Tearful Theresa May Quits as UK Prime Minister
2019-05-25 03:17:25 UTC
LONDON (Reuters) - Fighting back tears, Theresa May said on Friday she would quit after failing to deliver Brexit, setting up a contest that will install a new British prime minister who could pursue a cleaner break with the European Union.
May’s departure deepens the Brexit crisis as a new le...
Elon Musk Says Tesla deliveries Set to Top Record
2019-05-23 15:41:53 UTC
(Reuters) - Tesla Inc is on course to top its record for quarterly deliveries in the second quarter, beating the 90,700 it sent to customers in the final quarter of last year, according to an email from Chief Executive Officer Elon Musk to staff.
Musk’s email, widely posted on social media and...
British PM Theresa May 'Expected to Quit Friday'
2019-05-23 05:52:23 UTC
LONDON (Reuters) - British Prime Minister Theresa May is expected on Friday to announce her departure from office, The Times reported, without citing a source.
May will remain as prime minister while her successor is elected in a two-stage process under which two final candidates face a ballot...
Asia Shares Hit 4-Month Low on Risk of Endless Trade War
2019-05-23 05:34:55 UTC
SYDNEY (Reuters) - Asian shares broke support and caved to a four-month low on Thursday, as concerns grew that the Sino-U.S. trade conflict was fast morphing into a prolonged technology cold war between the world’s two largest economies.
Late Wednesday, Reuters reported the U.S. administration...
Trump Says Some Auto Imports Threaten National Security
2019-05-17 20:40:13 UTC
WASHINGTON (Reuters) - US President Donald Trump declared that some imported vehicles and parts pose a national security threat but delayed a decision for as long as six months on whether to impose tariffs to allow for more time for trade talks with the European Union and Japan.
US Federal Appeals Court: Trump Administration Violated Federal Law
2019-05-17 20:13:17 UTC
RICHMOND, Va. (AP) — A federal appeals court ruled Friday the Trump administration acted in an “arbitrary and capricious” manner when it sought to end an Obama-era program that shields young immigrants from deportation.
A three-judge panel of the 4th U.S. Circuit Court of Appeals ruled 2 to 1 ...
Dutchman Travels Across 33 Countries on Electric Car
2019-04-18 22:49:36 UTC
Dutchman Wiebe Wakker on Sunday ended a 95,000 kilometer (59,000 mile) electric car journey that he hoped would show the world the viability of such vehicles.
Wakker arrived in the eastern Australian city of Sydney after driving his retrofitted station wagon nicknamed "The Blue Bandit" across 33...
Mueller Report Does Not Exonerate Trump
2019-04-18 22:20:34 UTC
By Sarah N. Lynch and Andy Sullivan
WASHINGTON (Reuters) - Special Counsel Robert Mueller’s report on his inquiry into Russia’s role in the 2016 U.S. election described in extensive and sometimes unflattering detail how President Donald Trump tried to impede the probe, raising questions about ...
Oil Prices Continue to Rise Amid OPEC-Led Supply Cuts
2019-04-02 21:38:57 UTC
NEW YORK (Reuters) - Oil prices on Tuesday hit their highest level so far in 2019, with Brent crude approaching $70 a barrel, on the prospect that more sanctions against Iran and further Venezuelan disruptions could deepen an OPEC-led supply cut.
Brent futures reached a session peak at $69.52 ...
Still Unclear How, When or If UK Will Ever Indeed Quit EU
2019-04-02 20:57:13 UTC
LONDON (Reuters) - Prime Minister Theresa May said on Tuesday she would seek another Brexit delay to agree an EU divorce deal with the opposition Labour leader, a last-ditch gambit to break an impasse over Britain’s departure that enraged many in her party.
Nearly three years since the United ...
Brexit: EU Prepares For a 'No-Deal' Scenario
2019-03-29 20:39:59 UTC
Theresa May's exit deal failed by 58 votes, and April 12 beckons as a new exit date for the UK out of the EU. More indicative votes are on the table, as the EU prepares for a 'no-deal' scenario.
LONDON (Reuters) - Lawmakers rejected Prime Minister Theresa May’s Brexit deal for a third time on ...
US Attorney General will Mueller report by mid-April
2019-03-29 20:26:01 UTC
WASHINGTON (Reuters) - U.S. Attorney General William Barr plans to issue a redacted copy of Special Counsel Robert Mueller’s nearly 400-page investigative report into Russian interference in the 2016 election by mid-April, he said in a letter to lawmakers on Friday.
“Everyone will soon be able...
Facebook Bans White Nationalism and Separatism on Its Platforms
2019-03-27 18:01:14 UTC
<p>(Reuters) - Facebook Inc on Wednesday announced a ban on praise, support and representation of white nationalism and separatism on its social media platforms, furthering its efforts to tackle hate speech. </p><p>These bans will be enforced next week, the social media giant said in a blog ...
Chinese Company to Sell 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
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
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...
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...
Putin says Russia ready to place new nuclear missile near US territory
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
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.
Sanders to Ask Why Drug, Once Free, Now Costs $375k
2019-02-04 16:47:41 UTC
WASHINGTON (Reuters) - U.S. Senator Bernie Sanders sent a letter to Catalyst Pharmaceuticals on Monday asking it to justify its decision to charge $375,000 annually for a medication that for years has been available to patients for free.
The drug, Firdapse, is used to treat Lambert-Eaton Myast...
Germany to Accelerate 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
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...
U.S. President: 'I Never Worked For Russia'
2019-01-14 22:43:31 UTC
WASHINGTON (Reuters) - U.S. President Donald Trump said on Monday he never worked for Russia, his first direct denial after a media report that the FBI in 2017 investigated whether he acted against U.S. interests.
Trump also disputed a Washington Post report that he had concealed details about...
US Utility Company PG&E Explores 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...
Pelosi Plans New Legislation to Reopen Parts of US 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.