Economy

  • 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...
  • Scotland Sees 'Golden' Chance to Stay in European Single Market
    Scotland_sees_'golden'_chance_to_stay_in_the_european_single_market 2018-01-14 08:31:04 UTC
    EDINBURGH (Reuters) - Scottish leader Nicola Sturgeon said on Sunday there was a “golden opportunity” to argue for Britain to remain in the European single market after Brexit, as no-one had yet demonstrated the benefit of loosening trade ties wit...
  • WTO: Canada launches a wide-ranging trade dispute against US
    Wto-_canada_launches_a_wide-ranging_trade_dispute_against_the_us 2018-01-10 19:12:59 UTC
    GENEVA (Reuters) - Canada has launched a wide-ranging trade dispute against the United States, challenging Washington’s use of anti-dumping and anti-subsidy duties, Canada said in WTO filing dated Dec. 20 and published on Wednesday. Canada appe...
  • iPhone overuse could hurt children’s developing brains
    Iphone_overuse_could_hurt_children%e2%80%99s_developing_brains 2018-01-09 04:39:42 UTC
    NEW YORK (Reuters) - Apple Inc investors are shrugging off concerns raised by two shareholders about kids getting hooked on iPhones, saying that for now a little addiction might not be a bad thing for profits. Hedge fund JANA Partners LLC and t...
  • Apple issues apology for purposely slowed down older iPhones
    Apple_issues_apology_for_purposely_slowed_down_older_iphones 2017-12-29 07:48:52 UTC
    The tech giant has offered a major price cut to replace out-of-warranty batteries that affect iPhone performance. Days before issuing an apology, it acknowledged it purposely slowed down older iPhones to prevent issues. In a posting on its webs...
  • China is winning the race for new energy vehicles
    China_is_winning_the_race_for_new_energy_vehicles 2017-12-27 09:26:31 UTC
    BEIJING/SHANGHAI (Reuters) - China will extend a tax rebate on purchases of so-called new-energy vehicles (NEV) until the end of 2020, a boost for hybrid and electric car makers amid a shift by policy-makers away from the traditional internal comb...
  • Zimbabweans of European Origin Return to Seized Land
    Zimbabweans_of_european_ethnic_origin_returns_to_seized_land 2017-12-24 11:14:22 UTC
    RUSAPE, Zimbabwe (Reuters) - The last time farmer Rob Smart left his land it was at gunpoint, forced out in June by riot police armed with tear gas and AK-47 assault rifles. He returned on Thursday to ululations and tears of joy from former wor...
  • Down 35 percent: Bitcoin tumbled below $13,000
    Jpmorgan's_jamie_dimon_says_bitcoin_%e2%80%9cis_a_fraud%e2%80%9d_and_will_blow_up 2017-12-22 07:47:50 UTC
    TOKYO (Reuters) - Cryptocurrency bitcoin tumbled below $13,000 briefly on the Bitstamp exchange BTC=BTSP on Friday, down roughly 35 percent from its record top near $20,000 set at the start of the week. It was last down 7 percent at $14,499 BTC...
  • Republicans Looting the Treasury: House Approves #TaxScamBill
    Republicans_looting_the_treasury-_house_approves__taxscambill 2017-12-20 19:52:16 UTC
    ASHINGTON (Reuters) - The Republican-controlled U.S. House of Representatives gave final approval on Wednesday to the biggest overhaul of the U.S. tax code in 30 years, sending a sweeping $1.5 trillion bill to President Donald Trump for his signat...
  • US Congress Struggling to Avoid a Partial Government Shutdown
    Us_congress_struggling_to_avoid_a_partial_government_shutdown 2017-12-20 00:44:23 UTC
    WASHINGTON (Reuters) - The U.S. Congress is struggling through another contentious week as infighting over defense spending, healthcare and other matters complicates the drive to pass a temporary spending bill by midnight on Friday to avert a part...
  • European Union: US Tax Reform Breaks Global Rules
    European_union-_us_tax_reform_breaks_global_rules 2017-12-19 18:29:42 UTC
    European finance ministers are worried. They say the US's big tax reform bill contains measures that would unfairly disadvantage European business and contravene global fair-taxation rules. Are they right? Last week, the finance ministers of Eu...
  • Highly-skilled foreign workers favor Canada, not the U.S.
    Highly-skilled_foreign_workers_favor_canada__not_u.s 2017-12-18 03:45:11 UTC
    Petra Axolotl knew her chances of getting an H-1B visa were slim. She had an MBA from Wharton and a job offer at Twitter, but luck would decide the Dutch data scientist's fate – and in 2016, it did not fall in her Favor. Axolotl missed out in t...
  • Here's a Look at the Final Republican Tax Bill
    Here's_a_look_at_the_final_republican_tax_bill 2017-12-17 06:15:52 UTC
    Republicans in the U.S. Congress released a final version of their tax bill on Friday, clearing the way for Senate and House of Representatives votes on the legislation next week. President Donald Trump wants to sign tax legislation before the ...
  • Germany vows to back an "open and free internet" despite end of net neutrality in US
    Germany_vows_to_back_an_open_and_free_internet_despite_end_of_net_neutrality_in_us 2017-12-15 21:32:27 UTC
    Berlin has vowed to back an "open and free internet" following a US decision to repeal net neutrality rules. After US telecoms regulator FCC on Thursday moved to repeal Obama-era net neutrality rules, the German Economics Ministry said Friday i...