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United Kingdom

G20

Britain warns EU - we'll find ways to compete if no trade deal

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DAVOS, Switzerland British finance minister Philip Hammond warned the European Union on Thursday that Britain would find other ways to remain competitive after Brexit if it did not strike a comprehensive trading deal with the bloc.

Schaeuble says Britain should not use corporate tax rates to gain advantage

DAVOS, Switzerland German Finance Minister Wolfgang Schaeuble said at the World Economic Forum in Davos on Thursday that Britain should not try to gain competitive advantage by cutting corporate tax rates.

Business, 19 Jan 2017

Germany says 'we are against a race to the bottom' on tax policy

BERLIN Germany opposes an international 'race to the bottom' on tax competition, a spokeswoman for the Finance Ministry said on Monday when asked about British Prime Minister Theresa May's declared aim of having the lowest corporate tax rate in the G20.

Business, 16 Jan 2017

Merkel urges United States to stick to international cooperation

PERL-NENNIG, Germany German Chancellor Angela Merkel on Saturday urged the United States to stick to multilateral cooperation, saying a trend towards protectionism was a risk to prosperity.

World, 14 Jan 2017

Germany invites Russian minister on EU sanctions list to G20 meeting

BERLIN/MOSCOW Russian Agriculture Minister Alexander Tkachev, who is on a European Union list of Russians banned from entering the bloc, will next week attend a meeting in Berlin with his G20 counterparts at Germany's invitation.

World, 13 Jan 2017

Global watchdog finalises proposed rules to tackle asset management risks

LONDON Global regulators flagged on Thursday they would revisit plans on whether to designate big asset managers such as BlackRock and Vanguard as being globally systemic and requiring tougher scrutiny, despite fierce resistance from the sector.

Business, 12 Jan 2017

Giant UK banking sector faces 'Jenga' risks from Brexit - Carney

LONDON Bank of England Governor Mark Carney said on Wednesday that Britain's giant financial services sector could be undermined like a wobbly wooden tower in the popular game of Jenga if key parts of the industry move elsewhere because of Brexit.

Business, 11 Jan 2017

Don't expect Trump-style protectionism from Germany

BERLIN/FRANKFURT Germany is reviewing its powers to block foreign acquisitions after a spate of Chinese takeovers, but the government's commitment to free trade beats its concerns about haemorrhaging strategic technologies and will limit any changes.

China's war on smog sends shivers across commodities sector

BEIJING China's crackdown on exhaust-spewing factories that shut or slashed output this week at sites including steel mills, textile and cement factories and coal-fired power plants will ripple across major bulk commodity markets into 2017.

Business, 23 Dec 2016

2016 - A year of transition from talk to action on climate change

BARCELONA (Thomson Reuters Foundation) - When it comes to climate change and the battle to keep it in check, 2016 was a year of extremes.

World, 22 Dec 2016

Infographic

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Global GDP comparison

A graphical look at the world's top economies by size and per-capita production.  Interactive