Economy

  • 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...
  • US government rescinds rules aimed at ensuring a free and open internet
    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
    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
    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
    Eu's_juncker_on_brexit_talks_-_we_have_made_the_breakthrough_we_needed 2017-12-08 07:29:33 UTC
    <h3>BREAKING NEWS: 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
    Canada_takes_swipe_at_us_could_buy_new_european_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
    Bitcoin_loses_over_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
    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
    Jpmorgan's_jamie_dimon_says_bitcoin_%e2%80%9cis_a_fraud%e2%80%9d_and_will_blow_up 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
    U.s._politics_have_been_corrupted_by_money__we_don%e2%80%99t_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
    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
    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
    Solid_european_economic_outlook_kept_euro_strong_against_dollar 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...