Economy

  • US Congress Struggling to Avoid a Partial Government Shutdown
    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.
    Highly-skilled_foreign_workers_favor_canada__not_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
    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
    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
    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
    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
    Canada_takes_swipe_at_us_could_buy_new_european_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
    Bitcoin_loses_over_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
    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
    Jpmorgan's_jamie_dimon_says_bitcoin_%e2%80%9cis_a_fraud%e2%80%9d_and_will_blow_up 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
    U.s._politics_have_been_corrupted_by_money__we_don%e2%80%99t_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
    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
    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
    Canada-_justin_trudeau_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
    Solid_european_economic_outlook_kept_euro_strong_against_dollar 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
    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
    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
    Trump_-_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
    Germany%e2%80%99s_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. The tax...
  • AT&T CEO Says Never Offered to Sell CNN
    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
    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
    Jpmorgan's_jamie_dimon_says_bitcoin_%e2%80%9cis_a_fraud%e2%80%9d_and_will_blow_up 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
    Obamacare_repeal_fails-_president_obama%e2%80%99s_health_law_stay 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
    Scientists_detect_light_from_gravitational_wave_when_neutron_stars_collide 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"
    Brexit-_%22british_government_doesn't_know_what_it_wants%22_-_theresa_may_ 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...