Economy

  • U.S. declares trade war against EU, Canada, Mexico, China, Japan and South Korea
    Us_declares_trade_war_against_eu__canada__mexico__china__japan_and_south_korea 2018-03-04 20:58:07 UTC
    WASHINGTON (AP) — U.S. President Donald Trump’s administration appears unbowed by broad domestic and international criticism of his planned import tariffs on steel and aluminum, saying Sunday that the president is not planning on exempting any cou...
  • Trump's protectionist measures will hurt US economy
    Trump's_protectionist_measures_will_hurt_the_us_economy 2018-03-04 00:47:34 UTC
    WASHINGTON - Trump finally appears poised to make good on his promised threats to slam the door on free trade and erect walls around the country’s economy. The U.S. President kept up pressure on trading partners, threatening European automaker...
  • Israeli police questioned Prime Minister Benjamin Netanyahu
    Israeli_police_questioned_prime_minister_benjamin_netanyahu 2018-03-02 09:31:31 UTC
    Israeli police have already arrested two people close to Prime Minister Benjamin Netanyahu for allegedly promoting regulations for Israel's largest telecommunications company. Netanyahu is also a suspect in two other graft probes. Israeli polic...
  • Eurozone Posts Fastest Economic Growth in a Decade
    Eurozone_posts_fastest_economic_growth_in_a_decade 2018-03-02 08:55:40 UTC
    BENGALURU (Reuters) - While euro zone business growth was the fastest in well over a decade at the start of the year, it lost some steam last month as a stronger currency took its toll, a private-sector survey of purchasing managers showed. Sti...
  • The Economic Consequences of Trump's Trade War
    The_economic_consequences_of_trump's_trade_war 2018-03-02 08:37:49 UTC
    SEOUL/SYDNEY (Reuters) - The U.S. oil and gas industry slammed President Donald Trump's plan to impose tariffs on imported steel, saying the move would kill energy jobs by raising costs for big infrastructure projects. Trump’s planned tarif...
  • Federal judge dismisses lawsuit against Coca-Cola's Diet Coke "weight loss" ads
    Federal_judge_dismisses_lawsuit_against_coca-cola's_diet_coke_%22weight_loss%22_ads 2018-02-28 18:12:26 UTC
    (Reuters) - A federal judge has dismissed a lawsuit claiming that Coca-Cola Co’s advertising for Diet Coke misleads people into thinking that consuming the soft drink assists in weight loss, and that it actually causes weight gain. The plaint...
  • US cable provider 'Comcast' offers $31 billion for 'Sky'
    Us_cable_provider_comcast_offers__31_billion_for_sky 2018-02-27 08:46:42 UTC
    LONDON - Comcast Corp, the biggest cable operator in the United States, offered to pay $31 billion to buy Sky, the European pay-TV group that has agreed to be sold to Rupert Murdoch's Fox. Comcast, which owns NBC and Universal Pictures, said it...
  • US film studio 'The Weinstein Company' to file for bankruptcy
    Us_film_studio_'the_weinstein_company'_to_file_for_bankruptcy 2018-02-27 00:53:48 UTC
    The Weinstein Company said that the U.S. film studio, whose ex-chairman Harvey Weinstein has been accused of sexual harassment and assault, planned to file for bankruptcy in the coming days after talks to sell itself collapsed. Filing for bankr...
  • New criminal charges against Trump aides Manafort, Gates
    New_criminal_charges_against_trump_aides_manafort___gates 2018-02-23 05:38:39 UTC
    WASHINGTON (Reuters) - The special counsel in the Russia probe filed new criminal charges on Thursday against President Donald Trump’s former campaign aides Paul Manafort and Rick Gates, stepping up pressure in a legal battle that started last yea...
  • Germany calls on UK to offer more 'concrete' Brexit plans
    Germany_calls_on_uk_to_offer_more_'concrete'_brexit_plans 2018-02-16 17:47:12 UTC
    BERLIN (Reuters) - A Brexit deal should strike a balance to ensure Britain clearly diverges from the European Union’s single market but keeps close economic ties with the bloc, German Chancellor Angela Merkel said after meeting British Prime Minis...
  • Netanyahu faces corruption and breach of trust charges
    Netanyahu_linked_to_a_'corrupt_deal'_with_german_steel_producer 2018-02-14 16:36:57 UTC
    How is the Israeli prime minister linked to an allegedly corrupt deal with German steel producer ThyssenKrupp? One is Israel's long-serving prime minister, the other is one of Germany's biggest industrial corporations, and now the two have been...
  • The Real Concerns About Markets As U.S. Inflation Looms
    The_real_concerns_about_markets_as_inflation_looms 2018-02-14 18:54:27 UTC
    New York — U.S. financial markets have been roiled recently by something neither the economy nor investors have had to contend with for the better part of a decade: concerns they may soon have to reckon with rising inflation. The S&P 500 .SPX.I...
  • Rebuilding Iraq after war with ISIS will cost $88.2 billion
    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
    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
    To_save_costs_audi__porsche__vw_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
    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
    Rand_paul_says-_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
    Panic-_u.s._stock_market_crash 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
    California_will_block_the_transportation_of_petroleum_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
    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
    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
    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
    German_economy_powers_on-_in_surplus_and_growing_fast 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
    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
    Leaked_uk_government_forecast_predicts_britain_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...