Economy

  • VW to spend $800 million in California and a total of $2 billion nationwide on clean car infrastructure
    Vw_to_spend__800_million_in_california_and_a_total_of__2_billion_nationwide_on_clean_car_infrastructure 2017-06-29 23:39:43 UTC
    San Francisco — Volkswagen AG on Thursday told California it was expanding efforts to build electric car infrastructure in poorer communities, responding to regulators who described "shortcomings" in VW's plan. The California Air Resources Board in May said that VW's Electrify America unit nee...

  • Canada's Court Forces Google to Remove Results Worldwide
    Canada's_court_forces_google_to_remove_results_worldwide 2017-06-28 16:15:32 UTC
    Canadian courts can force internet search leader Google to remove results worldwide, the country's top court ruled on Wednesday, drawing criticism from civil liberties groups arguing such a move sets a precedent for censorship on the internet. In its 7-2 decision, Canada's Supreme Court found ...

  • GOP delays vote on health care bill: Fear of a disastrous defeat
    Gop_delays_vote_on_health_care_bill-_fear_of_a_disastrous_defeat 2017-06-27 21:00:38 UTC
    WASHINGTON — Facing a potentially disastrous defeat by members of his own party, U.S. Senate Majority Leader Mitch McConnell decided on Tuesday to delay a vote on healthcare legislation in order to get more support from Republican senators. President Donald Trump summoned all 52 Republican sen...

  • California: Monsanto Weed-Killer Roundup Causes Cancer
    California-_monsanto_weed-killer_roundup_causes_cancer 2017-06-27 18:10:30 UTC
    Glyphosate, an herbicide and the active ingredient in Monsanto Co's popular Roundup weed killer, will be added to California's list of chemicals known to cause cancer effective July 7, the state's Office of Environmental Health Hazard Assessment (OEHHA) said on Monday. Monsanto vowed to contin...

  • Massive hack attack: "It's like WannaCry all over again"
    Massive_hack_attack-_%22it's_like_wannacry_all_over_again%22_ 2017-06-27 17:39:04 UTC
    MOSCOW/KIEV — A ransomware attack hit computers across the world on Tuesday, taking out servers at Russia's biggest oil company, disrupting operations at Ukrainian banks, and shutting down computers at multinational shipping and advertising firms. Cyber security experts said those behind the a...

  • EU antitrust regulators hit Alphabet unit Google with a record $2.7 billion fine
    Eu_antitrust_regulators_hit_alphabet_unit_google_with_a_record__2.7_billion_fine 2017-06-27 16:50:51 UTC
    BRUSSELS — EU antitrust regulators hit Alphabet unit Google with a record 2.42-billion-euro ($2.7 billion) fine on Tuesday, taking a tough line in the first of three investigations into the company's dominance in searches and smartphones. It is the biggest fine the EU has ever imposed on a sin...

  • 22 million Americans would lose insurance under GOP,Trump bill
    Gop-_we_have_enough_votes_to_repeal_obamacare 2017-06-27 06:54:47 UTC
    WASHINGTON — Twenty-two million Americans would lose insurance over the next decade under the healthcare bill drafted by U.S. Senate Republicans, a nonpartisan office said on Monday, an assessment that will likely make it more difficult for the already-fraught legislation to win support for speed...

  • Sanders Calls Trump & Republicans Healthcare Plan 'Barbaric'
    Bernie_sanders-_-it's_easier_to_get_into_a_war_than_get_out_of_one--1 2017-06-24 17:48:38 UTC
    In an appearance on Anderson Cooper 360, Sen. Bernie Sanders (I-VT) explained why the newly-release Affordable Health Care Act is “the most harmful piece of legislation” he’s ever seen. “If you throw over 23 million people off of health insurance, if you cut Medicaid by over $800 billion dolla...

  • Obama: The Senate bill would raise costs, reduce coverage, roll back protections
    Obama-_affordable_care_act_is_to_make_people%e2%80%99s_lives_better__not_worse 2017-06-24 17:51:21 UTC
    Barack Obama released a blistering statement on Thursday condemning Senate Republicans’ plans to repeal and replace the Affordable Care Act, calling the draft legislation a “massive transfer of wealth from middle-class and poor families to the richest people in America.” "Affordable Care Act r...

  • Republican Health Care Bill: A Massive Reduction in Medicaid Spending
    Senate_republican_health_care_bill-_a_massive_reduction_in_medicaid_spending 2017-06-22 17:32:03 UTC
    WASHINGTON — U.S. Senate Republicans on Thursday unveiled their version of legislation that would replace Obamacare, proposing to kill a tax on the wealthy that pays for it and reduce aid to the poor to cut costs. With Democrats deeply opposed to Republican attempts to overhaul former Presiden...

  • George Clooney's Tequila Company Sold for Up to $1 Billion
    George_clooney_says_bernie_sanders_is_'absolutely_right' 2017-06-22 00:12:49 UTC
    LONDON — Diageo Plc has agreed to buy George Clooney's high-end tequila brand Casamigos in a deal valuing it at up to $1 billion, as the world's largest spirits maker seeks to boost its presence in a high-growth market. Diageo said on Wednesday it would pay $700 million initially for the compa...

  • Ford announces a new manufacturing investment in China
    Ford_announces_a_new_manufacturing_investment_in_china 2017-06-20 17:58:55 UTC
    DETROIT/WASHINGTON — Ford will export the next-generation Focus compact car from China to North America in 2019, rather than from Mexico as earlier planned, saving the company $500 million, a top executive said on Tuesday. It is the first major manufacturing investment decision made by new Chi...

  • Angela Merkel threatens retaliation if U.S. sanctions on Russia harm EU firms
    Merkel_threatens_retaliation_if_u.s._sanctions_harm_eu_firms 2017-06-16 18:20:14 UTC
    BERLIN/BRUSSELS — Germany threatened on Friday to retaliate against the United States if new sanctions on Russia being proposed by the U.S. Senate end up penalizing German firms. The Senate bill, approved on Thursday by a margin of 98-2, includes new sanctions against Russia and Iran. Cruciall...

  • Amazon to buy Whole Foods
    Amazon_to_buy_whole_foods_-_(mill_valley_whole_foods) 2017-06-16 17:34:24 UTC
    By Lauren Hirsch, Anya George Tharakan and Sruthi Ramakrishnan Amazon.com Inc said on Friday it would buy U.S. organic supermarket chain Whole Foods Market Inc for $13.7 billion, including debt, marking the internet retailer's largest deal and biggest foray into the brick-and-mortar retail secto...

  • Merkel's Plan is a Miracle for Africa
    Merkel's_plan_is_a_miracle_for_africa 2017-06-14 05:08:30 UTC
    Alpha Conde, head of the African Union and Guinean president, nudged German Chancellor Angela Merkel conspiratorially: yet another of his African counterparts had just described the so-called "Marshall Plan" for Africa, laid out by German Development Minister Gerd Müller, as the "Merkel Plan." ...

  • Trump is far away from overhauling bank regulation
    Trump_is_far_away_from_for_overhauling_bank_regulation 2017-06-14 05:54:55 UTC
    WASHINGTON — Wall Street banks on Tuesday cheered U.S. far-right nationalist President Donald Trump's plans to loosen the leash put on them in the wake of the 2008 financial crisis but they do not expect significant change any time soon. The Trump administration has said the bulk of its pl...

  • Canada's boldest position: Setting its own course, avoiding Washington's 'quagmire'
    Canada's_boldest_position-_setting_its_own_course__avoiding_washington's_'quagmire' 2017-06-13 05:14:07 UTC
    Canada sets its own course in the face of the Trump administration. Amid Washington's shifting role on the global stage, leaders in Ottawa are urging Canada to take a new foreign policy direction. Are the country's traditionally strong ties with the US being called into question? Though...

  • Should I buy euros now or later?
    Euro_jumps_to_three-_week_high_against_the_dollar 2017-06-09 23:19:33 UTC
    LONDON — The UK currency has experienced significant volatility in the fallout from the General Election. The Conservatives failed to secure a majority in the contentious vote, leaving the nation grappling with the result of a hung parliament. Sterling is buying €1.14 after dropping sharpl...

  • So much for strong and stable
    So_much_for_strong_and_stable 2017-06-09 16:26:07 UTC
    LONDON — British Prime Minister Theresa May said she would form a government backed by a small Northern Irish party after her Conservative Party lost its parliamentary majority in an election days before launching talks on Britain's EU departure. A stony-faced May, speaking on the doorstep of ...

  • Iran, Turkey announcing its support for Qatar
    Iran__turkey_announcing_its_support_for_qatar 2017-06-07 16:34:22 UTC
    TEHRAN/ANKARA/DOHA — Turkey's main exporting industry body said it was ready to meet food and water supply demands from Qatar, after a Qatari official said Doha was in talks with Iran and Turkey to ensure trade disruptions did not create shortages. A top Iranian agricultural official was quote...

  • Growing skills mismatch in U.S. decreases hiring chance
    Growing_skills_mismatch_in_the_united_states 2017-06-06 19:42:20 UTC
    WASHINGTON — U.S. job openings surged to a record high in April and employers appeared to have trouble finding suitable workers, pointing to a tightening labor market that could encourage the Federal Reserve to raise interest rates next month. The Labor Department's monthly Job Openings and La...

  • Oil jumps as Qatar ditched, London attacks hurt sterling
    Oil-pump-jacks 2017-06-05 06:38:13 UTC
    SINGAPORE — Oil jumped after Saudi Arabia, Egypt, the United Arab Emirates and Bahrain cut ties with Qatar on Monday while sterling slipped after the weekend attacks in London that killed at least seven people and wounded 48, just days before Britain's general national election. The coordinate...

  • Tech shares lead stocks to record highs and continue to rise
    Tech_shares_lead_stocks_to_record_highs_and_continue_to_rise 2017-06-04 05:28:11 UTC
    NEW YORK — Technology shares have led U.S. stocks to record highs and are expected to continue to rise, but as market value becomes concentrated in the largest companies, some are beginning to look for the next rally leader. The technology sector of the S&P 500 .SPLRCT has risen roughly 20 per...

  • Global Warming: U.S. wants to plunder the planet
    Global_warming-_u.s._wants_to_plunder_the_planet 2017-05-31 18:28:52 UTC
    U.S. far-right nationalist President Donald Trump, who has previously called global warming a hoax, plans to make good on his campaign vow to withdraw the United States from a global pact to fight climate change, a move that promises to deepen a rift with U.S. allies, according to Reuters. N...

  • Trump Isolated at G7 Summit, "Six against One"
    Trump_isolated_at_g7_talks__%22six_against_one%22 2017-05-27 17:30:33 UTC
    TAORMINA, ITALY — Trump's isolationism is his first great export, and Italy could be first in line. The summit of Group of Seven wealthy nations pitted Trump against the leaders of Germany, France, Britain, Italy, Canada and Japan on several issues, with European diplomats frustrated at having ...