
EU leaders play down bank risks as economy weakens
European Union leaders are playing down the risk of a banking crisis developing from recent global financial turmoil and hitting an already weak economy
European Union leaders are playing down the risk of a banking crisis developing from recent global financial turmoil and hitting an already weak economy
Shares of Germany’s largest bank fell more than 10%, bringing concerns about the health of the financial system back to the forefront
Scholz brought six of the 17 Cabinet members for talks with Japanese counterparts, including economy, finance, foreign, interior, transport and defense ministers
Eight people were killed and eight were wounded, including a woman who was 28 weeks pregnant and lost the baby. German Chancellor Olaf Scholz said the death toll could rise
Biden and von der Leyen are expected to agree to open negotiations about the use of European minerals critical in the production of electric vehicle batteries
Shifting away from planet-heating fossil fuels toward renewable power will be particularly difficult for Germany’s energy-intensive manufacturing industry
US officials have warned recently that China could step off the sidelines and begin providing arms and ammunition to Moscow
German Chancellor Olaf Scholz said Western allies would support Ukraine for “as long as it takes”
Scholz stressed that developing countries were being negatively impacted by energy and food shortages resulting from the war
The EU’s biggest economy has taken in more asylum seekers as a result of the Russian invasion of Ukraine than in total during the crisis of 2015 and 2016