Scotland Sees 'Golden' Chance to Stay in 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
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.
iPhone overuse could hurt children’s 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
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
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
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
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
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
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
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.
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
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
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...
US government rescinds rules aimed at ensuring a free and open internet
2017-12-14 19:40:07 UTC
WASHINGTON (Reuters) - The U.S. Federal Communications Commission voted along party lines on Thursday to repeal landmark 2015 rules aimed at ensuring a free and open internet, setting up a court fight over a move that could recast the digital land...
EU Economic Powers Warn Trump's Tax Plans Could Violate US Obligations Under International Agreements
2017-12-11 17:36:13 UTC
BRUSSELS (AP) — The European Union’s top five economies are warning the United States that its massive tax overhaul could violate some of its international obligations and risks having “a major distortive impact” on trade.
In a letter to U.S. S...
Zimbabwe May Recoup Millions of Dollars in Diamonds Kept in Britain
2017-12-10 21:43:02 UTC
President Emmerson Mnangagwa could recoup millions of dollars in diamond proceeds that were siphoned to London if he mends Zimbabwe’s relations with Britain.
Finance Minister Patrick Chinamasa said Mnangagwa would spearhead the mending of polit...
EU's Juncker on Brexit talks - We have made the breakthrough we needed
2017-12-08 07:29:33 UTC
EU's Juncker on Brexit talks - "We have made the breakthrough we needed"</h3>
Britain and the EU have made "sufficient progress" on a Brexit divorce deal, paving the way for the two sides to move onto the next phase of neg...
Canada takes swipe at US, could buy European fighter jets
2017-12-06 20:22:13 UTC
OTTAWA (Reuters) - Canada’s decision to shun Boeing jets could open the way for European rivals seeking to supply new fighters, assuming the government can sort out major procurement challenges, three sources familiar with the matter said on Wedne...
Bitcoin loses 20 percent of its value in less than 24 hours
2017-11-30 20:57:52 UTC
LONDON (Reuters) - Bitcoin slid to as low as $9,000 in volatile trade on Thursday, having lost more than a fifth of its value since hitting an all-time high of $11,395 on Wednesday.
The cryptocurrency fell as much as 8 percent on Thursday on th...
Half of Americans Oppose GOP/ Trump Tax Bill
2017-11-29 22:10:20 UTC
WASHINGTON/NEW YORK (Reuters) - Opposition has grown among Americans to a Republican tax plan before the U.S. Congress, with 49 percent of people who were aware of the measure saying they opposed it, up from 41 percent in October, according to a R...
Bitcoin tops an all-time high above $10,000
2017-11-29 06:11:39 UTC
NEW YORK (Reuters) - Red-hot bitcoin soared through an all-time high above $10,000 on Wednesday, taking its gains to more than 900 percent so far this year, the most of any asset class.
Despite widespread scepticism of many veteran bankers and ...
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...