US hiring slowed to an 11-month low in September
2017-10-04 16:44:29 UTC
(Reuters) - U.S. companies scaled back their hiring to an 11-month low in September after two powerful hurricanes disrupted some business activities, while the vast domestic services sector overcame those snags to expand at its fastest pace in 12 years.
The latest data helped soothe investors ...
German automakers relying on efficiency to build electric cars
2017-10-05 03:13:13 UTC
FRANKFURT (Reuters) - BMW and Mercedes are betting they can mass produce new electric cars based on conventional vehicles, defying sceptics who say they will need more radical designs to head off the threat from Tesla and other start-up carmakers.
There are two ways to make battery-driven vehi...
'Subscription news websites' may face less prominence in Google search results
2017-10-02 22:19:54 UTC
SAN FRANCISCO (Reuters) - Google announced on Sunday that subscription news websites would no longer have to provide users three free articles per day or face less prominence in search results, relaxing its rules following complaints from media giants like News Corp that their sales were sufferin...
Trump's Tax Plan Will add Trillions of Dollars to the Debt
2017-09-28 06:48:39 UTC
WASHINGTON (Reuters) - President Donald Trump proposed on Wednesday the biggest U.S. tax overhaul in three decades, calling for tax cuts for most Americans, but prompting criticism that the plan favors business and the rich and could add trillions of dollars to the deficit.
The proposal drew a...
Trump: Republicans Have Votes to Pass Healthcare Later
2017-09-27 13:07:35 UTC
WASHINGTON (Reuters) - Republicans have enough support to pass their healthcare overhaul but not this week, President Donald Trump said on Wednesday, one day after Senate Republicans admitted defeat over their effort to repeal and replace Obamacare.
Trump, in a pair of tweets early Wednesday m...
Trump's Tax Plan Proposes Deep Cuts, Lacks Revenue Details
2017-09-27 12:52:02 UTC
WASHINGTON (Reuters) - U.S. President Donald Trump will call on Wednesday for slashing tax rates on businesses and the wealthy as part of a new tax plan that is likely to offer few details about how to pay for the cuts without expanding the federal deficit.
Hammered out over mo...
SEC Hack: Persistent Government Cyber Vulnerability
2017-09-22 14:24:31 UTC
Dustin Volz, Jason Lange
WASHINGTON/NEW YORK (Reuters) - A major computer hack at America’s top stock market regulator is the latest sign that data stored in the highest reaches of the U.S. government remains vulnerable to cyber attacks, despite efforts across multiple presidencies to limit hi...
China's Banks to Stop Doing Business with North Korea
2017-09-21 13:19:57 UTC
BEIJING/HONG KONG (Reuters) - China’s central bank has told banks to strictly implement United Nations sanctions against North Korea, four sources told Reuters, amid U.S. concerns that Beijing has not been tough enough over Pyongyang’s repeated nuclear tests.
Tensions between the United States...
Brexit: 10,000 finance jobs will be shifted out of Britain
2017-09-18 14:51:50 UTC
LONDON (Reuters) - Around 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if the UK is denied access to Europe’s single market, according to a Reuters survey of firms employing the bulk of workers in international finance.
Frankfurt was by far the m...
EU Plans To Raise Taxes For Internet Giants
2017-09-17 00:53:39 UTC
TALLINN (Reuters) - A European Union plan to raise more tax from digital multinationals faced the first signs of scepticism on Saturday, as smaller members of the bloc warned about the economic impact from such a move.
France wants to tax companies like Google and Facebook on their turnover, r...
Equifax: Web Server Vulnerability Led to Hack
2017-09-14 11:48:32 UTC
(Reuters) - Credit reporting company Equifax Inc blamed a web server vulnerability in its open-source software, called Apache Struts, for the recent data breach that compromised personal details of as many as 143 million U.S. consumers.
The massive data breach had exposed valuable information ...
Bluetooth bugs bedevil billions of android devices
2017-09-13 17:45:53 UTC
More than 5.3 billion devices with Bluetooth signals are at risk of a malware attack newly identified by an internet of things security company.
If you're not keeping count, that's most of the estimated 8.2 billion devices that use Bluetooth, which allows for our gadgets to connect and communi...
JPMorgan's Dimon says Bitcoin 'is a fraud' and will blow up
2017-09-12 21:06:11 UTC
NEW YORK (Reuters) - Bitcoin “is a fraud” and will blow up, Jamie Dimon, chief executive of JPMorgan Chase & Co (JPM.N), said on Tuesday.
Speaking at an investor conference in New York, Dimon said, “The currency isn’t going to work. You can’t have a business where people can invent a currency ...
US job openings continue to rise amid a scarcity of qualified workers
2017-09-12 20:29:53 UTC
WASHINGTON (Reuters) - U.S. job openings rose to a record high in July, suggesting a slowdown in job growth in August was an aberration and that the labor market was strong before the recent disruptive hurricanes.
The monthly Job Openings and Labor Turnover Survey, or JOLTS, released by the La...
Brexit may force Toyota to shift some UK production elsewhere
2017-09-12 18:54:54 UTC
FRANKFURT (Reuters) - Deepening uncertainties over the direction and timetable of Brexit negotiations may force Toyota to shift some UK production elsewhere if they are not addressed, the Japanese carmaker warned on Tuesday.
Early government assurances that free trade with the European Union w...
Trump Tweets: 'start the Tax Reform/Tax Cut legislation ASAP'
2017-09-08 17:38:35 UTC
WASHINGTON (Reuters) - U.S. President Donald Trump urged fellow Republicans on Friday to begin work on tax reform legislation immediately, exhorting them to hurry up after two days in which he stunned members of his party with overtures to opposition Democrats.
“Republicans must start the Tax ...
Ryan and Mnuchin See U.S Tax Overhaul by End of Year
2017-09-07 17:05:19 UTC
Doina Chiacu, Susan Heavey
WASHINGTON (Reuters) - Treasury Secretary Steven Mnuchin and House of Representatives Speaker Paul Ryan voiced confidence on Thursday that Congress will pass an overhaul of the U.S. tax code by the end of this year, a major but elusive goal for President Donald Trump...
Elizabeth Warren backs Medicare for All
2017-09-07 16:49:43 UTC
Elizabeth Warren backs Medicare for All. Bernie Sanders has not yet introduced his Medicare for All bill in the Senate, but on Thursday morning it gained an important supporter in Warren. In a statement, Warren said she based her decision on her constituents’ needs and added:
I believe it’s time...
Brazilian Firm, Odebrecht, Denies Paying Venezuelan Politician $100 Million
2017-09-07 16:33:08 UTC
CARACAS (Reuters) - Scandal-hit Brazilian construction company Odebrecht denied accusations it paid $100 million to Venezuelan Socialist Party Vice President Diosdado Cabello, as alleged by the country’s fugitive former chief prosecutor.
Luisa Ortega, who fled Venezuela last month after coming...
Macron backs Germany’s idea of a European Monetary Fund to counter economic shocks
2017-09-07 17:57:39 UTC
ATHENS (Reuters) - French President Emmanuel Macron on Thursday backed Germany’s idea of a European Monetary Fund (EMF) to counter economic shocks in euro zone member states but stressed the ultimate goal of deeper integration should remain a euro zone budget.
Macron wants a giant leap forward...
NAFTA Nations Plan For Progress Despite Trump
2017-08-31 16:51:33 UTC
MEXICO CITY (Reuters) - Trade negotiators plan to take small steps forward in a second round of talks to rework the North American Free Trade Agreement (NAFTA) this weekend, trying to ignore daily threats from U.S. President Donald Trump to tear it up if he does not get his way.
Trump has used...
Bitcoin Derived Blockchain Used in Car Sharing
2017-08-30 14:53:09 UTC
DETROIT (Reuters) - The technology underpinning the cryptocurrency bitcoin is migrating to the auto industry and vehicle sharing.
Accounting and consulting firm EY, part of Ernst & Young Global Ltd, said on Wednesday it was launching a blockchain based system that will enable companies or grou...
Hurricane Harvey Shuts Down Texas Oil Refineries: Weeks to Recover
2017-08-29 14:38:11 UTC
The hole that Hurricane Harvey ripped across the energy industry along the Gulf Coast will take time to repair, and the Trump administration doesn't look ready to tap into the government's crude oil reserves to head off a jump in gasoline prices.
As much as 10 percent of the U.S. oil refining ...
North Korea Missile Test Jolts Investors: U.S. Stocks Drop
2017-08-29 14:07:59 UTC
(Reuters) - The Dow fell more than 100 points at the open on Tuesday as North Korea’s missile test over Japan prompted President Donald Trump to warn that “all options are on the table”, triggering a flight to safety among investors.
The missile, tested early on Tuesday, flew over Japan and la...
Harvey's Aftermath: 400,000 Mortgages Are Up In The Air
2017-08-29 01:40:39 UTC
(Reuters) - U.S. mortgage agencies face possible losses on some of the 400,000 mortgages they guarantee on homes ravaged by Hurricane Harvey, but they will not know the extent of the damage until the wind and rain stop in Texas and Louisiana.
Some of the structures may not have flood insurance...