Economy

  • Steady and strong: German economy picking up more steam
    German_economy_picking_up_more_steam_than_expected 2018-08-14 07:07:13 UTC
    BERLIN (Reuters) - The German economy picked up more steam than expected in the second quarter, driven by higher household and state spending, preliminary data showed on Tuesday. Gross domestic product in Europe’s biggest economy expanded by 0....
  • China takes over project in world’s biggest natural gas reserves in Iran
    China_takes_over_project_in_world%e2%80%99s_biggest_natural_gas_reserves_in_iran 2018-08-11 18:21:26 UTC
    Reuters - China’s state-owned energy major CNPC has taken over the share in Iran’s multi-billion dollar South Pars gas project held by France’s Total, the Iranian state news agency IRNA reported on Saturday. Total signed a contract in 2017 to d...
  • Impact of escalating trade tensions between US and China
    Impact_of_escalating_trade_tensions_between_us_and_china 2018-08-08 18:14:42 UTC
    (Reuters) - U.S. companies are putting in place measures to cushion the impact of escalating trade tensions between the United States and China. The world’s two largest economies have already imposed tariffs on $34 billion worth of each other’s...
  • China slaps additional tariffs of 25 percent on $16 billion US imports
    China_slaps_additional_tariffs_of_25_percent_on__16_billion_us_imports 2018-08-08 17:44:20 UTC
    BEIJING/WASHINGTON (Reuters) - China is slapping additional tariffs of 25 percent on $16 billion worth of U.S. imports from fuel and steel products to autos and medical equipment, the Chinese commerce ministry said, as the world’s largest economie...
  • Trump’s ‘unmitigated crap’ on California wildfires
    Trump%e2%80%99s_%e2%80%98unmitigated_crap%e2%80%99_about_wildfires_ 2018-08-07 21:23:33 UTC
    U.S. President Donald Trump has weighed in on the California wildfires. But it wasn’t to express condolences for the victims or to praise the incredible bravery of firefighters — it was to try to score political points. And he did so by badly t...
  • EU raises concerns over new US move on Iran
    Eu_raises_concerns_over_new_us_move_on_iran 2018-08-06 17:59:19 UTC
    WASHINGTON (Reuters) - The Trump administration expects economic sanctions that it is re-imposing on Iran this week to further cripple the Iranian economy and will aggressively enforce the measures, senior U.S. administration officials said on Mon...
  • Jobs boom in San Francisco, Seattle and Houston, not in Trump strongholds
    Jobs_boom_favors_san_francisco__seattle_or_houston__not_trump_strongholds 2018-08-06 03:46:51 UTC
    MONACA, Pennsylvania (AP) — The United States is on pace to add about 2.6 million jobs this year under President Donald Trump’s watch. Yet the bulk of the hiring has occurred in bastions of Democratic voters rather than in the Republican counties ...
  • Apple became the first $1 trillion listed US company
    Apple_became_the_first__1_trillion_publicly_listed_us_company 2018-08-02 18:06:54 UTC
    SAN FRANCISCO (Reuters) - Apple became the first $1 trillion publicly listed U.S. company on Thursday, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it from a niche player in personal computers into a global powerhou...
  • British car makers and consumers would suffer from "No-Deal" Brexit
    British_car_makers_and_consumers_would_suffer_from_%22no-deal%22_brexit 2018-07-31 02:14:06 UTC
    LONDON (Reuters) - A no-deal Brexit is not an option for Britain’s car industry, given the costs and disruption that carmakers and consumers would suffer, the head of the country’s automobile industry group said on Tuesday. Mike Hawes, chief ex...
  • Plunge in Facebook shares rattled Amazon options market
    Plunge_in_facebook_shares_rattled_amazon_options_market 2018-07-26 18:56:45 UTC
    SAN FRANCISCO/NEW YORK (Reuters) - A plunge in Facebook Inc shares rattled the Amazon.com Inc options market on Thursday, with the social network’s fellow FAANG company due to report quarterly results later in the day. Facebook on Wednesday war...
  • Americans fleecing their savings and piling up debt
    Americans_fleecing_their_savings_and_piling_up_debt 2018-07-23 17:42:08 UTC
    REUTERS — Despite roaring job growth and consumer spending, the U.S. economy is bolstered in large part by the poorer half of Americans fleecing their savings and piling up debt. A Reuters analysis of U.S. household data shows that the bottom 6...
  • Hostile rhetoric between Trump and Tehran escalating
    Hostile_rhetoric_between_trump_and_rouhani_escalated 2018-07-23 16:27:09 UTC
    Hostile rhetoric between Washington and Tehran escalated on Sunday after a tit-for-tat between Trump and his Iranian counterpart, Hassan Rouhani. U.S. President Donald Trump told Iran it risked dire consequences “the like of which few throug...
  • EU to protect oil exports & firms from US sanctions on Iran
    Eu_to_protect_oil_exports_and_firms_from_us_sanctions_on_iran 2018-07-17 21:13:17 UTC
    The Iran nuclear agreement marked its third anniversary in a gloomy state. Despite repeated attempts to keep him on board, US President Donald Trump withdrew the United States from the deal – signed on July 14, 2015 under the formal title the Join...
  • Ireland to Boycott Israeli 'Occupied Territories' Goods
    Ireland_to_boycott_israeli_'occupied_territories'_goods 2018-07-15 20:23:57 UTC
    DUBLIN — On July 12, the Irish Senate, known as the Seanad Éireann, passed a bill to prohibit the import and sale of goods, services, and natural resources, originating from “illegal settlements in occupied [Palestinian] territories.” The ban woul...
  • Trump brought his chaotic style of governing to the NATO summit
    Trump_brought_his_chaotic_style_of_governing_to_the_nato_summit 2018-07-12 18:00:08 UTC
    U.S. President Donald Trump brought his chaotic style of governing to the NATO summit in Brussels on Wednesday and Thursday, irritating and befuddling allies with charges and jibes before declaring success for convincing his counterparts to pay mo...
  • Germany and China standing together against US protectionism
    Germany_and_china_standing_together_against_us_protectionism 2018-07-09 21:02:43 UTC
    BERLIN (Reuters) - Germany and China signed a raft of commercial accords worth some 20 billion euros ($23.5 billion) on Monday, with their leaders reiterating commitments to a multilateral global trade order despite a looming trade war with the Un...
  • Trade war: China accuses US of “opening fire”
    China_warns_us___n-korea_not_let_the_situation_get_to_an_irreversible_stage 2018-07-05 16:53:07 UTC
    BEIJING/WASHINGTON (Reuters) - China accused the United States on Thursday of “opening fire” on the world with tariffs set to take effect on Friday, warning that it will respond the moment that duties on $34 billion in Chinese goods kick in. U....
  • World Trade Organization rules in favor of Canada against US
    World_trade_organization_rules_in_favor_of_canada_against_us 2018-07-05 16:28:20 UTC
    GENEVA (Reuters) - Canada won the bulk of a ruling at the World Trade Organization on Thursday in a dispute over U.S. duties on Canadian exports of supercalendered paper, which is used in glossy magazines and catalogues. Canada filed the compla...
  • Volkswagen offers carsharing service with electric vehicles
    Vw_to_spend__800_million_in_california_and_a_total_of__2_billion_nationwide_on_clean_car_infrastructure 2018-07-04 19:11:31 UTC
    FRANKFURT (Reuters) - Volkswagen plans to start offering car sharing services using fully electric vehicles in German cities next year as part of efforts to serve consumers who don’t want to buy their own vehicles. Its offering will compete in...
  • Trump’s “tariffs would result in loss of hundreds of thousands of American jobs”
    Untitled 2018-06-27 22:59:23 UTC
    WASHINGTON (Reuters) - Two major auto trade groups on Wednesday warned the Trump administration that imposing up to 25 percent tariffs on imported vehicles would cost hundreds of thousands of auto jobs, dramatically hike prices on vehicles and thr...
  • Harley-Davidson move shows consequences of Trump's trade war
    Harley-davidson_move_shows_consequences_of_trump's_trade_war 2018-06-27 00:38:30 UTC
    WASHINGTON/CHICAGO (Reuters) - U.S. President Donald Trump threatened Harley-Davidson Inc with higher taxes on Tuesday and said the motorcycle maker, which he previously hailed as a model of American manufacturing, would suffer from a public backl...
  • EU will respond if Trump impose tariffs on European cars
    Eu_will_respond_if_trump_impose_tariffs_on_european_cars 2018-06-23 22:13:42 UTC
    PARIS (Reuters) - The European Union will respond to any U.S. move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest comments in an escalating trade row. U.S. President Donald Trump on Friday thre...
  • California Democrat plays audio of children crying in detention center
    California_democrat_played_audio_of_children_crying_in_a_detention_center 2018-06-23 06:04:50 UTC
    Washington — Temporarily presiding over the U.S. House on Friday, U.S. Rep. Karen Handel, R-Roswell, found herself injected into the debate over family separation when U.S. Rep. Ted Lieu, a California Democrat, refused to turn off a ProPublica rec...
  • Tesla to close 14 solar facilities, cut jobs
    Tesla_to_close_14_solar_facilities__cuts_jobs 2018-06-22 04:44:58 UTC
    SAN FRANCISCO (Reuters) - Electric car maker Tesla Inc’s move last week to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal, according to three interna...
  • Poll: 70 percent of Canadians boycott U.S. products
    70_percent_of_canadians_boycott_u.s._products 2018-06-16 07:43:47 UTC
    OTTAWA (Reuters) - Seventy percent of Canadians say they will start looking for ways to avoid buying U.S.-made goods in a threat to ratchet up a trade dispute between Prime Minister Justin Trudeau and U.S. President Donald Trump, an Ipsos Poll sho...