Trump Flip Flops on TPP - Trans Pacific Partnership
2018-04-12 23:35:17 UTC
WASHINGTON (Reuters) - U.S. President Donald Trump has asked his trade advisers to look at rejoining the Trans Pacific Partnership, a multinational trade pact he withdrew the United States from last year, White House spokeswoman Lindsay Walters said.
Republican senators met with Trump on T...
Why is Germany's dual education system coveted?
2018-04-06 22:04:13 UTC
The German economy is powered by products sold the world over. The strength of Europe's powerhouse depends on outbound shipments. We take a look at one of its latest exports and reveal the secrets behind its success.
Charlotte Falke creates technical drawings of power plant generators. The 23-...
Trump playing a game of chicken with US economy
2018-04-06 20:08:51 UTC
BEIJING/WASHINGTON (Reuters) - China warned on Friday it was fully prepared to respond with a “fierce counter strike” of fresh trade measures if the United States follows through on President Donald Trump’s threat to slap tariffs on an additional $100 billion of Chinese goods.
Trump, in light ...
China increased tariffs by up to 25 percent on 128 US goods
2018-04-02 06:29:23 UTC
BEIJING (Reuters) - China has increased tariffs by up to 25 percent on 128 U.S. products including frozen pork, wine and certain fruits and nuts, escalating a spat between the world’s biggest economies in response to U.S. duties on imports of aluminum and steel.
The tariffs, to take effect on ...
Trade Conflict Fears To Keep Markets On Edge
2018-03-30 08:50:53 UTC
BRUSSELS (Reuters) - A full-scale global trade war has not broken out yet - but that hasn’t stopped the market from fretting about one or analysts from warning about the potential cost.
Whether such concerns remain a driving force for asset prices in the coming days depends largely on decision...
California Judge Rules Coffee Sellers Should Post Cancer Warnings
2018-03-30 08:53:52 UTC
LOS ANGELES (AP) — Scientists haven’t rendered a verdict on whether coffee is good or bad for you but a California judge has. He says coffee sellers in the state should have to post cancer warnings.
The culprit is a chemical produced in the bean roasting process that is a known carcinogen and ...
European Union: It is not clear what Trump wants
2018-03-23 16:29:14 UTC
BRUSSELS (Reuters) - The European Union’s trade chief is unsure what Washington wants in return for a permanent EU exemption from steel tariffs but she warned on Friday that she would resist pressure to cut EU duties on U.S. cars.
European Trade Commissioner Cecilia Malmstrom, who will lead ne...
Trump sets China tariff plan, Dow plummets 720 points
2018-03-22 20:30:02 UTC
WASHINGTON (Reuters) - Global stocks had sold off on Thursday on the expectation of tough action from Trump, with U.S. markets down as much as 2.93 percent, plummets 724.42 points.
The Dow and Nasdaq stock indexes had fallen as much as 2 percent while the benchmark S&P was down as much as 1.85...
Brexit: EU leaders warn UK on Irish border and Gibraltar
2018-03-21 18:48:03 UTC
BRUSSELS (Reuters) - EU leaders will issue a warning to Britain on Friday that it will only finally secure a Brexit transition period if it stands by its commitments on the Irish border and Gibraltar, a draft statement showed on Wednesday.
The 27 leaders, who will meet Prime Minister Theresa M...
Chinese carmaker Geely's profit more than doubled in 2017
2018-03-21 07:58:51 UTC
SHANGHAI (Reuters) - Chinese carmaker Geely Automobile Holdings Ltd, whose chairman recently took a $9 billion stake in Germany’s Daimler AG, said on Wednesday its profits more than doubled in 2017, driven by strong domestic sales of popular SUVs.
The automaker, based in the eastern Chinese ci...
China pushing new energy vehicles to boost its global presence
2018-03-20 07:23:59 UTC
SHANGHAI (Reuters) - Delegates to China’s annual meeting of parliament have urged the state to provide more policy clarity for the electric car industry and overhaul a local government subsidy program they say has distorted the market.
China is aggressively pushing new energy vehicles (NEVs) n...
Oil Prices Rose, Lifted by a Weak Dollar
2018-03-20 07:11:11 UTC
SINGAPORE (Reuters) - Oil prices rose by almost 1 percent on Tuesday, lifted by a weak dollar, tensions in the Middle East and concerns of a further fall in Venezuelan output.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $62.59 a barrel at 0656 GMT, up 53 cents, or 0.9 percent...
Nationalist Bully in White House Takes on Global Trade
2018-03-12 07:19:39 UTC
Just days after announcing his plan to impose tariffs on steel and aluminum against numerous countries, the president unilaterally followed through and formally decreed the measure.
Trump exempted America's neighbors Mexico and Canada under the condition that they agree on a deal on NAFTA, and...
Trade war: Trump sets 25% tariff on steel, 10% on aluminum
2018-03-08 21:42:32 UTC
WASHINGTON/SANTIAGO (Reuters) - President Donald Trump pressed ahead with the imposition of 25 percent tariffs on steel imports and 10 percent for aluminum on Thursday but exempted Canada and Mexico, backtracking from earlier pledges of tariffs on all countries.
Describing the dumping of steel...
Valuable Public Company: Amazon appears to beat Apple
2018-03-08 20:45:23 UTC
SAN FRANCISCO (Reuters) - Apple Inc, the world’s most valuable publicly listed company, is in danger of being beaten by Amazon.com Inc to the $1 trillion mark.
Wall Street’s optimism about last year’s 10th anniversary iPhone had propelled Apple’s stock 24 percent higher over the past 12 months...
EU Schools Trump On Trade: You're Wrong! Trade Wars Are 'Easy to Lose'
2018-03-08 03:59:42 UTC
The EU has said US tariffs would be met with a "proportionate response." The European Council, IMF and WTO have warned Trump he is very wrong about trade wars being easy to win.
The European Commission on Wednesday presented its strategy for responding to US President Donald Trump's planned ta...
German automakers outselling GM in South Korea
2018-03-07 07:22:17 UTC
Mercedes and BMW both sold more cars in South Korea than General Motors for the first time last month, helped by the growing popularity of German premium brands and as consumers shied away from GM after it announced a major restructuring.
While home-grown automakers Hyundai Motor and Kia Motor...
Top Trump Economic Adviser Resigns After Dispute Over Tariffs
2018-03-07 00:00:27 UTC
WASHINGTON (Reuters) - Top White House economic adviser Gary Cohn, a Wall Street banker who opposes hefty steel and aluminum tariffs planned by U.S. President Donald Trump, said on Tuesday that he was resigning.
“It has been an honor to serve my country and enact pro-growth economic policies t...
Trade War: Mexico Rejects U.S. Bid to Split NAFTA
2018-03-06 20:38:08 UTC
WASHINGTON/MEXICO CITY (Reuters) - Republican lawmakers stepped up calls for President Donald Trump to pull back from proposed tariffs on steel and aluminum imports as key trading partner Mexico rejected a bid by Washington to drive a wedge between it and Canada in talks to renegotiate the North ...
U.S. declares trade war against EU, Canada, Mexico, China, Japan and South Korea
2018-03-04 20:58:07 UTC
WASHINGTON (AP) — U.S. President Donald Trump’s administration appears unbowed by broad domestic and international criticism of his planned import tariffs on steel and aluminum, saying Sunday that the president is not planning on exempting any countries from the stiff duties.
Speaking on CNN’s...
Trump's protectionist measures will hurt US economy
2018-03-04 00:47:34 UTC
WASHINGTON - Trump finally appears poised to make good on his promised threats to slam the door on free trade and erect walls around the country’s economy.
The U.S. President kept up pressure on trading partners, threatening European automakers with a tax on imports if the European Union reta...
Israeli police questioned Prime Minister Benjamin Netanyahu
2018-03-02 09:31:31 UTC
Israeli police have already arrested two people close to Prime Minister Benjamin Netanyahu for allegedly promoting regulations for Israel's largest telecommunications company. Netanyahu is also a suspect in two other graft probes.
Israeli police questioned Prime Minister Benjamin Netanyahu and...
Eurozone Posts Fastest Economic Growth in a Decade
2018-03-02 08:55:40 UTC
BENGALURU (Reuters) - While euro zone business growth was the fastest in well over a decade at the start of the year, it lost some steam last month as a stronger currency took its toll, a private-sector survey of purchasing managers showed.
Still, over 70 percent of respondents in the latest R...
The Economic Consequences of Trump's Trade War
2018-03-02 08:37:49 UTC
SEOUL/SYDNEY (Reuters) - The U.S. oil and gas industry slammed President Donald Trump's plan to impose tariffs on imported steel, saying the move would kill energy jobs by raising costs for big infrastructure projects.
Trump’s planned tariffs on steel and aluminum will distort global trade...
Federal judge dismisses lawsuit against Coca-Cola's Diet Coke "weight loss" ads
2018-02-28 18:12:26 UTC
(Reuters) - A federal judge has dismissed a lawsuit claiming that Coca-Cola Co’s advertising for Diet Coke misleads people into thinking that consuming the soft drink assists in weight loss, and that it actually causes weight gain.
The plaintiff, Shana Becerra, claimed that she and others wo...