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.
Russian TV sends warning to US: We're able to hit you "in less than five minutes"
2019-02-25 18:18:17 UTC
MOSCOW (Reuters) - Russian state television has listed U.S. military facilities that Moscow would target in the event of a nuclear strike, and said that a hypersonic missile Russia is developing would be able to hit them in less than five minutes.
The targets included the Pentagon and the presidential retreat in Camp David, Maryland.
The report, unusual even by the sometimes bellicose standards of Russian state TV, was broadcast on Sunday evening, days after President Vladimir Putin said Moscow was militarily ready for a “Cuban Missile”-style crisis if the United States wanted one.
With tensions rising over Russian fears that the ...
Netanyahu faces backlash for far-right alliance
2019-02-24 17:22:42 UTC
JERUSALEM (Reuters) - Prime Minister Benjamin Netanyahu has touched off rare criticism from AIPAC, the largest U.S. pro-Israel lobby, over an election alliance with a far-right party loyal to the policies of the late anti-Arab rabbi, Meir Kahane.
Faced with a new merger of centrist parties that opinion polls show might defeat him, Netanyahu engineered the deal between Jewish Power and another <a
href="https://www.haaretz.com/israel-news/.premium-how-netanyahu-rehabilitated-jewish-supremacism-1.6962310"><strong><I>ultranationalist faction</I></strong></a>, Jewish Home, on Wednesday.
Polls suggest that without the alliance one or both...
UK's Theresa May delays vote on Brexit until March 12
2019-02-25 18:01:20 UTC
SHARM EL-SHEIKH, Egypt (Reuters) - Prime Minister Theresa May promised on Sunday to offer lawmakers a vote on her Brexit deal by March 12, the latest delay in her attempt to win approval for a plan to ensure Britain’s orderly departure from the European Union.
As the United Kingdom’s labyrinthine Brexit crisis goes down to the wire, May is making a last-ditch effort to get changes to the divorce package but lawmakers may try on Wednesday to grab control of Brexit in a series of parliamentary votes.
After the British parliament voted 432-202 against her deal in January, the worst defeat in modern British history, May promised to seek ...
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...
Irish PM, Leo Varadkar rejects a post-Brexit border backstop that includes a time limit
2019-02-24 16:43:17 UTC
SHARM EL-SHEIKH, Egypt (Reuters) - Ireland cannot accept a post-Brexit border backstop that has a time limit or a unilateral exit clause, Prime Minister Leo Varadkar said on Sunday.
“We are happy to discuss with the United Kingdom assurances that they may need to give them further confidence that the backstop were it ever applied will not be permanent,” Varadkar told reporters.
“We are not playing chicken, we are not playing poker, we are just standing by our position which has been solid since day one,” he said. “A backstop that includes a time limit isn’t a backstop at all, nor would a unilateral exit clause work for us.”
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 ...
Democrats pursue subpoenas on US migrant family separation policy
2019-02-23 19:35:34 UTC
WASHINGTON (Reuters) - In what is likely to be their first public use of subpoena power since taking over the U.S. House of Representatives in January, Democrats were set to vote on Tuesday on subpoenaing documents on the Trump administration’s migrant family separation policy.
If approved, the subpoenas by the House Oversight Committee would show Democrats beginning to invoke the investigative clout they obtained when voters in November handed them majority control of the House and took it away from Republicans.
Democrats are initiating a series of investigations of President Donald Trump, his personal finances and business interest...
North Carolina: New election in undecided US House race
2019-02-21 22:04:16 UTC
(Reuters) - North Carolina’s elections board on Thursday unanimously ordered a new election for a U.S. House seat after officials said corruption surrounding absentee ballots tainted the results of last November’s vote.
The bipartisan board’s 5-0 decision came after Republican candidate Mark Harris requested a new vote, telling the panel that evidence of possible ballot fraud had undermined confidence in the election.
In the televised hearing, board members said “corruption” and the “absolute mess with the absentee ballots” had cast doubt on the fairness of the contest and voters deserved a fresh election.
Harris’ request for a ne...
Putin says Russia ready to place new nuclear missile near US territory
2019-02-21 21:52:11 UTC
MOSCOW (Reuters) - Russian President Vladimir Putin said Russia is militarily ready for a Cuban Missile-style crisis if the United States wanted one and threatened to place hypersonic nuclear missiles on ships or submarines near U.S. territorial waters.
The Cuban Missile Crisis erupted in 1962 when Moscow responded to a U.S. missile deployment in Turkey by sending ballistic missiles to Cuba, sparking a standoff that brought the world to the brink of nuclear war.
More than five decades on, tensions are rising again over Russian fears that the United States might deploy intermediate-range nuclear missiles in Europe, as a landmark Cold ...
Sanders to Ask Why Drug, Once Free, Now Costs $375k
2019-02-04 16:47:41 UTC
WASHINGTON (Reuters) - U.S. Senator Bernie Sanders sent a letter to Catalyst Pharmaceuticals on Monday asking it to justify its decision to charge $375,000 annually for a medication that for years has been available to patients for free.
The drug, Firdapse, is used to treat Lambert-Eaton Myasthenic Syndrome (LEMS), a rare neuromuscular disorder, according to the letter, made available to Reuters by the senator’s office. The disorder affects about one in 100,000 people in the United States.
The government is intensifying its scrutiny of the pharmaceutical industry and rising prescription drug prices, a top voter concern and a priority...
Venezuela President Maduro Breaks Diplomatic Relations with US
2019-01-23 20:40:45 UTC
CARACAS (Reuters) - Venezuelan President Nicolas Maduro said on Wednesday he was breaking diplomatic relations with the United States, after the Trump administration recognized opposition leader Juan Guaido as the South American country’s interim president.
Speaking to supporters outside the Miraflores presidential palace in Caracas, socialist leader Maduro said he would give U.S. diplomatic personnel 72 hours to leave Venezuela, which is suffering from a hyperinflationary economic collapse.
Reporting by Caracas Newsroom, Editing by Rosalba O'Brien
Brexit: EU To Prepare For Worst Variant
2019-01-16 04:37:26 UTC
BRUSSELS (Reuters) - European Union leaders expressed dismay and regret on Tuesday after the British parliament rejected a Brexit divorce deal, saying they were stepping up emergency planning and warned London was running out of time.
The EU’s chief executive, the European Parliament Brexit negotiator and a host of prime ministers took to Twitter to call on London for ideas on what to do now to stop Britain crashing out of the bloc with no deal on March 29.
European Council President Donald Tusk, who chairs EU summits, suggested the only real solution was for Britain to stay in the EU after British lawmakers defeated Prime Minister T...
U.S. President: 'I Never Worked For Russia'
2019-01-14 22:43:31 UTC
WASHINGTON (Reuters) - U.S. President Donald Trump said on Monday he never worked for Russia, his first direct denial after a media report that the FBI in 2017 investigated whether he acted against U.S. interests.
Trump also disputed a Washington Post report that he had concealed details about his meetings with Russian President Vladimir Putin and confiscated his interpreter’s notes. Congressional Democrats raised the possibility of subpoenaing the translator.
The New York Times reported on Friday that the FBI opened the investigation after Trump’s firing of FBI Director James Comey raised concerns that the president posed a threat t...
Jimmy Carter: The US Is An “Oligarchy With Unlimited Political Bribery”
2019-01-08 00:53:49 UTC
<p>Former president Jimmy Carter said Tuesday on the nationally syndicated radio show the <a href="http://www.thomhartmann.com/">Thom Hartmann Program</a> that the United States is now an “oligarchy” in which “unlimited political bribery” has created “a complete subversion of our political system as a payoff to major contributors.” Both Democrats and Republicans, Carter said, “look upon this unlimited money as a great benefit to themselves.”</p><p>Carter was responding to a question from Hartmann about recent Supreme Court decisions on campaign financing like <em>Citizens United</em>.</p><p>T...
Wikileaks Tells Media to Stop Spreading Falsehoods About Assange
2019-01-07 01:25:59 UTC
LONDON (Reuters) - WikiLeaks on Sunday advised journalists not to report 140 different “false and defamatory” statements about its founder Julian Assange, who has been holed up in the Ecuadorean embassy in London since June 2012.
It was not immediately clear what prompted the advice to media organizations, but WikiLeaks singled out Britain’s Guardian newspaper for publishing what it said was a false report about Assange. The Guardian did not immediately respond late on Sunday to a Reuters request for comment.
The Australian set up WikiLeaks as a channel for publishing confidential information from anonymous sources. He is a hero to s...
France's Yellow Vest Protests Enter 8th Week
2019-01-06 03:25:12 UTC
PARIS (Reuters) - Rioters in Paris torched motorbikes and set barricades ablaze on the upmarket Boulevard Saint Germain on Saturday, as protests against high living costs and the perceived indifference of President Emmanuel Macron turned violent on the fringes.
The latest “yellow vest” marches began peacefully but degenerated in the afternoon as protesters threw missiles at riot police blocking bridges over the Seine.
Officers fired tear gas to prevent protesters crossing the river and reaching the National Assembly. One riverboat restaurant was set ablaze and a policeman was wounded when he was hit by a bicycle hurled from a street ...
Pelosi Plans New Legislation to Reopen Parts of US Government
2019-01-06 03:12:02 UTC
WASHINGTON (Reuters) - U.S. House Speaker Nancy Pelosi said Democrats would pass new legislation to try to reopen parts of the government next week after talks between the Trump administration and Democratic negotiators on Saturday failed to end a two-week partial government shutdown.
President Donald Trump is demanding $5.6 billion to build a wall along the U.S. border with Mexico but Democrats in control of the House of Representatives this week passed a bill to reopen the government without providing additional funding for the wall.
Trump says he will not sign the bill until he gets the money for the wall.
After a meeting aimed...
Britain Will Be Worse Off In Any Scenario Outside The EU: Brexit
2018-11-28 20:47:57 UTC
LONDON (AFP) — Britain will be economically worse off in any scenario outside the EU, the government said Wednesday, as the Bank of England warned that a no-deal Brexit would trigger a financial crisis.
The government's plans for post-Brexit ties with the European Union would still cost the economy around 3.9 percent of gross domestic product over 15 years, a government report found.
Finance minister Philip Hammond said the departure deal agreed Sunday between Britain and the EU was the optimum way to minimise the cost of leaving the bloc.
The report comes as Prime Minister Theresa May took the divorce deal to a sceptical Scotland...
GM To Cut 14,700 Jobs In Ohio, Michigan, Maryland And Ontario
2018-11-26 18:36:11 UTC
DETROIT/WASHINGTON (Reuters) - General Motors will cut production of slow-selling models and slash its North American workforce in the face of a declining market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles.
The announcement is the biggest North America restructuring for the U.S. No. 1 carmaker since its bankruptcy a decade ago. Its shares rose 7.6 percent to $38.66.
GM plans to halt production next year at three assembly plants: Lordstown, Ohio; Hamtramck, Michigan; and Oshawa, Ontario. It will also stop building several models now assembled at those plants, including the Chevrolet...
Coast of annexed Crimea: Russia seized three Ukrainian naval ships
2018-11-26 00:41:03 UTC
MOSCOW/KIEV (Reuters) - Russia seized three Ukrainian naval ships off the coast of Russia-annexed Crimea on Sunday after opening fire on them and wounding several sailors, a move that risks igniting a dangerous new crisis between the two countries.
Russia’s FSB security service said early on Monday its border patrol boats had seized the Ukrainian naval vessels in the Black Sea and used weapons to force them to stop, Russian news agencies reported.
The FSB said it had been forced to act because the ships — two small Ukrainian armored artillery vessels and a tug boat. — had illegally entered its territorial waters, attempted illegal ac...
Catastrophic Effects of Climate Change
2018-11-25 02:46:14 UTC
(Reuters) - Climate change will cost the U.S. economy hundreds of billions of dollars by the end of the century, hitting everything from health to infrastructure, according to a government report issued on Friday that the White House called inaccurate.
The congressionally mandated report, written with the help of more than a dozen U.S. government agencies and departments, outlined the projected impact of global warming on every corner of American society in a dire warning that is at odds with the Trump administration’s pro-fossil-fuels agenda.
“With continued growth in emissions at historic rates, annual losses in some economic secto...
Finland's President to Trump: We Don't Rake Forests
2018-11-19 23:34:38 UTC
During a visit to wildfires-hit California, the US president had said Finland routinely raked its forests to foil fires. Finnish President Sauli Niinisto responded, saying he was not sure where Trump got the idea.
Finnish President Sauli Niinisto was left raking his memory to figure out where US President Donald Trump got the idea that raking is part of his Finland's routine to avoid forest fires.
Niinisto told Finland's Ilta-Sanomat newspaper that he and Trump had discussed California wildfires during their brief meeting in Paris on November 11.
<img alt="Finland's_president_to_trump-_we_don't_rake_forests" src="/system...
Germany Halts Arms Sales, Bans 18 Saudis
2018-11-19 23:31:54 UTC
BERLIN — Germany is halting previously approved arms exports to Saudi Arabia. The government says it is also banning 18 Saudi citizens suspected of being involved in Jamal Khashoggi's death from entering Europe's Schengen zone.
Germany has triggered proceedings to ban 18 Saudi citizens allegedly involved in the murder of dissident journalist Jamal Khashoggi from entering Europe's border-free Schengen zone, German Foreign Minister Heiko Maas said on Monday.
"We still have more questions than answers in the Khashoggi case," Maas said on the sidelines of a European Union meeting in Brussels, adding that he had discussed the decision wi...