US Weekly Jobless Claims Rise; Imported Inflation Weak
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 five months in May amid a broad decline in the cost of goods, the latest indication of muted inflation pressures. The import deflation supports expectations that the Federal Reserve will cut interest rates this year.
U.S. central bank policymakers are scheduled to meet on June 18-19 against the backdrop of rising trade tensions. Financial markets...
US Ranks Last in the world for Maternity Leave
2019-06-13 18:25:15 UTC
NEW YORK, 13 June 2019 — Sweden, Norway, Iceland, Estonia and Portugal offer the best family-friendly policies among 31 rich countries with available data, according to a new UNICEF repot. Switzerland, Greece, Cyprus, United Kingdom and Ireland rank the lowest. The United States is the only country included in the analysis with no national paid leave policy for mothers or fathers, ranking it the worst for maternity leave.
Produced by UNICEF’s Office of Research – The <a href="https://www.unicef.org/press-releases/sweden-norway-iceland-and-estonia-rank-highest-family-friendly-policies-oecd-and-eu"><em>report</em></a> ranks co...
UK’s 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 reopen discussion of the Brexit transition deal it reached with May last year, which British lawmakers have rejected three times, prompting May to announce her resignation earlier this month.
May stepped down as leader of the governing Conservatives on Friday.
Johnson, a former foreign secretary in May’s cabinet, is popular with ordinary Conser...
Democrats Move to Hold Barr, McGahn in Contempt of Congress
2019-06-06 20:32:52 UTC
WASHINGTON (Reuters) - A U.S. House of Representatives committee, seeking to advance probes of President Donald Trump, unveiled a measure on Thursday that would authorize court action to enforce congressional subpoenas of Attorney General William Barr and former White House Counsel Don McGahn over the Mueller report.
The Rules Committee resolution was expected to go to a vote on the House floor on Tuesday, according to Democratic aides. If approved, the measure would put another aspect of the growing confrontation between Trump and House Democrats before the courts.
The resolution also sets the terms for possible court action by othe...
Poll: Biden, Sanders lead Trump in battleground state Michigan
2019-06-05 16:37:33 UTC
KALAMAZOO, Mich. (Reuters) - In an early sign of the potential weakness of U.S. President Donald Trump’s path to reelection, two Democratic presidential primary frontrunners are outshining the incumbent Republican in a poll of Michigan voters released on Wednesday.
Michigan is set to be a key battleground state in the November 2020 election and will be critical to Trump’s hopes of getting reelected to another four-year term.
The poll of likely voters found both former Vice President Joe Biden and U.S. Senator Bernie Sanders leading Trump by 12 percentage points if the vote were to be held today.
Only 36% of likely voters in Michig...
North Korea Tells US: Don't Try Our Patience
2019-06-05 06:06:46 UTC
SEOUL (Reuters) - North Korea warned the United States that agreements made between the two countries’ leaders in Singapore last year could be at risk, blaming the United States for undue pressure to denuclearize, state news agency KCNA said on Tuesday.
The statement comes as media reports indicated North Korea punished some members of its team that steered negotiations with the United States before a failed summit between North Korean leader Kim Jong Un and U.S. President Donald Trump in Hanoi in February.
Nearly a year after Trump and Kim first met in Singapore and signed a four-point joint statement pledging to work toward a new r...
US shared sensitive nuclear power information with Saudi Arabia
2019-06-05 06:08:32 UTC
WASHINGTON (Reuters) - The Trump administration granted two authorizations to U.S. companies to share sensitive nuclear power information with Saudi Arabia shortly after the killing of journalist Jamal Khashoggi in October, a U.S. senator who saw the approvals said on Tuesday.
The timing of the approvals is likely to heap pressure on the administration of President Donald Trump from lawmakers who have become increasingly critical of U.S. support for Saudi Arabia since Khashoggi was killed in the Saudi consulate in Istanbul in October.
Khashoggi, a native of Saudi Arabia, left in 2017 to became a resident of the United States where he...
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 leader, who should be in place by the end of July, is likely to want a more decisive split, raising the chances of a confrontation with the EU and potentially a snap parliamentary election.
Former foreign minister Boris Johnson, the favorite to replace May, was first out of the blocks, saying Britain should be prepared to leave the EU without a de...
British PM Theresa May 'Expected to Quit Friday'
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 of 125,000 Conservative Party members, the newspaper said.
<I><strong><hr>Reporting by Guy Faulconbridge</I></strong><hr>
Asia Shares Hit 4-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 was considering Huawei-like sanctions on Chinese video surveillance firm Hikvision over the country’s treatment of its Uighur Muslim minority, according to a person briefed on the matter.
After the United States placed Huawei Technologies on a trade blacklist last week, British chip designer ARM has halted relations with Huawei in order to comp...
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 unprecedented designation of foreign vehicles imported to the United States from some of its closest allies sparked anger from automakers, dealers and foreign governments after a White House document hinted it would seek voluntary export quotas on autos from U.S. trading partners.
European Trade Commissioner Cecilia Malmstroem said on Twitter that “we com...
US Federal Appeals Court: Trump Administration Violated Federal Law
2019-05-17 20:13:17 UTC
RICHMOND, Va. (AP) — A federal appeals court ruled Friday the Trump administration acted in an “arbitrary and capricious” manner when it sought to end an Obama-era program that shields young immigrants from deportation.
A three-judge panel of the 4th U.S. Circuit Court of Appeals ruled 2 to 1 that the Trump administration violated federal law when it tried to end the Deferred Action for Childhood Arrivals program without adequately explaining why. The ruling overturns a lower court ruling a judge in Maryland made last year, which Trump had previously praised via Twitter.
Friday’s ruling will not have any immediate effect as other fed...
Mueller Report Does Not Exonerate Trump
2019-04-18 22:20:34 UTC
By Sarah N. Lynch and Andy Sullivan
WASHINGTON (Reuters) - Special Counsel Robert Mueller’s report on his inquiry into Russia’s role in the 2016 U.S. election described in extensive and sometimes unflattering detail how President Donald Trump tried to impede the probe, raising questions about whether he committed the crime of obstruction of justice.
Thursday’s release of the 448-page report after a 22-month investigation was a watershed moment in Trump’s tumultuous presidency and inflamed partisan passions ahead of his 2020 re-election bid in a deeply divided country.
Democrats said the report contained disturbing evidence of wron...
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 Kingdom voted to leave the European Union in a shock referendum result, it is still unclear how, when or if it will ever indeed quit the European club it first joined in 1973.
In a hastily arranged statement from her Downing Street office after spending seven hours chairing cabinet meetings on how to plot a way out of the Brexit maze, May said s...
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 Friday, sounding its probable death knell and leaving Britain’s withdrawal from the European Union in turmoil on the very day it was supposed to quit the bloc.
The decision to reject a stripped-down version of May’s divorce deal has left it totally unclear how, when or even whether Britain will leave the EU, and plunges the three-year Brexit cri...
US Attorney General will Mueller report by mid-April
2019-03-29 20:26:01 UTC
WASHINGTON (Reuters) - U.S. Attorney General William Barr plans to issue a redacted copy of Special Counsel Robert Mueller’s nearly 400-page investigative report into Russian interference in the 2016 election by mid-April, he said in a letter to lawmakers on Friday.
“Everyone will soon be able to read it on their own,” Barr wrote in the letter to the top Democrats and Republicans on the Senate and House Judiciary committees.
He said he is willing to appear before both committees to testify about Mueller’s report on May 1 and May 2.
Mueller completed his 22-month investigation probe into whether President Donald Trump’s campaign co...
May Promises to Resign if Brexit Deal Passes
2019-03-27 18:09:57 UTC
LONDON (Reuters) - British Prime Minister Theresa May said on Wednesday she would quit if her twice-defeated EU divorce deal passes at the third attempt, making a last-ditch bid to persuade rebels in her Conservative party to back her.
May told a meeting of Conservative lawmakers she would stand down if her divorce plan finally got through a bitterly-divided parliament, to ensure a smooth path for a new leader to begin the next step of negotiating the future relationship with the European Union.
“I have heard very clearly the mood of the parliamentary party,” May said. “I know there is a desire for a new approach – and new leadership...
Facebook Bans White Nationalism and Separatism on Its Platforms
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. </p><p>These bans will be enforced next week, the social media giant said in a blog <a href="https://newsroom.fb.com/news/2019/03/standing-against-hate">here</a> post. </p><p>Facebook said it would also start connecting people who search for terms associated with white supremacy to organizations focused on helping people leave behind hate groups. </p><p>Reporting by Sonam Rai in Bengaluru; Editing by Anil D'Silva</p>
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 week in submerged villages without access to clean water after the cyclone smashed into Mozambique on March 14, causing catastrophic flooding. Relief efforts have increasingly focused on containing outbreaks of waterborne and infectious diseases.
In Munhava in central Beira, doctors and nurses at a newly set up treatment center said they are tre...
Chinese Company to Sell 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 Foreign Investment in the United States (CFIUS) has informed Kunlun that its ownership of West Hollywood, California-based Grindr constitutes a national security risk, the two sources said.
CFIUS’ specific concerns and whether any attempt was made to mitigate them could not be learned. The United States has been increasingly scrutinizing app deve...
Wall Street Bogged Down by Global Growth Worries
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 Treasury yields slid on Wednesday, but came off 15-month lows reached overnight as investors remained focused on central bank dovishness globally. The inversion, if it persists, could indicate that a recession is likely in one to two years. [US/]
U.S. stocks have been hit by worries of slowing global economic growth since last week following do...
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 performance of each of the EU’s 28 countries and warn of trouble ahead, said it would wait until it receives Italy’s reform program in April before taking action.
“Italy is experiencing excessive imbalances. High government debt and protracted weak productivity dynamics imply risks with cross-border relevance, in a context of still high level of non-perf...
Scientists' evidence for man-made global warming hits 'gold standard'
2019-02-25 18:33:18 UTC
OSLO (Reuters) - Evidence for man-made global warming has reached a “gold standard” level of certainty, adding pressure for cuts in greenhouse gases to limit rising temperatures, scientists said on Monday.
“Humanity cannot afford to ignore such clear signals,” the U.S.-led team wrote in the journal Nature Climate Change of satellite measurements of rising temperatures over the past 40 years.
They said confidence that human activities were raising the heat at the Earth’s surface had reached a “five-sigma” level, a statistical gauge meaning there is only a one-in-a-million chance that the signal would appear if there was no warming.
Pope Francis declares “all-out battle” against sexual abuse
2019-02-24 16:59:12 UTC
VATICAN CITY (Reuters) - Pope Francis ended his conference on the sexual abuse of children by clergy on Sunday by calling for an “all-out battle” against a crime that should be “erased from the face of the earth”.
In his closing address to the almost 200 Church leaders he had summoned to Rome, Francis said national guidelines on preventing and punishing abuse would be strengthened and the Church’s definition of minors in cases of possession by clergy of pornography would be raised from the current age of 14.
At least two Vatican officials have been convicted in recent years of possessing child pornography.
Shortly after the confer...
Buffett rebukes Trump for taking credit for US economic growth
2019-02-23 19:58:52 UTC
(Reuters) - Warren Buffett on Saturday appeared to fault U.S. President Donald Trump for taking too much credit for the nation’s economic growth, while acknowledging that market conditions are making it tough for his Berkshire Hathaway Inc to find more big companies to buy.
Buffett lamented these states of affairs in his widely read annual letter to Berkshire shareholders.
Accompanying the letter was more bad news, that sinking stock prices and a big writedown for the company’s Kraft Heinz Co investment fueled a $25.39 billion fourth-quarter net loss, and caused Berkshire to post its lowest annual profit since 2001.
But many of ...