Economy

  • Black Monday: Shock To Oil Also Rattled Stock Markets
    Black_monday-_shock_to_oil_also_rattled_stock_markets 2020-03-09 14:09:42 UTC
    NEW YORK (AP) — Fear gripped financial markets around the world Monday as stock prices and bond yields plunge on worries about the effects of a new coronavirus. The most violent drops came from the oil markets, where prices cratered more than 20%. But moves in stocks and bond yields were near...

  • Coronavirus Fuels Dramatic Fall in Oil Price
    Coronavirus_fuels_dramatic_fall_in_oil_price 2020-03-09 01:49:08 UTC
    <p>NEW YORK (AP) &mdash; Oil prices are plunging as a dispute among producers could lead a global economy weakened by COVID-19 to be awash in an oversupply of crude.</p><p>Brent crude, the international standard, lost $9.50, or 20.1%, to $35.77 per barrel, as of 7:58 p.m. Eastern time on Sunday a...

  • Nothing Can Pull Markets Out From Undertow
    Nothing_can_pull_markets_out_from_undertow 2020-03-06 20:41:47 UTC
    <p>NEW YORK (AP) &mdash; Stocks kept falling Friday, and bond yields took more breathtaking drops as a brutal, dizzying couple weeks of trading showed no sign of letting up.&nbsp;</p><p>Even a better-than-expected <a href="https://apnews.com/1d187742ff0d4a44bf235fd00c665fb7">report on U.S. jobs</...

  • Stocks sink again, heading for the worst week since 2008
    Stocks_sink_again__heading_for_the_worst_week_since_2008 2020-02-28 21:16:55 UTC
    U.S. stocks sank again on Wall Street Friday, pushing the S&P 500 index down another 2.8% and putting the market on track for its worst week since October 2008. The virus outbreak has been shutting down industrial centers, emptying shops and severely crimping travel all over the world. More co...

  • Coronavirus Outbreak Is Spreading Around the World
    Coronavirus_outbreak_is_spreading_around_the_world 2020-02-27 21:37:15 UTC
    <p>One by one, more and more countries are reporting cases of the new coronavirus. Governments and doctors on the front lines are scrambling for solutions and everyday life around the globe is being disrupted in a manner that&rsquo;s not been seen in recent times.&nbsp;</p><p>The spread of the vi...

  • Dow Jones Falls Nearly 1,200 Points
    Stock_market_dow_jones_falls_nearly_1_200_points 2020-02-27 21:12:47 UTC
    The Dow Jones Industrial Average sank nearly 1,200 points Thursday, deepening a weeklong global market rout caused by worries that the coronavirus outbreak will wreak havov on the global economy. Bond prices soared again as investors sought safe places to park money, sending the yield on the 10-y...

  • Twitter to Label Deepfakes and Other Deceptive Media
    Twitter 2020-02-04 21:40:28 UTC
    Reuters) - Twitter (TWTR.N) said on Tuesday it would start applying a label to tweets containing synthetic or deceptively edited forms of media, as social media platforms brace for a potential onslaught of misinformation ahead of the 2020 presidential election. The company also said it would r...

  • Data: US Economy Losing Momentum
    Us_economy_one_quarter_away_from_recession 2020-01-31 21:01:40 UTC
    WASHINGTON Reuters - U.S. consumer spending rose steadily in December, but tepid income gains pointed to moderate consumption growth this year, which together with slumping business investment likely set the economy on a slower growth path this year. While the report on Friday from the Commerc...

  • Stock Market Falls as Coronavirus Continues to Spread
    Global_stocks_slide__treasuries_and_yen_up 2020-01-31 20:45:32 UTC
    NEW YORK (Reuters) - Wall Street’s major averages tumbled more than 1% on Friday as the spreading coronavirus outbreak along with sluggish U.S. economic data and a mixed batch of corporate earnings fueled concerns about global growth. The S&P 500 .SPX is down nearly 3% from its closing high hi...

  • EU Parliament Gives Final Approval to Brexit Deal
    18747_uk_brexit-negotiator_is_struggling_to_make_headway 2020-01-29 18:07:08 UTC
    BRUSSELS (Reuters) - The European Parliament on Wednesday gave its final approval to Britain’s divorce deal from the bloc, paving the way for Brexit to take place on Friday. The chamber broke into singing Auld Lang Syne, a traditional Scottish song to bid farewell, after voting 621 for versus ...

  • EU: Lots of Problematic Issues in UK’s Latest Brexit Proposal
    Eu-_lots_of_problematic_issues_in_uk%e2%80%99s_latest_brexit_proposal 2019-10-03 17:28:04 UTC
    BRUSSELS (Reuters) - European Commission President Jean-Claude Juncker on Thursday pointed to a number of problematic issues in Britain’s latest Brexit proposal, saying that more discussions were needed. “Accepting such a proposal would not meet all the objectives of the backstop: preventing a...

  • Weak US Economic Data Weighs on Global Market
    Weak_us_economic_data_weighs_on_global_market 2019-10-03 16:56:45 UTC
    NEW YORK (Reuters) - Weaker-than-expected U.S. economic data weighed on global financial markets on Thursday, leaving world equity benchmarks bouncing in choppy trading and sending investors into safe-haven assets on expectations of further Federal Reserve interest rate cuts. The drop in the c...

  • France, Germany to Sign Arms Exports Pact
    Merkel_and_macron_seeking_a_joint_proposal_on_eu_reforms 2019-09-20 01:36:58 UTC
    PARIS (Reuters) - France and Germany said on Thursday they were close to an agreement on how to remove obstacles to exporting weapons manufactured in joint programs, after French firms called for easing German export restrictions. German curbs on arms exports to non-European Union or non-NATO ...

  • Attacks on Saudi Oil Field Knock Out Half of Its Output
    Attacks_on_saudi_oil_facilities_knock_out_more_than_half_of_its_output 2019-09-15 07:21:05 UTC
    RIYADH/DUBAI/LONDON (Reuters) - Yemen’s Iran-aligned Houthi group said it attacked two plants at the heart of Saudi Arabia’s oil industry on Saturday, knocking out more than half the Kingdom’s output, in a move expected to send oil prices soaring and increase tensions in the Middle East. The a...

  • UK's Johnson Loses Control
    Uk's_johnson_loses_control 2019-09-07 01:55:13 UTC
    LONDON (Reuters) - The British parliament voted on Wednesday to prevent Prime Minister Boris Johnson taking Britain out of the European Union without a deal on Oct. 31, but rejected his first bid to call a snap election two weeks before the scheduled exit. After wresting control of the day’s p...

  • Hurricane Dorian Shows We Are Losing the Fight Against Global Warming
    Hurricane_dorian_shows_we_are_losing_the_fight_against_global_warming 2019-09-01 22:29:33 UTC
    As Hurricane Dorian churns its way through the Atlantic, we need to recognize that climate change can make any hurricane more intense and Category 5 hurricanes more likely. Burning fossil fuels such as coal, oil and natural gas, release carbon dioxide and methane into Earth&rsquo;s atmosphere. Th...

  • Recession Fears Escalate
    Stock_market_-_wall_street_stumbled 2019-08-14 19:02:04 UTC
    NEW YORK (Reuters) - Wall Street stumbled on Wednesday as investors fled equities for safe-haven assets, seeking shelter amid gathering signs that a recession could be on the horizon. All three major U.S. indexes were sharply lower as short- and long-dated Treasury yields inverted for the firs...

  • US, UK Seek Quick Post-Brexit Trade Deal
    Uk%e2%80%99s_johnson_threatens_to_withhold__50_billion_brexit_payment 2019-08-13 18:20:56 UTC
    LONDON (Reuters) - Britain and the United States are discussing a partial trade accord that could take effect on Nov. 1, the day after Britain is due to leave the European Union, a senior Trump administration official said on Tuesday. The official also said visiting U.S. national security advi...

  • Russia Asks Google to Stop Advertising “Illegal Mass Events”
    Russia_asks_google_to_stop_advertising_%e2%80%9cillegal_mass_events%e2%80%9d 2019-08-11 16:07:42 UTC
    MOSCOW (Reuters) - Russia’s state communications watchdog said on Sunday it had asked Google to stop advertising “illegal mass events” on its YouTube video platform. Tens of thousands of Russians staged what observers called the country’s biggest political protest for eight years on Saturday, ...

  • No-Deal Brexit Would Cause Severe Damage to UK
    No-deal_brexit_would_cause_severe_damage_to_uk 2019-07-29 03:42:16 UTC
    A no-deal Brexit would cause “severe” damage to UK businesses, according to the Confederation of British Industry (CBI). Carolyn Fairbairn, director general of the lobby group, told BBC that quitting the EU without an agreement should be an option “that is not even considered”. Claims that fir...

  • Germany's Ursula Von Der Leyen to Lead EU Commission
    Germany's_ursula_von_der_leyen_to_lead_european_commission 2019-07-16 23:35:25 UTC
    STRASBOURG (Reuters) - Germany’s Ursula von der Leyen secured European parliamentary approval on Tuesday to become the first female European Commission president on a platform of a greener, fairer and rule-based Europe. The German conservative got the thumbs up from socialist and liberal lawma...

  • EU, South American Bloc Mercosur Announce World's Largest Free Trade Deal
    Eu_and_south_american_bloc_mercosur_announce_world's_largest_free_trade_agreement 2019-06-29 01:15:31 UTC
    BRUSSELS (Reuters) - The European Union and South American bloc Mercosur agreed a free-trade treaty on Friday, concluding two decades of talks and committing to more open markets in the face of a rising tide of protectionism. The two regions launched negotiations exactly 20 years ago and inten...

  • Mexico to Provide 40,000 Jobs to Migrants
    President_andres_manuel_lopez_obrador-_mexico__to_provide_40_000_jobs_to_migrants 2019-06-28 18:19:59 UTC
    MEXICO CITY (Reuters) - Mexico is finalizing a deal to provide 40,000 factory jobs to migrants in northern states, President Andres Manuel Lopez Obrador said Friday, addressing a key need for the thousands waiting in Mexico as their U.S. asylum cases are decided. Speaking at his daily press co...

  • Steve Jobs Design Chief to Start Own Firm
    Jony_ive-_steve_jobs_design_chief_to_start_own_firm 2019-06-28 00:58:11 UTC
    (Reuters) - Jony Ive, a close creative collaborator with Apple Inc co-founder Steve Jobs whose iPhone and other designs fueled Apple’s rise to become a $1 trillion company, will leave later this year to form an independent design company. Apple said Ive will continue work on its products at hi...

  • Japan Eats Whale Despite Environmental Concerns
    Japan_eats_whale_despite_environmental_concerns 2019-06-24 04:59:19 UTC
    MINAMIBOSO, Japan (Reuters) - Whale cutlets, sliced raw whale, deep-fried whale nuggets, whale bacon and whale jerky feature on the menu at the restaurant Yoko Ichihara runs - and that's just a small sample of the ways Japan eats whale. Though Japan's government maintains that eating whale is ...