Rebuilding Iraq after war with ISIS will cost $88.2 billion
2018-02-12 10:49:21 UTC
KUWAIT (Reuters) - Rebuilding Iraq after three years of war with Islamic State will cost $88.2 billion, with housing a particularly urgent priority, Iraqi officials told an international donors’ conference on Monday.
Donors and investors have g...
German workers win right to 28-hour week and 4.3% pay rise
2018-02-12 10:19:03 UTC
Berlin — German workers have won the right to a 28-hour week in a victory towards their fight for a better work-life balance.
Industrial union IG Metall, Europe’s largest trade union, has won its workers the right to work the equivalent of unde...
Audi, VW and Porsche Develop Joint Electric Car Platform
2018-02-10 21:32:51 UTC
FRANKFURT (Reuters) - Porsche and Audi, Volkswagen’s main luxury car divisions, plan to develop a joint platform for electric vehicles that will enable them significantly cut down on costs, German newspapers quoted their chief executives as saying...
Welcome back to Bush era: The worst week for stocks since 2008 financial crisis
2018-02-09 19:13:49 UTC
The stock market is on pace for its worst week since the 2008 financial crisis.
Wall Street’s main indexes fell more than 500 points Friday afternoon, deepening losses in the past week that have put all three main U.S. markets in correction ter...
Paul: I can't look the other way by trillion-dollar deficits
2018-02-09 06:06:44 UTC
WASHINGTON (AP) — The U.S. government stumbled into a shutdown at midnight as a rogue Senate Republican blocked a speedy vote on a massive, bipartisan, budget-busting spending deal, protesting the return of trillion-dollar deficits on the watch of...
Dow Jones falls again, sending investors into a panicked frenzy
2018-02-08 17:53:50 UTC
(Reuters) - U.S. stocks turned lower in early trading on Thursday, with investors still on edge as volatility in financial markets persisted following the worst declines in more than two-and-a-half years earlier in the week.
Wall Street ran out...
California will block transportation of oil from Trump offshore drilling plan
2018-02-08 07:11:56 UTC
SACRAMENTO, Calif. (Reuters) - California will block the transportation through its state of petroleum from new offshore oil rigs, officials told Reuters on Wednesday, a move meant to hobble the Trump administration’s effort to vastly expand drill...
Britain's Hope For New Vote On Brexit
2018-02-06 21:00:28 UTC
LONDON — Brexit opponents have begun pushing for a new referendum in the hopes that British voters will have had a change of heart about leaving the European Union. That may just be so, reports Samira Shackle from London.
At the end of December...
5 Reasons the US Market Is Crashing
2018-02-06 04:38:54 UTC
Dow Jones industrials plummets with largest drop since 2011.
The US Dow Jones stock index plunged 4.6 percent Monday, in its biggest one-day percentage loss since 2011. The selloff has wiped off all its gains since the start of 2018. Asia share...
Dow Jones Worst Day Since 2011
2018-02-06 03:58:21 UTC
TOKYO (AP) — Shares tumbled in Asia on Tuesday after a wild day for U.S. markets that resulted in the biggest drop in the Dow Jones industrial average in six and a half years.
Japan’s Nikkei 225 index dropped as much as 5.6 percent in early tra...
Germany's Economy Growing Fast with Surplus
2018-02-01 22:18:01 UTC
BERLIN (Reuters) - The German government this week raised its 2018 growth forecast to 2.4 percent from 1.9 percent after bullish economic data, which could translate into added tax revenues.
That would give more leeway to increase state spendin...
EU Pledges Additional $53 Million in Aid to Palestinians
2018-01-31 20:55:32 UTC
The EU has promised an extra $53 million to Palestinians for state-building efforts. The aid comes after the US decision to withhold millions in funding from the UN agency that supports Palestinian refugees.
The European Union has pledged €42.5...
British government forecast predicts UK will suffer in every Brexit scenario
2018-01-30 18:34:42 UTC
A confidential report prepared for the British government and leaked on Monday suggests all UK industries will be hurt by leaving the European Union, Buzzfeed News reported.
The findings are the latest embarrassment for British Prime Minister T...
Tennessee City Stumped by Trump's 'America First' Tariffs on Washing Machines
2018-01-29 21:29:06 UTC
CLARKSVILLE, Tenn. (Reuters) - When President Donald Trump imposed steep tariffs on imported washing machines last week it was a “Not Again” moment for officials in this north Tennessee city that has lost jobs to an international trade dispute bef...
California will catch up globally on electric vehicle sales
2018-01-27 08:07:24 UTC
(Reuters) - California said on Friday it would ramp up efforts to boost electric vehicles even as it holds talks with the Trump administration over the fate of fuel efficiency standards through 2025.
California Governor Jerry Brown signed an ex...
Beijing tells the world to choose between China's global outlook and that of the U.S.
2018-01-27 07:52:02 UTC
DAVOS, Switzerland — China has given the world a blunt choice by asking global leaders to choose between Xi Jinping's global outlook and that of US President Donald Trump.
In a strongly worded editorial by the state's news agency, Beijing said ...
Weak US Dollar Struggles, Asian Shares Reach Record Peak
2018-01-25 07:27:10 UTC
TOKYO (Reuters) - Asian stocks hit a record high on Thursday though concerns about the Trump administration’s protectionist stance tempered enthusiasm in financial markets, while the dollar struggled after U.S. Treasury Secretary Steven Mnuchin we...
Davos: Merkel says right-wing populism is a 'poison'
2018-01-24 21:04:11 UTC
DAVOS, Switzerland — German Chancellor Angela Merkel evoked the two world wars and questioned whether the West had learned the lessons from those conflicts.
Merkel has told WEF delegates that "the right-wing populism is a poison."
“We are ...
Dollar Slides to 3-year Low as Euro Gains
2018-01-24 07:28:05 UTC
SINGAPORE (Reuters) - The dollar slid to three-year lows against a basket of major peers on Wednesday.
The euro climbed to as high as $1.2335 EUR=, its strongest level since December 2014, and was last up 0.2 percent at $1.2318.
Euro zone co...
Washington discusses bill funding government until Feb. 8
2018-01-21 20:26:12 UTC
WASHINGTON (Reuters) - U.S. House Speaker Paul Ryan said on Sunday that the House of Representatives would accept a bill funding the government through Feb. 8 and ending the current shutdown of federal agencies if the Senate can pass the measure.
#TrumpShutdown — U.S. Government Shuts Down After Senate Vote Fails
2018-01-20 08:57:36 UTC
WASHINGTON (Reuters) - The U.S. government shut down at midnight on Friday after Democrats and Republicans failed to reach a last-minute deal to fund its operations, divided in a bitter dispute over immigration and border security.
US dollar laboured near a three-year low against a basket of currencies
2018-01-19 10:32:11 UTC
LONDON (Reuters) - The dollar laboured near a three-year low against a basket of currencies on Friday, heading for a fifth week of falls that would be its longest losing streak since May 2015.
The U.S. currency slipped to its lowest since Decem...
Bitcoin extended its sharp tumble of the past 24 hours
2018-01-17 17:16:08 UTC
(Reuters) - Bitcoin extended its sharp tumble of the past 24 hours, skidding more than 20 percent on Wednesday in a rapid downturn in fortunes as investors were spooked by fears regulators might clamp down on an asset whose value has skyrocketed i...
21 states sue to restore Net neutrality as senate Democrats reach a tie votes
2018-01-17 00:20:19 UTC
(Reuters) - A group of 21 U.S. state attorneys general filed suit to challenge the Federal Communications Commission’s decision to do away with net neutrality on Tuesday while Democrats said they needed just one more vote in the Senate to repeal t...
Trade surplus in EU expanded to its highest point in 2017
2018-01-15 10:42:15 UTC
BRUSSELS (Reuters) - The trade surplus in the 19 countries sharing the euro expanded in November to its highest point in eight months, as a rise in exports of goods outpaced increasing imports, despite a stronger euro, official estimates released ...