Trump signs spending bill that "nobody read it"
2018-03-23 18:45:02 UTC
WASHINGTON (Reuters) - U.S. President Donald Trump signed Congress’ newly passed $1.3 trillion spending bill on Friday, ending suspense over a surprising threat he made hours earlier to veto the budget and shut down the federal government.
European Union: It is not clear what Trump wants
2018-03-23 16:29:14 UTC
BRUSSELS (Reuters) - The European Union’s trade chief is unsure what Washington wants in return for a permanent EU exemption from steel tariffs but she warned on Friday that she would resist pressure to cut EU duties on U.S. cars.
EU Schools Trump On Trade: You're Wrong! Trade Wars Are 'Easy to Lose'
2018-03-08 03:59:42 UTC
The EU has said US tariffs would be met with a "proportionate response." The European Council, IMF and WTO have warned Trump he is very wrong about trade wars being easy to win.
The European Commission on Wednesday presented its strategy for re...
Top Trump Economic Adviser Resigns After Dispute Over Tariffs
2018-03-07 00:00:27 UTC
WASHINGTON (Reuters) - Top White House economic adviser Gary Cohn, a Wall Street banker who opposes hefty steel and aluminum tariffs planned by U.S. President Donald Trump, said on Tuesday that he was resigning.
“It has been an honor to serve m...
Eurozone Posts Fastest Economic Growth in a Decade
2018-03-02 08:55:40 UTC
BENGALURU (Reuters) - While euro zone business growth was the fastest in well over a decade at the start of the year, it lost some steam last month as a stronger currency took its toll, a private-sector survey of purchasing managers showed.
Rebuilding Iraq after war with ISIS will cost $88.2 billion
2018-02-12 10:49:21 UTC
KUWAIT (Reuters) - Rebuilding Iraq after three years of war with Islamic State will cost $88.2 billion, with housing a particularly urgent priority, Iraqi officials told an international donors’ conference on Monday.
Donors and investors have g...
Paul: I can't look the other way by trillion-dollar deficits
2018-02-09 06:06:44 UTC
WASHINGTON (AP) — The U.S. government stumbled into a shutdown at midnight as a rogue Senate Republican blocked a speedy vote on a massive, bipartisan, budget-busting spending deal, protesting the return of trillion-dollar deficits on the watch of...
Germany's Economy Growing Fast with Surplus
2018-02-01 22:18:01 UTC
BERLIN (Reuters) - The German government this week raised its 2018 growth forecast to 2.4 percent from 1.9 percent after bullish economic data, which could translate into added tax revenues.
That would give more leeway to increase state spendin...
Doctors can detect deadliest cancers through blood test
2018-01-21 17:59:46 UTC
The future isn't far off, according to US researchers: doctors will soon be able to detect cancer and locate tumor cells just by examining one blood sample. But is this new screening method as good as it sounds?
<blockquote>Cancer of the ovarie...
Scotland Sees 'Golden' Chance to Stay in 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...
Zimbabweans of European Origin Return 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...
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
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
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...
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 ...
Zimbabwe's government will Extend Amnesty on Outstanding Taxes
2017-12-08 07:04:50 UTC
HARARE — Zimbabwe's Finance and Economic Development Minister Patrick Chinamasa proposed an amnesty for interest and penalties on outstanding taxes accrued prior to December 1, 2017 for taxpayers who come forward and settle their obligations withi...
Bitcoin tops an all-time high above $10,000
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 ...
Canada reaches out to US Congress to bypass Trump on NAFTA
2017-11-15 20:02:04 UTC
OTTAWA (Reuters) - Canada will redouble its lobbying efforts in Congress to block any Trump administration move to pull the United States out of NAFTA, sources familiar with government strategy said, as talks to modernize the treaty run into troub...
TPP Countries Agree to Move Ahead Without the US
2017-11-11 07:34:30 UTC
DANANG, Vietnam (Reuters) - Countries in the Trans Pacific Partnership (TPP) trade deal have agreed on the core elements to move ahead without the United States, officials said on Saturday, after last minute resistance from Canada raised new doubt...
Germany’s Strong Economic Growth Creates Tax Surplus of 30 Billion Euros
2017-11-09 23:36:47 UTC
BERLIN (Reuters) - Germany’s new tax estimates show the next federal government will have around 30 billion euros available for tax cuts and additional spending over the next four years, Finance Minister Peter Altmaier said on Thursday.
Trump’s administration has links with Russian allies of Putin
2017-11-06 04:23:28 UTC
WASHINGTON (Reuters) - A top member of Donald Trump's administration has business links with Russian allies of President Vladimir Putin who are under US sanctions, Leaked files from offshore law firm show.
Partnerships used by Ross, a billiona...
GOP Massive Tax Cuts Will Lead to Major Deficit and Debt
2017-11-02 21:24:00 UTC
WASHINGTON (Reuters) - U.S. House of Representatives Republicans unveiled long-delayed legislation on Thursday to deliver deep tax cuts that President Donald Trump has promised.
The bill, representing what would be the largest overhaul of the U...
EU Reaffirms Full Commitment to the Iran Nuclear Deal
2017-10-19 23:53:02 UTC
BRUSSELS (Reuters) - European Union leaders on Thursday reaffirmed their full commitment to the 2015 nuclear deal between Iran and world powers, hoping that the U.S. Congress would not let it collapse despite relentless criticism by President Dona...
Trump's Tax Plan Will add Trillions of Dollars to the Debt
2017-09-28 06:48:39 UTC
WASHINGTON (Reuters) - President Donald Trump proposed on Wednesday the biggest U.S. tax overhaul in three decades, calling for tax cuts for most Americans, but prompting criticism that the plan favors business and the rich and could add trillions...
Emmanuel Macron Sets Out Progressive Vision For EU
2017-09-26 16:47:29 UTC
PARIS (Reuters) - French President Emmanuel Macron offered a sweeping vision for a renewal of Europe on Tuesday, calling for the EU to cooperate more closely on defense, immigration, tax and social policy, and for the single currency bloc to have ...