Economy

  • Trump disbanded business councils after CEOs exit
    Trump_encouraged_alt-right_groups_to_be_more_violent 2017-08-16 18:35:17 UTC
    WASHINGTON/NEW YORK (Reuters) - U.S. President Donald Trump disbanded two high-profile business advisory councils on Wednesday after corporate CEOs quit in protest at his remarks blaming violence in Charlottesville, Virginia, not only on white nat...
  • EU Strong Economic Growth Is On Track
    Eu_strong_economic_growth_is_on_track 2017-08-16 08:10:41 UTC
    LONDON (Reuters) - Miners and oil stocks helped Europe's major share index make strong gains on Wednesday, as higher metals prices lent a hand and investors awaited euro zone GDP figures expected to confirm the bloc's economic growth was on track....
  • Premiums would rise 20% if Trump stops federal pay for health care
    Premiums_would_rise_20__if_trump_stops_federal_pay_for_health_care 2017-08-15 19:45:50 UTC
    WASHINGTON (Reuters) - Premiums for many would rise 20 percent in 2018 if Trump stops federal payments to health insurers, a nonpartisan congressional office said on Tuesday. The Congressional Budget Office also found that terminating the payme...
  • Is Recession Looming? U.S. Household Debt Jumps To A New Record High
    Is_recession_looming__us_household_debt_jumps_to_a_new_record_high 2017-08-15 18:10:40 UTC
    NEW YORK (Reuters) - Americans' debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card debt, where delinquencies j...
  • Check your math: less immigration equals less growth
    Check_your_math-_less_immigration_equals_less_growth._said_minneapolis_fed_president_neel_kashkari 2017-08-08 08:03:31 UTC
    (Reuters) - Less than week after a U.S. President Donald Trump embraced legislation to reduce immigration, Minneapolis Federal Reserve Bank President Neel Kashkari urged residents of South Dakota to embrace newcomers instead. "Just going to mat...
  • How much would the UK be willing to pay to leave the EU?
    How_much_would_the_uk_be_willing_to_pay_to_leave_the_eu 2017-08-06 04:16:37 UTC
    LONDON (Reuters) - Britain is prepared to pay up to 40 billion euros ($47 billion) as part of a deal to leave the European Union, the Sunday Telegraph newspaper reported, citing three unnamed sources familiar with Britain's negotiating strategy. ...
  • Apple to launch 'Call Watches' without needing an iPhone
    Apple_to_launch_'call_watches'_without_needing_an_iphone 2017-08-04 22:52:29 UTC
    (Reuters) - Apple Inc plans to release a version of its smartwatch later this year that can connect directly to cellular networks, Bloomberg reported on Friday, citing people familiar with the matter. Some of the new models for the Apple Watch ...
  • Apple bends to the will of China after Putin bans Apps
    Apple_bends_to_the_will_of_china_after_putin_banning_apps 2017-08-02 19:47:45 UTC
    Apple Conforms To Chinese Law Pulls Apps From China App Store As Russia Signs Law Banning Their Use. Russia has signed a law banning the use of virtual private networks (VPNs) that enable users to gain access to websites banned in Russia. ...
  • BREXIT: UK could lose up to 40,000 investment banking jobs
    Brexit-_uk_could_lose_up_to_40_000_investment_banking_jobs 2017-08-01 05:46:07 UTC
    LONDON (Reuters) - Britain's finance industry could lose up to 40,000 investment banking jobs in the next few years unless it strikes a softer deal on its departure from the European Union, according to a new report by consultancy firm Oliver Wyma...
  • Germany: US sanctions against Russia violate international law
    Brigitte_zypries_germany_us_sanctions_against_russia_violate_international_law 2017-08-01 05:31:14 UTC
    BERLIN — Germany's economy minister, Brigitte Zypries, on Monday decried the US' latest round of sanctions against Russia, insisting that they violate international law by indirectly punishing European firms. "The Americans cannot punish German...
  • Facebook's Sheryl Sandberg: We need to start paying women well
    Facebook's_sheryl_sandberg-_we_need_to_start_paying_women_well 2017-07-31 04:47:45 UTC
    LONDON (Reuters) - Facebook Inc Chief Operating Officer Sheryl Sandberg called on governments and companies to do more to close the gender pay gap on Sunday and said both girls and boys should be encouraged to become leaders from an early age. ...
  • "Working together to take the UK out of the EU" is falling to Chaos
    %22working_together_to_take_the_uk_out_of_the_eu%22_is_falling_to_chaos 2017-07-30 04:16:56 UTC
    LONDON (Reuters) - An ally of British foreign minister Boris Johnson has criticized the Brexit transition plans of finance minister Philip Hammond, a newspaper said, in the latest sign of tensions within the government over how Britain should leav...
  • Only 29 percent of Americans want Congress to "continue working on a new healthcare bill"
    Only_29_percent_of_americans_want_congress_to_%22continue_working_on_a_new_healthcare_bill%22 2017-07-30 03:41:33 UTC
    NEW YORK (Reuters) - A majority of Americans are ready to move on from healthcare reform at this point after the U.S. Senate's effort to dismantle Obamacare failed on Friday, according to an exclusive Reuters/Ipsos opinion poll released on Saturda...
  • Tesla delivers the first 30 of its Model 3 cars in California
    Tesla_delivers_the_fierst_30_of_its_model_3_cars_in_california 2017-07-30 16:01:45 UTC
    FREMONT, Calif. (Reuters) - Tesla Chief Executive Officer Elon Musk said on Friday the Model 3 had over half a million advance reservations as he handed over the first 30 to employee buyers, setting the stage for the biggest test yet of the compan...
  • Elizabeth Warren called on Federal Reserve to remove members of Wells Fargo's board
    16459_%e2%80%9ci%e2%80%99ve_got_two_words_for_you__ted-_boo_hoo.%e2%80%9d_elizabeth_warren%e2%80%99s_epic_teardown_of_ted_cruz 2017-07-29 04:06:47 UTC
    WASHINGTON (Reuters) - U.S. Senator Elizabeth Warren called on Federal Reserve Chair Janet Yellen to remove members of Wells Fargo & Co's board after revelations the company improperly charged customers for auto insurance. In a letter sent Frid...
  • Repeal Fails: President Obama’s Health Law Will Stay
    Obamacare_repeal_fails-_president_obama%e2%80%99s_health_law_stay 2017-07-30 03:51:28 UTC
    WASHINGTON (Reuters) - A U.S. Senate led by Donald Trump's fellow Republicans dealt the president a harsh blow on Friday, failing to move ahead with a major campaign promise to dismantle Obamacare as they fell one vote short of passing healthcare ...
  • EU, the world's biggest trading bloc, seeks to set global trade rules - US out of the race
    Eu__the_world's_biggest_trading_bloc__seeks_to_set_global_trade_rules 2017-07-27 16:29:50 UTC
    BRUSSELS (Reuters) - If Donald Trump's ditching of a U.S.-led trade alliance with Pacific Rim nations wasn't a gift to the European Union, then it must be the next best thing. The president's decision on his first day in office effectively pull...
  • Senate rejects Obamacare repeal again, eyes 'skinny' bill
    Senate_rejects_obamacare_repeal_again__eyes_'skinny'_bill 2017-07-27 05:51:10 UTC
    WASHINGTON (Reuters) - Senate Republicans fell short again in their effort to end Obamacare, rejecting a measure to repeal large portions of former President Obama's signature law that has provided health insurance to millions of Americans. The...
  • US automakers expect a rougher ride for the rest of the year
    Ford_plans_to_shrink_its_salaried_workers_in_us_by_3000 2017-07-26 19:53:53 UTC
    DETROIT (Reuters) - Ford Motor Co on Wednesday joined rival General Motors Co in reporting higher-than-expected second-quarter profits, and in the next breath warning of a rougher ride for the rest of the year. Ford said full-year pre-tax profi...
  • Russian cyber criminals: $4 billion bitcoin laundering ring
    Russian_cyber_criminals-__4_billion_bitcoin_laundering_ring 2017-07-26 17:56:41 UTC
    ATHENS/MOSCOW/NEW YORK (Reuters) - A Russian man suspected of being the anonymous mastermind behind one of the world's oldest crypto-currency exchanges and of laundering at least $4 billion has been arrested in Greece, police and sources said on W...
  • Senate advances on healthcare and votes to open debate
    Senate_advances_on_healthcare_and_votes_to_open_debate 2017-07-26 07:17:58 UTC
    WASHINGTON (Reuters) - U.S. Senate Republicans narrowly agreed to open debate on a bill to repeal Obamacare, but the party's seven-year effort to roll back President Obama's signature healthcare law still faces significant hurdles. The Sena...
  • Turkish Clothing Export: The Real Trade Challenge Is Germany
    Turkish_clothing_export_the_real_trade_challenge_is_germany 2017-07-25 16:58:54 UTC
    ISTANBUL (Reuters) - Turkey's clothing sector, a main driver of its foreign sales, may miss this year's export target if a row with Germany is not resolved, a leading manufacturer said on Tuesday. Despite signs of a sales turnaround to other co...
  • Toyota long-range electric car needs just minutes for charging
    Toyota_long-range_electric_car_needs_just_minutes_for_charging 2017-07-25 04:21:56 UTC
    TOKYO (Reuters) - Toyota Motor Corp is working on an electric car powered by a new type of battery that significantly increases driving range and reduces charging time, aiming to begin sales in 2022, the Chunichi Shimbun daily reported on Tuesday....
  • Hottest Tech startups don't need venture capital money
    Hottest_tech_startups_don't_need_venture_capital_money 2017-07-24 07:00:59 UTC
    NEW YORK (Reuters) - U.S. venture capital firms lining up for a slice of the burgeoning digital currency market are grappling with a novel challenge - some of the hottest tech startups that sell the coins just don't need their money. Only a few...
  • British households' financial situation already deteriorating
    British_households'_financial_situation_already_begun_to_deteriorate 2017-07-24 03:04:56 UTC
    LONDON - U.S. president Donald Trump announced in June 2016, "I think Brexit is going to end up being a great thing." Just one year after the Brexit vote, British people are more pessimistic and worried about their uncertain future. UK hous...