EU and Mexico reached agreement on free trade deal
2018-04-22 17:58:44 UTC
BRUSSELS (Reuters) - German Chancellor Angela Merkel on Sunday welcomed an agreement reached between the European Union and Mexico on a new free trade deal, a coup for both parties in the face of increased protectionism from the United States unde...
Merkel and Macron seeking a joint proposal on EU reforms
2018-04-18 23:46:24 UTC
BERLIN (Reuters) - The leaders of Germany and France meet on Thursday to try to work out a common position on reforming the euro zone, a sensitive issue that is testing the new government in Berlin just a month after it took office.
China asks EU to stand together against US protectionism
2018-04-17 17:12:37 UTC
BEIJING/BRUSSELS (Reuters) - China’s international trade representative held a series of meetings with the ambassadors from major European nations last week to ask them to stand together with Beijing against U.S. protectionism, according to four s...
Why is Germany's dual education system coveted?
2018-04-06 22:04:13 UTC
The German economy is powered by products sold the world over. The strength of Europe's powerhouse depends on outbound shipments. We take a look at one of its latest exports and reveal the secrets behind its success.
Charlotte Falke creates tec...
Trump playing a game of chicken with US economy
2018-04-06 20:08:51 UTC
BEIJING/WASHINGTON (Reuters) - China warned on Friday it was fully prepared to respond with a “fierce counter strike” of fresh trade measures if the United States follows through on President Donald Trump’s threat to slap tariffs on an additional ...
China increased tariffs by up to 25 percent on 128 US goods
2018-04-02 06:29:23 UTC
BEIJING (Reuters) - China has increased tariffs by up to 25 percent on 128 U.S. products including frozen pork, wine and certain fruits and nuts, escalating a spat between the world’s biggest economies in response to U.S. duties on imports of alum...
California Judge Rules Coffee Sellers Should Post Cancer Warnings
2018-03-30 08:53:52 UTC
LOS ANGELES (AP) — Scientists haven’t rendered a verdict on whether coffee is good or bad for you but a California judge has. He says coffee sellers in the state should have to post cancer warnings.
The culprit is a chemical produced in the bea...
Repeal the Second Amendment, Retired Supreme Court Justice Says
2018-03-27 19:09:32 UTC
Retired Supreme Court Justice John Paul Stevens, responding to this past weekend's March For Our Lives in several cities, is proposing what some might call a radical solution to prevent further gun violence — repealing the Second Amendment.
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 economy is performing at its best level
2018-03-23 17:37:32 UTC
BRUSSELS (Reuters) - The euro zone’s economy is performing at its best level yet, European Council President Donald Tusk told reporters on Friday, calling for EU leaders to consider reforms.
“We are experiencing the most favorable situation sin...
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.
Trump sets China tariff plan, Dow plummets 720 points
2018-03-22 20:30:02 UTC
WASHINGTON (Reuters) - Global stocks had sold off on Thursday on the expectation of tough action from Trump, with U.S. markets down as much as 2.93 percent, plummets 724.42 points.
The Dow and Nasdaq stock indexes had fallen as much as 2 percen...
Trans-Atlantic under Trump is worse than it has been in decades
2018-03-22 07:36:03 UTC
From nationalism to NATO spending, the trans-Atlantic relationship under US President Donald Trump is worse than it has been in decades. But, note practitioners and scholars, it doesn't have to stay that way.
No American president in recent mem...
Chinese carmaker Geely's profit more than doubled in 2017
2018-03-21 07:58:51 UTC
SHANGHAI (Reuters) - Chinese carmaker Geely Automobile Holdings Ltd, whose chairman recently took a $9 billion stake in Germany’s Daimler AG, said on Wednesday its profits more than doubled in 2017, driven by strong domestic sales of popular SUVs....
China pushing new energy vehicles to boost its global presence
2018-03-20 07:23:59 UTC
SHANGHAI (Reuters) - Delegates to China’s annual meeting of parliament have urged the state to provide more policy clarity for the electric car industry and overhaul a local government subsidy program they say has distorted the market.
Oil Prices Rose, Lifted by a Weak Dollar
2018-03-20 07:11:11 UTC
SINGAPORE (Reuters) - Oil prices rose by almost 1 percent on Tuesday, lifted by a weak dollar, tensions in the Middle East and concerns of a further fall in Venezuelan output.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $62.59...
Trade war: Trump sets 25% tariff on steel, 10% on aluminum
2018-03-08 21:42:32 UTC
WASHINGTON/SANTIAGO (Reuters) - President Donald Trump pressed ahead with the imposition of 25 percent tariffs on steel imports and 10 percent for aluminum on Thursday but exempted Canada and Mexico, backtracking from earlier pledges of tariffs on...
Valuable Public Company: Amazon appears to beat Apple
2018-03-08 20:45:23 UTC
SAN FRANCISCO (Reuters) - Apple Inc, the world’s most valuable publicly listed company, is in danger of being beaten by Amazon.com Inc to the $1 trillion mark.
Wall Street’s optimism about last year’s 10th anniversary iPhone had propelled Apple...
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...
Trade War: Mexico Rejects U.S. Bid to Split NAFTA
2018-03-06 20:38:08 UTC
WASHINGTON/MEXICO CITY (Reuters) - Republican lawmakers stepped up calls for President Donald Trump to pull back from proposed tariffs on steel and aluminum imports as key trading partner Mexico rejected a bid by Washington to drive a wedge betwee...
Trump's protectionist measures will hurt US economy
2018-03-04 00:47:34 UTC
WASHINGTON - Trump finally appears poised to make good on his promised threats to slam the door on free trade and erect walls around the country’s economy.
The U.S. President kept up pressure on trading partners, threatening European automaker...
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.
The Economic Consequences of Trump's Trade War
2018-03-02 08:37:49 UTC
SEOUL/SYDNEY (Reuters) - The U.S. oil and gas industry slammed President Donald Trump's plan to impose tariffs on imported steel, saying the move would kill energy jobs by raising costs for big infrastructure projects.
Trump’s planned tarif...
U.S. Supreme Court Rejects Trump Over 'DACA' Immigrants
2018-02-26 18:07:39 UTC
WASHINGTON (Reuters) - The U.S. Supreme Court on Monday dealt a setback to President Donald Trump, requiring his administration to maintain protections he has sought to end for hundreds of thousands of immigrants brought illegally into the United ...