David McHugh

  • Europe Sep 2, 2019

    Global Stocks Mixed After US and China Increase Tariffs

    European stock markets drifted higher Monday while Asia was mixed after the U.S. and China escalated their war over trade and technology with new tariff increases. U.S. markets were closed for the Labor Day holiday, draining some of the energy from global trading. Benchmarks in London, Paris and Shanghai advanced. Tokyo and Hong Kong declined. Markets reacted less strongly to...

  • Donald Trump Aug 25, 2019

    High-Stakes Gamble: Iranian Envoy Gets Surprise G-7 Invite

    A top Iranian official paid an unannounced visit Sunday to the G-7 summit and headed straight toward the heart of the city where leaders of the world’s major democracies have been debating how to handle the country’s nuclear ambitions. France’s surprise invitation of Iranian Foreign Minister Mohammad Javad Zarif was a high-stakes gamble for French President Emmanuel Macron, who is...

  • CEO Jul 9, 2019

    From Nazis to Hippies: End of the Road for Volkswagen Beetle

    Volkswagen is halting production of the last version of its Beetle model this week at its plant in Puebla, Mexico. It’s the end of the road for a vehicle that has symbolized many things over a history spanning the eight decades since 1938. It has been: a part of Germany’s darkest hours as a never-realized Nazi prestige project. A symbol...

  • CEO Jul 9, 2019

    From Nazis to Hippies: End of the Road for Volkswagen Beetle

    Volkswagen is halting production of the last version of its Beetle model this week at its plant in Puebla, Mexico. It’s the end of the road for a vehicle that has symbolized many things over a history spanning the eight decades since 1938. It has been: a part of Germany’s darkest hours as a never-realized Nazi prestige project. A symbol...

  • CEO May 7, 2019

    BMW Profit Hit by Anti-Trust Case, Spending on Technology

    BMW lost money making cars in the first quarter as its automotive division was hit by a 1.4 billion-euro ($1.6 billion) set-aside for an anti-trust fine from the European Commission and by higher up-front costs for new technology and factories. The fine and investment spending, along with weaker pricing in some markets, led to an operating loss for the company’s...

  • attorney Apr 15, 2019

    Ex-Volkswagen CEO Charged With Fraud in Germany

    German prosecutors have charged former Volkswagen CEO Martin Winterkorn and four others with fraud and other offenses in connection with the company’s massive, multi-year effort to cheat on diesel emissions testing. Prosecutors said Monday that Winterkorn knew about the deceptive practice since at least May 2014, and failed to put a stop to it. That contradicted Winterkorn’s claim that he...

  • Donald Trump Dec 27, 2018

    US Stocks Stage Big Rally, Erase 600 Point Drop in Dow

    Wall Street staged a swift, last-minute turnaround Thursday that rescued stocks from a steep dive and put the market on track to end a topsy-turvy, volatile week with a gain. The comeback reversed a 611 point drop in the Dow Jones Industrial Average. The S&P 500 and Nasdaq eked out modest gains after having been down 2.8 and 3.3 percent,...

  • Donald Trump Jun 10, 2018

    Body Language: Photo of Merkel, Trump Captures G-7 Tensions

    One viral photo is telling it all about tensions at the G-7 summit. A picture of U.S. President Donald Trump and German Chancellor Angela Merkel displaying less-than-friendly body language is turning out to be a defining image of the contentious meeting of the Group of Seven leaders of the world’s advanced economies. The picture, snapped Saturday by German government photographer...

  • Donald Trump Jun 10, 2018

    Body Language: Photo of Merkel, Trump Captures G-7 Tensions

    One viral photo is telling it all about tensions at the G-7 summit. A picture of U.S. President Donald Trump and German Chancellor Angela Merkel displaying less-than-friendly body language is turning out to be a defining image of the contentious meeting of the Group of Seven leaders of the world’s advanced economies. The picture, snapped Saturday by German government photographer...

  • Governor Jan 29, 2018

    German Automakers Face Heat Over Tests on Monkeys, Humans

    Public criticism of the German auto industry has escalated on reports that diesel exhaust tests were carried out on both monkeys and humans. The chairman of Volkswagen said Monday that the tests involving monkeys were “totally incomprehensible” and the German government condemned the reported experiments and as well as others involving human volunteers as subjects.

  • Governor Dec 7, 2017

    Years After Lehman, Final Rules Set on Strengthening Banks

    A global forum of banking regulators has finished its years-long work on rules that aim to keep weak banks from needing taxpayer bailouts and setting off financial crises like the one that led to the Great Recession. The oversight board of the Basel Committee on Banking Supervision agreed on the last batch of rules at a meeting Thursday in Frankfurt,...

  • Donald Trump May 26, 2017

    Trump Criticizes German Trade Surplus, Again

    President Donald Trump has criticized Germany’s trade surplus with the United States, drawing attention to a contentious issue at a summit of world leaders where trade is already a sticking point. As the leaders of seven wealthy democracies gathered for difficult talks on trade and climate change, Germany’s Der Spiegel reported that Trump had told EU leaders the day before...

  • Donald Trump May 26, 2017

    Trump Facing 4 Key Issues at G-7 Meeting in Italy

    Not only have many of the faces changed at this year’s Group of Seven summit of leading wealthy democracies, but also many national positions. Four leaders are making their G-7 debut on Friday, including President Donald Trump. Also new to the table are French President Emmanuel Macron, British Prime Minister Theresa May and the Italian host, Premier Paolo Gentiloni. Since...

  • officer Apr 12, 2017

    Germany Eyes Islamic Extremist Motive in Dortmund, Arrests 1

    German authorities arrested a suspected Islamic extremist Wednesday in their investigation into a bomb attack on a top German soccer team, while the team — missing a defender wounded in the blasts — lost 3-2 to Monaco in a hastily rescheduled Champions League match. Amid heightened security, the defeat for Borussia Dortmund in Europe’s top club competition came less than...

  • Donald Trump Mar 18, 2017

    Yielding to US, World Powers Drop Pledge to Fully Oppose Trade Protectionism

    The world’s top economic powers have dropped a pledge to fully oppose trade protectionism amid pushback from the U.S. government of President Donald Trump, who wants to favor American companies and workers more. Finance ministers at a Group of 20 meeting in Germany issued a statement Saturday that said only that countries “are working to strengthen the contribution of trade”...

  • China Dec 9, 2016

    Trump Critical of China at Iowa Rally

    As part of his “Thank You Tour” Donald Trump spoke at a rally in Iowa on Dec. 8, 2016. His was critical of China’s trade policies, saying “they haven’t played by the rules and I know it’s time that they’re going to start.”

  • Germany Jan 20, 2016

    Iran’s Big Market Tempts European Firms Despite Hazards

    With many barriers to dealing with Iran suddenly lifted as part of a deal to curb its nuclear activities, some European companies are ready to seize business opportunities in a tempting market of 78.5 million people....
    At first glance, the allure is obvious — the second-largest economy in the Middle East-North Africa region after Saudi Arabia; the second most populous country...

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