Economy

  • Brexit EU hub: Morgan Stanley & Citigroup choosing Frankfurt
    Brexit_job_moves-_morgan_stanley_and_citigroup_choose_frankfurt 2017-07-19 16:48:26 UTC
    FRANKFURT/LONDON (Reuters) - Morgan Stanley has chosen Frankfurt to be the new base for its European Union operations as Britain prepares to leave the bloc, according to a source familiar with the matter, becoming the latest U.S. bank to pick the ...
  • Republicans in chaos over healthcare legislation
    Republicans_in_chaos_over_healthcare_legislation 2017-07-18 18:40:01 UTC
    WASHINGTON (Reuters) - Republicans in the U.S. Congress were in chaos over healthcare legislation after a second attempt to pass a bill in the Senate collapsed late on Monday. "Regretfully, it is now apparent that the effort to repeal and imme...
  • US Dollar falls to lowest level in 2017
    Us_dollar_falls_to_lowest_level_in_2017 2017-07-17 21:08:40 UTC
    NEW YORK (Reuters) - The U.S. dollar hit its lowest level against a basket of major currencies in 10 months on Monday and the Australian dollar hit a more than two-year high on strong Chinese economic data and doubts that the Federal Reserve would...
  • Angela Merkel: Brexit changed my view on Europe
    Angela_merkel-_brexit_changed_my_view_on_europe 2017-07-15 18:57:48 UTC
    ZINGST, Germany (Reuters) - German Chancellor Angela Merkel told voters on Saturday that Britain's decision to leave the European Union and France's election of President Emmanuel Macron had changed her view on the bloc, adding it was worth fighti...
  • Google Earth users will be able to post stories, video and photos
    Google_earth_users_will_be_able_to_post_stories__video_and_photos 2017-07-14 22:16:57 UTC
    RIO DE JANEIRO (Reuters) - Google wants users to post millions of stories, video and photos on its 'Google Earth' platform in the next few years, the program chief said on Tuesday at a launch event in Brazil for content focused on showcasing the A...
  • US requires all nations to provide extensive traveler data
    Us_requires_all_nations_to_provide_extensive_traveler_data 2017-07-13 23:30:12 UTC
    WASHINGTON (Reuters) - The U.S. State Department will require all nations to provide extensive data to help it vet visa applicants and determine whether a traveler poses a terrorist threat, according to a cable obtained by Reuters. Countries th...
  • German exports rose again more strongly than expected
    German_exports_rise_again_more_than_expected 2017-07-10 06:54:14 UTC
    German exports rose more strongly than expected in May, outpacing a solid increase in imports and widening the trade surplus of Europe's biggest economy, data showed on Monday. Seasonally adjusted exports climbed 1.4 percent - their fifth conse...
  • Merkel convinces fellow world leaders to support trade, energy & Africa - US isolated
    Merkel_convinces_fellow_world_leaders_to_support_trade__energy_and_africa 2017-07-08 23:24:18 UTC
    HAMBURG — Leaders from the world's leading economies broke with U.S. President Donald Trump on climate policy at a G20 summit on Saturday, in a rare public admission of disagreement and blow to multilateral cooperation. German Chancellor ...
  • Germany's Federal Crime Office has the Panama Papers
    Germany's_federal_crime_office_has_the_panama_papers 2017-07-04 17:22:23 UTC
    BERLIN — Germany's Federal Crime Office(BKA) said on Tuesday it had obtained a copy of the leaked data known as the Panama Papers that last year revealed how offshore firms are used to stash the wealth of the world's rich and powerful. Some 11....
  • US auto industry has been bracing for a downturn
    Us_auto_industry_has_been_bracing_for_a_downturn 2017-07-03 16:51:23 UTC
    The U.S. auto industry has been bracing for a downturn after hitting a record 17.55 million new vehicles sold in 2016. A glut of nearly new used vehicles poses competition for new vehicle sales and automakers have relied increasingly on high consu...
  • Tesla Model 3 passed all regulatory requirements for production
    Tesla_inc's_high-volume_model_3_sedan_passed_all_regulatory_requirements_for_production 2017-07-03 06:23:42 UTC
    Tesla Inc's high-volume Model 3 sedan passed all regulatory requirements for production two weeks ahead of schedule, Chief Executive Elon Musk tweeted on Sunday night. Musk said in May that Tesla was on track to begin production of the $35,000 ...
  • Shortlisted bidders in race to buy $10b valued Global Logistic Properties Ltd
    Shortlisted_bidders_in_race_to_buy__10b_valued_global_logistic_properties 2017-07-03 05:50:18 UTC
    SINGAPORE — Global Logistic Properties Ltd said on Monday it had received "firm proposals" from shortlisted bidders, days after sources told Reuters that suitors had narrowed to a management-backed Chinese consortium and a group led by Warburg Pin...
  • VW to spend $800 million in California and a total of $2 billion nationwide on clean car infrastructure
    Vw_to_spend__800_million_in_california_and_a_total_of__2_billion_nationwide_on_clean_car_infrastructure 2017-06-29 23:39:43 UTC
    San Francisco — Volkswagen AG on Thursday told California it was expanding efforts to build electric car infrastructure in poorer communities, responding to regulators who described "shortcomings" in VW's plan. The California Air Resources Boar...
  • Canada's Court Forces Google to Remove Results Worldwide
    Canada's_court_forces_google_to_remove_results_worldwide 2017-06-28 16:15:32 UTC
    Canadian courts can force internet search leader Google to remove results worldwide, the country's top court ruled on Wednesday, drawing criticism from civil liberties groups arguing such a move sets a precedent for censorship on the internet. ...
  • GOP delays vote on health care bill: Fear of a disastrous defeat
    Gop_delays_vote_on_health_care_bill-_fear_of_a_disastrous_defeat 2017-06-27 21:00:38 UTC
    WASHINGTON — Facing a potentially disastrous defeat by members of his own party, U.S. Senate Majority Leader Mitch McConnell decided on Tuesday to delay a vote on healthcare legislation in order to get more support from Republican senators. Pre...
  • California: Monsanto Weed-Killer Roundup Causes Cancer
    California-_monsanto_weed-killer_roundup_causes_cancer 2017-06-27 18:10:30 UTC
    Glyphosate, an herbicide and the active ingredient in Monsanto Co's popular Roundup weed killer, will be added to California's list of chemicals known to cause cancer effective July 7, the state's Office of Environmental Health Hazard Assessment (...
  • Massive hack attack: "It's like WannaCry all over again"
    Massive_hack_attack-_%22it's_like_wannacry_all_over_again%22_ 2017-06-27 17:39:04 UTC
    MOSCOW/KIEV — A ransomware attack hit computers across the world on Tuesday, taking out servers at Russia's biggest oil company, disrupting operations at Ukrainian banks, and shutting down computers at multinational shipping and advertising firms....
  • EU antitrust regulators hit Alphabet unit Google with a record $2.7 billion fine
    Eu_antitrust_regulators_hit_alphabet_unit_google_with_a_record__2.7_billion_fine 2017-06-27 16:50:51 UTC
    BRUSSELS — EU antitrust regulators hit Alphabet unit Google with a record 2.42-billion-euro ($2.7 billion) fine on Tuesday, taking a tough line in the first of three investigations into the company's dominance in searches and smartphones. It is...
  • 22 million Americans would lose insurance under GOP,Trump bill
    Gop-_we_have_enough_votes_to_repeal_obamacare 2017-06-27 06:54:47 UTC
    WASHINGTON — Twenty-two million Americans would lose insurance over the next decade under the healthcare bill drafted by U.S. Senate Republicans, a nonpartisan office said on Monday, an assessment that will likely make it more difficult for the al...
  • Sanders Calls Trump & Republicans Healthcare Plan 'Barbaric'
    Bernie_sanders-_-it's_easier_to_get_into_a_war_than_get_out_of_one--1 2017-06-24 17:48:38 UTC
    In an appearance on Anderson Cooper 360, Sen. Bernie Sanders (I-VT) explained why the newly-release Affordable Health Care Act is “the most harmful piece of legislation” he’s ever seen. “If you throw over 23 million people off of health insuran...
  • Obama: The Senate bill would raise costs, reduce coverage, roll back protections
    Obama-_affordable_care_act_is_to_make_people%e2%80%99s_lives_better__not_worse 2017-06-24 17:51:21 UTC
    Barack Obama released a blistering statement on Thursday condemning Senate Republicans’ plans to repeal and replace the Affordable Care Act, calling the draft legislation a “massive transfer of wealth from middle-class and poor families to the ric...
  • Republican Health Care Bill: A Massive Reduction in Medicaid Spending
    Senate_republican_health_care_bill-_a_massive_reduction_in_medicaid_spending 2017-06-22 17:32:03 UTC
    WASHINGTON — U.S. Senate Republicans on Thursday unveiled their version of legislation that would replace Obamacare, proposing to kill a tax on the wealthy that pays for it and reduce aid to the poor to cut costs. With Democrats deeply opposed ...
  • George Clooney's Tequila Company Sold for Up to $1 Billion
    George_clooney_says_bernie_sanders_is_'absolutely_right' 2017-06-22 00:12:49 UTC
    LONDON — Diageo Plc has agreed to buy George Clooney's high-end tequila brand Casamigos in a deal valuing it at up to $1 billion, as the world's largest spirits maker seeks to boost its presence in a high-growth market. Diageo said on Wednesday...
  • Ford announces a new manufacturing investment in China
    Ford_announces_a_new_manufacturing_investment_in_china 2017-06-20 17:58:55 UTC
    DETROIT/WASHINGTON — Ford will export the next-generation Focus compact car from China to North America in 2019, rather than from Mexico as earlier planned, saving the company $500 million, a top executive said on Tuesday. It is the first major...
  • Angela Merkel threatens retaliation if U.S. sanctions on Russia harm EU firms
    Merkel_threatens_retaliation_if_u.s._sanctions_harm_eu_firms 2017-06-16 18:20:14 UTC
    BERLIN/BRUSSELS — Germany threatened on Friday to retaliate against the United States if new sanctions on Russia being proposed by the U.S. Senate end up penalizing German firms. The Senate bill, approved on Thursday by a margin of 98-2, includ...