Economy

  • Oil jumps as Qatar ditched, London attacks hurt sterling
    Oil-pump-jacks 2017-06-05 06:38:13 UTC
    SINGAPORE — Oil jumped after Saudi Arabia, Egypt, the United Arab Emirates and Bahrain cut ties with Qatar on Monday while sterling slipped after the weekend attacks in London that killed at least seven people and wounded 48, just days before Britain's general national election. The coordinate...

  • Tech shares lead stocks to record highs and continue to rise
    Tech_shares_lead_stocks_to_record_highs_and_continue_to_rise 2017-06-04 05:28:11 UTC
    NEW YORK — Technology shares have led U.S. stocks to record highs and are expected to continue to rise, but as market value becomes concentrated in the largest companies, some are beginning to look for the next rally leader. The technology sector of the S&P 500 .SPLRCT has risen roughly 20 per...

  • Trump announced U.S. withdrawal from the Paris Agreement
    Global_warming-_u.s._wants_to_plunder_the_planet 2017-06-02 15:21:03 UTC
    U.S. far-right nationalist and climate change denier President Donald Trump, who has previously called global warming a hoax, announced the United States will withdraw from the Paris Accord and begin talks to re-enter a fair deal. With his withdrawal decision, the U.S. joins Syria and Nicaragu...

  • Canada suspends talks with Boeing over jet purchase
    Canada_suspends_talks_with_boeing_over_jet_purchase 2017-06-01 19:20:32 UTC
    The Canadian government has suspended talks with Boeing over the planned purchase of Super Hornet jets as a stopgap measure, an official said on Thursday. "We have a capability gap, we outlined a process, our partner in that process is not acting like a valued partner right now so we've suspen...

  • New visa rules: 15 years biographical & 5 years social media
    New_visa_rules-_15_years_biographical___5_years_social_media 2017-06-01 05:41:55 UTC
    WASHINGTON — The Trump administration has rolled out a new questionnaire for U.S. visa applicants worldwide that asks for social media handles for the last five years and biographical information going back 15 years. The new questions, part of an effort to tighten vetting of would-be visitors ...

  • Global Warming: U.S. wants to plunder the planet
    Global_warming-_u.s._wants_to_plunder_the_planet 2017-05-31 18:28:52 UTC
    U.S. far-right nationalist President Donald Trump, who has previously called global warming a hoax, plans to make good on his campaign vow to withdraw the United States from a global pact to fight climate change, a move that promises to deepen a rift with U.S. allies, according to Reuters. N...

  • Trump's Anarchy Causes Uncertainty in U.S. Businesses
    U.s._hate_incidents_rise_sharply_after_trump_win 2017-05-29 16:09:40 UTC
    Confusion surrounding the trade policies of U.S. President Donald Trump's administration means U.S. companies no longer know the rules of the game, a board member and former CEO of toymaker Hasbro (HAS.O) told an international conference on Monday. Alan G. Hassenfeld, whose family founded Amer...

  • Trump Isolated at G7 Summit, "Six against One"
    Trump_isolated_at_g7_talks__%22six_against_one%22 2017-05-27 17:30:33 UTC
    TAORMINA, ITALY — Trump's isolationism is his first great export, and Italy could be first in line. The summit of Group of Seven wealthy nations pitted Trump against the leaders of Germany, France, Britain, Italy, Canada and Japan on several issues, with European diplomats frustrated at having ...

  • "America First" might turn out to be rather lonely
    %22america_first%22_might_turn_out_to_be_rather_lonely 2017-06-02 19:05:10 UTC
    At the NATO summit in Brussels, US President Donald Trump acted like a diplomatic bully. He arrived late, then shoved the Montenegrin prime minister aside to ensure his place in the front row. He turned what was planned as a short ceremonial address into a lengthy tirade against allies. Trump...

  • Trump causes deep divisions with G7 leaders over trade, migration and climate
    Trump_causes_deep_divisions_with_g7_leaders_over_trade__migration_and_climate 2017-05-26 17:42:42 UTC
    TAORMINA, ITALY — Leaders from the world's major industrialized nations began talks on Friday at a G7 summit in Sicily which is expected to expose deep divisions with U.S. far-right nationalist President Donald Trump over trade and climate change. The two-day summit, at a cliff-top hotel overl...

  • TPP agreed to move the trade deal forward without U.S.
    Tpp_agreed_to_move_the_trade_deal_forward_without_u.s. 2017-05-21 04:56:58 UTC
    Countries in the Trans-Pacific Partnership (TPP) agreed on Sunday to explore ways to move the trade deal forward after U.S. President Donald Trump's pulled out in his switch to an "America First" policy. The so-called TPP-11 countries held their highest level talks on the deal since the U.S. p...

  • Mexico to import record amount of corn from Brazil instead US
    Mexico_to_import_record_amount_of_corn_from_brazil_instead_us 2017-05-19 07:08:25 UTC
    MEXICO CITY — Mexico expects to import a record amount of yellow corn from Brazil this year after its livestock producers secured lower prices in deals with suppliers on a recent visit to South America as NAFTA talks loom, a Mexican official said Thursday. Alejandro Vazquez, a government offic...

  • Ford plans to shrink its salaried workers in US by 3000
    Ford_plans_to_shrink_its_salaried_workers_in_us_by_3000 2017-05-16 06:32:03 UTC
    WASHINGTON/DETROIT — U.S. far-right nationalist President Donald Trump promised: "Car companies coming back to U.S. JOBS! JOBS! JOBS!" Now Ford plans to shrink its salaried workforce in North America and Asia by about 10 percent as it works to boost profits and its sliding stock price. Ford ...

  • Deja Vu, US Lawmakers Ask the President to Turn Over Tapes
    Dejavu__us_laumakers_ask_president_to_turn_over_tapes 2017-05-15 17:17:41 UTC
    WASHINGTON — Forty Three Years ago. President Richard M. Nixon had struggled to maintain legal control of the White House tapes of his presidential conversations as the tide of the Watergate scandal rose, but lost. So on Aug. 5, 1974, the White House released this previously unknown bit of evi...

  • G7 countries made it clear they do not share US Trump's view
    G7_countries_made_it_clear_they_do_not_share_us_trump's_view 2017-05-13 16:32:48 UTC
    BARI, ITALY — Europe and Japan showed they remained worried about Washington's new policy. U.S. Treasury Secretary Steven Mnuchin said the United States reserved the right to be protectionist if it thought trade was not free or fair. "We do not want to be protectionist but we reserve our ri...

  • General Electric: We're very supportive of NAFTA
    General_electric-_we're_very_supportive_of_nafta 2017-05-12 19:35:46 UTC
    MONTERREY, MEXICO — General Electric Co's chief executive on Friday praised Mexico as a big part of its future growth and said the company is "very supportive" of the North American Free Trade Agreement (NAFTA) that U.S. far-right nationalist President Donald Trump has threatened to ditch. The...

  • Warning directed at Trump: Mexico outlines plans for alternatives on trade
    Warning_directed_at_trump-_mexico_outlines_plans_for_alternatives_on_trade 2017-05-12 18:44:03 UTC
    In the warning directed at the U.S. far-right nationalist President Donald Trump, Mexican Economy Minister Ildefonso Guajardo, outlines plans for alternatives on trade. He sent a stark message to Trump, saying an upcoming visit by Mexican officials to China showed Latin America's second larges...

  • California Leads U.S. Economy, Away From Trump
    California_leads_u.s._economy__away_from_trump 2017-05-12 05:13:22 UTC
    <blockquote><h3><i>Whatever the president says, this state does the opposite. It's working.</h3></i> To justify his executive orders nullifying policies protecting people from climate change, hazardous working conditions and persecution because of their religion or citizenship status, Presiden...

  • NY Fed: Trump's protectionism is a "dead end"
    William_dudley__ny_fed_trump's_protectionism_is_a_dead_end 2017-05-11 21:41:20 UTC
    William Dudley, head of the New York Fed and one of the most influential Federal Reserve officials said on Thursday in the central bank's strongest defense yet of open borders in the face of a skeptical Trump administration, trade protectionism is a "dead end" that may score political points but ...

  • Euro Gets Stronger Against The Dollar After French Election
    Euro_gets_stronger_against_the_dollar_after_french_election 2017-05-08 05:12:15 UTC
    The euro pulled away from highs hit early in the Asian session on Monday as investors took profits from its gains after centrist Emmanuel Macron's victory over the far-right Marine Le Pen in France's presidential election. Macron's resounding defeat of a nationalist who had threatened to take ...

  • Canada is considering duties on some exports from U.S.
    16825_justin_trudeau_seeks_to_avoid_potential_u.s._-_canada_trade_war 2017-05-07 06:38:44 UTC
    By David Ljunggren | OTTAWA — Canada struck back at the United States over a lumber dispute, threatening to ban shipments of U.S. thermal coal from Pacific ports and suggesting sanctions against products from Oregon. Liberal Prime Minister Justin Trudeau says his government will defend the tim...

  • America's Bad Health Care System Is Getting Worse
    America's_bad_health_care_system_is_getting_worse 2017-05-05 01:42:08 UTC
    WASHINGTON — GOP House majority approved a bill to repeal Obamacare, which enabled 20 million more Americans to get health insurance. Democrats say it would make insurance unaffordable for those who need it most and leave millions more uninsured. They accuse Republicans of seeking tax cuts fo...

  • The U.S. Doesn't Have the Money to Build Trump's Wall
    The_us_doesn't_have_the_money_to_build_trump's_wall 2017-05-01 06:03:18 UTC
    U.S. Congress would not provide any money for Trump's promised border wall with Mexico, Several important White House initiatives were rejected by the Republican and Democratic negotiators, including money for a wall on the U.S.-Mexico border that Trump has argued is needed to stop illegal imm...

  • Trump's Nonsense Economic Plan Doesn't Work With Simple Math
    Trump's_nonsense_economic_plan_doesn't_work_with_simple_math 2017-04-29 15:27:27 UTC
    WASHINGTON — The U.S. could seek to renegotiate NAFTA (North American Free Trade Agreement), but it’s unclear what Trump wants from Mexico and Canada. There are currently no tariffs on goods traded in North America. The U.S. also could withdraw from the pact by giving six months notice. But that ...

  • German Economy Booms Despite U.S. Protectionism Anarchy
    German_economy_booms_despite_u.s._protectionism_anarchy 2017-04-28 15:54:29 UTC
    By Michael Nienaber | HAMBURG, GERMANY — When port manager Axel Mattern looks out onto the Elbe River from his office in Hamburg's historic warehouse district, he can literally count the rising number of container ships leaving Germany's biggest harbor. There is an export boom underway, the sh...