Economy

  • 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...
  • Tennessee City Stumped by Trump's 'America First' Tariffs on Washing Machines
    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
    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.
    Xi_tells_the_world_to_choose_between_china's_global_outlook_and_that_of_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
    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'
    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
    Solid_european_economic_outlook_kept_euro_strong_against_dollar 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
    Washington_discusses_bill_funding_government_until_feb._8_-_schumer 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
    _trumpshutdown_%e2%80%94_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. The shutdown...
  • US dollar laboured near a three-year low against a basket of currencies
    Us_dollar_laboured_near_a_3_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
    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
    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
    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 ...
  • Merkel Returns to the World Stage for An Epic Clash with Trump
    Merkel%e2%80%99s_return_to_the_world_stage_for_epic_clash_with_trump 2018-01-15 11:09:59 UTC
    BERLIN (Reuters) - German Chancellor Angela Merkel is considering joining French President Emmanuel Macron at the World Economic Forum in Davos next week in what could turn into an epic clash of competing world views with U.S. President Donald Tru...