Economy

  • World Trade Organization rules in favor of Canada against US
    World_trade_organization_rules_in_favor_of_canada_against_us 2018-07-05 16:28:20 UTC
    GENEVA (Reuters) - Canada won the bulk of a ruling at the World Trade Organization on Thursday in a dispute over U.S. duties on Canadian exports of supercalendered paper, which is used in glossy magazines and catalogues. Canada filed the complaint in 2016, saying Washington was wrong to penali...

  • Volkswagen offers carsharing service with electric vehicles
    Vw_to_spend__800_million_in_california_and_a_total_of__2_billion_nationwide_on_clean_car_infrastructure 2018-07-04 19:11:31 UTC
    FRANKFURT (Reuters) - Volkswagen plans to start offering car sharing services using fully electric vehicles in German cities next year as part of efforts to serve consumers who don’t want to buy their own vehicles. Its offering will compete in its home market with DriveNow and Car2Go, the soo...

  • Trump’s “tariffs would result in loss of hundreds of thousands of American jobs”
    Untitled 2018-06-27 22:59:23 UTC
    WASHINGTON (Reuters) - Two major auto trade groups on Wednesday warned the Trump administration that imposing up to 25 percent tariffs on imported vehicles would cost hundreds of thousands of auto jobs, dramatically hike prices on vehicles and threaten industry spending on self-driving cars. A...

  • Harley-Davidson move shows consequences of Trump's trade war
    Harley-davidson_move_shows_consequences_of_trump's_trade_war 2018-06-27 00:38:30 UTC
    WASHINGTON/CHICAGO (Reuters) - U.S. President Donald Trump threatened Harley-Davidson Inc with higher taxes on Tuesday and said the motorcycle maker, which he previously hailed as a model of American manufacturing, would suffer from a public backlash if it went ahead with a plan to move productio...

  • EU will respond if Trump impose tariffs on European cars
    Eu_will_respond_if_trump_impose_tariffs_on_european_cars 2018-06-23 22:13:42 UTC
    PARIS (Reuters) - The European Union will respond to any U.S. move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest comments in an escalating trade row. U.S. President Donald Trump on Friday threatened to impose a 20 percent tariff on all import...

  • California Democrat plays audio of children crying in detention center
    California_democrat_played_audio_of_children_crying_in_a_detention_center 2018-06-23 06:04:50 UTC
    Washington — Temporarily presiding over the U.S. House on Friday, U.S. Rep. Karen Handel, R-Roswell, found herself injected into the debate over family separation when U.S. Rep. Ted Lieu, a California Democrat, refused to turn off a ProPublica recording of children crying in a detention center. ...

  • Tesla to close 14 solar facilities, cut jobs
    Tesla_to_close_14_solar_facilities__cuts_jobs 2018-06-22 04:44:58 UTC
    SAN FRANCISCO (Reuters) - Electric car maker Tesla Inc’s move last week to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal, according to three internal company documents and seven current and former T...

  • Poll: 70 percent of Canadians boycott U.S. products
    70_percent_of_canadians_boycott_u.s._products 2018-06-16 07:43:47 UTC
    OTTAWA (Reuters) - Seventy percent of Canadians say they will start looking for ways to avoid buying U.S.-made goods in a threat to ratchet up a trade dispute between Prime Minister Justin Trudeau and U.S. President Donald Trump, an Ipsos Poll showed on Friday. The poll also found a majority o...

  • Iran to Kim: Don't trust Trump, he quits deals within hours
    Iran_tells_kim-_don't_trust_trump__he_quits_deals_within_hours 2018-06-12 23:46:34 UTC
    LONDON (Reuters) - Iran warned North Korean leader Kim Jong Un on Tuesday against trusting U.S. President Donald Trump, saying he could cancel their denuclearization agreement within hours. Tehran cited its own experience in offering the advice to Kim a month after Washington withdrew from a s...

  • Trump's massive tax cuts drive up U.S. deficits: Just in May alone, $147 billion
    Trump's_massive_tax_cuts_driving_up_us_deficit-__147_billion_deficit_in_may 2018-06-12 23:06:23 UTC
    WASHINGTON (Reuters) - The U.S. government had a $147 billion budget deficit in May, an increase of 66 percent from the same month last year as the ledger took a hit from declining revenue and higher spending, according to Treasury Department data released on Tuesday. Treasury reported a budge...

  • Canadian province of Quebec offers C$100 million in loans to companies hit by U.S. tariffs
    Canadian_province_of_quebec_offers_c_100_million_in_loans_to_companies_hit_by_u.s._tariffs 2018-06-11 22:15:23 UTC
    MONTREAL (Reuters) - The Canadian province of Quebec will offer C$100 million ($77.1 million) in loans and guarantees on loans to steel and aluminum companies hit by recent U.S. tariffs, the province’s economy minister said on Monday. Companies that transform the metals will benefit from the p...

  • Merkel labels Trump behavior 'depressing'
    Merkel_labels_trump_behavior_'depressing'_ 2018-06-11 06:07:07 UTC
    Germany's Angela Merkel sharply criticized Donald Trump's decision to retract his endorsement of the G7 communique. The German Chancellor said the EU would continue preparing counter-measures to US metal tariffs. Merkel on Sunday chided US President Donald Trump's decision to retract his endo...

  • Macron suggests to exclude Trump from joint statement at G7 summit
    France's_macron_condemns_turkey's_invasion_into_syria 2018-06-08 02:20:20 UTC
    OTTAWA (Reuters) - French President Emmanuel Macron, who has invested in a warm personal relationship with US president Donald Trump, said the other G7 nations - Britain, Canada, Germany, Italy and Japan, as well as France - should remain “polite” and productive but warned that “no leader is fore...

  • Mexico puts tariffs on products from key Republican congressional districts
    Mexico_puts_tariffs_on_products_from_key_republican_congressional_districts 2018-06-07 02:50:01 UTC
    WASHINGTON/MEXICO CITY (Reuters) - Mexican tariffs are roiling U.S. congressional campaigns in states where U.S. exporters could take a hit and President Donald Trump’s Republicans face tough races in November congressional elections. Mexico announced the levies this week in retaliation to Tru...

  • United States completely isolated itself at G7 meeting
    United_states_completely_isolated_itself_at_g7_meeting 2018-06-01 19:03:28 UTC
    WASHINGTON/WHISTLER, British Columbia (Reuters) — U.S. isolated at G7 meeting as tariffs prompt retaliation. At a meeting of the Group of Seven top world economic powers in Canada, France’s Finance Minister Bruno Le Maire castigated the United States for its tariffs, saying Washington was isol...

  • France: The American consumer will pay for Trump's tariffs bill
    France-_the_american_consumer_will_pay_for_trump's_tariffs_bill 2018-06-01 05:26:35 UTC
    PARIS (Reuters) - U.S. trade tariffs on European metals exports are unjustified and will be met with a proportionate and calibrated EU response, the French government said on Thursday. “Today, France and the EU disapprove, of course, these measures. We are getting ready to put in place safegua...

  • Tesla in 'Autopilot' mode crashes into parked police vehicle
    Tesla_in_'autopilot'_mode_crashes_into_parked_police_vehicle 2018-05-29 21:53:47 UTC
    WASHINGTON (Reuters) - The driver of a Tesla Inc (TSLA.O) vehicle crashed into an unoccupied, parked police vehicle in Laguna Beach, California, on Tuesday and the driver told investigators the Tesla was in “Autopilot” mode at the time, a police spokesman said. The driver suffered minor injuri...

  • Iran to attend June summit in China of Asian leaders
    Iran_president_to_attend_june_summit_in_china_of_asian_leaders 2018-05-28 16:57:06 UTC
    BEIJING (Reuters) - China will host Iranian President Hassan Rouhani next month at a regional summit aimed at avoiding disruption of joint projects, its foreign ministry said on Monday, as major powers scramble to save Iran’s nuclear deal after the United States pulled out. Rouhani will pay a ...

  • EU privacy law: Companies to be more attentive to user data
    Eu_privacy_law-_companies_to_be_more_attentive_to_customer_data 2018-05-25 06:40:19 UTC
    BRUSSELS (Reuters) - New European privacy regulations that go into effect on Friday will force companies to be more attentive to how they handle customer data, while bringing consumers both new ways to control their data and tougher enforcement of existing privacy rights. The European Union Ge...

  • T-Mobile, operated by Germany's Deutsche Telekom, to buy Sprint for $26 billion
    T-mobile__operated_by_germany's_deutsche_telekom__to_buy_sprint_for__26_billion 2018-04-29 18:11:58 UTC
    T-Mobile agreed to acquire Sprint in an all-stock deal for $26 billion that will combine the third and fourth largest U.S. wireless carriers and is expected to attract regulatory scrutiny. The agreement caps four years of on- and off- talks between the companies, setting the stage for the crea...

  • EU and Mexico reached agreement on free trade deal
    Eu_and_mexico_reached_agreement_on_a_free_trade_deal 2018-04-22 17:58:44 UTC
    BRUSSELS (Reuters) - German Chancellor Angela Merkel on Sunday welcomed an agreement reached between the European Union and Mexico on a new free trade deal, a coup for both parties in the face of increased protectionism from the United States under President Donald Trump, saying it would benefit ...

  • Merkel and Macron seeking a joint proposal on EU reforms
    Merkel_and_macron_seeking_a_joint_proposal_on_eu_reforms 2018-04-18 23:46:24 UTC
    BERLIN (Reuters) - The leaders of Germany and France meet on Thursday to try to work out a common position on reforming the euro zone, a sensitive issue that is testing the new government in Berlin just a month after it took office. Chancellor Angela Merkel, who hosts President Emmanuel Macron...

  • China asks EU to stand together against US protectionism
    China_asks_eu_to_stand_together_against_us_protectionism 2018-04-17 17:12:37 UTC
    BEIJING/BRUSSELS (Reuters) - China’s international trade representative held a series of meetings with the ambassadors from major European nations last week to ask them to stand together with Beijing against U.S. protectionism, according to four sources familiar with the discussions. Some of t...

  • UK lawmakers, celebrities demanding 'people's vote' referendum on Brexit
    Untitled_2 2018-04-15 17:35:39 UTC
    LONDON (Reuters) - Lawmakers, celebrities and business leaders launched a campaign on Sunday to call for a vote on any final Brexit deal, stepping up a campaign to try to stop what they describe as Britain’s damaging departure from the European Union. At a launch in north London, lawmakers fro...

  • Facebook tracks people whether they have accounts or not
    Facebook_tracks_people_whether_they_have_accounts_or_not 2018-04-15 17:05:17 UTC
    SAN FRANCISCO (Reuters) - Concern about Facebook Inc’s (FB.O) respect for data privacy is widening to include the information it collects about non-users, after Chief Executive Mark Zuckerberg said the world’s largest social network tracks people whether they have accounts or not. Privacy conc...