Right-wing President-elect Jair Bolsonaro said on Tuesday he plans to tackle the overhaul of Brazil’s fiscally burdensome pension system with piecemeal reforms that can pass Congress, starting with an increase…
more ...VW May Use Ford’s US Plants to Build Cars
Volkswagen AG’s chief executive said Tuesday after a meeting at the White House that the German automaker was building an alliance with Ford and might use the U.S. automaker’s plants to build cars. …
more ...Rich, Poor Struggle to Shoulder Losses From Devastating Storms
The devastation caused by powerful storms is a growing threat to both poor and rich nations, propelling Caribbean islands to the top of a global index of countries most severely…
more ...US Coal Consumption Drops to Lowest Level Since 1979
Americans are consuming less coal in 2018 than at any time since Jimmy Carter’s presidency, a federal report said Tuesday, as cheap natural gas and other rival sources of energy…
more ...World Bank Ups Funds to Tackle ‘Existential Threat’ of Climate Change
The World Bank will give equal weight to curbing emissions and helping poor countries deal with the “disastrous effects” of a warming world as it steps up investments to tackle…
more ...White House Seeks to End Subsidies for Electric Cars, Renewables
White House economic adviser Larry Kudlow said on Monday the Trump administration wants to end subsidies for electric cars and other items, including renewable energy sources. Asked about plans after…
more ...Fed Chairman Powell Says Economic Challenges Remain
Federal Reserve Chairman Jerome Powell said Monday that despite solid economic progress, the country still faces a number of challenges ranging from slow wage-growth for lower-income workers to sluggish productivity…
more ...Trump Boasts of Relations with Xi, New Trade Deal with China
U.S. President Donald Trump boasted Monday of his “very strong and personal relationship” with Chinese President Xi Jinping, declaring a new U.S.-China trade deal would immediately allow American farmers to…
more ...UN Chief: World in Deep Trouble With Climate Change
U.N. Secretary-General Antonio Guterres is warning the world is “in deep trouble with climate change.” Speaking Monday at the opening of two weeks of climate talks in Poland, Guterres said…
more ...Nigeria Struggles Against Unemployment, Extreme Poverty
Nigeria’s unemployment numbers jumped by nearly 30 percent this year to 16 million, according to a November report by the National Bureau of Statistics. Another two million are expected to…
more ...China-US Tariff Truce is Opportunity with Tight Time Frame
China and the United States have agreed to put tariffs on hold and give negotiations a chance. But the short 90-day period the two have to finish negotiations, which includes…
more ...Trump-Xi Dinner in Argentina Leads to Trade War Truce
U.S. President Donald Trump has returned home from the Group of 20 meeting of the world’s top economies. After the curtain came down on the summit, the spotlight lingered on…
more ...Espionage, ID theft? Risks From Stolen Marriott Data Myriad
The data stolen from the Marriott hotel empire in a massive breach is so rich and specific it could be used for espionage, identity theft, reputation attacks and even home burglaries,…
more ...US Judge Gives Preliminary OK to $48M VW Investor Settlement
A U.S. judge in California has granted preliminary approval of a $48 million settlement for investors who said Volkswagen AG made false and misleading statements about its excess diesel emissions. Lawyers for the…
more ...Markets Sweat on Lopez Obrador’s ‘True Colors’ on Eve of New Mexican Presidency
During Andres Manuel Lopez Obrador’s successful campaign for the Mexican presidency, his advisers met representatives of dozens of investment funds to allay fears about the leftist’s plans, saying he prized…
more ...Indian Politicians Spar Over Dodgy Economic Data as Election Nears
It may be the world’s sixth largest, but most other things about India’s economy are up for debate. The ruling Bharatiya Janata Party (BJP) is under fire for the release…
more ...New North American Trade Pact Signed
The leaders of the United States, Mexico and Canada have signed a new North American trade deal, underpinning $1.2 trillion in annual commerce among the three countries. President Trump…
more ...G-20 Prepares for Fiery Summit Amid Trade War, Security Tensions
World leaders are preparing for a potentially fiery G20 summit starting Friday in Buenos Aires. As Henry Ridgwell reports, the two-day meeting is being held against the backdrop of a…
more ...Deutsche Bank Offices Raided in Money Laundering Probe
Police raided six Deutsche Bank offices in and around Frankfurt on Thursday over money laundering allegations linked to the “Panama Papers”, the public prosecutor’s office in Germany’s financial capital said.…
more ...Trump Studying New Auto Tariffs After GM Restructuring
U.S. President Donald Trump said Wednesday that new auto tariffs were “being studied now,” asserting they could prevent job cuts such as the U.S. layoffs and plant closures that General…
more ...Stocks Leap as Fed Chief Hints Interest Rate Increases May Taper Off
Federal Reserve Chair Jerome Powell boosted U.S. stock markets on Wednesday when he said interest rates were “just below” estimates of a level that neither brakes nor boosts a healthy…
more ...Trump: US Tariffs on More Foreign Vehicles Would Have Prevented GM Plant Closures
U.S. President Donald Trump touted the use of U.S. tariffs on foreign small trucks Wednesday, saying their placement on other foreign vehicles would have prevented the closure of several General…
more ...Powell: Fed’s Gradual Rate Hikes Balance Against Risks
U.S. Federal Reserve Chair Jerome Powell said on Wednesday that while there was “a great deal to like” about U.S. prospects, the Fed’s gradual interest rate hikes are meant to…
more ...Ikea Moving Into City Centers to Adapt to Consumer Changes
An airport worker drops by Warsaw’s newest Ikea store during her lunch break to finish up plans for a home refurbishment. Around her, people drift in and out of the…
more ...Ocean Shock: Building a Silicon Valley of the Sea
This is part of “Ocean Shock,” a Reuters series exploring climate change’s impact on sea creatures and the people who depend on them. Norway has built the world’s biggest salmon-farming…
more ...Ahead of G20, Trump Open to Deal with China
President Donald Trump and China’s leader Xi Jinping will meet to discuss trade issues on the sidelines of the G20 Summit in Buenos Aires this week. The head of the…
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