Schumer Says Trump Wall Threat Will Lead to U.S. Government Shutdown
2017-08-23 15:30:20 UTC
WASHINGTON (Reuters) - Senate Democratic leader Chuck Schumer said on Wednesday that President Donald Trump's threat to shut down the government if he does not secure funding for a border wall with Mexico would lead to a shutdown that "nobody will like."
"If the president pursues this path, ag...
U.S. workers have low hopes for higher pay
2017-08-21 17:01:39 UTC
NEW YORK (Reuters) - U.S. workers see little hope for higher paychecks, and while they are increasingly searching for new jobs, they expect fewer offers to fall into their laps, according to a Federal Reserve survey published on Monday.
The first-of-its-kind New York Fed study, to be published...
EU Strong Economic Growth Is On Track
2017-08-16 08:10:41 UTC
LONDON (Reuters) - Miners and oil stocks helped Europe's major share index make strong gains on Wednesday, as higher metals prices lent a hand and investors awaited euro zone GDP figures expected to confirm the bloc's economic growth was on track.
The pan-European STOXX 600 rose 0.5 percent, i...
Premiums would rise 20% if Trump stops federal pay for health care
2017-08-15 19:45:50 UTC
WASHINGTON (Reuters) - Premiums for many would rise 20 percent in 2018 if Trump stops federal payments to health insurers, a nonpartisan congressional office said on Tuesday.
The Congressional Budget Office also found that terminating the payments would mean that 5 percent of Americans would l...
Future Is with Core EU- Germany and France, not Nationalism
2017-08-15 18:56:35 UTC
BRATISLAVA (Reuters) - Slovakia should be part of a deeply integrated 'core' European Union driven by Germany and France, its prime minister said on Tuesday, backtracking from previous eurosceptic positions and distancing himself from some other east European states.
German Chancellor Angela M...
Is Recession Looming? U.S. Household Debt Jumps To A New Record High
2017-08-15 18:10:40 UTC
NEW YORK (Reuters) - Americans' debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card debt, where delinquencies jumped.
Total U.S. household debt was $12.84 tri...
How much would the UK be willing to pay to leave the EU?
2017-08-06 04:16:37 UTC
LONDON (Reuters) - Britain is prepared to pay up to 40 billion euros ($47 billion) as part of a deal to leave the European Union, the Sunday Telegraph newspaper reported, citing three unnamed sources familiar with Britain's negotiating strategy.
The European Union has floated a figure of 60 bi...
US officially informed the UN of its exit from the Paris accord
2017-08-05 06:27:42 UTC
WASHINGTON (Reuters) - The U.S. State Department has officially informed the United Nations it will withdraw from the Paris Climate Agreement in a document issued on Friday, but left the door open to re-engaging if the terms improved for the United States.
The State Department said in a press ...
EU ready to retaliate over new US sanctions on Russia
2017-08-02 17:29:12 UTC
BRUSSELS (Reuters) - The European Union's chief executive on Wednesday said the United States had taken into account some of the bloc's concerns over new sanctions on Russia but that it was ready to retaliate within days if the measures hurt EU economic interests.
Speaking after U.S. President...
Apple bends to the will of China after Putin bans Apps
2017-08-02 19:47:45 UTC
Apple Conforms To Chinese Law Pulls Apps From China App Store As Russia Signs Law Banning Their Use.
Russia has signed a law banning the use of virtual private networks (VPNs) that enable users to gain access to websites banned in Russia.
The new law was signed by President Vladimir Putin...
U.S. auto sales fall for fifth straight month in July
2017-08-01 17:48:21 UTC
DETROIT (Reuters) - U.S. carmakers said on Tuesday they continued to slash low-margin sales to daily rental fleets in July as General Motors, Ford and Fiat Chrysler Automobiles struggled to curb a slide in retail sales during the month.
July is on track to be the fifth straight month in which ...
Germany: US sanctions against Russia violate international law
2017-08-01 05:31:14 UTC
BERLIN — Germany's economy minister, Brigitte Zypries, on Monday decried the US' latest round of sanctions against Russia, insisting that they violate international law by indirectly punishing European firms.
"The Americans cannot punish German companies because they are doing business in anot...
Facebook's Sheryl Sandberg: We need to start paying women well
2017-07-31 04:47:45 UTC
LONDON (Reuters) - Facebook Inc Chief Operating Officer Sheryl Sandberg called on governments and companies to do more to close the gender pay gap on Sunday and said both girls and boys should be encouraged to become leaders from an early age.
"We need to start paying women well and we need th...
Only 29 percent of Americans want Congress to "continue working on a new healthcare bill"
2017-07-30 03:41:33 UTC
NEW YORK (Reuters) - A majority of Americans are ready to move on from healthcare reform at this point after the U.S. Senate's effort to dismantle Obamacare failed on Friday, according to an exclusive Reuters/Ipsos opinion poll released on Saturday.
Nearly two-thirds of the country wants to ei...
Tesla delivers the first 30 of its Model 3 cars in California
2017-07-30 16:01:45 UTC
FREMONT, Calif. (Reuters) - Tesla Chief Executive Officer Elon Musk said on Friday the Model 3 had over half a million advance reservations as he handed over the first 30 to employee buyers, setting the stage for the biggest test yet of the company's strategy to become a profitable, mass market e...
Elizabeth Warren called on Federal Reserve to remove members of Wells Fargo's board
2017-07-29 04:06:47 UTC
WASHINGTON (Reuters) - U.S. Senator Elizabeth Warren called on Federal Reserve Chair Janet Yellen to remove members of Wells Fargo & Co's board after revelations the company improperly charged customers for auto insurance.
In a letter sent Friday to Yellen, Warren, a Democrat, said the recent ...
Repeal Fails: President Obama’s Health Law Will Stay
2017-07-30 03:51:28 UTC
WASHINGTON (Reuters) - A U.S. Senate led by Donald Trump's fellow Republicans dealt the president a harsh blow on Friday, failing to move ahead with a major campaign promise to dismantle Obamacare as they fell one vote short of passing healthcare legislation.
Three Republican senators - John M...
New EU aid to help refugees with rent and cash in Greece
2017-07-27 18:02:36 UTC
ATHENS (Reuters) - The European Commission will give Greece 209 million euros ($245 million) in new emergency aid to help refugees stranded in the country rent homes and pay for basics with a cash card, the Commission said on Thursday.
About 62,000 refugees and migrants, mainly Syrians, Afghan...
EU, the world's biggest trading bloc, seeks to set global trade rules - US out of the race
2017-07-27 16:29:50 UTC
BRUSSELS (Reuters) - If Donald Trump's ditching of a U.S.-led trade alliance with Pacific Rim nations wasn't a gift to the European Union, then it must be the next best thing.
The president's decision on his first day in office effectively pulled the United States out of the race to frame glob...
Senate rejects Obamacare repeal again, eyes 'skinny' bill
2017-07-27 05:51:10 UTC
WASHINGTON (Reuters) - Senate Republicans fell short again in their effort to end Obamacare, rejecting a measure to repeal large portions of former President Obama's signature law that has provided health insurance to millions of Americans.
The last-ditch effort came after senators voted 55-45...
US automakers expect a rougher ride for the rest of the year
2017-07-26 19:53:53 UTC
DETROIT (Reuters) - Ford Motor Co on Wednesday joined rival General Motors Co in reporting higher-than-expected second-quarter profits, and in the next breath warning of a rougher ride for the rest of the year.
Ford said full-year pre-tax profit, automotive operating margins and cash flow woul...
Senate advances on healthcare and votes to open debate
2017-07-26 07:17:58 UTC
WASHINGTON (Reuters) - U.S. Senate Republicans narrowly agreed to open debate on a bill to repeal Obamacare, but the party's seven-year effort to roll back President Obama's signature healthcare law still faces significant hurdles.
The Senate deadlocked 50-50 on moving forward with the hea...
Germany confronts Russia over Siemens turbines in Crimea
2017-07-23 04:38:53 UTC
<blockquote>FRANKFURT (Reuters) - Germany has warned Russia that breaches of sanctions including the relocation to Crimea of four gas turbines delivered to Russia by Siemens are straining political relations between the two countries, 'Bild am Sonntag' reported on Sunday.
Crimea is subject to ...
African immigrants in Germany help refugees to integrate
2017-07-21 06:52:17 UTC
<blockquote><h2>How African migrants are turning the tide for refugees in Germany</h2><h3><i>There's hardly anyone more qualified to help migrants and refugees new to Germany than former newcomers themselves. This is the premise of AfricanTide, an organization that runs a refugee shelter and mult...
Solid European economic outlook kept euro strong against dollar
2017-07-21 04:12:59 UTC
TOKYO (Reuters) - Concerns about Trump's inability to push the US economy and strong global growth are weakening the dollar.
The euro held near two-year highs against the dollar on Friday after the head of the European Central Bank said tapering of its stimulus will be on the table this autumn...