U.S housing starts surge in December; jobless claims near 43-year low
2017-01-19 17:21:57 UTC
Washington (Reuters) - U.S. homebuilding rebounded more than expected in December as a strengthening economy boosts demand for rental housing.
Other data on Thursday showed the number of Americans filing for unemployment benefits unexpectedly f...
EU preparing for Greek aid without the International Monetary Fund (IMF)
2017-01-18 08:36:01 UTC
German Finance Minister Wolfgang Schaeuble is preparing for a continuation of aid for Greece without the involvement of the International Monetary Fund (IMF), Germany's Bild newspaper reported on Wednesday.
Talks between Athens and foreign lend...
Globalization not to blame for world's ills: China's Xi
2017-01-18 08:13:17 UTC
"No one will win from a trade war," says Xi.
Economic globalization has become a "Pandora's Box" for many, but global problems are not caused by it, Chinese President Xi Jinping said on Tuesday.
Xi told the World Economic Forum in Davos, Sw...
UK wants to make a success of Brexit and build a truly global Britain
2017-01-18 04:08:35 UTC
May rejects 'partial' EU membership in Brexit speech.
Addressing an audience including foreign ambassadors in central London, Prime Minister Theresa May has finally outlined what Brexit really means for her: Britain going it alone, fully disent...
Germany Schools Trump On Trade - “Build Better Cars”
2017-01-16 12:40:29 UTC
Berlin has mounted a staunch defence of its policies after Donald Trump criticised the German chancellor, Angela Merkel, for her stance during the refugee crisis and threatened a 35% tariff on BMW cars imported into the US.
Germany’s deputy cha...
The danger of Trump's economic policies
2017-01-18 04:07:30 UTC
Protectionism has a certain appeal in every age and every nation, because of what we might call a piece of faulty wiring in the human brain. Our instincts were evolved on the savannahs of Pleistocene Africa. We have an ingrained tendency to ...
Trump: Brexit is going to end up being a great thing
2017-01-18 04:07:21 UTC
Trump promised he would offer the United Kingdom a trade deal within weeks of taking office to help make Brexit a "great thing,” in a joint interview published on Sunday with German tabloid newspaper "Bild" and British newspaper "The Times of Lon...
German Chancellor Angela Merkel warns Trump about dangers of protectionism
2017-01-16 12:45:12 UTC
Industries across the euro zone cranked up output in 2016 and Germany ended the year with its strongest growth in five years.
German Chancellor Angela Merkel urged the United States to stick to multilateral cooperation, and warned that US Presi...
Trump and Republicans on their way to Destroy the Affordable Care Act
2017-01-14 08:15:47 UTC
By Richard Cowan and Susan Cornwell | WASHINGTON
U.S. House Republicans on Friday won passage of a measure starting the process of dismantling Obamacare, despite concerns about not having a ready replacement and the potential financial cost of re...
Germany and EU economy ended the year with its strongest growth
2017-01-16 04:30:35 UTC
By Francesco Guarascio | BRUSSELS
Industries across the euro zone cranked up output in November and Germany ended the year with its strongest growth in five years, data showed on Thursday, pointing to an economic spurt that may be arriving earlie...
UK has no chance for full access to the EU after Brexit
2017-01-12 00:52:19 UTC
By Andrew MacAskill and Huw Jones | LONDON (Reuters)
Britain's finance industry has given up on efforts to keep full access to the European Union after Brexit and is pushing instead for a more limited trade deal that would potentially exclude som...
Germany: No 'Europe a la Carte' deal for Britain
2017-01-12 00:52:00 UTC
BERLIN (Reuters) - The top priority in Brexit negotiations for the 27 countries remaining in the European Union must be to hold the bloc together, even if this means they suffer one-off economic hits, Germany's Social Democrats (SPD) said in a pol...
Justin Trudeau seeks to avoid potential U.S.- Canada trade war
2017-01-09 21:49:47 UTC
(Reuters) - Senior Canadian officials have met several times with advisers to U.S. President-elect Donald Trump in Washington in an effort to avert a possible trade war once he takes office this month, the Globe and Mail newspaper said on Monday.
Senate Majority Leader Mitch McConnell wants to act on Obamacare repeal by the end of the week
2017-01-09 01:43:19 UTC
WASHINGTON (Reuters) - The U.S. Senate will take its first steps toward repealing President Barack Obama's signature healthcare reform act by the end of the week, Republican Senate Majority Leader Mitch McConnell said on Sunday.
Speaking on CBS...
Brexit ‘catastrophe’: UK at risk, warns Canadian trade expert
2017-01-08 10:16:56 UTC
UK-EU trade deal could take years after 'catastrophic' Brexit vote, expert warns.
Renegotiating a trade deal with the European Union could take the UK up to a decade to finalise after its "potentially catastrophic" decision to leave the bloc, a...
Repeal of Obama's Affordable Care Act, will place a heavy financial toll on millions of older Americans
2017-01-14 07:27:08 UTC
Column: Older Americans at risk as Congress takes ax to Obamacare.
CHICAGO (Reuters) - Anyone nearing retirement - or already retired - should pay very close attention to the doings of the 115th Congress that was sworn in this week.
House Republicans obey President-elect Trump's tweet
2017-01-04 02:23:54 UTC
WASHINGTON (Reuters) - The Republican-led U.S. Congress had a rough start to its first session of the Donald Trump era on Tuesday after the House of Representatives had to backtrack on a decision to defang an ethics watchdog following a public out...
President Obama Announces Sanctions Against Russia
2016-12-30 05:36:40 UTC
For the U.S. President-elect Donald Trump, the real culprit isn’t the Russian president or his hackers. It’s computers and technology.
“I think we ought to get on with our lives,” Trump said Wednesday, according to the pool report.
“I think t...
Texas moves to cut Medicaid funding for Planned Parenthood
2016-12-22 05:23:40 UTC
By Jon Herskovitz | AUSTIN, TEXAS
Texas plans to block about $3 million in Medicaid funding for Planned Parenthood operations in the state, a legal document obtained on Wednesday showed, a move the reproductive healthcare group said could affect ...
Fast-food Restaurants CEO to head Trump's Labor Department
2016-12-08 19:24:29 UTC
WASHINGTON (Reuters) - President-elect Donald Trump will name fast-food executive Andy Puzder to head the U.S. Department of Labor, according to a source familiar with the matter, in an appointment likely to antagonize organized labor.
Toyota to expand hybrid system development to further cut emissions
2016-12-06 08:25:59 UTC
(Reuters) - Toyota Motor Corp on Tuesday said it would expand the development of its gasoline-hybrid technology over the next five years to speed up the introduction of lower-emission engines in the face of stricter global emissions standards.
North Dakota: Victory for Native Americans and climate activists
2016-12-05 05:00:23 UTC
CANNON BALL, N.D./WASHINGTON (Reuters) - The U.S. Army Corps of Engineers said on Sunday it turned down a permit for a controversial pipeline project running through North Dakota, in a victory for Native Americans and climate activists who have pr...
UK High Court: No Brexit without parliament approval
2016-11-03 13:45:06 UTC
England's High Court ruled on Thursday that the British government requires parliamentary approval to trigger the process of exiting the European Union, upsetting Prime Minister Theresa May's Brexit plans.
The government said it would appeal ag...
Asia stocks, dollar slip amid U.S. election tension
2016-11-03 04:50:54 UTC
Asia shares joined the U.S. dollar on the defensive on Thursday as the nail-biting U.S. presidential race saw the S&P 500 suffer its longest losing streak in five years as investors sailed to safer harbors.
Tensions were aggravated by media rep...
Bank of England Governor Carney ready to serve full term
2016-10-31 08:29:05 UTC
Bank of England Governor Mark Carney is leaning towards deciding to serve a full eight-year term, despite critics calling for him not to extend his time in charge of the British central bank, according to news reports.
Carney, who has come unde...