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Germany to halt all arms exports to Saudi

2018-10-22 21:35:32 UTC
ORTENBERG, Germany (Reuters) - German Chancellor Angela Merkel on Monday called the killing of journalist Jamal Khashoggi at the Saudi consulate in Istanbul a “monstrosity” and vowed to halt all German arms exports to Riyadh until the case is clea...

Brexit: EU to break a deadlock over the Irish border

2018-10-22 17:03:04 UTC
BRUSSELS (Reuters) - European Union negotiators are looking at ways to promise Britain a customs deal that could stretch Brussels’ Brexit red lines but might break a deadlock over the Irish border, EU sources close to the talks have told Reuters. ...

UK can remain in EU single market until end of 2020

2018-10-17 00:13:39 UTC
BERLIN (Reuters) - The European Commission has offered to allow Britain to remain in the EU customs union and internal market beyond an agreed transitional arrangement until the end of December 2020, the Frankfurter Allgemeine Zeitung reported on ...

Brexit: The Irish border has become a sticking point

2018-10-15 16:25:14 UTC
LUXEMBOURG (AP) — Britain and the European were still both refusing to blink Monday over the question of the Irish border in Brexit talks — only two days ahead of a summit once seen as the moment when they would have to reach deal on Britain’s div...

Facebook says hackers accessed data from 29 million accounts

2018-10-12 17:50:55 UTC
NEW YORK (AP) — Facebook says hackers accessed data from 29 million accounts as part of the security breach disclosed two weeks ago. The exact number hadn’t been known before. Originally Facebook said 50 million accounts could have been affecte...

US Stock Markets In A Free Fall

2018-10-11 21:54:02 UTC
NEW YORK — The Dow Jones Industrial Average and the S&P 500 fell sharply again Thursday after both indexes on Wednesday logged their largest losses on a percentage basis since Feb. 8. The S&P 500 has closed lower for five straight days. The Nas...

Dominated by men: Amazon scraps tool that showed bias against women

2018-10-11 21:53:47 UTC
SAN FRANCISCO (Reuters) - Amazon.com Inc’s (AMZN.O) machine-learning specialists uncovered a big problem: their new recruiting engine did not like women. The team had been building computer programs since 2014 to review job applicants’ resumes ...

Wall Street faces worst day since February

2018-10-11 21:53:35 UTC
NEW YORK (Reuters) - Stocks on major world markets slid to a three-month low on Wednesday, with the benchmark S&P500 stock index falling more than 3.0 percent, its biggest one-day fall since February. Technology shares tumbled on fears of slowi...

London mayor calls for second referendum on Brexit

2018-09-16 18:23:03 UTC
LONDON (Reuters) - London mayor Sadiq Khan has called for another referendum on Britain’s European Union membership, saying the prime minister’s handling of Brexit negotiations had become “mired in confusion and deadlock” and was leading the count...

Low unemployment rates are inevitably followed by recessions

2018-09-13 04:51:55 UTC
WASHINGTON (Reuters) - U.S. Federal Reserve officials tout a decade of falling unemployment as among their major victories in fighting the economic crisis of 2007 to 2009. Now they are beginning to worry they have been too successful. When unem...

Ireland doesn't give UK a free-ride back-door to EU

2018-09-12 19:06:52 UTC
BRUSSELS (Reuters) - European Union officials are working on re-drafting a sensitive Irish protocol to the draft Brexit treaty with Britain, as part of what EU negotiator Michel Barnier has called efforts to “de-dramatize” the issue and get a deal...

Mercedes-Benz launches 'all-electric SUV with 450 km range'

2018-09-04 18:13:12 UTC
STOCKHOLM (Reuters) - Mercedes showed on Tuesday how it is “aggressively” gunning for top spot in upscale battery cars market currently dominated by Tesla, as it unveiled the EQC, its first fully electric car, at an event in Stockholm. The even...

UK Brexit-negotiator is struggling to make headway

2018-08-29 15:36:40 UTC
LONDON (Reuters) - Financial centers outside the European Union would be the benefactors if the European Union sought to punish the City of London as Britain leaves the bloc, Brexit minister Dominic Raab said on Wednesday. Raab told a parliamen...

Toyota to invest about $500 million in Uber Technologies

2018-08-28 01:30:16 UTC
(Reuters) - Toyota Motor Corp will invest about $500 million in Uber Technologies Inc [UBER.UL] to jointly work on developing driverless vehicles, the Wall Street Journal reported on Monday, citing people familiar with the matter. Toyota and Ub...

Iran praises EU for their efforts to salvage 'Nuclear deal'

2018-08-19 16:50:57 UTC
LONDON (Reuters) - Iran’s vice president said on Sunday the government was seeking solutions to sell oil and transfer its revenues despite fresh U.S. sanctions. “We are hopeful that the European countries can meet their commitments but even if ...

Steady and strong: German economy picking up more steam

2018-08-14 07:07:13 UTC
BERLIN (Reuters) - The German economy picked up more steam than expected in the second quarter, driven by higher household and state spending, preliminary data showed on Tuesday. Gross domestic product in Europe’s biggest economy expanded by 0....

China takes over project in world’s biggest natural gas reserves in Iran

2018-08-11 18:21:26 UTC
Reuters - China’s state-owned energy major CNPC has taken over the share in Iran’s multi-billion dollar South Pars gas project held by France’s Total, the Iranian state news agency IRNA reported on Saturday. Total signed a contract in 2017 to d...

Impact of escalating trade tensions between US and China

2018-08-08 18:14:42 UTC
(Reuters) - U.S. companies are putting in place measures to cushion the impact of escalating trade tensions between the United States and China. The world’s two largest economies have already imposed tariffs on $34 billion worth of each other’s...

China slaps additional tariffs of 25 percent on $16 billion US imports

2018-08-08 17:44:20 UTC
BEIJING/WASHINGTON (Reuters) - China is slapping additional tariffs of 25 percent on $16 billion worth of U.S. imports from fuel and steel products to autos and medical equipment, the Chinese commerce ministry said, as the world’s largest economie...

Trump’s ‘unmitigated crap’ on California wildfires

2018-08-07 21:23:33 UTC
U.S. President Donald Trump has weighed in on the California wildfires. But it wasn’t to express condolences for the victims or to praise the incredible bravery of firefighters — it was to try to score political points. And he did so by badly t...

EU raises concerns over new US move on Iran

2018-08-06 17:59:19 UTC
WASHINGTON (Reuters) - The Trump administration expects economic sanctions that it is re-imposing on Iran this week to further cripple the Iranian economy and will aggressively enforce the measures, senior U.S. administration officials said on Mon...

Jobs boom in San Francisco, Seattle and Houston, not in Trump strongholds

2018-08-06 03:46:51 UTC
MONACA, Pennsylvania (AP) — The United States is on pace to add about 2.6 million jobs this year under President Donald Trump’s watch. Yet the bulk of the hiring has occurred in bastions of Democratic voters rather than in the Republican counties ...

Apple became the first $1 trillion listed US company

2018-08-02 18:06:54 UTC
SAN FRANCISCO (Reuters) - Apple became the first $1 trillion publicly listed U.S. company on Thursday, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it from a niche player in personal computers into a global powerhou...

British car makers and consumers would suffer from "No-Deal" Brexit

2018-07-31 02:14:06 UTC
LONDON (Reuters) - A no-deal Brexit is not an option for Britain’s car industry, given the costs and disruption that carmakers and consumers would suffer, the head of the country’s automobile industry group said on Tuesday. Mike Hawes, chief ex...

Plunge in Facebook shares rattled Amazon options market

2018-07-26 18:56:45 UTC
SAN FRANCISCO/NEW YORK (Reuters) - A plunge in Facebook Inc shares rattled the Amazon.com Inc options market on Thursday, with the social network’s fellow FAANG company due to report quarterly results later in the day. Facebook on Wednesday war...