Economy

  • Germany to halt all arms exports to Saudi
    Merkel_germany_to_halt_all_german_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
    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
    Goodwill_gesture_from_eu-_uk_can_remain_in_internal_market_until_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
    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
    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
    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
    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
    Dow_jones_drops_831_points 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
    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
    Fed-_us_unemployment_rate_inevitably_could_followed_by_a_recession 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
    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'
    Mercedes-benz_showcases_all-electric_suv_with_a_450_kilometer_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
    18747_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
    Toyota_long-range_electric_car_needs_just_minutes_for_charging 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'
    Federica_mogherini_and_javad_zarif-_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
    German_economy_picking_up_more_steam_than_expected 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
    China_takes_over_project_in_world%e2%80%99s_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
    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
    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
    Trump%e2%80%99s_%e2%80%98unmitigated_crap%e2%80%99_about_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
    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
    Jobs_boom_favors_san_francisco__seattle_or_houston__not_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
    Apple_became_the_first__1_trillion_publicly_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
    British_car_makers_and_consumers_would_suffer_from_%22no-deal%22_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
    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...