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...
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 th...
Iran: We made a "mistake" 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...
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 severa...
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 mos...
EU to protect oil exports & 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 there...
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 territor...
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 p...
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 indust...
Trade war: China accuses US of “opening fire”
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 furthe...
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 Eu...
Trump's massive tax cuts drive up U.S. deficits: Just in May alone, $147 billion
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 budge...
Macron suggests to exclude Trump from joint statement at G7 summit
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 fore...
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 Tru...
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 isol...
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 safegua...
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...
US threatens to 'crush' Iran and warns European companies
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...
Merkel, Putin share common ground on Iran nuclear accord
2018-05-18 17:09:29 UTC
German Chancellor Angela Merkel and Russian President Vladimir Putin discussed the Iran nuclear deal, Syria, the conflict in Ukraine and the North Stream 2 gas pipeline.
Merkel said that the Iran nuclear deal was better than none at all in a press conference with Vladimir Putin on Friday, als...
European Powers Regret Trump's Decision on Iran
2018-05-08 19:22:15 UTC
BRUSSELS (Reuters) - Israel praised President Donald Trump’s decision to pull the United States out of the Iran nuclear deal, while Washington’s allies in Europe expressed regret over the decision and said they would to try keep the pact alive.
“The European Union is determined to preserve it,...
Trump will be announcing his decision on Iran Deal tomorrow
2018-05-07 19:25:15 UTC
WASHINGTON (Reuters) - U.S. President Donald Trump said he would announce a decision on the future of the Iran nuclear deal on Tuesday as European countries piled pressure on Washington to remain in the 2015 agreement.
Trump has threatened to withdraw from the deal, which provided Iran with re...
China increased tariffs by up to 25 percent on 128 US goods
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 ...
Trump signs spending bill that "nobody read it"
2018-03-23 18:45:02 UTC
WASHINGTON (Reuters) - U.S. President Donald Trump signed Congress’ newly passed $1.3 trillion spending bill on Friday, ending suspense over a surprising threat he made hours earlier to veto the budget and shut down the federal government.
In the latest episode of the Republican president thro...
European Union: It is not clear what Trump wants
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...
EU Schools Trump On Trade: 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...