Economy

  • US Senators Seek to Block Trump Saudi Arms Sales
    Us_senators_seek_to_block_trump_saudi_arms_sales 2019-06-05 21:52:21 UTC
    WASHINGTON (Reuters) - Republican and Democratic U.S. senators said on Wednesday they would introduce legislation to block President Donald Trump’s plan for $8 billion in military sales to Saudi Arabia and the United Arab Emirates without congressional review. Backers said the introduction of ...

  • US shared sensitive nuclear power information with Saudi Arabia
    Us_shared_sensitive_nuclear_power_information_with_saudi_arabia 2019-06-05 06:08:32 UTC
    WASHINGTON (Reuters) - The Trump administration granted two authorizations to U.S. companies to share sensitive nuclear power information with Saudi Arabia shortly after the killing of journalist Jamal Khashoggi in October, a U.S. senator who saw the approvals said on Tuesday. The timing of th...

  • Elon Musk Says Tesla deliveries Set to Top Record
    Elon_musk_says_tesla_deliveries_set_to_top_record 2019-05-23 15:41:53 UTC
    (Reuters) - Tesla Inc is on course to top its record for quarterly deliveries in the second quarter, beating the 90,700 it sent to customers in the final quarter of last year, according to an email from Chief Executive Officer Elon Musk to staff. Musk’s email, widely posted on social media and...

  • British PM Theresa May 'Expected to Quit Friday'
    Uk_pm_theresa_may_lost_the_election. 2019-05-23 05:52:23 UTC
    LONDON (Reuters) - British Prime Minister Theresa May is expected on Friday to announce her departure from office, The Times reported, without citing a source. May will remain as prime minister while her successor is elected in a two-stage process under which two final candidates face a ballot...

  • Asia Shares Hit 4-Month Low on Risk of Endless Trade War
    Asia_shares_hit_four-month_low_on_risk_of_endless_trade_war 2019-05-23 05:34:55 UTC
    SYDNEY (Reuters) - Asian shares broke support and caved to a four-month low on Thursday, as concerns grew that the Sino-U.S. trade conflict was fast morphing into a prolonged technology cold war between the world’s two largest economies. Late Wednesday, Reuters reported the U.S. administration...

  • Trump Says Some Auto Imports Threaten National Security
    Trump_says_some_auto_imports_threaten_national_security 2019-05-17 20:40:13 UTC
    WASHINGTON (Reuters) - US President Donald Trump declared that some imported vehicles and parts pose a national security threat but delayed a decision for as long as six months on whether to impose tariffs to allow for more time for trade talks with the European Union and Japan. The unpreceden...

  • US Federal Appeals Court: Trump Administration Violated Federal Law
    Apple__gm__best_buy_join_dreamers_coalition_lobby_on_daca 2019-05-17 20:13:17 UTC
    RICHMOND, Va. (AP) — A federal appeals court ruled Friday the Trump administration acted in an “arbitrary and capricious” manner when it sought to end an Obama-era program that shields young immigrants from deportation. A three-judge panel of the 4th U.S. Circuit Court of Appeals ruled 2 to 1 ...

  • Dutchman Travels Across 33 Countries on Electric Car
    Dutchman_travels_across_33_countries_on_electric_car 2019-04-18 22:49:36 UTC
    Dutchman Wiebe Wakker on Sunday ended a 95,000 kilometer (59,000 mile) electric car journey that he hoped would show the world the viability of such vehicles. Wakker arrived in the eastern Australian city of Sydney after driving his retrofitted station wagon nicknamed "The Blue Bandit" across 33...

  • Oil Prices Continue to Rise Amid OPEC-Led Supply Cuts
    Oil_prices_rose__lifted_by_a_weak_dollar 2019-04-02 21:38:57 UTC
    NEW YORK (Reuters) - Oil prices on Tuesday hit their highest level so far in 2019, with Brent crude approaching $70 a barrel, on the prospect that more sanctions against Iran and further Venezuelan disruptions could deepen an OPEC-led supply cut. Brent futures reached a session peak at $69.52 ...

  • Still Unclear How, When or If UK Will Ever Indeed Quit EU
    Still_unclear_how__when_or_if_uk_will_ever_indeed_quit_eu 2019-04-02 20:57:13 UTC
    LONDON (Reuters) - Prime Minister Theresa May said on Tuesday she would seek another Brexit delay to agree an EU divorce deal with the opposition Labour leader, a last-ditch gambit to break an impasse over Britain’s departure that enraged many in her party. Nearly three years since the United ...

  • Brexit: EU Prepares For a 'No-Deal' Scenario
    Brexit-_eu_prepares_for_a_'no-deal'_scenario 2019-03-29 20:39:59 UTC
    Theresa May's exit deal failed by 58 votes, and April 12 beckons as a new exit date for the UK out of the EU. More indicative votes are on the table, as the EU prepares for a 'no-deal' scenario. LONDON (Reuters) - Lawmakers rejected Prime Minister Theresa May’s Brexit deal for a third time on ...

  • U.S. Judge Approves Bankruptcy Loan for PG&E
    Us_utility_company_pg_e_is_exploring_filing_for_bankruptcy 2019-03-27 18:31:51 UTC
    SAN FRANCISCO (Reuters) - Bankrupt California power provider PG&E Corp won court approval on Wednesday for a $5.5 billion loan to help maintain electricity and natural gas delivery and for investments to reduce the risk of wildfires as it reorganizes. San Francisco-based PG&E filed for Chapter...

  • Mozambique's Cyclone Survivors Face Cholera
    Mozambique's_cyclone_survivors_face_cholera 2019-03-27 17:36:23 UTC
    BEIRA, Mozambique (Reuters) - Dozens of fragile patients poured into a clinic in the wrecked Mozambican port city of Beira on Wednesday, as the government said it had confirmed the first five cases of cholera in the wake of deadly Cyclone Idai. Thousands of people were trapped for more than a ...

  • Chinese Company to Sell Popular Dating App Grindr
    Chinese_company_to_sell_the_popular_dating_app_grindr 2019-03-27 17:54:06 UTC
    (Reuters) - Chinese gaming company Beijing Kunlun Tech Co Ltd is seeking to sell Grindr LLC, the popular gay dating app it has owned since 2016, after a U.S. government national security panel raised concerns about its ownership, according to people familiar with the matter. The Committee on F...

  • Wall Street Bogged Down by Global Growth Worries
    What_is_a_point_on_the_new_york_stock_exchange_ 2019-03-27 17:53:13 UTC
    (Reuters) - Fears of a global economic slowdown weighed on Wall Street’s main indexes on Wednesday, and along with a prolonged inversion in the U.S. yield curve kept investors at bay. Apple Inc was a bright spot, rising 1.23 percent after three straight days of losses. The benchmark 10-year...

  • EU: Italy Poses A Threat to Other Euro Zone Countries
    Eu-_italy_poses_a_threat_to_other_euro_zone_countries 2019-02-27 20:27:14 UTC
    BRUSSELS (Reuters) - Italy is facing excessive economic imbalances and the policies of its government are making matters worse, posing a threat to other euro zone countries, the European Commission said on Wednesday. However, the EU executive arm, whose job is to analyze the economic performan...

  • Scientists' evidence for man-made global warming hits 'gold standard'
    Alarming_research_finds_global_warming_is_accelerating_sea_level_rise 2019-02-25 18:33:18 UTC
    OSLO (Reuters) - Evidence for man-made global warming has reached a “gold standard” level of certainty, adding pressure for cuts in greenhouse gases to limit rising temperatures, scientists said on Monday. “Humanity cannot afford to ignore such clear signals,” the U.S.-led team wrote in the jo...

  • The segregation-era road-trip drama “Green Book” wins best picture at Oscars
    The_segregation-era_road-trip_drama_%e2%80%9cgreen_book%e2%80%9d_wins_best_picture_at_oscars 2019-02-25 04:57:11 UTC
    LOS ANGELES (AP) — The segregation-era road-trip drama “Green Book” was crowned best picture at the Academy Awards, handing Hollywood’s top award to a film seen as a feel-good throwback to some but ridiculed as an outdated inversion of “Driving Miss Daisy” by others. In a year where Hollywood ...

  • Oscars winners 2019: The full list of winners
    Oscars_winners_2019-_the_full_list_of_winners 2019-02-25 04:32:29 UTC
    Los Angeles — Sunday night’s Oscars marked a record-breaking year for recognizing the achievement of black artists. Shattering a record set in 2017, the 91st Academy Awards bestowed trophies to seven black winners in six categories. The following is a list of nominees and the winners: ...

  • UK's Theresa May delays vote on Brexit until March 12
    May_-_brexit-_eu_demands_up_to__114_billion_before_talks_on_trading 2019-02-25 18:01:20 UTC
    SHARM EL-SHEIKH, Egypt (Reuters) - Prime Minister Theresa May promised on Sunday to offer lawmakers a vote on her Brexit deal by March 12, the latest delay in her attempt to win approval for a plan to ensure Britain’s orderly departure from the European Union. As the United Kingdom’s labyrinth...

  • Irish PM, Leo Varadkar rejects a post-Brexit border backstop that includes a time limit
    Leo_varadkar 2019-02-24 16:43:17 UTC
    SHARM EL-SHEIKH, Egypt (Reuters) - Ireland cannot accept a post-Brexit border backstop that has a time limit or a unilateral exit clause, Prime Minister Leo Varadkar said on Sunday. “We are happy to discuss with the United Kingdom assurances that they may need to give them further confidence t...

  • Buffett rebukes Trump for taking credit for US economic growth
    Buffett_rebukes_trump_for_taking_credit_for_us_economic_growth 2019-02-23 19:58:52 UTC
    (Reuters) - Warren Buffett on Saturday appeared to fault U.S. President Donald Trump for taking too much credit for the nation’s economic growth, while acknowledging that market conditions are making it tough for his Berkshire Hathaway Inc to find more big companies to buy. Buffett lamented th...

  • North Carolina: New election in undecided US House race
    North_carolina-_new_election_in_undecided_us_house_race 2019-02-21 22:04:16 UTC
    (Reuters) - North Carolina’s elections board on Thursday unanimously ordered a new election for a U.S. House seat after officials said corruption surrounding absentee ballots tainted the results of last November’s vote. The bipartisan board’s 5-0 decision came after Republican candidate Mark H...

  • Tesla to buy battery tech maker Maxwell Technologies for $218 million
    Tesla_to_buy_battery_tech_maker_maxwell_technologies_for__218_million 2019-02-04 17:12:26 UTC
    (Reuters) - Tesla Inc has agreed to buy energy storage company Maxwell Technologies Inc for $218 million in an all-stock deal that could help the electric car maker produce batteries that hold more energy and last longer at a time when it needs to cut costs and faces growing competition. Tesla...

  • Sanders to Ask Why Drug, Once Free, Now Costs $375k
    Bernie_sanders 2019-02-04 16:47:41 UTC
    WASHINGTON (Reuters) - U.S. Senator Bernie Sanders sent a letter to Catalyst Pharmaceuticals on Monday asking it to justify its decision to charge $375,000 annually for a medication that for years has been available to patients for free. The drug, Firdapse, is used to treat Lambert-Eaton Myast...