Economy

  • EU, the world's biggest trading bloc, seeks to set global trade rules
    Eu__the_world's_biggest_trading_bloc__seeks_to_set_global_trade_rules 2017-07-27 06:37:33 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 pull...
  • Senate rejects Obamacare repeal again, eyes 'skinny' bill
    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...
  • US automakers expect a rougher ride for the rest of the year
    Ford_plans_to_shrink_its_salaried_workers_in_us_by_3000 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 profi...
  • Russian cyber criminals: $4 billion bitcoin laundering ring
    Russian_cyber_criminals-__4_billion_bitcoin_laundering_ring 2017-07-26 17:56:41 UTC
    ATHENS/MOSCOW/NEW YORK (Reuters) - A Russian man suspected of being the anonymous mastermind behind one of the world's oldest crypto-currency exchanges and of laundering at least $4 billion has been arrested in Greece, police and sources said on W...
  • Senate advances on healthcare and votes to open debate
    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 Sena...
  • Turkish Clothing Export: The Real Trade Challenge Is Germany
    Turkish_clothing_export_the_real_trade_challenge_is_germany 2017-07-25 16:58:54 UTC
    ISTANBUL (Reuters) - Turkey's clothing sector, a main driver of its foreign sales, may miss this year's export target if a row with Germany is not resolved, a leading manufacturer said on Tuesday. Despite signs of a sales turnaround to other co...
  • Toyota long-range electric car needs just minutes for charging
    Toyota_long-range_electric_car_needs_just_minutes_for_charging 2017-07-25 04:21:56 UTC
    TOKYO (Reuters) - Toyota Motor Corp is working on an electric car powered by a new type of battery that significantly increases driving range and reduces charging time, aiming to begin sales in 2022, the Chunichi Shimbun daily reported on Tuesday....
  • Hottest Tech startups don't need venture capital money
    Hottest_tech_startups_don't_need_venture_capital_money 2017-07-24 07:00:59 UTC
    NEW YORK (Reuters) - U.S. venture capital firms lining up for a slice of the burgeoning digital currency market are grappling with a novel challenge - some of the hottest tech startups that sell the coins just don't need their money. Only a few...
  • British households' financial situation already deteriorating
    British_households'_financial_situation_already_begun_to_deteriorate 2017-07-24 03:04:56 UTC
    LONDON - U.S. president Donald Trump announced in June 2016, "I think Brexit is going to end up being a great thing." Just one year after the Brexit vote, British people are more pessimistic and worried about their uncertain future. UK hous...
  • Germany confronts Russia over Siemens turbines in Crimea
    Germany_confronts_russia_over_siemens_turbines_that_were_sent_to_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 Son...
  • EU warns of 'unintended consequences' on Russia sanctions
    U.s._democracy_threatened_by_russian_government 2017-07-22 20:26:27 UTC
    BRUSSELS (Reuters) - The European Union sounded an alarm on Saturday about moves in the U.S. Congress to step up U.S. sanctions on Russia, urging Washington to keep coordinating with its G7 partners and warning of unintended consequences. In a ...
  • Solid European economic outlook kept euro strong against dollar
    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 taperin...
  • German patience is over with Turkey's Erdogan
    German_patience_is_over_with_turkey's_erdogan 2017-07-20 16:04:36 UTC
    BERLIN (Reuters) - In comments that threatened broader economic consequences, German Foreign Minister Sigmar Gabriel said he could not advise companies to invest in a country [Turkey] without legal certainty where even completely innocent companie...
  • Obamacare repeal would leave 32 million more uninsured
    More_than_9.2_million_sign_for_obamacare 2017-07-19 22:58:36 UTC
    WASHINGTON (Reuters) - Thirty-two million Americans would lose their health insurance by 2026 if Obamacare is repealed without a replacement, the U.S. Congressional Budget Office reported late on Wednesday as President Donald Trump pushed fellow S...
  • German engineers refusing to help Putin to turn on turbines in Crimea
    German_engineers_refusing_to_help_putin_to_turn_on_turbines_in_crimea 2017-07-19 17:10:03 UTC
    MOSCOW (Reuters) - Russia outfoxed European Union sanctions by delivering gas turbines made by Germany's Siemens to the annexed Ukrainian region of Crimea. Now for the hard part, switching them on. No Russian company, according to Reuters data,...
  • Brexit EU hub: Morgan Stanley & Citigroup choosing Frankfurt
    Brexit_job_moves-_morgan_stanley_and_citigroup_choose_frankfurt 2017-07-19 16:48:26 UTC
    FRANKFURT/LONDON (Reuters) - Morgan Stanley has chosen Frankfurt to be the new base for its European Union operations as Britain prepares to leave the bloc, according to a source familiar with the matter, becoming the latest U.S. bank to pick the ...
  • Republicans in chaos over healthcare legislation
    Republicans_in_chaos_over_healthcare_legislation 2017-07-18 18:40:01 UTC
    WASHINGTON (Reuters) - Republicans in the U.S. Congress were in chaos over healthcare legislation after a second attempt to pass a bill in the Senate collapsed late on Monday. "Regretfully, it is now apparent that the effort to repeal and imme...
  • US Dollar falls to lowest level in 2017
    Us_dollar_falls_to_lowest_level_in_2017 2017-07-17 21:08:40 UTC
    NEW YORK (Reuters) - The U.S. dollar hit its lowest level against a basket of major currencies in 10 months on Monday and the Australian dollar hit a more than two-year high on strong Chinese economic data and doubts that the Federal Reserve would...
  • Angela Merkel: Brexit changed my view on Europe
    Angela_merkel-_brexit_changed_my_view_on_europe 2017-07-15 18:57:48 UTC
    ZINGST, Germany (Reuters) - German Chancellor Angela Merkel told voters on Saturday that Britain's decision to leave the European Union and France's election of President Emmanuel Macron had changed her view on the bloc, adding it was worth fighti...
  • Google Earth users will be able to post stories, video and photos
    Google_earth_users_will_be_able_to_post_stories__video_and_photos 2017-07-14 22:16:57 UTC
    RIO DE JANEIRO (Reuters) - Google wants users to post millions of stories, video and photos on its 'Google Earth' platform in the next few years, the program chief said on Tuesday at a launch event in Brazil for content focused on showcasing the A...
  • US requires all nations to provide extensive traveler data
    Us_requires_all_nations_to_provide_extensive_traveler_data 2017-07-13 23:30:12 UTC
    WASHINGTON (Reuters) - The U.S. State Department will require all nations to provide extensive data to help it vet visa applicants and determine whether a traveler poses a terrorist threat, according to a cable obtained by Reuters. Countries th...
  • German exports rose again more strongly than expected
    German_exports_rise_again_more_than_expected 2017-07-10 06:54:14 UTC
    German exports rose more strongly than expected in May, outpacing a solid increase in imports and widening the trade surplus of Europe's biggest economy, data showed on Monday. Seasonally adjusted exports climbed 1.4 percent - their fifth conse...
  • Merkel convinces fellow world leaders to support trade, energy & Africa - US isolated
    Merkel_convinces_fellow_world_leaders_to_support_trade__energy_and_africa 2017-07-08 23:24:18 UTC
    HAMBURG — Leaders from the world's leading economies broke with U.S. President Donald Trump on climate policy at a G20 summit on Saturday, in a rare public admission of disagreement and blow to multilateral cooperation. German Chancellor ...
  • Germany's Federal Crime Office has the Panama Papers
    Germany's_federal_crime_office_has_the_panama_papers 2017-07-04 17:22:23 UTC
    BERLIN — Germany's Federal Crime Office(BKA) said on Tuesday it had obtained a copy of the leaked data known as the Panama Papers that last year revealed how offshore firms are used to stash the wealth of the world's rich and powerful. Some 11....
  • US auto industry has been bracing for a downturn
    Us_auto_industry_has_been_bracing_for_a_downturn 2017-07-03 16:51:23 UTC
    The U.S. auto industry has been bracing for a downturn after hitting a record 17.55 million new vehicles sold in 2016. A glut of nearly new used vehicles poses competition for new vehicle sales and automakers have relied increasingly on high consu...