Trade War: Mexico Rejects U.S. Bid to Split NAFTA
2018-03-06 20:38:08 UTC
WASHINGTON/MEXICO CITY (Reuters) - Republican lawmakers stepped up calls for President Donald Trump to pull back from proposed tariffs on steel and aluminum imports as key trading partner Mexico rejected a bid by Washington to drive a wedge between it and Canada in talks to renegotiate the North ...
U.S. declares trade war against EU, Canada, Mexico, China, Japan and South Korea
2018-03-04 20:58:07 UTC
WASHINGTON (AP) — U.S. President Donald Trump’s administration appears unbowed by broad domestic and international criticism of his planned import tariffs on steel and aluminum, saying Sunday that the president is not planning on exempting any countries from the stiff duties.
Speaking on CNN’s...
Trump's protectionist measures will hurt US economy
2018-03-04 00:47:34 UTC
WASHINGTON - Trump finally appears poised to make good on his promised threats to slam the door on free trade and erect walls around the country’s economy.
The U.S. President kept up pressure on trading partners, threatening European automakers with a tax on imports if the European Union reta...
Israeli police questioned Prime Minister Benjamin Netanyahu
2018-03-02 09:31:31 UTC
Israeli police have already arrested two people close to Prime Minister Benjamin Netanyahu for allegedly promoting regulations for Israel's largest telecommunications company. Netanyahu is also a suspect in two other graft probes.
Israeli police questioned Prime Minister Benjamin Netanyahu and...
Eurozone Posts Fastest Economic Growth in a Decade
2018-03-02 08:55:40 UTC
BENGALURU (Reuters) - While euro zone business growth was the fastest in well over a decade at the start of the year, it lost some steam last month as a stronger currency took its toll, a private-sector survey of purchasing managers showed.
Still, over 70 percent of respondents in the latest R...
The Economic Consequences of Trump's Trade War
2018-03-02 08:37:49 UTC
SEOUL/SYDNEY (Reuters) - The U.S. oil and gas industry slammed President Donald Trump's plan to impose tariffs on imported steel, saying the move would kill energy jobs by raising costs for big infrastructure projects.
Trump’s planned tariffs on steel and aluminum will distort global trade...
Federal judge dismisses lawsuit against Coca-Cola's Diet Coke "weight loss" ads
2018-02-28 18:12:26 UTC
(Reuters) - A federal judge has dismissed a lawsuit claiming that Coca-Cola Co’s advertising for Diet Coke misleads people into thinking that consuming the soft drink assists in weight loss, and that it actually causes weight gain.
The plaintiff, Shana Becerra, claimed that she and others wo...
US cable provider 'Comcast' offers $31 billion for 'Sky'
2018-02-27 08:46:42 UTC
LONDON - Comcast Corp, the biggest cable operator in the United States, offered to pay $31 billion to buy Sky, the European pay-TV group that has agreed to be sold to Rupert Murdoch's Fox.
Comcast, which owns NBC and Universal Pictures, said it was offering 12.50 pounds per share, significantl...
US film studio 'The Weinstein Company' to file for bankruptcy
2018-02-27 00:53:48 UTC
The Weinstein Company said that the U.S. film studio, whose ex-chairman Harvey Weinstein has been accused of sexual harassment and assault, planned to file for bankruptcy in the coming days after talks to sell itself collapsed.
Filing for bankruptcy protection creates more uncertainty about ho...
New criminal charges against Trump aides Manafort, Gates
2018-02-23 05:38:39 UTC
WASHINGTON (Reuters) - The special counsel in the Russia probe filed new criminal charges on Thursday against President Donald Trump’s former campaign aides Paul Manafort and Rick Gates, stepping up pressure in a legal battle that started last year.
The 32-count indictment filed by Robert Muel...
Germany calls on UK to offer more 'concrete' Brexit plans
2018-02-16 17:47:12 UTC
BERLIN (Reuters) - A Brexit deal should strike a balance to ensure Britain clearly diverges from the European Union’s single market but keeps close economic ties with the bloc, German Chancellor Angela Merkel said after meeting British Prime Minister Theresa May on Friday.
Merkel struck an upb...
Netanyahu faces corruption and breach of trust charges
2018-02-14 16:36:57 UTC
How is the Israeli prime minister linked to an allegedly corrupt deal with German steel producer ThyssenKrupp?
One is Israel's long-serving prime minister, the other is one of Germany's biggest industrial corporations, and now the two have been caught up in one of the scandals that could yet b...
The Real Concerns About Markets As U.S. Inflation Looms
2018-02-14 18:54:27 UTC
New York — U.S. financial markets have been roiled recently by something neither the economy nor investors have had to contend with for the better part of a decade: concerns they may soon have to reckon with rising inflation.
The S&P 500 .SPX.INX is down more than 7 percent from its lifetime h...
Rebuilding Iraq after war with ISIS will cost $88.2 billion
2018-02-12 10:49:21 UTC
KUWAIT (Reuters) - Rebuilding Iraq after three years of war with Islamic State will cost $88.2 billion, with housing a particularly urgent priority, Iraqi officials told an international donors’ conference on Monday.
Donors and investors have gathered in Kuwait this week to discuss efforts to ...
German workers win right to 28-hour week and 4.3% pay rise
2018-02-12 10:19:03 UTC
Berlin — German workers have won the right to a 28-hour week in a victory towards their fight for a better work-life balance.
Industrial union IG Metall, Europe’s largest trade union, has won its workers the right to work the equivalent of under six hours each day in a deal that could eventual...
Audi, VW and Porsche Develop Joint Electric Car Platform
2018-02-10 21:32:51 UTC
FRANKFURT (Reuters) - Porsche and Audi, Volkswagen’s main luxury car divisions, plan to develop a joint platform for electric vehicles that will enable them significantly cut down on costs, German newspapers quoted their chief executives as saying.
“By 2025, we’re facing a low single-digit bil...
Welcome back to Bush era: The worst week for stocks since 2008 financial crisis
2018-02-09 19:13:49 UTC
The stock market is on pace for its worst week since the 2008 financial crisis.
Wall Street’s main indexes fell more than 500 points Friday afternoon, deepening losses in the past week that have put all three main U.S. markets in correction territory.
The technology-heavy Nasdaq index was t...
Paul: I can't look the other way by trillion-dollar deficits
2018-02-09 06:06:44 UTC
WASHINGTON (AP) — The U.S. government stumbled into a shutdown at midnight as a rogue Senate Republican blocked a speedy vote on a massive, bipartisan, budget-busting spending deal, protesting the return of trillion-dollar deficits on the watch of Republicans controlling Washington.
Dow Jones falls again, sending investors into a panicked frenzy
2018-02-08 17:53:50 UTC
(Reuters) - U.S. stocks turned lower in early trading on Thursday, with investors still on edge as volatility in financial markets persisted following the worst declines in more than two-and-a-half years earlier in the week.
Wall Street ran out of steam on Wednesday after an early surge as inv...
California will block transportation of oil from Trump offshore drilling plan
2018-02-08 07:11:56 UTC
SACRAMENTO, Calif. (Reuters) - California will block the transportation through its state of petroleum from new offshore oil rigs, officials told Reuters on Wednesday, a move meant to hobble the Trump administration’s effort to vastly expand drilling in U.S. federal waters.
California’s plan t...
Britain's Hope For New Vote On Brexit
2018-02-06 21:00:28 UTC
LONDON — Brexit opponents have begun pushing for a new referendum in the hopes that British voters will have had a change of heart about leaving the European Union. That may just be so, reports Samira Shackle from London.
At the end of December, former Labour minister Andrew Adonis resigned fr...
5 Reasons the US Market Is Crashing
2018-02-06 04:38:54 UTC
Dow Jones industrials plummets with largest drop since 2011.
The US Dow Jones stock index plunged 4.6 percent Monday, in its biggest one-day percentage loss since 2011. The selloff has wiped off all its gains since the start of 2018. Asia shares have also been down sharply.
The Dow Jones In...
Dow Jones Worst Day Since 2011
2018-02-06 03:58:21 UTC
TOKYO (AP) — Shares tumbled in Asia on Tuesday after a wild day for U.S. markets that resulted in the biggest drop in the Dow Jones industrial average in six and a half years.
Japan’s Nikkei 225 index dropped as much as 5.6 percent in early trading Tuesday. By midday it was down 5.3 percent at...
Germany's Economy Growing Fast with Surplus
2018-02-01 22:18:01 UTC
BERLIN (Reuters) - The German government this week raised its 2018 growth forecast to 2.4 percent from 1.9 percent after bullish economic data, which could translate into added tax revenues.
That would give more leeway to increase state spending over the next four years beyond what is currentl...
EU Pledges Additional $53 Million in Aid to Palestinians
2018-01-31 20:55:32 UTC
The EU has promised an extra $53 million to Palestinians for state-building efforts. The aid comes after the US decision to withhold millions in funding from the UN agency that supports Palestinian refugees.
The European Union has pledged €42.5 million ($53 million) to support Palestinians, ah...