Business

  • 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, written with the help of more than a dozen U...
  • Brexit: The Irish border has become a sticking point
    Brexit-_the_irish_border_has_become_a_sticking_point
    2018-10-15 16:25:14 UTC

    LUXEMBOURG (AP) — Britain and the European were still both refusing to blink Monday over the question of the Irish border in Brexit talks — only two days ahead of a summit once seen as the moment when they would have to reach deal on Britain’s divorce from the bloc. A flurry of diplomatic meetings over the weekend had raised hopes f...
  • Facebook says hackers accessed data from 29 million accounts
    Facebook_says_hackers_accessed_data_from_29_million_accounts
    2018-10-12 17:50:55 UTC

    NEW YORK (AP) — Facebook says hackers accessed data from 29 million accounts as part of the security breach disclosed two weeks ago. The exact number hadn’t been known before. Originally Facebook said 50 million accounts could have been affected, but Facebook didn’t know if they had been misused. The hackers accessed name, email ...
  • US Stock Markets In A Free Fall
    Us_stock_markets_in_a_free_fall
    2018-10-11 21:54:02 UTC

    NEW YORK — The Dow Jones Industrial Average and the S&P 500 fell sharply again Thursday after both indexes on Wednesday logged their largest losses on a percentage basis since Feb. 8. The S&P 500 has closed lower for five straight days. The Nasdaq declined on Thursday, a day after the tech-heavy index had its biggest percentage drop...
  • Dominated by men: Amazon scraps tool that showed bias against women
    Dominated_by_men-_amazon_scraps_tool_that_showed_bias_against_women
    2021-12-22 19:38:15 UTC

    SAN FRANCISCO (Reuters) - Amazon.com Inc’s (AMZN.O) machine-learning specialists uncovered a big problem: their new recruiting engine did not like women. The team had been building computer programs since 2014 to review job applicants’ resumes with the aim of mechanizing the search for top talent, five people familiar with the effort t...
  • Wall Street faces worst day since February
    Dow_jones_drops_831_points
    2018-10-11 21:53:35 UTC

    NEW YORK (Reuters) - Stocks on major world markets slid to a three-month low on Wednesday, with the benchmark S&P500 stock index falling more than 3.0 percent, its biggest one-day fall since February. Technology shares tumbled on fears of slowing demand, while bond yields ended lower after seeing multi-year highs earlier this week. ...
  • U.S. industry groups to fight Trump's economic policies
    U.s._industry_groups_to_fight_trump's_economic_policies
    2018-09-12 05:08:07 UTC

    WASHINGTON (Reuters) - After months of waging a behind-the-scenes war against President Donald Trump’s trade tariffs that have escalated far beyond what business groups once imagined, more than 60 U.S. industry groups are launching a coalition on Wednesday to take the fight public. Emergence of the group, Americans for Free Trade, c...
  • Mercedes-Benz launches 'all-electric SUV with 450 km range'
    Mercedes-benz_showcases_all-electric_suv_with_a_450_kilometer_range
    2018-09-04 18:13:12 UTC

    STOCKHOLM (Reuters) - Mercedes showed on Tuesday how it is “aggressively” gunning for top spot in upscale battery cars market currently dominated by Tesla, as it unveiled the EQC, its first fully electric car, at an event in Stockholm. The event marks the start of the German onslaught against the American upstart and showcased a SUV...
  • China lodges tariff case at WTO against the U.S.
    Wto
    2019-09-02 15:46:34 UTC

    HONG KONG/GENEVA (Reuters) - China has lodged a complaint against the United States at the World Trade Organization over U.S. import duties, the Chinese Commerce Ministry said on Monday. The United States began imposing 15% tariffs on a variety of Chinese goods on Sunday and China began imposing new duties on U.S. crude oil, the lat...
  • US and Mexico agreed to overhaul NAFTA
    Us_and_mexico_agreed_to_overhaul_nafta
    2018-08-28 01:30:25 UTC

    WASHINGTON (Reuters) - The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to the new terms on auto trade and other issues to remain part of the three-nation pact. U.S. President Donald Trump and outgoing Mexican President Enrique Pena Nieto s...
  • CEOs: Trump's Immigration Policy Hurts U.S. Economy
    Ceos-_trump's_immigration_policy_hurts_u.s._economy
    2018-08-24 01:13:53 UTC

    (Reuters) - A group of chief executive officers at the largest U.S. companies expressed serious concern about the Trump administration’s immigration policy and said the rules increase uncertainty and undermine economic growth. In the letter signed by 59 CEOs including Tim Cook of Apple Inc (AAPL.O), JPMorgan Chase & Co’s (JPM.N) Jam...
  • China slaps additional tariffs of 25 percent on $16 billion US imports
    China_slaps_additional_tariffs_of_25_percent_on__16_billion_us_imports
    2018-08-08 17:44:20 UTC

    BEIJING/WASHINGTON (Reuters) - China is slapping additional tariffs of 25 percent on $16 billion worth of U.S. imports from fuel and steel products to autos and medical equipment, the Chinese commerce ministry said, as the world’s largest economies escalated their trade dispute. The tariffs will be activated on Aug. 23, the ministry...
  • Apple became the first $1 trillion listed US company
    Apple_became_the_first__1_trillion_publicly_listed_us_company
    2018-08-02 18:06:54 UTC

    SAN FRANCISCO (Reuters) - Apple became the first $1 trillion publicly listed U.S. company on Thursday, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications. The tech company’s stock jumped 2.8 perce...
  • Plunge in Facebook shares rattled Amazon options market
    Plunge_in_facebook_shares_rattled_amazon_options_market
    2018-07-26 18:56:45 UTC

    SAN FRANCISCO/NEW YORK (Reuters) - A plunge in Facebook Inc shares rattled the Amazon.com Inc options market on Thursday, with the social network’s fellow FAANG company due to report quarterly results later in the day. Facebook on Wednesday warned about a margin hit as revenue growth slows and user privacy costs climb, and its 20 pe...
  • World Trade Organization rules in favor of Canada against US
    World_trade_organization_rules_in_favor_of_canada_against_us
    2018-07-05 16:28:20 UTC

    GENEVA (Reuters) - Canada won the bulk of a ruling at the World Trade Organization on Thursday in a dispute over U.S. duties on Canadian exports of supercalendered paper, which is used in glossy magazines and catalogues. Canada filed the complaint in 2016, saying Washington was wrong to penalize Canada for subsidizing its paper indu...
  • Volkswagen offers carsharing service with electric vehicles
    Vw_to_spend__800_million_in_california_and_a_total_of__2_billion_nationwide_on_clean_car_infrastructure
    2018-07-04 19:11:31 UTC

    FRANKFURT (Reuters) - Volkswagen plans to start offering car sharing services using fully electric vehicles in German cities next year as part of efforts to serve consumers who don’t want to buy their own vehicles. Its offering will compete in its home market with DriveNow and Car2Go, the soon-to-be-merged carsharing services of BM...
  • Trump’s “tariffs would result in loss of hundreds of thousands of American jobs”
    Untitled
    2018-06-27 22:59:23 UTC

    WASHINGTON (Reuters) - Two major auto trade groups on Wednesday warned the Trump administration that imposing up to 25 percent tariffs on imported vehicles would cost hundreds of thousands of auto jobs, dramatically hike prices on vehicles and threaten industry spending on self-driving cars. A coalition representing major foreign au...
  • Harley-Davidson move shows consequences of Trump's trade war
    Harley-davidson_move_shows_consequences_of_trump's_trade_war
    2018-06-27 00:38:30 UTC

    WASHINGTON/CHICAGO (Reuters) - U.S. President Donald Trump threatened Harley-Davidson Inc with higher taxes on Tuesday and said the motorcycle maker, which he previously hailed as a model of American manufacturing, would suffer from a public backlash if it went ahead with a plan to move production for European customers overseas. Tr...
  • Tesla to close 14 solar facilities, cut jobs
    Tesla_to_close_14_solar_facilities__cuts_jobs
    2018-06-22 04:44:58 UTC

    SAN FRANCISCO (Reuters) - Electric car maker Tesla Inc’s move last week to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal, according to three internal company documents and seven current and former Tesla solar employees. The latest cuts...
  • New York sues Trump, three of his children & his foundation
    Donald_trump_embodies_the_shameless_corruption
    2018-06-15 07:09:12 UTC

    NEW YORK (Reuters) - New York’s attorney general sued U.S. President Donald Trump, three of his children and his namesake foundation on Thursday, alleging “persistently illegal conduct” at the nonprofit, including support for Trump’s 2016 presidential campaign. Barbara Underwood, the attorney general, asked a New York state judge to...
  • Canadian province of Quebec offers C$100 million in loans to companies hit by U.S. tariffs
    Canadian_province_of_quebec_offers_c_100_million_in_loans_to_companies_hit_by_u.s._tariffs
    2018-06-11 22:15:23 UTC

    MONTREAL (Reuters) - The Canadian province of Quebec will offer C$100 million ($77.1 million) in loans and guarantees on loans to steel and aluminum companies hit by recent U.S. tariffs, the province’s economy minister said on Monday. Companies that transform the metals will benefit from the program after the United States recently ...
  • EU, Canada, Mexico announce retaliatory measures against US products
    Eu__canada__mexico_announce_retaliatory_measures_against_us_products
    2018-06-01 00:35:36 UTC

    WASHINGTON/PARIS (Reuters) - Canada and Mexico retaliated against the United State’s decision on Thursday to impose tariffs on steel and aluminum imports and the European Union had its own reprisals ready to go, reigniting investor fears of a global trade war. The tariffs, announced by U.S. Commerce Secretary Wilbur Ross in a teleph...
  • Tesla in 'Autopilot' mode crashes into parked police vehicle
    Tesla_in_'autopilot'_mode_crashes_into_parked_police_vehicle
    2018-05-29 21:53:47 UTC

    WASHINGTON (Reuters) - The driver of a Tesla Inc (TSLA.O) vehicle crashed into an unoccupied, parked police vehicle in Laguna Beach, California, on Tuesday and the driver told investigators the Tesla was in “Autopilot” mode at the time, a police spokesman said. The driver suffered minor injuries, Laguna Beach Sergeant Jim Cota said....
  • Wall Street stocks: Dow Jones falls nearly 400 points
    Wall_street_stocks-_dow_jones_falls_nearly_400_points
    2018-05-29 21:41:34 UTC

    NEW YORK (Reuters) - A spiraling Italian political crisis provoked a global stock market sell-off on Tuesday, cut the euro to a 10-month low and spiked borrowing costs for the government in Rome. Investors fear that repeat elections - which now seem likely in the euro zone’s third-largest economy as soon as July - may become a de-fa...
  • 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 creation of a carrier with 127 million custo...