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
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
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
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...
Amazon to buy Whole Foods
2017-06-16 17:34:24 UTC
By Lauren Hirsch, Anya George Tharakan and Sruthi Ramakrishnan
Amazon.com Inc said on Friday it would buy U.S. organic supermarket chain Whole Foods Market Inc for $13.7 billion, including debt, marking the internet retailer's largest deal and bi...
Merkel's Plan is a Miracle for Africa
2017-06-14 05:08:30 UTC
Alpha Conde, head of the African Union and Guinean president, nudged German Chancellor Angela Merkel conspiratorially: yet another of his African counterparts had just described the so-called "Marshall Plan" for Africa, laid out by German Developm...
Trump is far away from overhauling bank regulation
2017-06-14 05:54:55 UTC
WASHINGTON — Wall Street banks on Tuesday cheered U.S. far-right nationalist President Donald Trump's plans to loosen the leash put on them in the wake of the 2008 financial crisis but they do not expect significant change any time soon.
Canada's boldest position: Setting its own course, avoiding Washington's 'quagmire'
2017-06-13 05:14:07 UTC
Canada sets its own course in the face of the Trump administration.
Amid Washington's shifting role on the global stage, leaders in Ottawa are urging Canada to take a new foreign policy direction. Are the country's traditionally strong ties...
Should I buy euros now or later?
2017-06-09 23:19:33 UTC
LONDON — The UK currency has experienced significant volatility in the fallout from the General Election.
The Conservatives failed to secure a majority in the contentious vote, leaving the nation grappling with the result of a hung parliament. ...
So much for strong and stable
2017-06-09 16:26:07 UTC
LONDON — British Prime Minister Theresa May said she would form a government backed by a small Northern Irish party after her Conservative Party lost its parliamentary majority in an election days before launching talks on Britain's EU departure.
Iran, Turkey announcing its support for Qatar
2017-06-07 16:34:22 UTC
TEHRAN/ANKARA/DOHA — Turkey's main exporting industry body said it was ready to meet food and water supply demands from Qatar, after a Qatari official said Doha was in talks with Iran and Turkey to ensure trade disruptions did not create shortages...
Growing skills mismatch in U.S. decreases hiring chance
2017-06-06 19:42:20 UTC
WASHINGTON — U.S. job openings surged to a record high in April and employers appeared to have trouble finding suitable workers, pointing to a tightening labor market that could encourage the Federal Reserve to raise interest rates next month.
Oil jumps as Qatar ditched, London attacks hurt sterling
2017-06-05 06:38:13 UTC
SINGAPORE — Oil jumped after Saudi Arabia, Egypt, the United Arab Emirates and Bahrain cut ties with Qatar on Monday while sterling slipped after the weekend attacks in London that killed at least seven people and wounded 48, just days before Brit...
Tech shares lead stocks to record highs and continue to rise
2017-06-04 05:28:11 UTC
NEW YORK — Technology shares have led U.S. stocks to record highs and are expected to continue to rise, but as market value becomes concentrated in the largest companies, some are beginning to look for the next rally leader.
The technology sect...
Global Warming: U.S. wants to plunder the planet
2017-05-31 18:28:52 UTC
U.S. far-right nationalist President Donald Trump, who has previously called global warming a hoax, plans to make good on his campaign vow to withdraw the United States from a global pact to fight climate change, a move that promises to deepen a...
Trump Isolated at G7 Summit, "Six against One"
2017-05-27 17:30:33 UTC
TAORMINA, ITALY — Trump's isolationism is his first great export, and Italy could be first in line.
The summit of Group of Seven wealthy nations pitted Trump against the leaders of Germany, France, Britain, Italy, Canada and Japan on several iss...
"America First" might turn out to be rather lonely
2017-06-02 19:05:10 UTC
At the NATO summit in Brussels, US President Donald Trump acted like a diplomatic bully. He arrived late, then shoved the Montenegrin prime minister aside to ensure his place in the front row. He turned what was planned as a short ceremonial addre...
Trump causes deep divisions with G7 leaders over trade, migration and climate
2017-05-26 17:42:42 UTC
TAORMINA, ITALY — Leaders from the world's major industrialized nations began talks on Friday at a G7 summit in Sicily which is expected to expose deep divisions with U.S. far-right nationalist President Donald Trump over trade and climate change....
TPP agreed to move the trade deal forward without U.S.
2017-05-21 04:56:58 UTC
Countries in the Trans-Pacific Partnership (TPP) agreed on Sunday to explore ways to move the trade deal forward after U.S. President Donald Trump's pulled out in his switch to an "America First" policy.
The so-called TPP-11 countries held thei...
Mexico to import record amount of corn from Brazil instead US
2017-05-19 07:08:25 UTC
MEXICO CITY — Mexico expects to import a record amount of yellow corn from Brazil this year after its livestock producers secured lower prices in deals with suppliers on a recent visit to South America as NAFTA talks loom, a Mexican official said ...
Ford plans to shrink its salaried workers in US by 3000
2017-05-16 06:32:03 UTC
WASHINGTON/DETROIT — U.S. far-right nationalist President Donald Trump promised: "Car companies coming back to U.S. JOBS! JOBS! JOBS!"
Now Ford plans to shrink its salaried workforce in North America and Asia by about 10 percent as it works t...
France and Germany to work on a roadmap for the EU
2017-05-15 20:25:01 UTC
BERLIN — Chancellor Angela Merkel chose to accentuate the positive ahead of her meeting with new French President Emmanuel Macron, a 39-year-old former investment banker who beat an ally from the US far-right nationalist President Donald Trump, Ma...
China calls for closer cooperation across Asia and Europe
2017-05-14 08:05:05 UTC
BEIJING — Chinese President Xi Jinping called Sunday for closer cooperation across Asia and Europe in areas from anti-terrorism to finance, as leaders from 29 countries gathered to promote a Chinese trade initiative.
He pledged $124 billion on...
G7 countries made it clear they do not share US Trump's view
2017-05-13 16:32:48 UTC
BARI, ITALY — Europe and Japan showed they remained worried about Washington's new policy.
U.S. Treasury Secretary Steven Mnuchin said the United States reserved the right to be protectionist if it thought trade was not free or fair.
"We do ...
General Electric: We're very supportive of NAFTA
2017-05-12 19:35:46 UTC
MONTERREY, MEXICO — General Electric Co's chief executive on Friday praised Mexico as a big part of its future growth and said the company is "very supportive" of the North American Free Trade Agreement (NAFTA) that U.S. far-right nationalist Pres...