European Commission preparations to retaliate against proposed new U.S. sanctions on Russia that could affect European firms are likely to face resistance within a bloc divided on how to deal with Moscow, diplomats, officials and experts say. A bill agreed by U.S. Senate and House leaders foresees fines for companies aiding Russia to build energy […]
Read moreU.S. home resales volumes fell more than expected in June as a dearth of properties pushedhouse prices to a record high. The National Association of Realtors said on Monday existing home sales dropped 1.8 percent to a seasonally adjusted annual rate of 5.52 million units last month. May’s sales pace was unrevised at 5.62 million […]
Read moreU.S. home resales volumes fell more than expected in June as a dearth of properties pushedhouse prices to a record high. The National Association of Realtors said on Monday existing home sales dropped 1.8 percent to a seasonally adjusted annual rate of 5.52 million units last month. May’s sales pace was unrevised at 5.62 million […]
Read moreSmall-business owners have been some of the most vocal opponents of the Affordable Care Act. One trade group fought the overhaul all the way to the Supreme Court. But for many solo entrepreneurs and freelancers, the seeming collapse of the Senate’s efforts to repeal and replace the law came as a relief. Sarah McCarthy, 39, […]
Read moreThe parents of Charlie Gard have ended their legal battle to give the terminally ill British baby further treatment, a lawyer representing the parents said on Monday. The lawyer told London’s High Court that time had “run out” for the child. “For Charlie it is too late. The damage has been done,” Grant Armstrong said. […]
Read moreWith the mounting problems facing South Africa, CNBC looks at the investment case for the country and whether its economic outlook is starting to look bleak. Last Thursday, the South African Reserve Bank cut its benchmark interest rate for the first time in five years, dropping the rate by 25 basis points to 6.75 percent […]
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THIS summer America has experienced some of the most intense heatwaves in decades. In parts of southern Arizona the mercury has climbed to a sweltering 48°C. That has had an impact on the state’s infrastructure. Last month, a single day’s heatwave grounded dozens of planes. As global temperatures climb higher, such incidents are likely to […]
Read morePoland could lose its voting rights in the European Union if it presses ahead with reforms to the judiciary. The country has become a headache for the EU since the right-wing conservative government won the general election in 2015 and began implementing several laws deemed risky for democracy. The European Commission, which is responsible for […]
Read moreDemocrats rolled out a new economic platform Monday in hopes of winning over President Donald Trump‘s populist base with promises to take on big businesses, lower the cost of prescription drugs and create jobs. The campaign — “A Better Deal” — is intended as a counterpunch to the president’s frequent criticism of the lackluster recovery […]
Read moreDuring his final term as Federal Reserve chairman, Alan Greenspan noted an impediment stifling economies in the former Soviet Union: “legal chaos, rampant criminality, and widespread corruption” reminiscent of the American Wild West. “Market economies,” Greenspan concluded, “require a rule of law.” Suddenly, the words and actions of President Donald Trump are raising questions about […]
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