sympathy of U.S. President Donald Trump, who suggested that the European Union would drive a hard bargain on Brexit

G7 leaders struggle for breakthrough on economy, Iran

Aug 26, 2019

G-7 leaders are wrapping up a summit dominated by tensions over U.S. trade policies and a surprise visit by Iran's top diplomat

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