After surging about 10 percent on Thursday, oil prices had little reaction to the decision by President Trump to waive sanctions on the sale of some Russian crude.
Category: Europe
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Fallout From Iran War and Oil Shock Deliver Another Blow to World Economy
Countries already walloped by a breakdown of the international trading order, war in Ukraine and chaotic U.S. policymaking are facing potentially lasting economic damage.
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U.S. Gas Prices Jump for 11th Straight Day, and Oil Pushes Higher
Drivers are paying an average of 20 percent more at the pump since the strikes on Iran began. The global oil price was up and stocks in Asia rose.
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G7 Countries Hold Off on Releasing Emergency Oil Supplies
Finance ministers for the seven industrialized countries met on Monday and said they would consider releasing oil from reserves but were not ready to do so now.
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War-Induced Inflation Spike Looms Over Europe’s Economic Recovery
For months, the region has been encouraged by low inflation and better-than-expected economic growth. A disruption to energy supplies from the Middle East could knock it off course.
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Ford and G.M. Face a Dilemma as China Excels in Electric Vehicles
General Motors, Ford and other established automakers risk becoming relics if they don’t catch up to Chinese carmakers and technology companies in electric vehicles and self-driving cars.
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Wayve, an A.I. Driverless Car Start-Up in Europe, Raises $1.2 Billion
The London-based company is building a system that uses artificial intelligence to power autonomous vehicles.
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After Tariff Decision, What Happens to Trump’s Deals With China, Canada and Europe?
The Supreme Court’s decision to invalidate many of President Trump’s tariffs raised questions about what would become of agreements struck with major U.S. trading partners.
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After Tariff Decision, What Happens to Trump’s Deals With China, Canada and Europe?
The Supreme Court’s decision to invalidate many of President Trump’s tariffs raised questions about what would become of agreements struck with major U.S. trading partners.
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Europe Worries Trump Poses Threat to Its Financial and Tech Sovereignty
European leaders have been compelled to address the possibility of once-remote risks to the financial networks and technology that undergird their economies.
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In Europe, the Allure of Summer Travel Keeps Dimming
A big shift to spring, fall or even winter vacations in touristy, hot-weather cities like Barcelona, Florence and Athens shows no signs of slowing down.