Economy

  • Trump Isolated at G7 Summit, "Six against One"
    Trump_isolated_at_g7_talks__%22six_against_one%22 2017-05-27 17:30:33 UTC
    TAORMINA, ITALY — Trump's isolationism is his first great export, and Italy could be first in line. The summit of Group of Seven wealthy nations pitted Trump against the leaders of Germany, France, Britain, Italy, Canada and Japan on several iss...
  • "America First" might turn out to be rather lonely
    %22america_first%22_might_turn_out_to_be_rather_lonely 2017-05-28 09:02:33 UTC
    At the NATO summit in Brussels, US President Donald Trump acted like a diplomatic bully. He arrived late, then shoved the Montenegrin prime minister aside to ensure his place in the front row. He turned what was planned as a short ceremonial addre...
  • Trump causes deep divisions with G7 leaders over trade, migration and climate
    Trump_causes_deep_divisions_with_g7_leaders_over_trade__migration_and_climate 2017-05-26 17:42:42 UTC
    TAORMINA, ITALY — Leaders from the world's major industrialized nations began talks on Friday at a G7 summit in Sicily which is expected to expose deep divisions with U.S. far-right nationalist President Donald Trump over trade and climate change....
  • TPP agreed to move the trade deal forward without U.S.
    Tpp_agreed_to_move_the_trade_deal_forward_without_u.s. 2017-05-21 04:56:58 UTC
    Countries in the Trans-Pacific Partnership (TPP) agreed on Sunday to explore ways to move the trade deal forward after U.S. President Donald Trump's pulled out in his switch to an "America First" policy. The so-called TPP-11 countries held thei...
  • Mexico to import record amount of corn from Brazil instead US
    Mexico_to_import_record_amount_of_corn_from_brazil_instead_us 2017-05-19 07:08:25 UTC
    MEXICO CITY — Mexico expects to import a record amount of yellow corn from Brazil this year after its livestock producers secured lower prices in deals with suppliers on a recent visit to South America as NAFTA talks loom, a Mexican official said ...
  • Ford plans to shrink its salaried workers in US by 3000
    Ford_plans_to_shrink_its_salaried_workers_in_us_by_3000 2017-05-16 06:32:03 UTC
    WASHINGTON/DETROIT — U.S. far-right nationalist President Donald Trump promised: "Car companies coming back to U.S. JOBS! JOBS! JOBS!" Now Ford plans to shrink its salaried workforce in North America and Asia by about 10 percent as it works t...
  • France and Germany to work on a roadmap for the EU
    France_and_germany_to_work_on_a_roadmap_for_the_eu 2017-05-15 20:25:01 UTC
    BERLIN — Chancellor Angela Merkel chose to accentuate the positive ahead of her meeting with new French President Emmanuel Macron, a 39-year-old former investment banker who beat an ally from the US far-right nationalist President Donald Trump, Ma...
  • China calls for closer cooperation across Asia and Europe
    China_calls_for_closer_cooperation_across_asia_and_europe 2017-05-14 08:05:05 UTC
    BEIJING — Chinese President Xi Jinping called Sunday for closer cooperation across Asia and Europe in areas from anti-terrorism to finance, as leaders from 29 countries gathered to promote a Chinese trade initiative. He pledged $124 billion on...
  • G7 countries made it clear they do not share US Trump's view
    G7_countries_made_it_clear_they_do_not_share_us_trump's_view 2017-05-13 16:32:48 UTC
    BARI, ITALY — Europe and Japan showed they remained worried about Washington's new policy. U.S. Treasury Secretary Steven Mnuchin said the United States reserved the right to be protectionist if it thought trade was not free or fair. "We do ...
  • General Electric: We're very supportive of NAFTA
    General_electric-_we're_very_supportive_of_nafta 2017-05-12 19:35:46 UTC
    MONTERREY, MEXICO — General Electric Co's chief executive on Friday praised Mexico as a big part of its future growth and said the company is "very supportive" of the North American Free Trade Agreement (NAFTA) that U.S. far-right nationalist Pres...
  • Warning directed at Trump: Mexico outlines plans for alternatives on trade
    Warning_directed_at_trump-_mexico_outlines_plans_for_alternatives_on_trade 2017-05-12 18:44:03 UTC
    In the warning directed at the U.S. far-right nationalist President Donald Trump, Mexican Economy Minister Ildefonso Guajardo, outlines plans for alternatives on trade. He sent a stark message to Trump, saying an upcoming visit by Mexican offic...
  • California Leads U.S. Economy, Away From Trump
    California_leads_u.s._economy__away_from_trump 2017-05-12 05:13:22 UTC
    <blockquote><h3><i>Whatever the president says, this state does the opposite. It's working.</h3></i> To justify his executive orders nullifying policies protecting people from climate change, hazardous working conditions and persecution because...
  • NY Fed: Trump's protectionism is a "dead end"
    William_dudley__ny_fed_trump's_protectionism_is_a_dead_end 2017-05-11 21:41:20 UTC
    William Dudley, head of the New York Fed and one of the most influential Federal Reserve officials said on Thursday in the central bank's strongest defense yet of open borders in the face of a skeptical Trump administration, trade protectionism is...
  • German's Aldi is going to beat the largest US retailer at its own game
    German's_aldi_is_going_to_beat_the_largest_us_retailer_at_its_own_game 2017-05-11 06:57:56 UTC
    German grocery chain Aldi is going to beat the largest US retailer at its own game: low prices. Already with 1,600 U.S. stores, Aldi’s internal studies show its prices are 21 percent lower than its lowest-priced rivals, including Wal-Mart Store...
  • Euro Gets Stronger Against The Dollar After French Election
    Euro_gets_stronger_against_the_dollar_after_french_election 2017-05-08 05:12:15 UTC
    The euro pulled away from highs hit early in the Asian session on Monday as investors took profits from its gains after centrist Emmanuel Macron's victory over the far-right Marine Le Pen in France's presidential election. Macron's resounding d...
  • Canada is considering duties on some exports from U.S.
    16825_justin_trudeau_seeks_to_avoid_potential_u.s._-_canada_trade_war 2017-05-07 06:38:44 UTC
    By David Ljunggren | OTTAWA — Canada struck back at the United States over a lumber dispute, threatening to ban shipments of U.S. thermal coal from Pacific ports and suggesting sanctions against products from Oregon. Liberal Prime Minister Just...
  • America's Bad Health Care System Is Getting Worse
    America's_bad_health_care_system_is_getting_worse 2017-05-05 01:42:08 UTC
    WASHINGTON — GOP House majority approved a bill to repeal Obamacare, which enabled 20 million more Americans to get health insurance. Democrats say it would make insurance unaffordable for those who need it most and leave millions more uninsur...
  • The U.S. Doesn't Have the Money to Build Trump's Wall
    The_us_doesn't_have_the_money_to_build_trump's_wall 2017-05-01 06:03:18 UTC
    U.S. Congress would not provide any money for Trump's promised border wall with Mexico, Several important White House initiatives were rejected by the Republican and Democratic negotiators, including money for a wall on the U.S.-Mexico border t...
  • Germany: Greece Has Made Strong Reforms Progress
    Germany-_greece_has_made_strong_reforms_progress 2017-04-30 06:41:34 UTC
    German Finance Minister Wolfgang Schaeuble was quoted in a newspaper interview on Sunday saying that Greece has made strong progress toward introducing reforms that could lead to the imminent release of further financial support. "If the Greek ...
  • Trump's Nonsense Economic Plan Doesn't Work With Simple Math
    Trump's_nonsense_economic_plan_doesn't_work_with_simple_math 2017-04-29 15:27:27 UTC
    WASHINGTON — The U.S. could seek to renegotiate NAFTA (North American Free Trade Agreement), but it’s unclear what Trump wants from Mexico and Canada. There are currently no tariffs on goods traded in North America. The U.S. also could withdraw fr...
  • German Economy Booms Despite U.S. Protectionism Anarchy
    German_economy_booms_despite_u.s._protectionism_anarchy 2017-04-28 15:54:29 UTC
    By Michael Nienaber | HAMBURG, GERMANY — When port manager Axel Mattern looks out onto the Elbe River from his office in Hamburg's historic warehouse district, he can literally count the rising number of container ships leaving Germany's biggest h...
  • Public records shows how Trump is using pension funds to enrich himself
    Trump_soho_hotel_scandal 2017-04-26 18:37:14 UTC
    By Julia Harte | WASHINGTON — Public pension funds in at least seven U.S. states have invested millions of dollars in an investment fund that owns a New York hotel and pays one of President Donald Trump's companies to run it, according to a Reuter...
  • Trump's Tax Plan With Big Cuts For Businesses Like His
    Trump's_tax_plan_with_big_cuts_for_business_like_his 2017-04-26 18:33:19 UTC
    WASHINGTON — Trump proposed slashing the U.S. tax rate on corporate and pass-through business profits to 15 percent from 35 percent or more, while also offering tax cuts to average Americans in a rough outline of his tax policy goals. A one-pag...
  • Judge Blocks Trump Order to Withhold Money From Sanctuary Cities
    Judge_blocks_trump_order_to_withhold_money_from_sanctuary_cities 2017-04-25 22:52:37 UTC
    SAN FRANCISCO — A federal judge in San Francisco blocked the Trump administration’s efforts to withhold funding from cities that limit their cooperation with federal immigration enforcement, another setback for President Trump in what is shaping u...
  • Trudeau vows to stand up for Canadian interests against Trump
    Justin_trudeau_rejected_trump's_rhetoric_over_canadian_dairy_industry 2017-04-25 17:13:52 UTC
    OTTAWA — Prime Minister Justin Trudeau vowed to stand up for Canadian interests on Tuesday after the U.S. imposed new tariffs on softwood lumber and trade tensions between the two countries escalated, sending the Canadian dollar to a 14-month low....