Warning light flashing for Slovakia's auto industry

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Reuters.com Newsletter

Warning light flashing for Slovakia's auto industry

When David landed an assembly line job at Volkswagen's Bratislava factory, his colleagues congratulated him on securing a well-paid position he could ride to retirement.

Tempered expectations of Fed rate cut sink stocks globally

A strong U.S. jobs report that tempered expectations of an aggressive interest rate cut by the Federal Reserve later this month and weak economic data in Germany helped push global stock indices lower on Friday after hitting record highs earlier this week.

Wall Street dips as rate cut expectations relax

U.S. stocks dipped on Friday, as the S&P 500 snapped a three-day streak of record closes, following an unexpectedly strong U.S. payrolls report that led investors to reassess how dovish a stance the Federal Reserve may take at its next meeting.

Fugitive U.S. tech guru: Cryptocurrency is next Cuban revolution

On the run from U.S. tax authorities, tech guru John McAfee puffs a cigar aboard his towering white yacht in a Havana harbor and says he can help Cuba evade the U.S. government too - by launching a cryptocurrency that defeats a U.S. trade embargo.

Boxing with giants: Italy's packing robots are not just cardboard cutouts

(This June 28 story corrects Romaco's nationality to German, not Italian, in paragraph 17)

U.S. job growth surges, July rate cut expectations intact

U.S. job growth rebounded strongly in June, with government payrolls surging, but persistent moderate wage gains and mounting evidence the economy was losing momentum could still encourage the Federal Reserve to cut interest rates this month.

Oil prices rise on Iran tensions, OPEC output cuts

Oil futures rose on Friday as tensions over Iran and an extension to output cuts by OPEC and its allies boosted prices, but mixed economic data limited the rally.

Fed faces tougher task in deciding whether to cut U.S. rates

U.S. employers are hiring workers, but that is only making the Federal Reserve's job harder.

Mexico and U.S. try new trade fix to win over Democrats: official

Mexico is working closely with U.S. Trade Representative Robert Lighthizer to close a loophole in the new North American trade deal, aimed at satisfying demands of U.S. Democratic lawmakers for tougher labor and environmental provisions, a senior Mexican official said.

Mexico issues arrest warrants for ex-Pemex CEO Lozoya, family members

Mexico's attorney general's office said on Friday that a judge issued arrest warrants for the former chief executive of state oil firm Pemex, Emilio Lozoya, three of his family members and one other person, in a graft case involving Brazilian builder Odebrecht.

GM, Ford quarterly China sales slide again amid economy woes

General Motors Co and Ford Motor Co announced their quarterly sales in China fell, albeit at a slower pace sequentially, as the U.S. automakers were hit by a slowing economy amid the Sino-U.S. trade war.

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