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- Smoke rises from the nuclear power plant of Nerckarwestheim in Neckarwestheim, Germany, on Aug. 22, 2022. Europe is staring an energy crisis in the face. The cause: Russia throttling back supplies of natural gas. European officials say it's a pressure game over their support for Ukraine after Russia's invasion. (AP Photo/Michael Probst, File)
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EXPLAINER: Europe struggles to cope with Russia gas shutoffs
By DAVID MCHUGH - AP Business Writer
Tue,09/06/22-8:36AM , 152 Reads
FRANKFURT, Germany (AP) — Europe is facing an energy crisis that is squeezing ordinary people’s finances and in just a few weeks could mushroom into rolling blackouts and
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- A person wearing a protective mask walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm Wednesday, Sept. 7, 2022, in Tokyo. Asian shares were mostly lower Wednesday, as pessimism prevailed about higher interest rates ahead and Wall Street shares fell for the fourth straight week. Oil prices fell, while the Japanese yen continued to decline against the U.S. dollar to nearly 144 yen. (AP Photo/Eugene Hoshiko)
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Asian shares decline on Wall Street losses, rate worries
By YURI KAGEYAMA - AP Business Writer
Tue,09/06/22-3:53AM , 299 Reads
TOKYO (AP) — Asian shares were mostly lower Wednesday, as pessimism prevailed about higher interest rates ahead and Wall Street shares fell for the fourth straight week.
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- The sun sets behind an idle pump jack near Karnes City, USA, April 8, 2020. Oil prices are sagging amid fears of recessions across the globe. OPEC and allied countries are weighing what to do about that when they meet online Thursday, Sept. 8, 2022. High oil prices were a bonanza for countries like Saudi Arabia over the summer, but now they're well off those highs. Saudi Arabia's oil minister has even said the group known as OPEC+ could cut production at any time. (AP Photo/Eric Gay, File)
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OPEC+ makes small trim to world oil supplies as prices fall
By DAVID MCHUGH - AP Business Writer
Mon,09/05/22-4:35AM , 346 Reads
FRANKFURT, Germany (AP) — OPEC and allied oil-producing countries, including Russia, made a small trim in their supplies to the global economy Monday, underlining their unhappiness as recession fears help drive down crude prices — alon
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- A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Monday, Sept. 5, 2022. Asian stock markets declined Monday after Wall Street ended last week lower and China tightened anti-virus controls. (AP Photo/Lee Jin-man)
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Global stocks sink as Europe faces new squeeze on gas supply
By JOE MCDONALD - AP Business Writer
Mon,09/05/22-12:33AM , 102 Reads
BEIJING (AP) — Global stock markets sank Monday as Europe faced a new squeeze on Russian gas supplies.

London and Frankfurt opened lower. Tokyo, Hong Kong and South Korea fell while Shanghai gained. Oil prices rose more than $2 per barrel while the euro edged lower.
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