In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
At least in terms of monetary policy, Pence says should be taking after other regions who keep their benchmark interest rates near zero.Delivering Alpharead more
AT&T isn't focused on selling or divesting DirecTV, despite pressure from stakeholder Elliott Management, sources tell CNBC.Technologyread more
The measure to keep the government running through Nov. 21 now heads to the Senate, where McConnell has signaled he will back a temporary spending plan.Politicsread more
Amazon's purchase comes as part of its plan to convert its delivery fleet to 100% renewable energy by 2030. The e-commerce retailer already runs 40% of its fleet on renewable...Autosread more
As part of the plan, Amazon has agreed to purchase 100,000 electric delivery vans from vehicle manufacturer Rivian.Technologyread more
Apple's iOS 13.1 will be released on Sept. 24, six days earlier than previously announced.Technologyread more
Hedge fund titan Leon Cooperman said he's concerned about a shift to the left in the political landscape, which could harm the economy and the stock market.Delivering Alpharead more
The plan will allow Medicare to negotiate lower prices on as many as 250 drugs and apply those discounts to private health plans.Health and Scienceread more
The move could bring a welcome salve to farmers caught in the crosshairs of the trade war if it results in a reopening of the market.Politicsread more
The pilot program will deliver food and beverage, over-the-counter medications and other items within minutes, the company said. Prescription deliveries will not be available.Health and Scienceread more
(Adds background and quote)
ROME, June 5 (Reuters) - Italian Prime Minister Giuseppe Conte's office said on Wednesday the government wanted constructive talks with Brussels to reach a deal over 2019 budget targets, after the European Commission issued a warning over Rome's finances.
"The government hopes for the continuation of a constructive dialog with the Commission in order to reach an agreement on the ways in which the objectives for the current year will be achieved," Conte's office said in a statement.
The European Commission had said Italy was in breach of EU fiscal rules because of its growing debt, a situation that justifies the launch of a disciplinary procedure.
Conte's office said Italy's deficit-to-GDP ratio for 2019 would come in at 2.1%, well below the official 2.4% target.
The government said the lower deficit target would be achieved thanks to savings in the 2019 budget.
"According to our figures, the lower expense will amount to 0.07% of GDP," which roughly corresponds to 1 billion euros ($1.1 billion).
The two ruling parties, the anti-establishment 5-Star Movement and the far-right League, in January approved income support payments for the poor and measures to allow people to retire earlier. Critics said these were too much for Italy's strained public finances.
The Commission said on Wednesday that the new retirement scheme was "worsening the sustainability of public finances in the medium term."
The Italian Treasury published a report on Saturday saying the deficit could be reduced by using 2 billion euros in unexpected dividends from the Italian central bank and state-owned enterprises. ($1 = 0.8897 euros) (Reporting by Angelo Amante and Giuseppe Fonte; Editing by)