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 ...
Social Democrat party members approve Merkel-led coalition
2018-03-04 09:21:35 UTC
Berlin — Germany's chancellor will get a fourth term after her junior partners, the SPD, voted for a coalition deal. The new government could be in place in less than two weeks' time.
More than five months after Germans went to polls in the September 24 national election, Germany will be getti...
A Divided Italy Goes To The Polls
2018-03-04 08:26:18 UTC
ROME (Reuters) - Italians went to the polls on Sunday in a vote that could bring political gridlock after an election campaign marked by anger over the listless economy, high unemployment and immigration.
Pollsters have predicted that former prime minister Silvio Berlusconi and his far-right a...
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...
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...
US Couples Take Weapons to Church
2018-03-01 08:05:25 UTC
Many Americans believe US school shootings do not justify stricter gun laws in a country where firearms are linked to more than 30,000 deaths annually.
Worshippers clutched rifles and donned crowns made of rounds of bullets, as they exchanged or renewed wedding vows at a church in the US state...
US cable provider 'Comcast' offers $31 billion for 'Sky'
2018-02-27 08:46:42 UTC
LONDON - Comcast Corp, the biggest cable operator in the United States, offered to pay $31 billion to buy Sky, the European pay-TV group that has agreed to be sold to Rupert Murdoch's Fox.
Comcast, which owns NBC and Universal Pictures, said it was offering 12.50 pounds per share, significantl...
US film studio 'The Weinstein Company' to file for bankruptcy
2018-02-27 00:53:48 UTC
The Weinstein Company said that the U.S. film studio, whose ex-chairman Harvey Weinstein has been accused of sexual harassment and assault, planned to file for bankruptcy in the coming days after talks to sell itself collapsed.
Filing for bankruptcy protection creates more uncertainty about ho...
Mueller eyes Trump ex-aide Paul Manafort's LA bankruptcies
2018-02-27 00:29:23 UTC
LOS ANGELES (Reuters) - Federal prosecutors who have already indicted President Donald Trump’s former campaign chairman Paul Manafort on charges of money laundering, bank fraud and covertly lobbying for pro-Russian interests may have additional leverage arising from a loan he received while engag...
Gaza fisherman died after Israeli navy fired on his boat
2018-02-26 18:38:06 UTC
JERUSALEM (Reuters) - A Palestinian from the Gaza Strip died on Sunday after the Israeli navy fired on the boat he and two others were sailing in, a military spokeswoman said.
The navy opened fire after the boat ignored warnings and strayed from a permitted fishing area in the northern Gaza St...
U.S. Supreme Court Rejects Trump Over 'DACA' Immigrants
2018-02-26 18:07:39 UTC
WASHINGTON (Reuters) - The U.S. Supreme Court on Monday dealt a setback to President Donald Trump, requiring his administration to maintain protections he has sought to end for hundreds of thousands of immigrants brought illegally into the United States as children.
The justices refused to hea...
NAFTA: Brazil exported 10 times more corn into Mexico, hurting US agriculture
2018-02-22 17:52:49 UTC
CHICAGO/MEXICO CITY (Reuters) - Mexican buyers imported ten times more corn from Brazil last year amid concern that NAFTA renegotiations could disrupt their U.S. supplies, according to government data and top grains merchants.
Mexico is on track to buy more Brazilian corn in 2018, which woul...
North Korea canceled a secret meeting with US
2018-02-21 05:34:36 UTC
WASHINGTON (AP) — Vice President Mike Pence was all set to hold a history-making meeting with North Korean officials during the Winter Olympics in South Korea, but Kim Jong Un’s government canceled at the last minute, the Trump administration said Tuesday.
A potential meeting between Pence and...
US Election 2016: The Cook, Putin & Trump
2018-02-20 23:24:32 UTC
ST. PETERSBURG, Russia (AP) — While Russian officials scoff at a U.S. indictment charging 13 Russians with meddling in the 2016 U.S. presidential election, several people who worked at the same St. Petersburg “troll factory” say they think the criminal charges are well-founded.
Florida's students urge lawmakers to act on gun-control laws
2018-02-20 04:43:56 UTC
PARKLAND, Fla. (AP) — A hundred Stoneman Douglas High School students are busing 400 miles to Florida’s capital Tuesday to urge lawmakers to act to prevent a repeat of the massacre that killed 17 students and faculty last week.
The students plan to hold a rally Wednesday in hopes that it will ...
Florida students to lawmakers and Trump: 'Shame on you'
2018-02-18 08:49:13 UTC
Victims of the recent Florida school shooting have called out politicians for their lack of action after yet another deadly massacre. "Shame on you!" the students said to Trump, NRA and U.S. lawmakers.
Thousands of students, parents and gun control advocates rallied in Fort Lauderdale, Florida...
Germany calls on UK to offer more 'concrete' Brexit plans
2018-02-16 17:47:12 UTC
BERLIN (Reuters) - A Brexit deal should strike a balance to ensure Britain clearly diverges from the European Union’s single market but keeps close economic ties with the bloc, German Chancellor Angela Merkel said after meeting British Prime Minister Theresa May on Friday.
Merkel struck an upb...
Netanyahu faces corruption and breach of trust charges
2018-02-14 16:36:57 UTC
How is the Israeli prime minister linked to an allegedly corrupt deal with German steel producer ThyssenKrupp?
One is Israel's long-serving prime minister, the other is one of Germany's biggest industrial corporations, and now the two have been caught up in one of the scandals that could yet b...
The Real Concerns About Markets As U.S. Inflation Looms
2018-02-14 18:54:27 UTC
New York — U.S. financial markets have been roiled recently by something neither the economy nor investors have had to contend with for the better part of a decade: concerns they may soon have to reckon with rising inflation.
The S&P 500 .SPX.INX is down more than 7 percent from its lifetime h...
German workers win right to 28-hour week and 4.3% pay rise
2018-02-12 10:19:03 UTC
Berlin — German workers have won the right to a 28-hour week in a victory towards their fight for a better work-life balance.
Industrial union IG Metall, Europe’s largest trade union, has won its workers the right to work the equivalent of under six hours each day in a deal that could eventual...
Audi, VW and Porsche Develop Joint Electric Car Platform
2018-02-10 21:32:51 UTC
FRANKFURT (Reuters) - Porsche and Audi, Volkswagen’s main luxury car divisions, plan to develop a joint platform for electric vehicles that will enable them significantly cut down on costs, German newspapers quoted their chief executives as saying.
“By 2025, we’re facing a low single-digit bil...