Economy

  • US Weekly Jobless Claims Rise; Imported Inflation Weak
    Us_job_openings_continue_to_tighten_amid_a_scarcity_of_qualified_workers 2019-06-13 18:19:18 UTC
    WASHINGTON (Reuters) - The number of Americans filing applications for unemployment benefits unexpectedly rose last week, which could add to concerns that the labor market was losing steam after job growth slowed sharply in May. Other data on Thursday showed import prices fell by the most in f...

  • UK’s Johnson Threatens to Withhold $50 Billion Brexit Payment
    Uk%e2%80%99s_johnson_threatens_to_withhold__50_billion_brexit_payment 2019-06-09 01:46:56 UTC
    (Reuters) - Boris Johnson, the leading candidate to succeed Theresa May as Britain’s next prime minister, said he would withhold a previously agreed 39 billion pound ($50 billion) Brexit payment until the European Union gives Britain better exit terms. The EU has repeatedly said it will not re...

  • US Economic Growth Continues to Slow
    Us_economic_growth_continues_to_slow 2019-06-07 16:37:19 UTC
    NEW YORK (Reuters) - The U.S. economy is growing at a 1.4% annualized rate in the second quarter based on data that showed a weaker-than-forecast payrolls growth in May, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday. This was a tad slower than the 1.5% pace estimated by ...

  • Hunt for Shoppers: Luxury Brands Raising Stakes on Instagram
    Hunt_for_shoppers-_luxury_brands_raising_the_stakes_on_instagram 2019-06-07 16:10:35 UTC
    PARIS (Reuters) - Big-spending luxury brands like Gucci, Louis Vuitton and Christian Dior are splashing out on everything from dance-fuelled fashion shows to teams of advisers as they target social media platforms in the hunt for young shoppers. Without the entry barriers of magazine advertisi...

  • Toyota Speeds Up Electric Vehicle Schedule
    Toyota_speeds_up_electric_vehicle_schedule_ 2019-06-07 15:52:16 UTC
    TOKYO (Reuters) - Toyota Motor Corp aims to get half of its global sales from electrified vehicles by 2025, five years ahead of schedule, and will tap Chinese battery makers to meet the accelerated global shift to electricity-powered cars. The change illustrates the breakneck growth in the ele...

  • EU to Create a System to Get Around US Block on WTO
    China_and_us_tussle_at_wto_over_legality_of_trump_tariffs 2019-06-06 20:49:33 UTC
    BERLIN/GENEVA (Reuters) - The European Union is set to propose creating a shadow system to get around a U.S. block on appeals in disputes at the World Trade Organization (WTO), according to a draft proposal circulated to national lawmakers. U.S. President Donald Trump is blocking appointments ...

  • Apple wants its login button above Google and Facebook
    Apple_wants_its_login_button_above_google_and_facebook 2019-06-05 05:23:38 UTC
    (Reuters) - Apple Inc will ask developers to position a new “Sign on with Apple” button in iPhone and iPad apps above rival buttons from Alphabet Inc’s Google and Facebook Inc, according to design guidelines released this week. The move to give Apple prime placement is significant because user...

  • Tearful Theresa May Quits as UK Prime Minister
    Tearful_theresa_may_quits_as_uk_prime_minister 2019-05-25 03:17:25 UTC
    LONDON (Reuters) - Fighting back tears, Theresa May said on Friday she would quit after failing to deliver Brexit, setting up a contest that will install a new British prime minister who could pursue a cleaner break with the European Union. May’s departure deepens the Brexit crisis as a new le...

  • Elon Musk Says Tesla deliveries Set to Top Record
    Elon_musk_says_tesla_deliveries_set_to_top_record 2019-05-23 15:41:53 UTC
    (Reuters) - Tesla Inc is on course to top its record for quarterly deliveries in the second quarter, beating the 90,700 it sent to customers in the final quarter of last year, according to an email from Chief Executive Officer Elon Musk to staff. Musk’s email, widely posted on social media and...

  • British PM Theresa May 'Expected to Quit Friday'
    Uk_pm_theresa_may_lost_the_election. 2019-05-23 05:52:23 UTC
    LONDON (Reuters) - British Prime Minister Theresa May is expected on Friday to announce her departure from office, The Times reported, without citing a source. May will remain as prime minister while her successor is elected in a two-stage process under which two final candidates face a ballot...

  • Asia Shares Hit 4-Month Low on Risk of Endless Trade War
    Asia_shares_hit_four-month_low_on_risk_of_endless_trade_war 2019-05-23 05:34:55 UTC
    SYDNEY (Reuters) - Asian shares broke support and caved to a four-month low on Thursday, as concerns grew that the Sino-U.S. trade conflict was fast morphing into a prolonged technology cold war between the world’s two largest economies. Late Wednesday, Reuters reported the U.S. administration...

  • Trump Says Some Auto Imports Threaten National Security
    Trump_says_some_auto_imports_threaten_national_security 2019-05-17 20:40:13 UTC
    WASHINGTON (Reuters) - US President Donald Trump declared that some imported vehicles and parts pose a national security threat but delayed a decision for as long as six months on whether to impose tariffs to allow for more time for trade talks with the European Union and Japan. The unpreceden...

  • Dutchman Travels Across 33 Countries on Electric Car
    Dutchman_travels_across_33_countries_on_electric_car 2019-04-18 22:49:36 UTC
    Dutchman Wiebe Wakker on Sunday ended a 95,000 kilometer (59,000 mile) electric car journey that he hoped would show the world the viability of such vehicles. Wakker arrived in the eastern Australian city of Sydney after driving his retrofitted station wagon nicknamed "The Blue Bandit" across 33...

  • Restaurant Dishes Labeled Gluten-Free Often Are Not
    Restaurant_dishes_labeled_gluten-free_often_are_not 2019-04-02 22:07:57 UTC
    For people with celiac disease, even tiny amounts of gluten in foods can cause trouble, and restaurants may be the hardest places to avoid the hidden protein, a U.S. study suggests. More than half of gluten-free pizza and pasta dishes tested in restaurants were positive for the presence of glu...

  • Oil Prices Continue to Rise Amid OPEC-Led Supply Cuts
    Oil_prices_rose__lifted_by_a_weak_dollar 2019-04-02 21:38:57 UTC
    NEW YORK (Reuters) - Oil prices on Tuesday hit their highest level so far in 2019, with Brent crude approaching $70 a barrel, on the prospect that more sanctions against Iran and further Venezuelan disruptions could deepen an OPEC-led supply cut. Brent futures reached a session peak at $69.52 ...

  • Still Unclear How, When or If UK Will Ever Indeed Quit EU
    Still_unclear_how__when_or_if_uk_will_ever_indeed_quit_eu 2019-04-02 20:57:13 UTC
    LONDON (Reuters) - Prime Minister Theresa May said on Tuesday she would seek another Brexit delay to agree an EU divorce deal with the opposition Labour leader, a last-ditch gambit to break an impasse over Britain’s departure that enraged many in her party. Nearly three years since the United ...

  • Brexit: EU Prepares For a 'No-Deal' Scenario
    Brexit-_eu_prepares_for_a_'no-deal'_scenario 2019-03-29 20:39:59 UTC
    Theresa May's exit deal failed by 58 votes, and April 12 beckons as a new exit date for the UK out of the EU. More indicative votes are on the table, as the EU prepares for a 'no-deal' scenario. LONDON (Reuters) - Lawmakers rejected Prime Minister Theresa May’s Brexit deal for a third time on ...

  • U.S. Judge Approves Bankruptcy Loan for PG&E
    Us_utility_company_pg_e_is_exploring_filing_for_bankruptcy 2019-03-27 18:31:51 UTC
    SAN FRANCISCO (Reuters) - Bankrupt California power provider PG&E Corp won court approval on Wednesday for a $5.5 billion loan to help maintain electricity and natural gas delivery and for investments to reduce the risk of wildfires as it reorganizes. San Francisco-based PG&E filed for Chapter...

  • Facebook Bans White Nationalism and Separatism on Its Platforms
    Gop_believe_facebook_is_%e2%80%9ccensoring%e2%80%9d_the_right 2019-03-27 18:01:14 UTC
    <p>(Reuters) - Facebook Inc on Wednesday announced a ban on praise, support and representation of white nationalism and separatism on its social media platforms, furthering its efforts to tackle hate speech.&nbsp;</p><p>These bans will be enforced next week, the social media giant said in a blog ...

  • Mozambique's Cyclone Survivors Face Cholera
    Mozambique's_cyclone_survivors_face_cholera 2019-03-27 17:36:23 UTC
    BEIRA, Mozambique (Reuters) - Dozens of fragile patients poured into a clinic in the wrecked Mozambican port city of Beira on Wednesday, as the government said it had confirmed the first five cases of cholera in the wake of deadly Cyclone Idai. Thousands of people were trapped for more than a ...

  • Chinese Company to Sell Popular Dating App Grindr
    Chinese_company_to_sell_the_popular_dating_app_grindr 2019-03-27 17:54:06 UTC
    (Reuters) - Chinese gaming company Beijing Kunlun Tech Co Ltd is seeking to sell Grindr LLC, the popular gay dating app it has owned since 2016, after a U.S. government national security panel raised concerns about its ownership, according to people familiar with the matter. The Committee on F...

  • Wall Street Bogged Down by Global Growth Worries
    What_is_a_point_on_the_new_york_stock_exchange_ 2019-03-27 17:53:13 UTC
    (Reuters) - Fears of a global economic slowdown weighed on Wall Street’s main indexes on Wednesday, and along with a prolonged inversion in the U.S. yield curve kept investors at bay. Apple Inc was a bright spot, rising 1.23 percent after three straight days of losses. The benchmark 10-year...

  • EU: Italy Poses A Threat to Other Euro Zone Countries
    Eu-_italy_poses_a_threat_to_other_euro_zone_countries 2019-02-27 20:27:14 UTC
    BRUSSELS (Reuters) - Italy is facing excessive economic imbalances and the policies of its government are making matters worse, posing a threat to other euro zone countries, the European Commission said on Wednesday. However, the EU executive arm, whose job is to analyze the economic performan...

  • UK's Theresa May delays vote on Brexit until March 12
    May_-_brexit-_eu_demands_up_to__114_billion_before_talks_on_trading 2019-02-25 18:01:20 UTC
    SHARM EL-SHEIKH, Egypt (Reuters) - Prime Minister Theresa May promised on Sunday to offer lawmakers a vote on her Brexit deal by March 12, the latest delay in her attempt to win approval for a plan to ensure Britain’s orderly departure from the European Union. As the United Kingdom’s labyrinth...

  • Irish PM, Leo Varadkar rejects a post-Brexit border backstop that includes a time limit
    Leo_varadkar 2019-02-24 16:43:17 UTC
    SHARM EL-SHEIKH, Egypt (Reuters) - Ireland cannot accept a post-Brexit border backstop that has a time limit or a unilateral exit clause, Prime Minister Leo Varadkar said on Sunday. “We are happy to discuss with the United Kingdom assurances that they may need to give them further confidence t...