U.S. Politics Have Been Corrupted by Money, We Don’t Need a Tax Cut in This Environment
2017-11-28 23:18:59 UTC
Harm Bandholz, UniCredit Chief U.S. Economist, says the time for tax reform is right but we don’t need a tax cut in this environment. Jeffrey Sachs, Columbia University Professor, says the debt to GDP ratio has doubled in the last decade and will ...
EU handed May a 10-day deadline to improve UK's Brexit offer
2017-11-24 18:34:21 UTC
BRUSSELS (Reuters) - The European Union handed Prime Minister Theresa May a 10-day deadline to improve her Brexit divorce offer or face failure in persuading EU leaders to open trade talks with Britain at a December summit.
Without a deal next ...
The GOP Tax Cut Plan Has Almost No Impact on Investment
2017-11-16 05:47:30 UTC
NEW YORK (Reuters) - Billionaire entrepreneur and potential presidential candidate Mark Cuban said on Wednesday that a cut in the U.S. corporate tax rate would have little to no effect on his investment decisions.
Bills before both the U.S. Sen...
Strong German Growth Data Lifts Euro
2017-11-14 22:08:49 UTC
NEW YORK (Reuters) - The euro was set for its strongest session in more than four months on Tuesday, boosted by strong economic growth in Germany, but world stocks fell for the fourth straight day as oil prices fell and investors worried about U.S...
Germany intends to set up a mandatory registry of lobbyists
2017-11-14 21:57:06 UTC
BERLIN (Reuters) - German parties exploring a coalition government agreed on Tuesday to set up a mandatory registry of lobbyists and may require private firms to disclose breaches of cyber defenses, according to a draft paper on security seen by R...
BREXIT: UK will not say how much it owes the EU
2017-11-12 16:50:04 UTC
LONDON (Reuters) - Britain will not offer a figure or a formula for how much it believes it owes the European Union, Brexit minister David Davis said on Sunday, after the EU demanded that London spell out its approach to the final bill to unblock ...
TPP Countries Agree to Move Ahead Without the US
2017-11-11 07:34:30 UTC
DANANG, Vietnam (Reuters) - Countries in the Trans Pacific Partnership (TPP) trade deal have agreed on the core elements to move ahead without the United States, officials said on Saturday, after last minute resistance from Canada raised new doubt...
AT&T CEO Says Never Offered to Sell CNN
2017-11-09 05:04:37 UTC
NEW YORK/WASHINGTON (Reuters) - U.S. antitrust regulators and AT&T Inc sparred on Wednesday over whether the wireless carrier would be required to sell Time Warner Inc’s CNN cable network as a condition of approval of its deal to buy the media com...
The Paradise Papers: Queen's Private Estate in Hot Water
2017-11-06 18:53:23 UTC
Reporters have published a raft of secret documents that reveal the strange investments and tax avoidance indulged in by the powerful and wealthy. The revelations come from the same team that uncovered the Panama Papers. But it appears for now tha...
GOP Massive Tax Cuts Will Lead to Major Deficit and Debt
2017-11-02 21:24:00 UTC
WASHINGTON (Reuters) - U.S. House of Representatives Republicans unveiled long-delayed legislation on Thursday to deliver deep tax cuts that President Donald Trump has promised.
The bill, representing what would be the largest overhaul of the U...
Bitcoin surged to a record high of more than $6,000
2017-10-20 20:12:57 UTC
NEW YORK (Reuters) - Bitcoin surged to a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion at one point, as investors continued to bet on an asset that has a limited supply and has paved the way for a who...
EU Reaffirms Full Commitment to the Iran Nuclear Deal
2017-10-19 23:53:02 UTC
BRUSSELS (Reuters) - European Union leaders on Thursday reaffirmed their full commitment to the 2015 nuclear deal between Iran and world powers, hoping that the U.S. Congress would not let it collapse despite relentless criticism by President Dona...
Xi: China Will Relax Market Access for Foreign Investment
2017-10-18 05:56:37 UTC
BEIJING - Chinese President Xi Jinping opened a critical Communist Party Congress with a pledge to build a "modern socialist country" that will never copy the political systems of others and will remain open to the world.
China will relax marke...
NAFTA: US Government Issues Are "Practically Absurd"
2017-10-16 19:27:18 UTC
ARLINGTON, Va. (Reuters) - Negotiators from Canada and Mexico grappled with U.S. demands to drastically alter the North American Free Trade Agreement on Saturday, as talks over renewal of the pact vilified by President Donald Trump ran through a f...
Brexit: "British Government Doesn't Know What It Wants"
2017-10-05 17:25:39 UTC
BERLIN (Reuters) - German firms active in Britain should make provisions now for a “very hard Brexit”, Germany’s biggest industry group said on Thursday, because the government in London does not know what it wants.
The Federation of German Ind...
US hiring slowed to an 11-month low in September
2017-10-04 16:44:29 UTC
(Reuters) - U.S. companies scaled back their hiring to an 11-month low in September after two powerful hurricanes disrupted some business activities, while the vast domestic services sector overcame those snags to expand at its fastest pace in 12 ...
German automakers relying on efficiency to build electric cars
2017-10-05 03:13:13 UTC
FRANKFURT (Reuters) - BMW and Mercedes are betting they can mass produce new electric cars based on conventional vehicles, defying sceptics who say they will need more radical designs to head off the threat from Tesla and other start-up carmakers....
'Subscription news websites' may face less prominence in Google search results
2017-10-02 22:19:54 UTC
SAN FRANCISCO (Reuters) - Google announced on Sunday that subscription news websites would no longer have to provide users three free articles per day or face less prominence in search results, relaxing its rules following complaints from media gi...
Trump's Tax Plan Will add Trillions of Dollars to the Debt
2017-09-28 06:48:39 UTC
WASHINGTON (Reuters) - President Donald Trump proposed on Wednesday the biggest U.S. tax overhaul in three decades, calling for tax cuts for most Americans, but prompting criticism that the plan favors business and the rich and could add trillions...
Trump: Republicans Have Votes to Pass Healthcare Later
2017-09-27 13:07:35 UTC
WASHINGTON (Reuters) - Republicans have enough support to pass their healthcare overhaul but not this week, President Donald Trump said on Wednesday, one day after Senate Republicans admitted defeat over their effort to repeal and replace Obamacar...
Trump's Tax Plan Proposes Deep Cuts, Lacks Revenue Details
2017-09-27 12:52:02 UTC
WASHINGTON (Reuters) - U.S. President Donald Trump will call on Wednesday for slashing tax rates on businesses and the wealthy as part of a new tax plan that is likely to offer few details about how to pay for the cuts without expa...
SEC Hack: Persistent Government Cyber Vulnerability
2017-09-22 14:24:31 UTC
Dustin Volz, Jason Lange
WASHINGTON/NEW YORK (Reuters) - A major computer hack at America’s top stock market regulator is the latest sign that data stored in the highest reaches of the U.S. government remains vulnerable to cyber attacks, despit...
China's Banks to Stop Doing Business with North Korea
2017-09-21 13:19:57 UTC
BEIJING/HONG KONG (Reuters) - China’s central bank has told banks to strictly implement United Nations sanctions against North Korea, four sources told Reuters, amid U.S. concerns that Beijing has not been tough enough over Pyongyang’s repeated nu...
Brexit: 10,000 finance jobs will be shifted out of Britain
2017-09-18 14:51:50 UTC
LONDON (Reuters) - Around 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if the UK is denied access to Europe’s single market, according to a Reuters survey of firms employing the bulk of workers in in...
EU Plans To Raise Taxes For Internet Giants
2017-09-17 00:53:39 UTC
TALLINN (Reuters) - A European Union plan to raise more tax from digital multinationals faced the first signs of scepticism on Saturday, as smaller members of the bloc warned about the economic impact from such a move.
France wants to tax compa...