Senate rejects Obamacare repeal again, eyes 'skinny' bill
2017-07-27 05:51:10 UTC
WASHINGTON (Reuters) - Senate Republicans fell short again in their effort to end Obamacare, rejecting a measure to repeal large portions of former President Obama's signature law that has provided health insurance to millions of Americans.
US automakers expect a rougher ride for the rest of the year
2017-07-26 19:53:53 UTC
DETROIT (Reuters) - Ford Motor Co on Wednesday joined rival General Motors Co in reporting higher-than-expected second-quarter profits, and in the next breath warning of a rougher ride for the rest of the year.
Ford said full-year pre-tax profi...
Senate advances on healthcare and votes to open debate
2017-07-26 07:17:58 UTC
WASHINGTON (Reuters) - U.S. Senate Republicans narrowly agreed to open debate on a bill to repeal Obamacare, but the party's seven-year effort to roll back President Obama's signature healthcare law still faces significant hurdles.
Germany confronts Russia over Siemens turbines in Crimea
2017-07-23 04:38:53 UTC
<blockquote>FRANKFURT (Reuters) - Germany has warned Russia that breaches of sanctions including the relocation to Crimea of four gas turbines delivered to Russia by Siemens are straining political relations between the two countries, 'Bild am Son...
African immigrants in Germany help refugees to integrate
2017-07-21 06:52:17 UTC
<blockquote><h2>How African migrants are turning the tide for refugees in Germany</h2><h3><i>There's hardly anyone more qualified to help migrants and refugees new to Germany than former newcomers themselves. This is the premise of AfricanTide, an...
Solid European economic outlook kept euro strong against dollar
2017-07-21 04:12:59 UTC
TOKYO (Reuters) - Concerns about Trump's inability to push the US economy and strong global growth are weakening the dollar.
The euro held near two-year highs against the dollar on Friday after the head of the European Central Bank said taperin...
Obamacare repeal would leave 32 million more uninsured
2017-07-19 22:58:36 UTC
WASHINGTON (Reuters) - Thirty-two million Americans would lose their health insurance by 2026 if Obamacare is repealed without a replacement, the U.S. Congressional Budget Office reported late on Wednesday as President Donald Trump pushed fellow S...
Brexit EU hub: Morgan Stanley & Citigroup choosing Frankfurt
2017-07-19 16:48:26 UTC
FRANKFURT/LONDON (Reuters) - Morgan Stanley has chosen Frankfurt to be the new base for its European Union operations as Britain prepares to leave the bloc, according to a source familiar with the matter, becoming the latest U.S. bank to pick the ...
Republicans in chaos over healthcare legislation
2017-07-18 18:40:01 UTC
WASHINGTON (Reuters) - Republicans in the U.S. Congress were in chaos over healthcare legislation after a second attempt to pass a bill in the Senate collapsed late on Monday.
"Regretfully, it is now apparent that the effort to repeal and imme...
US Dollar falls to lowest level in 2017
2017-07-17 21:08:40 UTC
NEW YORK (Reuters) - The U.S. dollar hit its lowest level against a basket of major currencies in 10 months on Monday and the Australian dollar hit a more than two-year high on strong Chinese economic data and doubts that the Federal Reserve would...
Angela Merkel: Brexit changed my view on Europe
2017-07-15 18:57:48 UTC
ZINGST, Germany (Reuters) - German Chancellor Angela Merkel told voters on Saturday that Britain's decision to leave the European Union and France's election of President Emmanuel Macron had changed her view on the bloc, adding it was worth fighti...
McCain: The Republican bill to roll back Obamacare is likely dead
2017-07-09 17:08:21 UTC
WASHINGTON — U.S. Republican senator John McCain predicted on Sunday that the Republican bill to roll back Obamacare would likely fail, adding to growing signs that the bill is in trouble.
"My view is that it's probably going to be dead," Senat...
US auto industry has been bracing for a downturn
2017-07-03 16:51:23 UTC
The U.S. auto industry has been bracing for a downturn after hitting a record 17.55 million new vehicles sold in 2016. A glut of nearly new used vehicles poses competition for new vehicle sales and automakers have relied increasingly on high consu...
Tesla Model 3 passed all regulatory requirements for production
2017-07-03 06:23:42 UTC
Tesla Inc's high-volume Model 3 sedan passed all regulatory requirements for production two weeks ahead of schedule, Chief Executive Elon Musk tweeted on Sunday night.
Musk said in May that Tesla was on track to begin production of the $35,000 ...
Shortlisted bidders in race to buy $10b valued Global Logistic Properties Ltd
2017-07-03 05:50:18 UTC
SINGAPORE — Global Logistic Properties Ltd said on Monday it had received "firm proposals" from shortlisted bidders, days after sources told Reuters that suitors had narrowed to a management-backed Chinese consortium and a group led by Warburg Pin...
VW to spend $800 million in California and a total of $2 billion nationwide on clean car infrastructure
2017-06-29 23:39:43 UTC
San Francisco — Volkswagen AG on Thursday told California it was expanding efforts to build electric car infrastructure in poorer communities, responding to regulators who described "shortcomings" in VW's plan.
The California Air Resources Boar...
GOP delays vote on health care bill: Fear of a disastrous defeat
2017-06-27 21:00:38 UTC
WASHINGTON — Facing a potentially disastrous defeat by members of his own party, U.S. Senate Majority Leader Mitch McConnell decided on Tuesday to delay a vote on healthcare legislation in order to get more support from Republican senators.
Massive hack attack: "It's like WannaCry all over again"
2017-06-27 17:39:04 UTC
MOSCOW/KIEV — A ransomware attack hit computers across the world on Tuesday, taking out servers at Russia's biggest oil company, disrupting operations at Ukrainian banks, and shutting down computers at multinational shipping and advertising firms....
Koch brothers: Eliminate medicaid for poor and disabled Americans
2017-06-26 07:13:57 UTC
COLORADO SPRINGS, COLO. — Officials with the conservative U.S. political network overseen by the Koch brothers say they are unhappy with the healthcare bill that may be voted on by the Senate this week and will lobby for changes to it.
At a wee...
Sanders Calls Trump & Republicans Healthcare Plan 'Barbaric'
2017-06-24 17:48:38 UTC
In an appearance on Anderson Cooper 360, Sen. Bernie Sanders (I-VT) explained why the newly-release Affordable Health Care Act is “the most harmful piece of legislation” he’s ever seen.
“If you throw over 23 million people off of health insuran...
Obama: The Senate bill would raise costs, reduce coverage, roll back protections
2017-06-24 17:51:21 UTC
Barack Obama released a blistering statement on Thursday condemning Senate Republicans’ plans to repeal and replace the Affordable Care Act, calling the draft legislation a “massive transfer of wealth from middle-class and poor families to the ric...
Ford announces a new manufacturing investment in China
2017-06-20 17:58:55 UTC
DETROIT/WASHINGTON — Ford will export the next-generation Focus compact car from China to North America in 2019, rather than from Mexico as earlier planned, saving the company $500 million, a top executive said on Tuesday.
It is the first major...
Trump owes at least $315.6 million to German and other lenders
2017-06-17 07:34:21 UTC
WASHINGTON — President Donald Trump had personal liabilities of at least $315.6 million to German, U.S. and other lenders as of mid-2017, according to a federal financial disclosure form released late on Friday by the U.S. Office of Government Eth...
Angela Merkel threatens retaliation if U.S. sanctions on Russia harm EU firms
2017-06-16 18:20:14 UTC
BERLIN/BRUSSELS — Germany threatened on Friday to retaliate against the United States if new sanctions on Russia being proposed by the U.S. Senate end up penalizing German firms.
The Senate bill, approved on Thursday by a margin of 98-2, includ...
Amazon to buy Whole Foods
2017-06-16 17:34:24 UTC
By Lauren Hirsch, Anya George Tharakan and Sruthi Ramakrishnan
Amazon.com Inc said on Friday it would buy U.S. organic supermarket chain Whole Foods Market Inc for $13.7 billion, including debt, marking the internet retailer's largest deal and bi...