Economy

  • Trump Flip Flops on TPP - Trans Pacific Partnership
    Trump's_new_national_security_strategy-_%22we_will_stand_up_for_ourselves%22 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?
    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
    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
    China_increased_tariffs_by_up_to_25_percent_on_128_us_products 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
    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
    California_judge_says_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
    Eu_tells_us_president__you're_wrong_trade_wars_are_'easy_to_lose' 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
    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
    Germany_calls_on_uk_to_offer_more_'concrete'_brexit_plans 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
    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
    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
    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
    A_nationalist_bully_in_the_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
    Appeals_court-_trump_latest_travel_ban_is_unconstitutional 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
    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'
    Eu_tells_us_president__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
    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
    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
    Trade_war-_mexico_rejects_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
    Us_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
    Trump's_protectionist_measures_will_hurt_the_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
    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
    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
    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
    Federal_judge_dismisses_lawsuit_against_coca-cola's_diet_coke_%22weight_loss%22_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...