Economy

  • 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...

  • UK Government Considers Another Brexit Vote
    Brexit 2019-03-27 17:58:22 UTC
    LONDON, March 27 (Reuters) - Britain’s government will file a motion to allow parliament to sit on Friday as the government considers bringing another vote in parliament on its Brexit divorce deal, Brexit minister Stephen Barclay said on Wednesday. “The government will later today table a moti...

  • Germany to Accelerate Development of Autonomous Driving
    German_carmakers%e2%80%99_to_accelerate_the_development_of_autonomous_driving 2019-01-23 18:33:15 UTC
    FRANKFURT (Reuters) - Germany’s top carmakers including BMW and Volkswagen are looking at ways to speed up development of the next generation of self-driving cars, possibly by even working together, as tech giant Google forges ahead with plans to mass produce such vehicles. Carmakers and tech ...

  • Brexit: EU To Prepare For Worst Variant
    Brexit-_eu_to_prepare_for_worst_variant 2019-01-16 04:37:26 UTC
    BRUSSELS (Reuters) - European Union leaders expressed dismay and regret on Tuesday after the British parliament rejected a Brexit divorce deal, saying they were stepping up emergency planning and warned London was running out of time. The EU’s chief executive, the European Parliament Brexit ne...

  • China’s Population to Reach 1.442 Billion in 2029
    China%e2%80%99s_population_to_reach_1.442_billion_in_2029 2019-01-06 05:03:07 UTC
    SHANGHAI (Reuters) - China’s population is set to reach a peak of 1.442 billion in 2029 and start a long period of “unstoppable” decline in 2030, government scholars said in a research report published on Friday. The world’s most populous country must now draw up policies to try to cope with a...

  • US Utility Company PG&E Explores Filing for Bankruptcy
    Us_utility_company_pg_e_is_exploring_filing_for_bankruptcy 2019-01-06 03:42:30 UTC
    (Reuters) - California utility company PG&E Corp (PCG.N) is exploring filing some or all of its business for bankruptcy protection as it faces billions of dollars in liabilities related to fatal wildfires in 2018 and 2017, people familiar with the matter said on Friday. The company is consider...

  • Pelosi Plans New Legislation to Reopen Parts of US Government
    Nancy_pelosi_plans_new_legislation_to_reopen_parts_of_government 2019-01-06 03:12:02 UTC
    WASHINGTON (Reuters) - U.S. House Speaker Nancy Pelosi said Democrats would pass new legislation to try to reopen parts of the government next week after talks between the Trump administration and Democratic negotiators on Saturday failed to end a two-week partial government shutdown. Presiden...

  • GM To Cut 14,700 Jobs In Ohio, Michigan, Maryland And Ontario
    Gm_to_cut_14_700_jobs_in_ohio__michigan__maryland_and_ontario 2018-11-26 18:36:11 UTC
    DETROIT/WASHINGTON (Reuters) - General Motors will cut production of slow-selling models and slash its North American workforce in the face of a declining market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles. The announcement is the biggest No...

  • Catastrophic Effects of Climate Change
    Catastrophic_effects_of_climate_change 2018-11-25 02:46:14 UTC
    (Reuters) - Climate change will cost the U.S. economy hundreds of billions of dollars by the end of the century, hitting everything from health to infrastructure, according to a government report issued on Friday that the White House called inaccurate. The congressionally mandated report, writ...

  • Germany Halts Arms Sales, Bans 18 Saudis
    Germany_halts_arms_sales_and_bans_18_saudis 2018-11-19 23:31:54 UTC
    BERLIN — Germany is halting previously approved arms exports to Saudi Arabia. The government says it is also banning 18 Saudi citizens suspected of being involved in Jamal Khashoggi's death from entering Europe's Schengen zone. Germany has triggered proceedings to ban 18 Saudi citizens allege...

  • Brexit: EU to break a deadlock over the Irish border
    Eu_to_break_a_deadlock_over_the_irish_border 2018-10-22 17:03:04 UTC
    BRUSSELS (Reuters) - European Union negotiators are looking at ways to promise Britain a customs deal that could stretch Brussels’ Brexit red lines but might break a deadlock over the Irish border, EU sources close to the talks have told Reuters. Accounts of how British and EU negotiators came...

  • UK can remain in EU single market until end of 2020
    Goodwill_gesture_from_eu-_uk_can_remain_in_internal_market_until_2020 2018-10-25 19:02:53 UTC
    BERLIN (Reuters) - The European Commission has offered to allow Britain to remain in the EU customs union and internal market beyond an agreed transitional arrangement until the end of December 2020, the Frankfurter Allgemeine Zeitung reported on Tuesday. “In a goodwill gesture to Britain, the...

  • Brexit: The Irish border has become a sticking point
    Brexit-_the_irish_border_has_become_a_sticking_point 2018-10-15 16:25:14 UTC
    LUXEMBOURG (AP) — Britain and the European were still both refusing to blink Monday over the question of the Irish border in Brexit talks — only two days ahead of a summit once seen as the moment when they would have to reach deal on Britain’s divorce from the bloc. A flurry of diplomatic meet...

  • US Stock Markets In A Free Fall
    Us_stock_markets_in_a_free_fall 2018-10-11 21:54:02 UTC
    NEW YORK — The Dow Jones Industrial Average and the S&P 500 fell sharply again Thursday after both indexes on Wednesday logged their largest losses on a percentage basis since Feb. 8. The S&P 500 has closed lower for five straight days. The Nasdaq declined on Thursday, a day after the tech-hea...

  • Dominated by men: Amazon scraps tool that showed bias against women
    Dominated_by_men-_amazon_scraps_tool_that_showed_bias_against_women 2018-10-11 21:53:47 UTC
    SAN FRANCISCO (Reuters) - Amazon.com Inc’s (AMZN.O) machine-learning specialists uncovered a big problem: their new recruiting engine did not like women. The team had been building computer programs since 2014 to review job applicants’ resumes with the aim of mechanizing the search for top tal...

  • Wall Street faces worst day since February
    Dow_jones_drops_831_points 2018-10-11 21:53:35 UTC
    NEW YORK (Reuters) - Stocks on major world markets slid to a three-month low on Wednesday, with the benchmark S&P500 stock index falling more than 3.0 percent, its biggest one-day fall since February. Technology shares tumbled on fears of slowing demand, while bond yields ended lower after see...

  • Laser Trio Win Nobel Prize In Physics
    Laser_trio_win_nobel_prize_in_physics 2018-10-02 18:38:17 UTC
    STOCKHOLM/LONDON (Reuters) - A trio of American, French and Canadian scientists won the 2018 Nobel Prize for Physics on Tuesday for breakthroughs in laser technology that have turned light beams into precision tools for everything from eye surgery to micro-machining. They include the first fem...

  • California Gov. Jerry Brown signs gun control bills into law
    California_governor_jerry_brown_signed_several_gun_control_bills_into_law 2018-09-29 20:39:10 UTC
    (Reuters) - California Governor Jerry Brown signed several gun control bills into law on Friday, including one measure that raises the minimum age for buying rifles and shotguns from 18 to 21. The new laws come seven months after a gunman opened fire with a semiautomatic assault-style rifle at...

  • Low unemployment rates are inevitably followed by recessions
    Fed-_us_unemployment_rate_inevitably_could_followed_by_a_recession 2018-09-13 04:51:55 UTC
    WASHINGTON (Reuters) - U.S. Federal Reserve officials tout a decade of falling unemployment as among their major victories in fighting the economic crisis of 2007 to 2009. Now they are beginning to worry they have been too successful. When unemployment falls as low as it is currently, Boston F...

  • Ireland doesn't give UK a free-ride back-door to EU
    Ireland_doesn't_give_uk_a_free-ride_back-door_to_eu 2018-09-12 19:06:52 UTC
    BRUSSELS (Reuters) - European Union officials are working on re-drafting a sensitive Irish protocol to the draft Brexit treaty with Britain, as part of what EU negotiator Michel Barnier has called efforts to “de-dramatize” the issue and get a deal, EU officials said on Wednesday. Officials and...

  • U.S. industry groups to fight Trump's economic policies
    U.s._industry_groups_to_fight_trump's_economic_policies 2018-09-12 05:08:07 UTC
    WASHINGTON (Reuters) - After months of waging a behind-the-scenes war against President Donald Trump’s trade tariffs that have escalated far beyond what business groups once imagined, more than 60 U.S. industry groups are launching a coalition on Wednesday to take the fight public. Emergence o...

  • Florence: US Facing the Challenges of Climate Change
    Florence-_us_facing_the_challenges_of_climate_change 2018-09-12 00:11:05 UTC
    Hurricane Florence is moving relentlessly toward the Southeastern U.S. It's a large, powerful cyclone that will likely bring storm surge and high winds to coastal communities. But climate scientists say one of the biggest threats posed by Florence is rain. "Freshwater flooding poses the gre...

  • Mercedes-Benz launches 'all-electric SUV with 450 km range'
    Mercedes-benz_showcases_all-electric_suv_with_a_450_kilometer_range 2018-09-04 18:13:12 UTC
    STOCKHOLM (Reuters) - Mercedes showed on Tuesday how it is “aggressively” gunning for top spot in upscale battery cars market currently dominated by Tesla, as it unveiled the EQC, its first fully electric car, at an event in Stockholm. The event marks the start of the German onslaught against ...

  • EU: We will not let US "determine our trade policies"
    Eu-_we_will_not_let_us_%22determine_its_trade_policies%22 2018-08-31 22:46:02 UTC
    BERLIN (Reuters) - The European Union will respond in kind if U.S. President Donald Trump reneges on his pledge not to impose car tariffs, European Commission President Jean-Claude Juncker said as trade tensions between Europe and the United States rose again. Juncker told German broadcaster Z...