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, also criticizing a breach in the ceasefire ...
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,” EU foreign policy chief Federica Moghe...
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 relief from economic sanctions in exchange...
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 Monday, were announced late on Sunday by...
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 throwing his White House, Congress and the f...
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 negotiations on behalf of the 28-state Eur...
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 tariffs on steel and aluminum imports. Pla...
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 to benefit the American people, in partic...
Eurozone Posts Fastest Economic Growth in a Decade
2018-03-02 08:55:40 UTC
BENGALURU (Reuters) - While euro zone business growth was the fastest in well over a decade at the start of the year, it lost some steam last month as a stronger currency took its toll, a private-sector survey of purchasing managers showed.
Still, over 70 percent of respondents in the latest Reuters poll said they were not concerned...
Rebuilding Iraq after war with ISIS will cost $88.2 billion
2018-02-12 10:49:21 UTC
KUWAIT (Reuters) - Rebuilding Iraq after three years of war with Islamic State will cost $88.2 billion, with housing a particularly urgent priority, Iraqi officials told an international donors’ conference on Monday.
Donors and investors have gathered in Kuwait this week to discuss efforts to rebuild Iraq’s economy and infrastructur...
Paul: I can't look the other way by trillion-dollar deficits
2018-02-09 06:06:44 UTC
WASHINGTON (AP) — The U.S. government stumbled into a shutdown at midnight as a rogue Senate Republican blocked a speedy vote on a massive, bipartisan, budget-busting spending deal, protesting the return of trillion-dollar deficits on the watch of Republicans controlling Washington.
The shutdown — technically a lapse in agency appro...
Germany's Economy Growing Fast with Surplus
2018-02-01 22:18:01 UTC
BERLIN (Reuters) - The German government this week raised its 2018 growth forecast to 2.4 percent from 1.9 percent after bullish economic data, which could translate into added tax revenues.
That would give more leeway to increase state spending over the next four years beyond what is currently envisaged in coalition talks, and pote...
Doctors can detect deadliest cancers through blood test
2018-01-21 17:59:46 UTC
The future isn't far off, according to US researchers: doctors will soon be able to detect cancer and locate tumor cells just by examining one blood sample. But is this new screening method as good as it sounds?
<blockquote>Cancer of the ovaries, liver, stomach, pancreas, esophagus, colon and breast - one single blood test, experts ...
Scotland Sees 'Golden' Chance to Stay in European Single Market
2018-01-14 08:31:04 UTC
EDINBURGH (Reuters) - Scottish leader Nicola Sturgeon said on Sunday there was a “golden opportunity” to argue for Britain to remain in the European single market after Brexit, as no-one had yet demonstrated the benefit of loosening trade ties with the EU.
Sturgeon, whose nationalist SNP runs the devolved Scottish government, said t...
Zimbabweans of European Origin Return to Seized Land
2017-12-24 11:14:22 UTC
RUSAPE, Zimbabwe (Reuters) - The last time farmer Rob Smart left his land it was at gunpoint, forced out in June by riot police armed with tear gas and AK-47 assault rifles.
He returned on Thursday to ululations and tears of joy from former workers and their families who were also kicked out - a jubilant return and the first sign th...
Republicans Looting the Treasury: House Approves #TaxScamBill
2017-12-20 19:52:16 UTC
ASHINGTON (Reuters) - The Republican-controlled U.S. House of Representatives gave final approval on Wednesday to the biggest overhaul of the U.S. tax code in 30 years, sending a sweeping $1.5 trillion bill to President Donald Trump for his signature.
In sealing Trump’s first major legislative victory, Republicans steamrolled opposi...
US Congress Struggling to Avoid a Partial Government Shutdown
2017-12-20 00:44:23 UTC
WASHINGTON (Reuters) - The U.S. Congress is struggling through another contentious week as infighting over defense spending, healthcare and other matters complicates the drive to pass a temporary spending bill by midnight on Friday to avert a partial government shutdown.
In a week when President Donald Trump and his fellow Republica...
European Union: US Tax Reform Breaks Global Rules
2017-12-19 18:29:42 UTC
European finance ministers are worried. They say the US's big tax reform bill contains measures that would unfairly disadvantage European business and contravene global fair-taxation rules. Are they right?
Last week, the finance ministers of Europe's five biggest economies — Germany, France, the UK, Spain and Italy — wrote an anxiou...
Here's a Look at the Final Republican Tax Bill
2017-12-17 06:15:52 UTC
Republicans in the U.S. Congress released a final version of their tax bill on Friday, clearing the way for Senate and House of Representatives votes on the legislation next week.
President Donald Trump wants to sign tax legislation before the end of the year to notch the first major legislative win for Republicans since January whe...
Zimbabwe's government will Extend Amnesty on Outstanding Taxes
2017-12-08 07:04:50 UTC
HARARE — Zimbabwe's Finance and Economic Development Minister Patrick Chinamasa proposed an amnesty for interest and penalties on outstanding taxes accrued prior to December 1, 2017 for taxpayers who come forward and settle their obligations within the period ending June 30, 2018.
He said the amnesty comes as Government recognises t...
Bitcoin tops an all-time high above $10,000
2017-11-29 06:11:39 UTC
NEW YORK (Reuters) - Red-hot bitcoin soared through an all-time high above $10,000 on Wednesday, taking its gains to more than 900 percent so far this year, the most of any asset class.
Despite widespread scepticism of many veteran bankers and fund managers, it is being propelled by a continued influx of retail buyers as well as pro...
Canada reaches out to US Congress to bypass Trump on NAFTA
2017-11-15 20:02:04 UTC
OTTAWA (Reuters) - Canada will redouble its lobbying efforts in Congress to block any Trump administration move to pull the United States out of NAFTA, sources familiar with government strategy said, as talks to modernize the treaty run into trouble.
Canadian officials, preparing for a fifth round of negotiations to update the 1994 ...
TPP Countries Agree to Move Ahead Without the US
2017-11-11 07:34:30 UTC
DANANG, Vietnam (Reuters) - Countries in the Trans Pacific Partnership (TPP) trade deal have agreed on the core elements to move ahead without the United States, officials said on Saturday, after last minute resistance from Canada raised new doubts about its survival.
Taking the agreement forward is a boost for the principle of mult...
Germany’s Strong Economic Growth Creates Tax Surplus of 30 Billion Euros
2017-11-09 23:36:47 UTC
BERLIN (Reuters) - Germany’s new tax estimates show the next federal government will have around 30 billion euros available for tax cuts and additional spending over the next four years, Finance Minister Peter Altmaier said on Thursday.
The tax experts’ estimates show Germany’s strong economic growth boosting the tax take over the l...
Trump’s administration has links with Russian allies of Putin
2017-11-06 04:23:28 UTC
WASHINGTON (Reuters) - A top member of Donald Trump's administration has business links with Russian allies of President Vladimir Putin who are under US sanctions, Leaked files from offshore law firm show.
Partnerships used by Ross, a billionaire investor helping to shape President Donald Trump’s trade policy, have a 31 percent sta...