Finance

  • 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 performance of each of the EU’s 28 countries and ...
  • 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 motion for the house to sit this Friday,” Ba...
  • 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 negotiator and a host of prime ministers t...
  • 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 began peacefully but degenerated in the...
  • 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 economy around 3.9 percent of gross domest...
  • Brexit: EU to break a deadlock over the Irish border
    Eu_to_break_a_deadlock_over_the_irish_border
    2018-10-22 17:03:04 UTC

    BRUSSELS (Reuters) - European Union negotiators are looking at ways to promise Britain a customs deal that could stretch Brussels’ Brexit red lines but might break a deadlock over the Irish border, EU sources close to the talks have told Reuters. Accounts of how British and EU negotiators came close to a deal on Oct. 13 focus on how...
  • 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...
  • UK Brexit-negotiator is struggling to make headway
    18747_uk_brexit-negotiator_is_struggling_to_make_headway
    2018-08-29 15:36:40 UTC

    LONDON (Reuters) - Financial centers outside the European Union would be the benefactors if the European Union sought to punish the City of London as Britain leaves the bloc, Brexit minister Dominic Raab said on Wednesday. Raab told a parliamentary committee he did not believe the EU would try to punish the London’s financial sector...
  • Germany: When U.S. 'Crosses the Line' Europe Must Act
    Germany-_when_u.s._'crosses_the_line'_europe_must_act
    2018-08-22 19:01:39 UTC

    BERLIN — In a long column on how Europe should respond to U.S. policy under President Donald Trump, German foreign minister, Heiko Maas, a member of Merkel’s junior Social Democrat coalition partners, called for the creation of a “balanced partnership” with the US in which the Europeans filled the gaps left where the US withdrew from t...
  • Iran: We made a "mistake" negotiating with US over nuke
    Iran-_we_made_a_%22mistake%22_negotiating_with_us_over_nuke
    2018-08-15 18:16:14 UTC

    (Reuters) - Iranian Supreme Leader Ayatollah Ali Khamenei has admitted he made a mistake in allowing the country’s foreign minister to speak to his U.S. counterpart during negotiations that led to a 2015 international nuclear agreement. International sanctions on Iran were lifted when the pact with world powers came into force in 20...
  • EU raises concerns over new US move on Iran
    Eu_raises_concerns_over_new_us_move_on_iran
    2018-08-06 17:59:19 UTC

    WASHINGTON (Reuters) - The Trump administration expects economic sanctions that it is re-imposing on Iran this week to further cripple the Iranian economy and will aggressively enforce the measures, senior U.S. administration officials said on Monday. But the U.S. sanctions strategy has several weak spots, especially a reluctance by...
  • Americans fleecing their savings and piling up debt
    Americans_fleecing_their_savings_and_piling_up_debt
    2018-07-23 17:42:08 UTC

    REUTERS — Despite roaring job growth and consumer spending, the U.S. economy is bolstered in large part by the poorer half of Americans fleecing their savings and piling up debt. A Reuters analysis of U.S. household data shows that the bottom 60 percent of income-earners have accounted for most of the rise in spending over the past ...
  • EU to protect oil exports & firms from US sanctions on Iran
    Eu_to_protect_oil_exports_and_firms_from_us_sanctions_on_iran
    2018-07-17 21:13:17 UTC

    The Iran nuclear agreement marked its third anniversary in a gloomy state. Despite repeated attempts to keep him on board, US President Donald Trump withdrew the United States from the deal – signed on July 14, 2015 under the formal title the Joint Comprehensive Plan of Action (JCPOA) – and thereby pulled the rug from under Europe’s fe...
  • Ireland to Boycott Israeli 'Occupied Territories' Goods
    Ireland_to_boycott_israeli_'occupied_territories'_goods
    2018-07-15 20:23:57 UTC

    DUBLIN — On July 12, the Irish Senate, known as the Seanad Éireann, passed a bill to prohibit the import and sale of goods, services, and natural resources, originating from “illegal settlements in occupied [Palestinian] territories.” The ban would only apply to products sold and made in territories beyond the 1967 Green Line borders a...
  • Trump brought his chaotic style of governing to the NATO summit
    Trump_brought_his_chaotic_style_of_governing_to_the_nato_summit
    2018-07-12 18:00:08 UTC

    U.S. President Donald Trump brought his chaotic style of governing to the NATO summit in Brussels on Wednesday and Thursday, irritating and befuddling allies with charges and jibes before declaring success for convincing his counterparts to pay more for their mutual defense. It was a classic performance for the one-time reality tele...
  • Germany and China standing together against US protectionism
    Germany_and_china_standing_together_against_us_protectionism
    2018-07-09 21:02:43 UTC

    BERLIN (Reuters) - Germany and China signed a raft of commercial accords worth some 20 billion euros ($23.5 billion) on Monday, with their leaders reiterating commitments to a multilateral global trade order despite a looming trade war with the United States. The deals, involving German industrial giants including Siemens, Volkswage...
  • Trade war: China accuses US of “opening fire”
    China_warns_us___n-korea_not_let_the_situation_get_to_an_irreversible_stage
    2018-07-05 16:53:07 UTC

    BEIJING/WASHINGTON (Reuters) - China accused the United States on Thursday of “opening fire” on the world with tariffs set to take effect on Friday, warning that it will respond the moment that duties on $34 billion in Chinese goods kick in. U.S. President Donald Trump has threatened to further escalate the trade conflict between th...
  • Brexit: Pro European Union Protesters March in London
    Brexit-_pro_european_union_protesters_march_in_london
    2018-06-23 22:01:31 UTC

    LONDON (Reuters) - Around 100,000 supporters of the European Union marched through central London on Saturday to demand that the British government hold a final public vote on the terms of Brexit, organizers said. Protesters packed the main arteries of the capital, waving British, Irish and European flags and colorful banners to cal...
  • Trump's massive tax cuts drive up U.S. deficits: Just in May alone, $147 billion
    Trump's_massive_tax_cuts_driving_up_us_deficit-__147_billion_deficit_in_may
    2018-06-12 23:06:23 UTC

    WASHINGTON (Reuters) - The U.S. government had a $147 billion budget deficit in May, an increase of 66 percent from the same month last year as the ledger took a hit from declining revenue and higher spending, according to Treasury Department data released on Tuesday. Treasury reported a budget deficit of $88 billion in the same mon...
  • Macron suggests to exclude Trump from joint statement at G7 summit
    France's_macron_condemns_turkey's_invasion_into_syria
    2018-06-08 02:20:20 UTC

    OTTAWA (Reuters) - French President Emmanuel Macron, who has invested in a warm personal relationship with US president Donald Trump, said the other G7 nations - Britain, Canada, Germany, Italy and Japan, as well as France - should remain “polite” and productive but warned that “no leader is forever,” a sign that Europe would not surre...
  • Mexico puts tariffs on products from key Republican congressional districts
    Mexico_puts_tariffs_on_products_from_key_republican_congressional_districts
    2018-06-07 02:50:01 UTC

    WASHINGTON/MEXICO CITY (Reuters) - Mexican tariffs are roiling U.S. congressional campaigns in states where U.S. exporters could take a hit and President Donald Trump’s Republicans face tough races in November congressional elections. Mexico announced the levies this week in retaliation to Trump’s decision to slap tariffs on metal i...
  • United States completely isolated itself at G7 meeting
    United_states_completely_isolated_itself_at_g7_meeting
    2018-06-01 19:03:28 UTC

    WASHINGTON/WHISTLER, British Columbia (Reuters) — U.S. isolated at G7 meeting as tariffs prompt retaliation. At a meeting of the Group of Seven top world economic powers in Canada, France’s Finance Minister Bruno Le Maire castigated the United States for its tariffs, saying Washington was isolated. “Unfortunately we are going to ...
  • France: The American consumer will pay for Trump's tariffs bill
    France-_the_american_consumer_will_pay_for_trump's_tariffs_bill
    2018-06-01 05:26:35 UTC

    PARIS (Reuters) - U.S. trade tariffs on European metals exports are unjustified and will be met with a proportionate and calibrated EU response, the French government said on Thursday. “Today, France and the EU disapprove, of course, these measures. We are getting ready to put in place safeguards, rebalancing measures because we won...
  • Italy in chaos as effort to form government collapses
    Italy_in_chaos_as_effort_to_form_government_collapses
    2018-05-28 07:53:17 UTC

    MILAN (Reuters) - Italy’s president is expected to ask a former International Monetary Fund official on Monday to head a stopgap government amidst political and constitutional turmoil, with early elections looking inevitable. President Sergio Mattarella has called in Carlo Cottarelli after two anti-establishment parties angrily aban...
  • US threatens to 'crush' Iran and warns European companies
    Pompeo_worries_cia_staff_as_fbi_pursues_russia_probe
    2018-05-21 17:06:09 UTC

    WASHINGTON (Reuters) - Secretary of State Mike Pompeo on Monday threatened to impose the “strongest sanctions in history” against Iran if it did not accept a sweeping series of U.S. demands, including effectively giving up its nuclear ambitions, curtailing its ballistic missile program and ending its expansionist behavior. Iran’s pr...