Economy

  • 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...
  • Amazon to buy Whole Foods
    Amazon_to_buy_whole_foods_-_(mill_valley_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
    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
    Trump_is_far_away_from_for_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. Th...
  • Canada's boldest position: Setting its own course, avoiding Washington's 'quagmire'
    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?
    Euro_jumps_to_three-_week_high_against_the_dollar 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
    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
    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
    Growing_skills_mismatch_in_the_united_states 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
    Oil-pump-jacks 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
    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
    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"
    Trump_isolated_at_g7_talks__%22six_against_one%22 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
    %22america_first%22_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
    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.
    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
    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
    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
    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
    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
    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
    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...