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British PM May to update ministers on calls with EU leaders

LONDON (Reuters) – British Prime Minister Theresa May will update her cabinet team of ministers on Monday to update them on Brexit after she spoke to several other European leaders over the weekend, her spokeswoman said. Earlier, local media reported that May ... More »

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U.S. sees strong shared interests with EU on Iran concerns

WASHINGTON/BERLIN (Reuters) – The United States on Sunday said it hopes to use strong shared interests that have emerged with its European Union partners in recent months to move forward on addressing Iran’s nuclear program, missile development and role in reg... More »

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Trump says date, place set for North Korea summit

WASHINGTON (Reuters) – President Donald Trump on Friday said the date and location have been set for a meeting with North Korean leader Kim Jong Un, building suspense for the unprecedented talks, as South Korea said it would oppose a withdrawal of U.S. troops ... More »

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NAFTA talks on autos eyed for next week: Mexico negotiator

Mexico’s chief negotiator Kenneth Smith speaks to journalists at the hotel where the seventh round of NAFTA talks takes place, in Mexico City, Mexico March 2, 2018. REUTERS/Edgard Garrido MEXICO CITY (Reuters) – U.S., Mexican and Canadian trade experts leading... More »

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Currency war is last thing world needs: ECB’s Coeure

DAVOS (Reuters) – Major economies should not target their exchange rates for competitive purposes and discussions among policymakers over currencies should be confined to official fora, European Central Bank board member Benoit Coeure said on Friday. ”The last... More »

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No daylight between Trump, Mnuchin on dollar: official

DAVOS, Switzerland (Reuters) – There is no difference between President Donald Trump’s attitude to the strength of the U.S. dollar and that of Treasury Secretary Steven Mnuchin, a senior administration official said on Friday. “I don’t think there’s any daylig... More »

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Trump to tell Davos he won’t tolerate trade abuses, IP theft

U.S. President Donald Trump arrives. REUTERS/Denis Balibouse DAVOS, Switzerland (Reuters) – U.S. President Donald Trump will urge a top-level gathering of political leaders and chief executives on Friday that his administration will not tolerate intellectual p... More »

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Davos organizer still counting on Trump to attend

DAVOS, Switzerland (Reuters) – The World Economic Forum (WEF) still expects U.S. President Donald Trump to attend its annual meeting in the Swiss Alps this week, the forum’s chairman Klaus Schwab said on Sunday. Schwab made the comments in an interview with Re... More »

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Trust in U.S. institutions plunges in Trump’s first year

FILE PHOTO: U.S. President Donald Trump appears on stage at a rally in Harrisburg, Pennsylvania, U.S. April 29, 2017. REUTERS/Carlo Allegri/File Photo DAVOS, Switzerland (Reuters) – Trust in U.S. institutions, particularly the government, has plunged in Presid... More »

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Swiss mountain town Davos relishes its turn in Trump spotlight

The logo of the town is seen in the Swiss mountain resort of Davos, Switzerland, January 11, 2018 REUTERS/Arnd Wiegmann DAVOS, Switzerland (Reuters) – The Swiss Alpine town of Davos is used to celebrities and high-rollers, but even it is relishing the new chal... More »

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Details of first Putin-Trump meeting not yet settled: Kremlin

FILE PHOTO: Russian President Vladimir Putin attends a news conference at the Kremlin in Moscow, Russia, on January 17, 2017 and U.S. President Donald Trump seen at a reception ceremony in Riyadh, Saudi Arabia, on May 20, 2017, as seen in this combination phot... More »

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Ministers laud strong start to OPEC, non-OPEC oil output cuts

A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen before a news conference at OPEC’s headquarters in Vienna, Austria December 10, 2016. REUTERS/Heinz-Peter Bader OPEC and non-OPEC countries have made a strong start to loweri... More »

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Davos elites struggle for answers as Trump era dawns

A Davos logo is seen before the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland January 15, 2017. REUTERS/Ruben Sprich By Noah Barkin DAVOS, Switzerland – The global economy is in better shape than it’s been in years. Stock markets are b... More »

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Putin, Obama discuss Syria, Ukraine at G20: Russian agencies

Russian President Vladimir Putin and U.S. President Barack Obama discussed the conflicts in Syria and Ukraine at their meeting on the sidelines of the Group of 20 summit in China’s Hangzhou, Russian media cited the Kremlin spokesman as saying on Monday. More »

Saudi-Iran tensions scupper deal to freeze oil output

DOHA A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday after Saudi Arabia demanded that Iran join in despite calls on Riyadh to save the agreement and help prop up crude prices. The development will revive oil industry fears that ... More »

Novartis takes Entresto case to U.S. cardiologist meeting

ZURICH Novartis took its campaign to invigorate sluggish sales of its new heart-failure medicine Entresto to a U.S. cardiologists meeting on Saturday, telling attendees that even clinically stable patients can benefit from the drug. Novartis, which forecasts E... More »

Saudi-Iran rivalry sets scene for OPEC showdown over output

VIENNA It used to be said of OPEC that it was like a teabag – it only worked in hot water. If that is so, conditions on world oil markets could hardly be more difficult as prices languish at almost seven-year lows near $40 a barrel. Yet, rather than closing ra... More »