G20 Drop 'Climate' and 'Free Trade' Pledge, Acquiescing To An Increasingly Protectionist United States
2017-03-18 21:45:12 UTC
By Balazs Koranyi and Gernot Heller |
BADEN BADEN, GERMANY — Financial leaders of the world's biggest economies dropped a pledge to keep global trade free and open, acquiescing to an increasingly protectionist United States after a two-day meeting failed to yield a compromise.
Breaking a d...
Trump's newest Executive Order: Global warming and climate change will not play a role in U.S. policy anymore
2017-03-14 23:15:10 UTC
By David Shepardson |
WASHINGTON — U.S. President Donald Trump's administration is preparing to release a wide-ranging executive order to reduce the role that climate change plays in policy decisions, according to a Trump administration official who reviewed a draft of the order.
The move ...
Millions more Americans uninsured under Republican plan
2017-03-13 21:18:37 UTC
By David Lawder |
WASHINGTON — An eagerly awaited nonpartisan CBO report by the U.S. Congressional Budget Office found that millions more Americans would lose insurance under a Republican plan to dismantle Obamacare. It dealt a potential setback to Trump's first major legislative initiative.
US shouldn't assume OPEC would extend cuts to offset shale
2017-03-09 21:50:59 UTC
By Ron Bousso |
HOUSTON — Senior Saudi energy officials told top independent U.S. oil firms in a closed-door meeting this week that they should not assume OPEC would extend output curbs to offset rising production from U.S. shale fields, two industry sources told Reuters on Thursday.
The Republican Plan To Destroy The Affordable Care Act
2017-03-07 08:06:15 UTC
By Susan Cornwell and Yasmeen Abutaleb |
WASHINGTON — In a battle waged since the 2010 passage of the Affordable Care Act, Democratic President Barack Obama's signature domestic policy achievement, Republicans including President Donald Trump have long vowed to repeal and replace the law. But...
Germany is preparing to support middle east economy
2017-03-03 09:40:12 UTC
Germany has offered Egypt $500 million to support its economic program and medium-sized and small businesses, the Egyptian ministry of investment and international cooperation said on Friday.
"It was agreed with the German side (that they would) provide $250 million to support the economic pro...
Trump's Border Wall: Enough Money To Cover A Mile
2017-03-02 10:49:34 UTC
By Julia Edwards Ainsley | DHS has just $20 million for Trump's border wall.
WASHINGTON — President Donald Trump’s promise to use existing funds to begin immediate construction of a wall on the U.S.-Mexico border has hit a financial roadblock, according to a document seen by Reuters.
Brexit could lead to a second Scottish independence referendum
2017-03-01 08:33:46 UTC
By Kate Holton |
LONDON — The "sheer intransigence" of the British government over Brexit could lead to a second Scottish independence referendum, the head of the devolved Scottish government said on Tuesday.
First Minister Nicola Sturgeon, elected leader in 2014 after an unsuccessful refe...
Some of Republicans resist the GOP plans to repeal Obamacare
2017-03-01 07:47:21 UTC
By David Morgan |
WASHINGTON - A Republican effort to repeal and replace Obamacare met resistance from House conservatives who said draft legislation would not reduce the cost of healthcare.
Republicans, who control the White House and Congress, are in agreement in their opposition to form...
Confession: Trump didn't know how 'complicated the healthcare' is!
2017-02-28 02:21:44 UTC
Trump on Monday theorized that polls show the Obamacare’s approval rating climbing not because people like it, but because they know Republicans will soon repeal it.
“People hate it, but now they see that the end is coming, and they're saying, ‘Oh, maybe we love it,’” Trump said. “There's noth...
Trump's trade war: Mexico wants to tax U.S. goods
2017-02-25 09:00:38 UTC
By Frank Jack Daniel |
MEXICO CITY — An emboldened Mexico hardened its opposition to President Donald Trump on Friday by saying it would retaliate if the United States imposed a border tax and that it can afford to lose financial aid that might be pulled to pay for a border wall.
Anti-Trump rallies staged across U.S. cities
2017-02-17 19:22:11 UTC
By Ian Simpson |
WASHINGTON - A second consecutive day of protests against U.S. President Donald Trump's month-old administration will unfold on Friday in cities across the country, with activists urging Americans to skip work and school in a show of dissent.
Strike4Democracy, one of the g...
House GOP will not seek Trump tax returns
2017-02-14 00:40:22 UTC
WASHINGTON - A congressional tax oversight committee will not seek President Donald Trump's tax returns, despite calls from Democrats for a review to determine possible business ties to foreign countries including Russia, the panel's Republican chairman said.
By David Morgan | WASHINGTON
Germany Sets High Bar for G20 Summit: Free Trade, Resisting Currency Wars and Fighting Climate Change
2017-02-09 09:55:52 UTC
Germany Sets High Bar for G20 Summit: Free Trade, Resisting Currency Wars and Fighting Climate Change.
By Noah Barkin and Jan Strupczewski
BERLIN/BRUSSELS - Germany will press the Group of 20 to reaffirm its commitment to promoting free trade, resisting currency wars and fighting climate ch...
Australian PM: There is potential for China to join the TPP
2017-01-24 05:53:33 UTC
By Charlotte Greenfield and Stanley White | WELLINGTON/TOKYO
Australia and New Zealand said on Tuesday they hope to salvage the Trans-Pacific Partnership (TPP) by encouraging China and other Asian nations to join the trade pact after U.S. President Donald Trump kept his promise to pull out of th...
Canada's PM Justin Trudeau speaks with Mexican President Enrique Peña Nieto ahead of Trump talks
2017-01-23 04:40:18 UTC
Mexican President Enrique Peña Nieto agreed in a phone call with Canadian Prime Minister Justin Trudeau on Sunday to join forces to encourage economic integration in North America, according to a statement from Peña Nieto's office.
The call came ahead of talks between senior Mexico and U.S. of...
U.S housing starts surge in December; jobless claims near 43-year low
2017-01-19 17:21:57 UTC
Washington (Reuters) - U.S. homebuilding rebounded more than expected in December as a strengthening economy boosts demand for rental housing.
Other data on Thursday showed the number of Americans filing for unemployment benefits unexpectedly falling last week to a near 43-year low, pointing t...
Globalization not to blame for world's ills: China's Xi
2017-01-18 08:13:17 UTC
"No one will win from a trade war," says Xi.
Economic globalization has become a "Pandora's Box" for many, but global problems are not caused by it, Chinese President Xi Jinping said on Tuesday.
Xi told the World Economic Forum in Davos, Switzerland, that international financial crises wer...
The danger of Trump's economic policies
2017-01-18 04:07:30 UTC
Protectionism has a certain appeal in every age and every nation, because of what we might call a piece of faulty wiring in the human brain. Our instincts were evolved on the savannahs of Pleistocene Africa. We have an ingrained tendency to provide against famine, to hoard food. Translated ...
Trump: Brexit is going to end up being a great thing
2017-01-18 04:07:21 UTC
Trump promised he would offer the United Kingdom a trade deal within weeks of taking office to help make Brexit a "great thing,” in a joint interview published on Sunday with German tabloid newspaper "Bild" and British newspaper "The Times of London."
"We're going to work very hard to get it ...
Trump and Republicans on their way to Destroy the Affordable Care Act
2017-01-14 08:15:47 UTC
By Richard Cowan and Susan Cornwell | WASHINGTON
U.S. House Republicans on Friday won passage of a measure starting the process of dismantling Obamacare, despite concerns about not having a ready replacement and the potential financial cost of repealing Democratic President Barack Obama's landma...
Pena Nieto: Mexico will not pay for the wall Trump plans to build
2017-01-18 04:05:07 UTC
Pena Nieto said his government would seek to diversify business ties with Asia and Latin American countries where it had room for improvement and And we will not pay for the wall Trump plans to build.
By Dave Graham | MEXICO CITY
Mexico said on Wednesday it would throw its relationship with t...
Germany and EU economy ended the year with its strongest growth
2017-01-16 04:30:35 UTC
By Francesco Guarascio | BRUSSELS
Industries across the euro zone cranked up output in November and Germany ended the year with its strongest growth in five years, data showed on Thursday, pointing to an economic spurt that may be arriving earlier than some ECB policymakers expect.
Euro zone ...
Justin Trudeau seeks to avoid potential U.S.- Canada trade war
2017-01-09 21:49:47 UTC
(Reuters) - Senior Canadian officials have met several times with advisers to U.S. President-elect Donald Trump in Washington in an effort to avert a possible trade war once he takes office this month, the Globe and Mail newspaper said on Monday.
Trump vowed during his election campaign to eit...
Brexit ‘catastrophe’: UK at risk, warns Canadian trade expert
2017-01-08 10:16:56 UTC
UK-EU trade deal could take years after 'catastrophic' Brexit vote, expert warns.
Renegotiating a trade deal with the European Union could take the UK up to a decade to finalise after its "potentially catastrophic" decision to leave the bloc, a trade expert has warned.
Jason Langrish, execu...