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...
Highly-skilled foreign workers favor Canada, not the 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
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
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
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...
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...
Canada takes swipe at US, could buy European fighter 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
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
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
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
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
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
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...
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...
Strong German Growth Data Lifts Euro
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...
Germany intends to set up a mandatory registry of lobbyists
2017-11-14 21:57:06 UTC
BERLIN (Reuters) - German parties exploring a coalition government agreed on Tuesday to set up a mandatory registry of lobbyists and may require private firms to disclose breaches of cyber defenses, according to a draft paper on security seen by R...
BREXIT: UK will not say how much it owes the EU
2017-11-12 16:50:04 UTC
LONDON (Reuters) - Britain will not offer a figure or a formula for how much it believes it owes the European Union, Brexit minister David Davis said on Sunday, after the EU demanded that London spell out its approach to the final bill to unblock ...
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.
AT&T CEO Says Never Offered to Sell CNN
2017-11-09 05:04:37 UTC
NEW YORK/WASHINGTON (Reuters) - U.S. antitrust regulators and AT&T Inc sparred on Wednesday over whether the wireless carrier would be required to sell Time Warner Inc’s CNN cable network as a condition of approval of its deal to buy the media com...
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...
Bitcoin surged to a record high of more than $6,000
2017-10-20 20:12:57 UTC
NEW YORK (Reuters) - Bitcoin surged to a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion at one point, as investors continued to bet on an asset that has a limited supply and has paved the way for a who...
GOP and Democrats Appeared to Reach a Deal on Obamacare
2017-10-17 22:38:43 UTC
WASHINGTON (Reuters) - Two U.S. senators on Tuesday announced a bipartisan breakthrough to shore up Obamacare for two years by reviving federal subsidies for health insurers that President Donald Trump planned to scrap, and the president voiced su...
Scientists Detect Light From Gravitational Wave
2017-10-16 19:27:03 UTC
CAMBRIDGE, Mass. (Reuters) - When neutron stars collide: Scientists in Europe and the U.S. have for the first time detected gravitational waves, the ripples in space and time predicted by Albert Einstein, at the same time as light from the same co...
Brexit: "British Government Doesn't Know What It Wants"
2017-10-05 17:25:39 UTC
BERLIN (Reuters) - German firms active in Britain should make provisions now for a “very hard Brexit”, Germany’s biggest industry group said on Thursday, because the government in London does not know what it wants.
The Federation of German Ind...