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
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
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
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"
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
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
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'
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
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
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
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
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
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
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
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
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'
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?
Should I buy euros now or later?
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
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
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
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
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.
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
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.
Trump Isolated at G7 Summit, "Six against One"
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 ...