Economy

  • Mexico puts tariffs on products from key Republican congressional districts
    Mexico_puts_tariffs_on_products_from_key_republican_congressional_districts 2018-06-07 02:50:01 UTC
    WASHINGTON/MEXICO CITY (Reuters) - Mexican tariffs are roiling U.S. congressional campaigns in states where U.S. exporters could take a hit and President Donald Trump’s Republicans face tough races in November congressional elections. Mexico announced the levies this week in retaliation to Tru...

  • Renowned Economist: No one express “a single word of respect for Trump”
    Renowned_economist-_no_one_express_%e2%80%9ca_single_word_of_respect_for_trump%e2%80%9d 2018-06-02 15:51:31 UTC
    American economist Jeffrey Sachs has written a scathing takedown of President Donald Trump, calling him a delusional, psychopathic “threat to the nation and the world.” He might be a “Manchurian Candidate” who is working as a “stooge” for some foreign power to destroy the U.S., Sachs wrote on ...

  • United States completely isolated itself at G7 meeting
    United_states_completely_isolated_itself_at_g7_meeting 2018-06-01 19:03:28 UTC
    WASHINGTON/WHISTLER, British Columbia (Reuters) — U.S. isolated at G7 meeting as tariffs prompt retaliation. At a meeting of the Group of Seven top world economic powers in Canada, France’s Finance Minister Bruno Le Maire castigated the United States for its tariffs, saying Washington was isol...

  • France: The American consumer will pay for Trump's tariffs bill
    France-_the_american_consumer_will_pay_for_trump's_tariffs_bill 2018-06-01 05:26:35 UTC
    PARIS (Reuters) - U.S. trade tariffs on European metals exports are unjustified and will be met with a proportionate and calibrated EU response, the French government said on Thursday. “Today, France and the EU disapprove, of course, these measures. We are getting ready to put in place safegua...

  • EU, Canada, Mexico announce retaliatory measures against US products
    Eu__canada__mexico_announce_retaliatory_measures_against_us_products 2018-06-01 00:35:36 UTC
    WASHINGTON/PARIS (Reuters) - Canada and Mexico retaliated against the United State’s decision on Thursday to impose tariffs on steel and aluminum imports and the European Union had its own reprisals ready to go, reigniting investor fears of a global trade war. The tariffs, announced by U.S. Co...

  • Wall Street stocks: Dow Jones falls nearly 400 points
    Wall_street_stocks-_dow_jones_falls_nearly_400_points 2018-05-29 21:41:34 UTC
    NEW YORK (Reuters) - A spiraling Italian political crisis provoked a global stock market sell-off on Tuesday, cut the euro to a 10-month low and spiked borrowing costs for the government in Rome. Investors fear that repeat elections - which now seem likely in the euro zone’s third-largest econ...

  • EU privacy law: Companies to be more attentive to user data
    Eu_privacy_law-_companies_to_be_more_attentive_to_customer_data 2018-05-25 06:40:19 UTC
    BRUSSELS (Reuters) - New European privacy regulations that go into effect on Friday will force companies to be more attentive to how they handle customer data, while bringing consumers both new ways to control their data and tougher enforcement of existing privacy rights. The European Union Ge...

  • T-Mobile, operated by Germany's Deutsche Telekom, to buy Sprint for $26 billion
    T-mobile__operated_by_germany's_deutsche_telekom__to_buy_sprint_for__26_billion 2018-04-29 18:11:58 UTC
    T-Mobile agreed to acquire Sprint in an all-stock deal for $26 billion that will combine the third and fourth largest U.S. wireless carriers and is expected to attract regulatory scrutiny. The agreement caps four years of on- and off- talks between the companies, setting the stage for the crea...

  • European powers seek to save Iran nuclear agreement
    European_powers_seek_to_save_iran_nuclear_agreement 2018-04-29 18:02:16 UTC
    LONDON (Reuters) - The leaders of Britain, France and Germany have agreed the Iran nuclear deal is the best way of stopping Tehran from gaining nuclear weapons, British Prime Minister Theresa May’s office said in a statement on Sunday. May had phone calls with French President Emmanuel Macron ...

  • EU and Mexico reached agreement on free trade deal
    Eu_and_mexico_reached_agreement_on_a_free_trade_deal 2018-04-22 17:58:44 UTC
    BRUSSELS (Reuters) - German Chancellor Angela Merkel on Sunday welcomed an agreement reached between the European Union and Mexico on a new free trade deal, a coup for both parties in the face of increased protectionism from the United States under President Donald Trump, saying it would benefit ...

  • Merkel and Macron seeking a joint proposal on EU reforms
    Merkel_and_macron_seeking_a_joint_proposal_on_eu_reforms 2018-04-18 23:46:24 UTC
    BERLIN (Reuters) - The leaders of Germany and France meet on Thursday to try to work out a common position on reforming the euro zone, a sensitive issue that is testing the new government in Berlin just a month after it took office. Chancellor Angela Merkel, who hosts President Emmanuel Macron...

  • China asks EU to stand together against US protectionism
    China_asks_eu_to_stand_together_against_us_protectionism 2018-04-17 17:12:37 UTC
    BEIJING/BRUSSELS (Reuters) - China’s international trade representative held a series of meetings with the ambassadors from major European nations last week to ask them to stand together with Beijing against U.S. protectionism, according to four sources familiar with the discussions. Some of t...

  • Why is Germany's dual education system coveted?
    Why_is_germany's_dual_education_system_coveted 2018-04-06 22:04:13 UTC
    The German economy is powered by products sold the world over. The strength of Europe's powerhouse depends on outbound shipments. We take a look at one of its latest exports and reveal the secrets behind its success. Charlotte Falke creates technical drawings of power plant generators. The 23-...

  • Trump playing a game of chicken with US economy
    Trump_playing_a_game_of_chicken_with_us_economy 2018-04-06 20:08:51 UTC
    BEIJING/WASHINGTON (Reuters) - China warned on Friday it was fully prepared to respond with a “fierce counter strike” of fresh trade measures if the United States follows through on President Donald Trump’s threat to slap tariffs on an additional $100 billion of Chinese goods. Trump, in light ...

  • China increased tariffs by up to 25 percent on 128 US goods
    China_increased_tariffs_by_up_to_25_percent_on_128_us_products 2018-04-02 06:29:23 UTC
    BEIJING (Reuters) - China has increased tariffs by up to 25 percent on 128 U.S. products including frozen pork, wine and certain fruits and nuts, escalating a spat between the world’s biggest economies in response to U.S. duties on imports of aluminum and steel. The tariffs, to take effect on ...

  • California Judge Rules Coffee Sellers Should Post Cancer Warnings
    California_judge_says_coffee_sellers_should_post_cancer_warnings 2018-03-30 08:53:52 UTC
    LOS ANGELES (AP) — Scientists haven’t rendered a verdict on whether coffee is good or bad for you but a California judge has. He says coffee sellers in the state should have to post cancer warnings. The culprit is a chemical produced in the bean roasting process that is a known carcinogen and ...

  • Repeal the Second Amendment, Retired Supreme Court Justice Says
    Repeal_the_second_amendment 2018-03-27 19:09:32 UTC
    Retired Supreme Court Justice John Paul Stevens, responding to this past weekend's March For Our Lives in several cities, is proposing what some might call a radical solution to prevent further gun violence — repealing the Second Amendment. In an op-ed in Tuesday's New York Times, the 97-year-...

  • Trump signs spending bill that "nobody read it"
    Trump 2018-03-23 18:45:02 UTC
    WASHINGTON (Reuters) - U.S. President Donald Trump signed Congress’ newly passed $1.3 trillion spending bill on Friday, ending suspense over a surprising threat he made hours earlier to veto the budget and shut down the federal government. In the latest episode of the Republican president thro...

  • European Union economy is performing at its best level
    Time_for_european_visionary_leadership_with_france_and_germany_at_its_heart 2018-03-23 17:37:32 UTC
    BRUSSELS (Reuters) - The euro zone’s economy is performing at its best level yet, European Council President Donald Tusk told reporters on Friday, calling for EU leaders to consider reforms. “We are experiencing the most favorable situation since the introduction of the euro, which makes this ...

  • European Union: It is not clear what Trump wants
    Eu_tells_us_president__you're_wrong_trade_wars_are_'easy_to_lose' 2018-03-23 16:29:14 UTC
    BRUSSELS (Reuters) - The European Union’s trade chief is unsure what Washington wants in return for a permanent EU exemption from steel tariffs but she warned on Friday that she would resist pressure to cut EU duties on U.S. cars. European Trade Commissioner Cecilia Malmstrom, who will lead ne...

  • Trump sets China tariff plan, Dow plummets 720 points
    Trump_sets_china_tariff_plan__dow_plummets_720_points 2018-03-22 20:30:02 UTC
    WASHINGTON (Reuters) - Global stocks had sold off on Thursday on the expectation of tough action from Trump, with U.S. markets down as much as 2.93 percent, plummets 724.42 points. The Dow and Nasdaq stock indexes had fallen as much as 2 percent while the benchmark S&P was down as much as 1.85...

  • Trans-Atlantic under Trump is worse than it has been in decades
    Trans-atlantic_under_trump_is_worse_than_it_has_been_in_decades 2018-03-22 07:36:03 UTC
    From nationalism to NATO spending, the trans-Atlantic relationship under US President Donald Trump is worse than it has been in decades. But, note practitioners and scholars, it doesn't have to stay that way. No American president in recent memory has been as dismissive and at times as openly ...

  • Chinese carmaker Geely's profit more than doubled in 2017
    Chinese_carmaker_geely's_profit_more_than_doubled_in_2017 2018-03-21 07:58:51 UTC
    SHANGHAI (Reuters) - Chinese carmaker Geely Automobile Holdings Ltd, whose chairman recently took a $9 billion stake in Germany’s Daimler AG, said on Wednesday its profits more than doubled in 2017, driven by strong domestic sales of popular SUVs. The automaker, based in the eastern Chinese ci...

  • China pushing new energy vehicles to boost its global presence
    China_pushing_new_energy_vehicles_to_boost_its_global_presence 2018-03-20 07:23:59 UTC
    SHANGHAI (Reuters) - Delegates to China’s annual meeting of parliament have urged the state to provide more policy clarity for the electric car industry and overhaul a local government subsidy program they say has distorted the market. China is aggressively pushing new energy vehicles (NEVs) n...

  • Oil Prices Rose, Lifted by a Weak Dollar
    Oil_prices_rose__lifted_by_a_weak_dollar 2018-03-20 07:11:11 UTC
    SINGAPORE (Reuters) - Oil prices rose by almost 1 percent on Tuesday, lifted by a weak dollar, tensions in the Middle East and concerns of a further fall in Venezuelan output. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $62.59 a barrel at 0656 GMT, up 53 cents, or 0.9 percent...