The Latest: Davos organizers urge shift in economic policy
The Latest on the World Economic Forum's annual meeting in the Swiss ski resort of Davos (all times local): 1:30 p.m. The World Economic Forum, which organizes the annual gathering of the global political ...
Exclusive: China to target around 6.5 percent growth in 2017 - sources
By Kevin Yao BEIJING (Reuters) - China will lower its 2017 economic growth target to around 6.5 percent from last year's 6.5-7 percent, policy sources said, reinforcing a policy shift from supporting growth to pushing reforms to contain debt and housing risks. The proposed target was endorsed by top leaders at the closed-door Central Economic Work Conference in mid-December, according to four sources with knowledge of the meeting outcome. "The target will be around 6.5 percent, which indicates that slightly slower growth is acceptable," said one of the sources, a policy adviser.
Trump threatens German carmakers with 35 percent U.S. import tariff
FRANKFURT/BERLIN (Reuters) - U.S President-elect Donald Trump warned German car companies he would impose a border tax of 35 percent on vehicles imported to the U.S. market, a plan that drew sharp rebukes from Berlin and hit the automakers' shares. In an interview with German newspaper Bild, published on Monday, Trump criticized German carmakers such as BMW , Daimler and Volkswagen for failing to produce more cars on U.S. soil. You can build cars for the United States, but for every car that comes to the USA, you will pay 35 percent tax," Trump said in remarks translated into German.
Bombers at Nigeria's Maiduguri University kill professor
MAIDUGURI, Nigeria (AP) ? Three suicide bombers, including a child, exploded at dawn Monday at Nigeria's northeastern University of Maiduguri, killing a university professor and another child, witnesses and police said. The bombers also died.
Russia ready to rebuild security ties with U.S. under Trump: Putin allyRussia is ready to resume cooperation with the United States on security issues such as the fight against terrorism and cyber crime, a close ally of President Vladimir Putin said, days before the inauguration of Donald Trump as president. Trump, who has praised Putin as "very smart", has signaled he wants to improve strained ties with Russia, despite U.S. intelligence agencies alleging the Kremlin chief ordered a cyber campaign to discredit rival Hillary Clinton during the 2016 presidential race. Russia denies it tried to sway the U.S. election by hacking or other means and Trump has played down the allegations.
Russian performance artists requests asylum in FranceMOSCOW (AP) ? A controversial Russian performance artist says he has requested asylum in France after being informed of rape charges against him.
U.S. Congress will not allow Trump to pull out of NATO: German officialChancellor Angela Merkel "read with interest" U.S. President-elect Donald Trump's interview with the Bild newspaper in which he called NATO "obsolete", her spokesman said, adding Berlin still aimed for close cooperation with Washington. Government spokesman Steffen Seibert declined to comment on specific remarks in the interview, saying many of Trump's positions were known. "We will wait for the inauguration of President Trump and then will work closely with the new administration," Seibert told a regular government news conference.
Egypt court rules against handing islands to Saudi Arabia
CAIRO (AP) ? An Egyptian court ruled on Monday against the government's decision to hand over two Red Sea islands to Saudi Arabia ? a landmark verdict likely to deepen tensions with the kingdom and embarrass President Abdel-Fattah el-Sissi.
May agrees on changing economic model post-Brexit if forced - spokeswoman
Prime Minister Theresa May shares her Chancellor's view that Britain stands ready to consider alternative economic models following Brexit if forced to, her spokeswoman said on Monday. Philip Hammond was quoted on Sunday as saying the country could change its economic model to regain competitiveness if it were to leave the EU without an agreement on access to the single market. "But if we are forced to do something different because we can't get the right deal, then we stand ready to do so." The spokeswoman declined to comment on a fall in sterling to three-month lows over fears May will use a speech on Tuesday to say Britain is set for a "hard" Brexit, making a clean break from the EU's single market.
Murray, Kerber win their 1st major matches as top seeds
MELBOURNE, Australia (AP) ? In his first Grand Slam match with the elevated status of having a knighthood and the No. 1 ranking, Andy Murray berated himself when he made mistakes and frequently yelled during a 7-5, 7-6 (5), 6-2 win over Illya Marchenko.