Economy

  • Warning directed at Trump: Mexico outlines plans for alternatives on trade
    Warning_directed_at_trump-_mexico_outlines_plans_for_alternatives_on_trade 2017-05-12 18:44:03 UTC
    In the warning directed at the U.S. far-right nationalist President Donald Trump, Mexican Economy Minister Ildefonso Guajardo, outlines plans for alternatives on trade. He sent a stark message to Trump, saying an upcoming visit by Mexican offic...
  • California Leads U.S. Economy, Away From Trump
    California_leads_u.s._economy__away_from_trump 2017-05-12 05:13:22 UTC
    <blockquote><h3><i>Whatever the president says, this state does the opposite. It's working.</h3></i> To justify his executive orders nullifying policies protecting people from climate change, hazardous working conditions and persecution because...
  • NY Fed: Trump's protectionism is a "dead end"
    William_dudley__ny_fed_trump's_protectionism_is_a_dead_end 2017-05-11 21:41:20 UTC
    William Dudley, head of the New York Fed and one of the most influential Federal Reserve officials said on Thursday in the central bank's strongest defense yet of open borders in the face of a skeptical Trump administration, trade protectionism is...
  • German's Aldi is going to beat the largest US retailer at its own game
    German's_aldi_is_going_to_beat_the_largest_us_retailer_at_its_own_game 2017-05-11 06:57:56 UTC
    German grocery chain Aldi is going to beat the largest US retailer at its own game: low prices. Already with 1,600 U.S. stores, Aldi’s internal studies show its prices are 21 percent lower than its lowest-priced rivals, including Wal-Mart Store...
  • Euro Gets Stronger Against The Dollar After French Election
    Euro_gets_stronger_against_the_dollar_after_french_election 2017-05-08 05:12:15 UTC
    The euro pulled away from highs hit early in the Asian session on Monday as investors took profits from its gains after centrist Emmanuel Macron's victory over the far-right Marine Le Pen in France's presidential election. Macron's resounding d...
  • Canada is considering duties on some exports from U.S.
    16825_justin_trudeau_seeks_to_avoid_potential_u.s._-_canada_trade_war 2017-05-07 06:38:44 UTC
    By David Ljunggren | OTTAWA — Canada struck back at the United States over a lumber dispute, threatening to ban shipments of U.S. thermal coal from Pacific ports and suggesting sanctions against products from Oregon. Liberal Prime Minister Just...
  • America's Bad Health Care System Is Getting Worse
    America's_bad_health_care_system_is_getting_worse 2017-05-05 01:42:08 UTC
    WASHINGTON — GOP House majority approved a bill to repeal Obamacare, which enabled 20 million more Americans to get health insurance. Democrats say it would make insurance unaffordable for those who need it most and leave millions more uninsur...
  • The U.S. Doesn't Have the Money to Build Trump's Wall
    The_us_doesn't_have_the_money_to_build_trump's_wall 2017-05-01 06:03:18 UTC
    U.S. Congress would not provide any money for Trump's promised border wall with Mexico, Several important White House initiatives were rejected by the Republican and Democratic negotiators, including money for a wall on the U.S.-Mexico border t...
  • Germany: Greece Has Made Strong Reforms Progress
    Germany-_greece_has_made_strong_reforms_progress 2017-04-30 06:41:34 UTC
    German Finance Minister Wolfgang Schaeuble was quoted in a newspaper interview on Sunday saying that Greece has made strong progress toward introducing reforms that could lead to the imminent release of further financial support. "If the Greek ...
  • Trump's Nonsense Economic Plan Doesn't Work With Simple Math
    Trump's_nonsense_economic_plan_doesn't_work_with_simple_math 2017-04-29 15:27:27 UTC
    WASHINGTON — The U.S. could seek to renegotiate NAFTA (North American Free Trade Agreement), but it’s unclear what Trump wants from Mexico and Canada. There are currently no tariffs on goods traded in North America. The U.S. also could withdraw fr...
  • German Economy Booms Despite U.S. Protectionism Anarchy
    German_economy_booms_despite_u.s._protectionism_anarchy 2017-04-28 15:54:29 UTC
    By Michael Nienaber | HAMBURG, GERMANY — When port manager Axel Mattern looks out onto the Elbe River from his office in Hamburg's historic warehouse district, he can literally count the rising number of container ships leaving Germany's biggest h...
  • Public records shows how Trump is using pension funds to enrich himself
    Trump_soho_hotel_scandal 2017-04-26 18:37:14 UTC
    By Julia Harte | WASHINGTON — Public pension funds in at least seven U.S. states have invested millions of dollars in an investment fund that owns a New York hotel and pays one of President Donald Trump's companies to run it, according to a Reuter...
  • Trump's Tax Plan With Big Cuts For Businesses Like His
    Trump's_tax_plan_with_big_cuts_for_business_like_his 2017-04-26 18:33:19 UTC
    WASHINGTON — Trump proposed slashing the U.S. tax rate on corporate and pass-through business profits to 15 percent from 35 percent or more, while also offering tax cuts to average Americans in a rough outline of his tax policy goals. A one-pag...
  • Judge Blocks Trump Order to Withhold Money From Sanctuary Cities
    Judge_blocks_trump_order_to_withhold_money_from_sanctuary_cities 2017-04-25 22:52:37 UTC
    SAN FRANCISCO — A federal judge in San Francisco blocked the Trump administration’s efforts to withhold funding from cities that limit their cooperation with federal immigration enforcement, another setback for President Trump in what is shaping u...
  • Trudeau vows to stand up for Canadian interests against Trump
    Justin_trudeau_rejected_trump's_rhetoric_over_canadian_dairy_industry 2017-04-25 17:13:52 UTC
    OTTAWA — Prime Minister Justin Trudeau vowed to stand up for Canadian interests on Tuesday after the U.S. imposed new tariffs on softwood lumber and trade tensions between the two countries escalated, sending the Canadian dollar to a 14-month low....
  • Trump demands new sanctions against North Korea
    Trump's_options_limited_in_dealing_with_north_korea__despite_his_rhetoric 2017-04-24 23:25:15 UTC
    By Steve Holland and Ben Blanchard | WASHINGTON/BEIJING U.S. President Donald Trump said on Monday the U.N. Security Council must be prepared to impose new sanctions on North Korea as concerns mount that it may test a sixth nuclear bomb as early ...
  • Merkel Schools Trump: You Can't Do A Trade Deal With Germany
    Merkel_schools_trump-_you_can't_do_a_trade_deal_with_germany 2017-04-22 19:08:55 UTC
    "Ten times Trump asked her ( German Chancellor Angela Merkel ) if he could negotiate a trade deal with Germany," the newspaper quoted a senior German politician as saying. "Every time she replied, 'You can't do a trade deal with Germany, only t...
  • U.S. Government Threatens Funding Cut To California
    San-francisco-california 2017-04-22 06:24:27 UTC
    WASHINGTON — The U.S. Department of Justice threatened on Friday to cut some funding to California as well as eight cities and counties across the United States, escalating a Trump administration crackdown on so-called sanctuary cities that do n...
  • GOP Struggling To Pass A Spending Package To Keep The Government Open
    Gop_struggling_to_pass_a_spending_package_to_keep_the_government_open 2017-04-21 15:07:39 UTC
    WASHINGTOn — Trump and his fellow Republicans who control Congress face their first major budget test next week, with the threat of a U.S. government shutdown potentially hinging on his proposed Mexican border wall as well as Obamacare funding. ...
  • Trudeau rejects Trump's rhetoric over Canadian dairy system
    Justin_trudeau_rejected_trump's_rhetoric_over_canadian_dairy_industry 2017-04-20 17:47:39 UTC
    Canadian Prime Minister Justin Trudeau on Thursday brushed off an attack by U.S. President Donald Trump against Canada's system of dairy protections, saying every nation defended its agricultural industries. Trudeau told Bloomberg Television th...
  • World Bank Express Concerns Over Trump's Economic Policy
    World_bank_express_concerns_over_trump's_economic_policy 2017-04-20 10:33:25 UTC
    WASHINGTON — Global finance leaders are gathering on Trump's home turf to try to nudge his still-evolving policies away from protectionism and show broad support for open trade and global integration. The International Monetary Fund and World B...
  • U.S. says Iran is in compliance with nuke deal, wants to review lifting of sanctions
    Secretary_of_state_rex_tillerson_wants_montenegro_to_be_a_member_of_nato 2017-04-19 08:10:31 UTC
    By Lesley Wroughton | WASHINGTON — The Trump administration said on Tuesday it was launching an inter-agency review of whether the lifting of sanctions against Iran was in the United States' national security interests, while acknowledging tha...
  • Greece Needs To Implement Reforms To Secure A New Loan
    Greece_needs_to_implement_reforms_to_secure_a_new_loan 2017-04-18 07:45:33 UTC
    The International Monetary Fund will not take part in a bailout program for Greece if it deems the country's debt is unsustainable, the international lender's chief Christine Lagarde said in an interview published on Tuesday. Greece needs to im...
  • Germany's Volkswagen ready for selling more green cars in China
    Germany's_volkswagen_ready_for_selling_more_green_cars_in_china 2017-04-18 06:27:54 UTC
    China has aggressively promoted plug-in hybrid and battery electric cars, dubbed 'new energy vehicles', to fight urban smog but is gradually phasing out subsidies in favor of hard requirements like quotas. Under draft rules released in Septembe...
  • Trump Targets H-1B Visas Which Are Used Largely By Tech Industry
    Trump_targets_h-1b_visas_which_are_used_largely_by_tech_industry 2017-04-18 05:04:49 UTC
    U.S. President Donald Trump targets H-1B visas which are used largely by tech industry and will sign an executive order directing federal agencies to recommend changes to a temporary visa program used to bring foreign workers to the U.S. to fill h...