David McHugh, Author at Daily Hampshire Gazette

Taps are photographed at a gas station in Frankfurt, Germany, Wednesday, Oct. 5, 2022. A cut in oil production is on the table when OPEC oil-producing countries meet Wednesday. The OPEC+ alliance that includes Saudi Arabia and Russia is weighing a cut of a million barrels per day or more. The idea is to boost oil prices that have fallen from summer highs of over $100 to around $80 for U.S. crude. (AP Photo/Michael Probst)

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OPEC+ makes big oil cut to boost prices

by David McHugh Associated PressOctober 5, 2022

FRANKFURT, Germany — The OPEC+ alliance of oil-exporting countries decided Wednesday to sharply cut production to support sagging oil prices, a move that could deal the struggling global economy another blow and raise politically sensitive pump prices…

Street food vendor Warunee Deejai cooks lunch for customers in Bangkok, Thailand, Thursday, Aug. 11, 2022. In the six months since Russia invaded Ukraine, the fallout from the war has had huge effects on the global economy. Though intertwined with other forces, the war has made problems like inflation much worse for people around the world. In Bangkok, rising costs for pork, vegetables and oil have forced Warunee Deejai, a street-food vendor, to raise prices, cut staff and work...

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War in Ukraine at 6 months: Global economy in peril

by Paul Wiseman Associated Press, and David McHugh Associated PressAugust 21, 2022

FILE - A pumping unit sucks oil from the ground near Greensburg, Kan. on March 6, 2012. The International Energy Agency says all 31 member countries 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 IEA board made the decision Tuesday, march 1, 2022 at an extraordinary meeting of energy ministers chaired by U.S. Energy...

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Nations agree to release 60M barrels of oil amid war

by David McHugh Associated PressMarch 1, 2022

FILE - The Russian pipe-laying ship 'Akademik Tscherski' which is on deployment for the further construction of the Nord Stream 2 Baltic Sea pipeline is moored at the port of Mukran on the island of Ruegen, Germany, on Sept. 8, 2020. Russia's natural gas pipeline to Europe is built and ready to flow. But not so fast. The Nord Stream 2 pipeline faces a rocky road ahead. First there's statement by the U.S. secretary of state that gas won't flow if Russia launches military aggression...

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Hurdles mount for Russian pipeline

by David McHugh Associated Press, and Vladimir Isachenkov Associated PressDecember 22, 2021

Permanent Secretary of the Royal Swedish Academy of Sciences Goran K Hansson, center, announces the 2021 Nobel prize for economics, flanked by members of the Royal Swedish Academy of Sciences Peter Fredriksson, left, and Eva Mork, during a press conference at the Royal Swedish Academy of Sciences, in Stockholm, Sweden, Monday, Oct. 11, 2021. From left on the screen above are the winners David Card of the University of California at Berkeley; Joshua Angrist from the Massachusetts...

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Labor research wins economics Nobel

by Christopher Rugaber Associated Press, David McHugh Associated Press, and David Keyton Associated PressOctober 11, 2021

FILE - In this Friday, Jan. 24, 2014 file photo, Nigerian Finance Minister Ngozi Okonjo-Iweala during a panel discussion "The Post-2015 Goals: Inspiring a New Generation to Act", the fifth annual Associated Press debate, at the World Economic Forum in Davos, Switzerland. Okonjo-Iweala was appointed Monday, Feb. 15, 2021 to head the World Trade Organization as it seeks to to resolve disagreements over how it decides cases involving billions in sales and thousands of jobs. Okonjo-Iweala...

First woman, African to lead WTO

by David McHugh Associated PressFebruary 15, 2021

Actor and theater director Aris Laskos poses outside the Theater of Neos Kosmos in Athens, Thursday. Laskos hasn’t worked since early February and received a one-off support check for 800 euros ($940) shortly after the country’s economy was placed in lockdown in the spring due to the pandemic.

Unemployment marches higher in Europe as pandemic grinds on

by David McHugh Associated Press, and Helena Alves Associated PressOctober 1, 2020

A woman lights a candle at a monument on the market place during a mourning for the victims of the shooting in Hanau, Germany, Thursday, Feb. 20, 2020. A 43-year-old German man shot and killed nine people at several locations in a Frankfurt suburb overnight in attacks that appear to have been motivated by far-right beliefs, officials said Thursday. (AP Photo/Martin Meissner)

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German gunman calling for genocide kills 9

by David McHugh Associated Press, David Rising Associated Press, and Frank Jordans Associated PressFebruary 20, 2020

FILE - In this Aug. 1, 2018 file photo Herbert Diess, CEO of the Volkswagen car maker company, addresses the media during a press conference in Wolfsburg, Germany. German prosecutors say they have charged Volkswagen chief executive Herbert Diess and chairman Hans Dieter Poetsch, along with former CEO Martin Winterkorn, with market manipulation in connection with the diesel emissions scandal that erupted in 2015.(AP Photo/Michael Sohn, file)

VW bosses charged in emissions scandal

by Geir Moulson Associated Press, and David McHugh Associated PressSeptember 24, 2019

Tourists walk on the beach promenade as French police officers stand guard ahead of the upcoming G-7 Summit in Biarritz, France, Thursday.

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Vital signs: Global economy sours

by Paul Wiseman Associated Press, David McHugh Associated Press, and Josh Boak Associated PressAugust 22, 2019