ECB chief: low interest rates don't make inequality worse
The head of the European Central Bank is defending the bank's monetary stimulus programs and record-low interest rates against concerns that they hurt savers and favor the wealthy. Mario Draghi said in ...
T-Mobile seen as top target following AT&T-Time Warner deal
By Malathi Nayak NEW YORK (Reuters) - T-Mobile US Inc is the likeliest acquisition target as media companies seek a wireless partner following AT&T Inc's proposed $85.4 billion takeover of Time Warner Inc, analysts said. AT&T announced the deal late on Saturday, stoking urgency in the telecoms and media sectors, where carriers facing a saturated wireless market are looking for content to attract mobile users and producers of shows and movies are seeking digital distribution. T-Mobile took most of the wireless industry's subscriber and revenue growth in the third quarter.
U.S. judge approves $14.7 billion deal in VW diesel scandal
A U.S. federal judge on Tuesday approved Volkswagen AG's record $14.7 billion settlement with regulators and owners of 475,000 polluting diesel vehicles, and the German automaker said it would begin buying back the cars in mid-November. The action by U.S. District Judge Charles Breyer in San Francisco marked a pivotal moment for VW as it aims to move past a scandal that has engulfed the company since it admitted in September 2015 to installing secret software in diesel cars to cheat exhaust emissions tests and make them appear cleaner than they really were.
Exclusive: U.S. House to vote on Iran Sanctions Act renewal as soon as November
The Republican leaders of the U.S. House of Representatives plan a vote as soon as mid-November on a 10-year reauthorization of the Iran Sanctions Act, congressional aides told Reuters on Tuesday. The act, which expires on Dec. 31, is one of the major pieces of unfinished business facing lawmakers when they return to Washington after the Nov. 8 election. Aides said the reauthorization of a "clean" bill, unchanged from the current legislation, was likely to pass the House, but its fate in the Senate was less certain, given administration concerns about the bill.
Report: Gunmen still control metals mined for modern gadgets
Violent gunmen still menace pick-and-shovel miners in eastern Congo, a new report finds, despite years of efforts to loosen their grip by local reformers, Western activists and companies like Apple and ...
Trooper's widow urges voters to reject legalizing marijuana
BOSTON (AP) ? The widow of a state trooper killed by a driver accused of driving under the influence of marijuana is making an emotional plea against a ballot question that would legalize recreational pot.
Belgium saying Wallonia talks on EU-Canada deal progressing
BRUSSELS (AP) ? The Belgian government says that talks to convince the region of Wallonia to agree to a trade deal between the European Union and Canada are making progress, two days before the pact is supposed to be signed at a summit.
Senate Democrats aim to block LGBT measure from defense billWASHINGTON (AP) ? Senate Democrats are opposing a provision in the annual defense policy bill that they say would undercut protections against workplace discrimination based on sexual or gender orientation.
Highlights - Bank of England's Carney speaks in parliamentBank of England Governor Mark Carney spoke to a committee of lawmakers from the House of Lords in Britain's parliament on Tuesday. UK NEEDS FLEXIBILITY TO ADJUST FINANCIAL RULES "Because the UK financial sector is what it is, it's the most complex, it's the biggest relative to the economy, it's the most important by orders of magnitude in Europe and to some extent the world, we need the flexibility to go a little bit farther sometimes, to adjust those regulations in a way that helps protect the domestic economy from the scale of that financial sector.
Carney says politics not a factor for his Bank of England future
By David Milliken and William Schomberg LONDON (Reuters) - Bank of England Governor Mark Carney said on Tuesday that he would not be swayed by political issues as he weighs up whether to extend his stay at the British central bank beyond his scheduled departure in 2018. Carney also played down recent criticism by Prime Minister Theresa May of the "bad side-effects" of low interest rates. "I want to find some time to reflect on it," Carney told members of the House of Lords, the upper house of Britain's parliament, when asked about the factors that he was taking into account as he weighed up how long to stay at the BoE.