Economy

  • 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...
  • US hiring slowed to an 11-month low in September
    Us_job_openings_continue_to_tighten_amid_a_scarcity_of_qualified_workers 2017-10-04 16:44:29 UTC
    (Reuters) - U.S. companies scaled back their hiring to an 11-month low in September after two powerful hurricanes disrupted some business activities, while the vast domestic services sector overcame those snags to expand at its fastest pace in 12 ...
  • Tom Price Resigns as Health Secretary
    Tom_price_out 2017-09-29 20:56:59 UTC
    Health and Human Services Secretary Tom Price resigned Friday afternoon, following his use of private and military planes for official travel. Politico first uncovered Price’s use of private chartered flights in an investigation last week, and ...
  • Treasury Department Takes Down Study Showing Tax Plan Does Not Benefit Working Class
    Mnuchin_reading_at_confirmation 2017-09-29 14:20:24 UTC
    Earlier this week, the Trump administration revealed its long-awaited tax plan, the broad strokes of which are massive tax cuts for people like one Donald Trump and corporate America, at the expense of low-income families and the middle class. Ind...
  • Trump's Tax Plan Will add Trillions of Dollars to the Debt
    Trump_undermines_trust_between_partners-_%22i_have_the_absolute_right%22 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...
  • Trump: Republicans Have Votes to Pass Healthcare Later
    Trump_healthcare 2017-09-27 13:07:35 UTC
    WASHINGTON (Reuters) - Republicans have enough support to pass their healthcare overhaul but not this week, President Donald Trump said on Wednesday, one day after Senate Republicans admitted defeat over their effort to repeal and replace Obamacar...
  • Emmanuel Macron Sets Out Progressive Vision For EU
    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 ...
  • Equifax CEO Retires Following Cyber Attack
    Equifax_magnifying_hack 2017-09-26 14:56:21 UTC
    (Reuters) - Equifax Inc said on Tuesday its Chief Executive Officer Richard Smith will retire following a massive data breach at the credit reporting firm that exposed personal details of up to 143 million U.S. consumers. The announcement comes...
  • Turkey’s Erdogan threatens to cut oil pipeline from Kurdistan, Iraq to the outside world
    Turkey%e2%80%99s_erdogan_threatens_to_cut_oil_pipeline_from_kurdistan__iraq_to_the_outside_world 2017-09-26 07:39:37 UTC
    TOKYO (Reuters) - Oil prices took a breather on Tuesday after Brent crude earlier rose to a 26-month high, supported by Turkey’s threat to cut crude flows from Iraq’s Kurdistan region to the outside world. Turkish President Tayyip Erdogan threa...
  • Senate Opposition to Obamacare Repeal Grows: Collins, Cruz, Lee Lean Against
    Cruz_obamacare_repeal 2017-09-24 18:06:35 UTC
    WASHINGTON (Reuters) - A proposal by U.S. Republicans to repeal and replace the Obamacare health insurance program suffered serious new setbacks within the party on Sunday, when Senator Ted Cruz expressed his opposition and Senator Susan Collins d...
  • Medicaid Directors Reject Graham-Cassidy Repeal
    Medicaid_directors_graham_cassidy 2017-09-23 18:05:48 UTC
    In a blistering statement released Friday morning, the association representing state Medicaid directors took Congress to task for rushing a bill to the floor that would completely overhaul the nation’s health care system in just a few years and d...
  • McCain Does Not Support New GOP Obamacare Repeal
    Mccain_does_not_support_new_gop_obamacare_repeal 2017-09-22 18:56:09 UTC
    WASHINGTON (Reuters) - U.S. Senator John McCain said on Friday that he would vote against a new Republican bill to dismantle Obamacare if it is brought onto the Senate floor next week, in a new setback for the proposal. “I cannot in good consci...
  • Brexit: 10,000 finance jobs will be shifted out of Britain
    Brexit-_10_000_finance_jobs_will_be_shifted_out_of_britain 2017-09-18 14:51:50 UTC
    LONDON (Reuters) - Around 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if the UK is denied access to Europe’s single market, according to a Reuters survey of firms employing the bulk of workers in in...
  • Emmys 2017: Full list of winners from the 69th annual awards
    Emmys_2017-_full_list_of_winners_from_the_69th_annual_awards 2017-09-18 04:29:40 UTC
    <The stars of the small screen stepped out from behind the camera Sunday night for the 69th annual Emmy Awards. While some of the nominees were TV legends, others arrived at the Microsoft Theater in Los Angeles with empty trophy stands. Chec...
  • Political comedy "Veep", "The Handmaid's Tale" and "Saturday Night Live" won the top prizes at the Emmy Awards 2017
    Emmys_2017-_full_list_of_winners_from_the_69th_annual_awards 2017-09-18 04:43:21 UTC
    LOS ANGELES (Reuters) - “The Handmaid’s Tale” and political comedy “Veep” won the top prizes at the Emmy awards on Sunday, where “Saturday Night Live” was also a big winner on a night dominated by jokes about U.S. President Donald Trump. In the...
  • EU Plans To Raise Taxes For Internet Giants
    Eu_plans_to_raise_taxes_for_internet_giants 2017-09-17 00:53:39 UTC
    TALLINN (Reuters) - A European Union plan to raise more tax from digital multinationals faced the first signs of scepticism on Saturday, as smaller members of the bloc warned about the economic impact from such a move. France wants to tax compa...
  • Elizabeth Warren launches investigation into Equifax breach
    Elizabeth_warren_launches_an_investigation_into_equifax_data_breach 2017-09-16 02:48:20 UTC
    WASHINGTON (Reuters) - U.S. Senator Elizabeth Warren said on Friday she has begun an investigation into Equifax’s massive data breach, and along with 11 other Democratic senators, introduced a bill to allow consumers to freeze their credit for fre...
  • Median U.S. Household Income Sets Record in 2016
    Us_census_bureau 2017-09-13 18:28:17 UTC
    SEPT. 12, 2017 — The U.S. Census Bureau announced today that real median household income increased by 3.2 percent between 2015 and 2016, while the official poverty rate decreased 0.8 percentage points. At the same time, the percentage of people w...
  • US job openings continue to rise amid a scarcity of qualified workers
    Us_job_openings_continue_to_tighten_amid_a_scarcity_of_qualified_workers 2017-09-12 20:29:53 UTC
    WASHINGTON (Reuters) - U.S. job openings rose to a record high in July, suggesting a slowdown in job growth in August was an aberration and that the labor market was strong before the recent disruptive hurricanes. The monthly Job Openings and L...
  • Equifax Hack Exposes Data of Up to 143 Million Customers
    Equifax_data_breach 2017-09-08 17:21:16 UTC
    By Yashaswini Swamynathan (Reuters) - Equifax Inc, a provider of consumer credit scores, said on Thursday that personal details of as many as 143 million U.S. consumers were accessed by hackers between mid-May and July, in what could be one of ...
  • Ryan and Mnuchin See U.S Tax Overhaul by End of Year
    Ryan_press_briefing 2017-09-07 17:05:19 UTC
    Doina Chiacu, Susan Heavey WASHINGTON (Reuters) - Treasury Secretary Steven Mnuchin and House of Representatives Speaker Paul Ryan voiced confidence on Thursday that Congress will pass an overhaul of the U.S. tax code by the end of this year, a...
  • Brazilian Firm, Odebrecht, Denies Paying Venezuelan Politician $100 Million
    Odebrecht_venezuela 2017-09-07 16:33:08 UTC
    CARACAS (Reuters) - Scandal-hit Brazilian construction company Odebrecht denied accusations it paid $100 million to Venezuelan Socialist Party Vice President Diosdado Cabello, as alleged by the country’s fugitive former chief prosecutor. Luisa ...
  • Trump Strikes Deal With Democrats: Debt Limit, Harvey Funds
    Trump_democrats_deal 2017-09-07 16:28:01 UTC
    By RACHAEL BADE, BURGESS EVERETT and JOSH DAWSEY Donald Trump, who casts himself as a master negotiator, took the first offer Democrats put on the table. Republicans left the Oval Office Wednesday stunned. Trump had quickly sided with Democ...
  • Melting Permafrost Unlocks Carbon, Disease
    Melting_permafrost 2017-09-06 16:58:53 UTC
    The consequences of climate change are perhaps most weirdly expressed in the Arctic. A recent <a href="https://www.vox.com/2017/9/6/16062174/permafrost-melting" >article by Brian Resnick of Vox.com</a> explores the changes to Arctic permafrost...
  • Macron backs Germany’s idea of a European Monetary Fund to counter economic shocks
    Macron_backs_germany%e2%80%99s_idea_of_a_european_monetary_fund_to_counter_economic_shocks 2017-09-07 17:57:39 UTC
    ATHENS (Reuters) - French President Emmanuel Macron on Thursday backed Germany’s idea of a European Monetary Fund (EMF) to counter economic shocks in euro zone member states but stressed the ultimate goal of deeper integration should remain a euro...