May had failed to win a parliamentary majority on Britain's withdrawal from the European Union.Europe Politicsread more
Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
Despite a decline in global commercial real estate markets, Asia-Pacific continues to enjoy a record-breaking growth — thanks to China, according to the Global Capital Flows...Real Estateread more
The Wall Street Journal and The New York Times, citing people familiar with the deal, reported that $30 million would go to plaintiffs and $14 million would be used to pay...Entertainmentread more
Danish shipping group A.P. Moller-Maersk on Friday posted first-quarter profit close to expectations and warned that trade tensions and slowing economic growth constitute...Earningsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
The U.S. Commerce Department said its proposed rule would amend the normal countervailing duty process to include new criteria for currency undervaluation.World Economyread more
SpaceX sent 60 satellites into space in a key first mission toward the company's own high-speed internet network.Internetread more
Zilingo founder Ankiti Bose says working as an investment analyst helped her build her near-$1 billion fashion start-up.Ditching the Corporate Liferead more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
(Recasts with Trump's announcement)
WASHINGTON, Jan 25 (Reuters) - President Donald Trump said on Friday he has reached a tentative agreement with U.S. lawmakers for three weeks in stop-gap funding that would end a partial U.S. government shutdown now in its 35th day, with a senior Democratic aide saying money the president demanded for a border wall is not included.
The president had previously insisted on the inclusion of $5.7 billion to help pay for a wall along the vast U.S.-Mexico border in any legislation to fund government agencies.
"I am very proud to announce today that we have reached a deal to end the shutdown and reopen the federal government," Trump said in remarks in the White House Rose Garden.
"In a short while, I will sign a bill to open our government for three weeks until Feb. 15. I will make sure that all employees receive their back pay very quickly, or as soon as possible," Trump said.
With the effects of the shutdown spreading on Friday, Trump said a bipartisan congressional conference committee would meet to come up with a plan for border security.
Trump triggered the shutdown, which began on Dec. 22 and idled some 800,000 government employees, with his wall-funding demand but Democrats, who control the House of Representatives, rejected it on the grounds that a wall would be costly, ineffective and immoral. Trump, whose Republicans have a majority in the Senate, has said it is necessary to curb illegal immigration and drug trafficking.
The arrangement, which would require passage in the House and Senate and Trump's signature, would leave his request for wall funding for later talks, a House Democratic aide said. The House could pass the measure as soon as later Friday if Republicans agree to hold a vote, the aide said.
A Senate Republican aide said Senate Majority Leader Mitch McConnell was expected to press for passage of a three-week funding bill on Friday.
"We do not need 2,000 miles of concrete wall from sea to shining sea. We never did," Trump said. "We never proposed that. We never wanted that because we have barriers at the border where natural structures are as good as anything that we could build. "Our proposed structures will be in predetermined, high-risk locations that have been specifically identified by the Border Patrol to stop illicit flows of people and drugs," Trump said.
FUNDING AT LAST YEAR'S LEVELS
The temporary funding bill would extend agency funding at the last fiscal year's levels and would include some money for border security - but not a wall.
Democratic Senator Patrick Leahy, a senior member of the Senate Appropriations Committee, said he wanted to hear what Trump had to say before he would assume there was an iron-clad deal.
In one of the many effects of the shutdown, hundreds of flights were grounded or delayed at airports in the New York area and Philadelphia on Friday as more air traffic controllers called in sick.
The Federal Aviation Administration issued a ground stop for flights destined for New York's LaGuardia Airport on Friday morning before lifting it about an hour later. Staff shortages also delayed flights at Newark Liberty International Airport and Philadelphia International Airport, the FAA said.
Hundreds of thousands of federal workers have been furloughed or, as with some airport workers, required to work without pay. Some federal agencies have reported much higher absence rates among workers as they face an indefinite wait for their next paychecks.
The lapse in funding has shuttered about one-quarter of federal agencies, with about 800,000 workers either furloughed or required to work without pay. It is the longest such shutdown in U.S. history. Many employees as well as contractors were turning to unemployment assistance, food banks and other support. Others began seeking new jobs.
On Thursday, a bill backed by Trump to end the shutdown by including the $5.7 billion he wants for partial wall funding and a separate bill supported by Democrats to reopen shuttered agencies without such funding did not get the votes required to advance in the 100-member Senate.
Democratic House Speaker Nancy Pelosi told reporters on Thursday the possibility of legislation that includes a large down payment on a wall, "is not a reasonable agreement."
A Washington Post-ABC News opinion poll published on Friday showed public disapproval of Trump has swelled 5 percentage points to 58 percent over three months, with a majority of Americans holding him and congressional Republicans most responsible for the shutdown. The poll found that more than one in five Americans say they have been personally inconvenienced by the shutdown.
(Reporting by Richard Cowan and Steve Holland; Editing by Bill Trott)