Economy

  • Mozambique's Cyclone Survivors Face Cholera
    Mozambique's_cyclone_survivors_face_cholera 2019-03-27 17:36:23 UTC
    BEIRA, Mozambique (Reuters) - Dozens of fragile patients poured into a clinic in the wrecked Mozambican port city of Beira on Wednesday, as the government said it had confirmed the first five cases of cholera in the wake of deadly Cyclone Idai. Thousands of people were trapped for more than a ...

  • Chinese Company to Sell Popular Dating App Grindr
    Chinese_company_to_sell_the_popular_dating_app_grindr 2019-03-27 17:54:06 UTC
    (Reuters) - Chinese gaming company Beijing Kunlun Tech Co Ltd is seeking to sell Grindr LLC, the popular gay dating app it has owned since 2016, after a U.S. government national security panel raised concerns about its ownership, according to people familiar with the matter. The Committee on F...

  • Wall Street Bogged Down by Global Growth Worries
    What_is_a_point_on_the_new_york_stock_exchange_ 2019-03-27 17:53:13 UTC
    (Reuters) - Fears of a global economic slowdown weighed on Wall Street’s main indexes on Wednesday, and along with a prolonged inversion in the U.S. yield curve kept investors at bay. Apple Inc was a bright spot, rising 1.23 percent after three straight days of losses. The benchmark 10-year...

  • EU: Italy Poses A Threat to Other Euro Zone Countries
    Eu-_italy_poses_a_threat_to_other_euro_zone_countries 2019-02-27 20:27:14 UTC
    BRUSSELS (Reuters) - Italy is facing excessive economic imbalances and the policies of its government are making matters worse, posing a threat to other euro zone countries, the European Commission said on Wednesday. However, the EU executive arm, whose job is to analyze the economic performan...

  • UK's Theresa May delays vote on Brexit until March 12
    May_-_brexit-_eu_demands_up_to__114_billion_before_talks_on_trading 2019-02-25 18:01:20 UTC
    SHARM EL-SHEIKH, Egypt (Reuters) - Prime Minister Theresa May promised on Sunday to offer lawmakers a vote on her Brexit deal by March 12, the latest delay in her attempt to win approval for a plan to ensure Britain’s orderly departure from the European Union. As the United Kingdom’s labyrinth...

  • Irish PM, Leo Varadkar rejects a post-Brexit border backstop that includes a time limit
    Leo_varadkar 2019-02-24 16:43:17 UTC
    SHARM EL-SHEIKH, Egypt (Reuters) - Ireland cannot accept a post-Brexit border backstop that has a time limit or a unilateral exit clause, Prime Minister Leo Varadkar said on Sunday. “We are happy to discuss with the United Kingdom assurances that they may need to give them further confidence t...

  • Buffett rebukes Trump for taking credit for US economic growth
    Buffett_rebukes_trump_for_taking_credit_for_us_economic_growth 2019-02-23 19:58:52 UTC
    (Reuters) - Warren Buffett on Saturday appeared to fault U.S. President Donald Trump for taking too much credit for the nation’s economic growth, while acknowledging that market conditions are making it tough for his Berkshire Hathaway Inc to find more big companies to buy. Buffett lamented th...

  • North Carolina: New election in undecided US House race
    North_carolina-_new_election_in_undecided_us_house_race 2019-02-21 22:04:16 UTC
    (Reuters) - North Carolina’s elections board on Thursday unanimously ordered a new election for a U.S. House seat after officials said corruption surrounding absentee ballots tainted the results of last November’s vote. The bipartisan board’s 5-0 decision came after Republican candidate Mark H...

  • Putin says Russia ready to place new nuclear missile near US territory
    Putin 2019-02-21 21:52:11 UTC
    MOSCOW (Reuters) - Russian President Vladimir Putin said Russia is militarily ready for a Cuban Missile-style crisis if the United States wanted one and threatened to place hypersonic nuclear missiles on ships or submarines near U.S. territorial waters. The Cuban Missile Crisis erupted in 1962...

  • Tesla to buy battery tech maker Maxwell Technologies for $218 million
    Tesla_to_buy_battery_tech_maker_maxwell_technologies_for__218_million 2019-02-04 17:12:26 UTC
    (Reuters) - Tesla Inc has agreed to buy energy storage company Maxwell Technologies Inc for $218 million in an all-stock deal that could help the electric car maker produce batteries that hold more energy and last longer at a time when it needs to cut costs and faces growing competition. Tesla...

  • UK Government Considers Another Brexit Vote
    Brexit 2019-03-27 17:58:22 UTC
    LONDON, March 27 (Reuters) - Britain’s government will file a motion to allow parliament to sit on Friday as the government considers bringing another vote in parliament on its Brexit divorce deal, Brexit minister Stephen Barclay said on Wednesday. “The government will later today table a moti...

  • Germany to Accelerate Development of Autonomous Driving
    German_carmakers%e2%80%99_to_accelerate_the_development_of_autonomous_driving 2019-01-23 18:33:15 UTC
    FRANKFURT (Reuters) - Germany’s top carmakers including BMW and Volkswagen are looking at ways to speed up development of the next generation of self-driving cars, possibly by even working together, as tech giant Google forges ahead with plans to mass produce such vehicles. Carmakers and tech ...

  • Brexit: EU To Prepare For Worst Variant
    Brexit-_eu_to_prepare_for_worst_variant 2019-01-16 04:37:26 UTC
    BRUSSELS (Reuters) - European Union leaders expressed dismay and regret on Tuesday after the British parliament rejected a Brexit divorce deal, saying they were stepping up emergency planning and warned London was running out of time. The EU’s chief executive, the European Parliament Brexit ne...

  • Jimmy Carter: The US Is An “Oligarchy With Unlimited Political Bribery”
    Jimmy_carter-_the_u.s._is_an_%e2%80%9coligarchy_with_unlimited_political_bribery%e2%80%9d 2019-01-08 00:53:49 UTC
    <p>Former president Jimmy Carter said Tuesday on the nationally syndicated radio show the <a href="http://www.thomhartmann.com/">Thom Hartmann Program</a> that the United States is now an &ldquo;oligarchy&rdquo; in which &ldquo;unlimited political bribery&rdquo; has created &ldquo;a complete subv...

  • China's Chang'e-4 Probe Touched Down on Far Side of Moon
    China's_chang'e-4_probe_touched_down_on_far_side_of_moon 2019-01-06 05:35:05 UTC
    China's Chang'e-4 probe touched down on the far side of the moon, state broadcaster CCTV reported on Thursday morning. The successful "soft landing" marks a groundbreaking development in space exploration, being the first time that a spacecraft has landed on the side of the moon that faces away ...

  • China’s Population to Reach 1.442 Billion in 2029
    China%e2%80%99s_population_to_reach_1.442_billion_in_2029 2019-01-06 05:03:07 UTC
    SHANGHAI (Reuters) - China’s population is set to reach a peak of 1.442 billion in 2029 and start a long period of “unstoppable” decline in 2030, government scholars said in a research report published on Friday. The world’s most populous country must now draw up policies to try to cope with a...

  • US Utility Company PG&E Explores Filing for Bankruptcy
    Us_utility_company_pg_e_is_exploring_filing_for_bankruptcy 2019-01-06 03:42:30 UTC
    (Reuters) - California utility company PG&E Corp (PCG.N) is exploring filing some or all of its business for bankruptcy protection as it faces billions of dollars in liabilities related to fatal wildfires in 2018 and 2017, people familiar with the matter said on Friday. The company is consider...

  • France's Yellow Vest Protests Enter 8th Week
    France's_yellow_vest_protests_enter_8th_week 2019-01-06 03:25:12 UTC
    PARIS (Reuters) - Rioters in Paris torched motorbikes and set barricades ablaze on the upmarket Boulevard Saint Germain on Saturday, as protests against high living costs and the perceived indifference of President Emmanuel Macron turned violent on the fringes. The latest “yellow vest” marches...

  • Pelosi Plans New Legislation to Reopen Parts of US Government
    Nancy_pelosi_plans_new_legislation_to_reopen_parts_of_government 2019-01-06 03:12:02 UTC
    WASHINGTON (Reuters) - U.S. House Speaker Nancy Pelosi said Democrats would pass new legislation to try to reopen parts of the government next week after talks between the Trump administration and Democratic negotiators on Saturday failed to end a two-week partial government shutdown. Presiden...

  • Britain Will Be Worse Off In Any Scenario Outside The EU: Brexit
    Desperate_to_leave_eu-_only_34_percent_reject_another_referendum_on_brexit 2018-11-28 20:47:57 UTC
    LONDON (AFP) — Britain will be economically worse off in any scenario outside the EU, the government said Wednesday, as the Bank of England warned that a no-deal Brexit would trigger a financial crisis. The government's plans for post-Brexit ties with the European Union would still cost the ec...

  • GM To Cut 14,700 Jobs In Ohio, Michigan, Maryland And Ontario
    Gm_to_cut_14_700_jobs_in_ohio__michigan__maryland_and_ontario 2018-11-26 18:36:11 UTC
    DETROIT/WASHINGTON (Reuters) - General Motors will cut production of slow-selling models and slash its North American workforce in the face of a declining market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles. The announcement is the biggest No...

  • Catastrophic Effects of Climate Change
    Catastrophic_effects_of_climate_change 2018-11-25 02:46:14 UTC
    (Reuters) - Climate change will cost the U.S. economy hundreds of billions of dollars by the end of the century, hitting everything from health to infrastructure, according to a government report issued on Friday that the White House called inaccurate. The congressionally mandated report, writ...

  • Germany Halts Arms Sales, Bans 18 Saudis
    Germany_halts_arms_sales_and_bans_18_saudis 2018-11-19 23:31:54 UTC
    BERLIN — Germany is halting previously approved arms exports to Saudi Arabia. The government says it is also banning 18 Saudi citizens suspected of being involved in Jamal Khashoggi's death from entering Europe's Schengen zone. Germany has triggered proceedings to ban 18 Saudi citizens allege...

  • Brexit Pulls UK and Ireland Apart, Undermines Relationship
    Brexit_pulls_britain_and_ireland_apart_undermines_that_relationship 2018-11-05 04:16:25 UTC
    DUBLIN (Reuters) - Brexit has undermined the Good Friday Agreement which ended thirty years of violence in Northern Ireland, Irish Prime Minister Leo Varadkar said on Saturday. “Brexit has undermined the Good Friday Agreement and is fraying the relationship between Britain and Ireland,” he tol...

  • Germany to halt all arms exports to Saudi
    Merkel_germany_to_halt_all_german_arms_exports_to_saudi 2018-10-22 21:35:32 UTC
    ORTENBERG, Germany (Reuters) - German Chancellor Angela Merkel on Monday called the killing of journalist Jamal Khashoggi at the Saudi consulate in Istanbul a “monstrosity” and vowed to halt all German arms exports to Riyadh until the case is cleared up. Merkel, in her harshest comments to dat...