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OPEC, allies raise limits for 5 countries to end oil dispute

DUBAI, United Arab Emirates (AP) — OPEC and allied nations Sunday agreed to eventually raise the production limits imposed on five countries, ending an earlier dispute sparked by the United Arab Emirates that roiled global energy prices. The disagreement, sparked by a demand by the UAE to...

China's economic growth slows to still-robust 7.9%

BEIJING (AP) — China’s economic growth slowed to a still-strong 7.9% over a year earlier in the three months ending in June as a rebound from the coronavirus leveled off. As expected, the growth reported Thursday fell from the previous quarter’s explosive 18.3%, which was...

EU fines 4 German car makers $1B over emission collusion

BRUSSELS (AP) — The European Union on Thursday handed down $1 billion in fines to four major German car manufacturers, saying they colluded to limit the development and rollout of car emission control systems. Daimler, BMW, VW, Audi and Porsche avoided competing on technology to...

Some Chinese shun grueling careers for 'low-desire life'

BEIJING (AP) — Fed up with work stress, Guo Jianlong quit a newspaper job in Beijing and moved to China’s mountain southwest to “lie flat.” Guo joined a small but visible handful of Chinese urban professionals who are rattling the ruling Communist Party by rejecting grueling careers...