Economy

  • T-Mobile, operated by Germany's Deutsche Telekom, to buy Sprint for $26 billion
    T-mobile__operated_by_germany's_deutsche_telekom__to_buy_sprint_for__26_billion 2018-04-29 18:11:58 UTC
    T-Mobile agreed to acquire Sprint in an all-stock deal for $26 billion that will combine the third and fourth largest U.S. wireless carriers and is expected to attract regulatory scrutiny. The agreement caps four years of on- and off- talks between the companies, setting the stage for the crea...

  • EU and Mexico reached agreement on free trade deal
    Eu_and_mexico_reached_agreement_on_a_free_trade_deal 2018-04-22 17:58:44 UTC
    BRUSSELS (Reuters) - German Chancellor Angela Merkel on Sunday welcomed an agreement reached between the European Union and Mexico on a new free trade deal, a coup for both parties in the face of increased protectionism from the United States under President Donald Trump, saying it would benefit ...

  • Merkel and Macron seeking a joint proposal on EU reforms
    Merkel_and_macron_seeking_a_joint_proposal_on_eu_reforms 2018-04-18 23:46:24 UTC
    BERLIN (Reuters) - The leaders of Germany and France meet on Thursday to try to work out a common position on reforming the euro zone, a sensitive issue that is testing the new government in Berlin just a month after it took office. Chancellor Angela Merkel, who hosts President Emmanuel Macron...

  • China asks EU to stand together against US protectionism
    China_asks_eu_to_stand_together_against_us_protectionism 2018-04-17 17:12:37 UTC
    BEIJING/BRUSSELS (Reuters) - China’s international trade representative held a series of meetings with the ambassadors from major European nations last week to ask them to stand together with Beijing against U.S. protectionism, according to four sources familiar with the discussions. Some of t...

  • UK lawmakers, celebrities demanding 'people's vote' referendum on Brexit
    Untitled_2 2018-04-15 17:35:39 UTC
    LONDON (Reuters) - Lawmakers, celebrities and business leaders launched a campaign on Sunday to call for a vote on any final Brexit deal, stepping up a campaign to try to stop what they describe as Britain’s damaging departure from the European Union. At a launch in north London, lawmakers fro...

  • Facebook tracks people whether they have accounts or not
    Facebook_tracks_people_whether_they_have_accounts_or_not 2018-04-15 17:05:17 UTC
    SAN FRANCISCO (Reuters) - Concern about Facebook Inc’s (FB.O) respect for data privacy is widening to include the information it collects about non-users, after Chief Executive Mark Zuckerberg said the world’s largest social network tracks people whether they have accounts or not. Privacy conc...

  • Trump Flip Flops on TPP - Trans Pacific Partnership
    Trump's_new_national_security_strategy-_%22we_will_stand_up_for_ourselves%22 2018-04-12 23:35:17 UTC
    WASHINGTON (Reuters) - U.S. President Donald Trump has asked his trade advisers to look at rejoining the Trans Pacific Partnership, a multinational trade pact he withdrew the United States from last year, White House spokeswoman Lindsay Walters said. Republican senators met with Trump on T...

  • Why is Germany's dual education system coveted?
    Why_is_germany's_dual_education_system_coveted 2018-04-06 22:04:13 UTC
    The German economy is powered by products sold the world over. The strength of Europe's powerhouse depends on outbound shipments. We take a look at one of its latest exports and reveal the secrets behind its success. Charlotte Falke creates technical drawings of power plant generators. The 23-...

  • Trump playing a game of chicken with US economy
    Trump_playing_a_game_of_chicken_with_us_economy 2018-04-06 20:08:51 UTC
    BEIJING/WASHINGTON (Reuters) - China warned on Friday it was fully prepared to respond with a “fierce counter strike” of fresh trade measures if the United States follows through on President Donald Trump’s threat to slap tariffs on an additional $100 billion of Chinese goods. Trump, in light ...

  • China increased tariffs by up to 25 percent on 128 US goods
    China_increased_tariffs_by_up_to_25_percent_on_128_us_products 2018-04-02 06:29:23 UTC
    BEIJING (Reuters) - China has increased tariffs by up to 25 percent on 128 U.S. products including frozen pork, wine and certain fruits and nuts, escalating a spat between the world’s biggest economies in response to U.S. duties on imports of aluminum and steel. The tariffs, to take effect on ...

  • Trade Conflict Fears To Keep Markets On Edge
    Trade_conflict_fears_to_keep_markets_on_edge 2018-03-30 08:50:53 UTC
    BRUSSELS (Reuters) - A full-scale global trade war has not broken out yet - but that hasn’t stopped the market from fretting about one or analysts from warning about the potential cost. Whether such concerns remain a driving force for asset prices in the coming days depends largely on decision...

  • California Judge Rules Coffee Sellers Should Post Cancer Warnings
    California_judge_says_coffee_sellers_should_post_cancer_warnings 2018-03-30 08:53:52 UTC
    LOS ANGELES (AP) — Scientists haven’t rendered a verdict on whether coffee is good or bad for you but a California judge has. He says coffee sellers in the state should have to post cancer warnings. The culprit is a chemical produced in the bean roasting process that is a known carcinogen and ...

  • European Union: It is not clear what Trump wants
    Eu_tells_us_president__you're_wrong_trade_wars_are_'easy_to_lose' 2018-03-23 16:29:14 UTC
    BRUSSELS (Reuters) - The European Union’s trade chief is unsure what Washington wants in return for a permanent EU exemption from steel tariffs but she warned on Friday that she would resist pressure to cut EU duties on U.S. cars. European Trade Commissioner Cecilia Malmstrom, who will lead ne...

  • Trump sets China tariff plan, Dow plummets 720 points
    Trump_sets_china_tariff_plan__dow_plummets_720_points 2018-03-22 20:30:02 UTC
    WASHINGTON (Reuters) - Global stocks had sold off on Thursday on the expectation of tough action from Trump, with U.S. markets down as much as 2.93 percent, plummets 724.42 points. The Dow and Nasdaq stock indexes had fallen as much as 2 percent while the benchmark S&P was down as much as 1.85...

  • Brexit: EU leaders warn UK on Irish border and Gibraltar
    Germany_calls_on_uk_to_offer_more_'concrete'_brexit_plans 2018-03-21 18:48:03 UTC
    BRUSSELS (Reuters) - EU leaders will issue a warning to Britain on Friday that it will only finally secure a Brexit transition period if it stands by its commitments on the Irish border and Gibraltar, a draft statement showed on Wednesday. The 27 leaders, who will meet Prime Minister Theresa M...

  • Chinese carmaker Geely's profit more than doubled in 2017
    Chinese_carmaker_geely's_profit_more_than_doubled_in_2017 2018-03-21 07:58:51 UTC
    SHANGHAI (Reuters) - Chinese carmaker Geely Automobile Holdings Ltd, whose chairman recently took a $9 billion stake in Germany’s Daimler AG, said on Wednesday its profits more than doubled in 2017, driven by strong domestic sales of popular SUVs. The automaker, based in the eastern Chinese ci...

  • China pushing new energy vehicles to boost its global presence
    China_pushing_new_energy_vehicles_to_boost_its_global_presence 2018-03-20 07:23:59 UTC
    SHANGHAI (Reuters) - Delegates to China’s annual meeting of parliament have urged the state to provide more policy clarity for the electric car industry and overhaul a local government subsidy program they say has distorted the market. China is aggressively pushing new energy vehicles (NEVs) n...

  • Oil Prices Rose, Lifted by a Weak Dollar
    Oil_prices_rose__lifted_by_a_weak_dollar 2018-03-20 07:11:11 UTC
    SINGAPORE (Reuters) - Oil prices rose by almost 1 percent on Tuesday, lifted by a weak dollar, tensions in the Middle East and concerns of a further fall in Venezuelan output. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $62.59 a barrel at 0656 GMT, up 53 cents, or 0.9 percent...

  • Nationalist Bully in White House Takes on Global Trade
    A_nationalist_bully_in_the_white_house_takes_on_global_trade 2018-03-12 07:19:39 UTC
    Just days after announcing his plan to impose tariffs on steel and aluminum against numerous countries, the president unilaterally followed through and formally decreed the measure. Trump exempted America's neighbors Mexico and Canada under the condition that they agree on a deal on NAFTA, and...

  • Trade war: Trump sets 25% tariff on steel, 10% on aluminum
    Appeals_court-_trump_latest_travel_ban_is_unconstitutional 2018-03-08 21:42:32 UTC
    WASHINGTON/SANTIAGO (Reuters) - President Donald Trump pressed ahead with the imposition of 25 percent tariffs on steel imports and 10 percent for aluminum on Thursday but exempted Canada and Mexico, backtracking from earlier pledges of tariffs on all countries. Describing the dumping of steel...

  • Valuable Public Company: Amazon appears to beat Apple
    Valuable_public_company-_amazon_appears_to_beat_apple 2018-03-08 20:45:23 UTC
    SAN FRANCISCO (Reuters) - Apple Inc, the world’s most valuable publicly listed company, is in danger of being beaten by Amazon.com Inc to the $1 trillion mark. Wall Street’s optimism about last year’s 10th anniversary iPhone had propelled Apple’s stock 24 percent higher over the past 12 months...

  • EU Schools Trump On Trade: You're Wrong! Trade Wars Are 'Easy to Lose'
    Eu_tells_us_president__you're_wrong_trade_wars_are_'easy_to_lose' 2018-03-08 03:59:42 UTC
    The EU has said US tariffs would be met with a "proportionate response." The European Council, IMF and WTO have warned Trump he is very wrong about trade wars being easy to win. The European Commission on Wednesday presented its strategy for responding to US President Donald Trump's planned ta...

  • German automakers outselling GM in South Korea
    German_automakers_outselling_gm_in_south_korea 2018-03-07 07:22:17 UTC
    Mercedes and BMW both sold more cars in South Korea than General Motors for the first time last month, helped by the growing popularity of German premium brands and as consumers shied away from GM after it announced a major restructuring. While home-grown automakers Hyundai Motor and Kia Motor...

  • Top Trump Economic Adviser Resigns After Dispute Over Tariffs
    Top_trump_economic_adviser_resigns_after_dispute_over_tariffs 2018-03-07 00:00:27 UTC
    WASHINGTON (Reuters) - Top White House economic adviser Gary Cohn, a Wall Street banker who opposes hefty steel and aluminum tariffs planned by U.S. President Donald Trump, said on Tuesday that he was resigning. “It has been an honor to serve my country and enact pro-growth economic policies t...

  • Trade War: Mexico Rejects U.S. Bid to Split NAFTA
    Trade_war-_mexico_rejects_bid_to_split_nafta 2018-03-06 20:38:08 UTC
    WASHINGTON/MEXICO CITY (Reuters) - Republican lawmakers stepped up calls for President Donald Trump to pull back from proposed tariffs on steel and aluminum imports as key trading partner Mexico rejected a bid by Washington to drive a wedge between it and Canada in talks to renegotiate the North ...