Cyberattacks against accounting software firm Wolters Kluwer and the City of Baltimore in May showed how the newest wave of malicious hacking can have significant, often...Technologyread more
The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
WASHINGTON, May 16 (Reuters) - U.S. President Donald Trump is keen to advance talks with Switzerland on a free trade deal, Swiss President Ueli Maurer told reporters in Washington after the first visit by a Swiss president to the Oval Office.
Maurer described the meeting with Trump as constructive and said the U.S. president was "positive" about work on a free trade deal, but wanted to get it done "more quickly than with the EU (European Union)." Specific details were not discussed, he said.
"He thinks we should accelerate the issue," Maurer told reporters after the meeting.
The United States and the European Union are working to launch trade negotiations but the process has taken longer than expected.
Switzerland, the seventh largest foreign investor in the United States with $309 billion, is keen to expand economic ties with the United States, said Maurer, who is also finance minister.
Bilateral Swiss-U.S. trade in goods and services totaled $122 billion in 2017, according to data from the U.S. Trade Representative's office.
Maurer and Trump had been due to meet at the World Economic Forum in Davos, Switzerland in January, but Trump canceled his attendance due to a U.S. government shutdown.
"The fact that Switzerland - a Swiss president - was invited to the White House for the first time confirms that we have good relations ... and that there is a desire to deepen them," Maurer said. "That was an important step which I am convinced will be followed by others."
He said the two leaders also discussed Iran, where Switzerland provides protective and consular services for some 100 U.S. citizens and 12,000 people with both U.S. and Iranian citizenship, but declined to give further details.
The White House earlier said Trump discussed crises in the Middle East and Venezuela in the meeting with Maurer, expressing gratitude for Switzerlands role in facilitating diplomatic relations on behalf of the United States.
Switzerland is ready to play a similar role in Venezuela, but is waiting for approval by Caracas, Maurer said.
Also on the agenda, Maurer said, were China and Huawei Technologies Co Ltd, which the U.S. Commerce Department on Thursday formally placed on its "Entity List" - a move that bans the Chinese telecom giant from buying components from U.S. companies without U.S. government approval.
Maurer, who met with Chinese President Xi Jinping in Beijing in April, said his country had chosen a different path in dealing with China than Washington, preferring to advocate for its values directly with Beijing.
He said Switzerland had banned all foreign companies from providing services or hardware for its critical infrastructure, but Huawei was present in the private commercial market. (Reporting by Andrea Shalal in Washington Editing by James Dalgleish)