Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
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Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
Syria's Kurds said Syrian government forces agreed Sunday to help them fend off Turkey's invasion.World Newsread more
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
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A spokesperson for the U.S.-backed Syrian Democratic Forces (SDF) has issued a stark warning to the international community.World Newsread more
climate and migration@
BRUSSELS/BERLIN, Sept 16 (Reuters) - Germany wants to cap the European Union's next budget for 2021-27 at 1% of the continent's economy, a scenario that would still see Berlin contribute some 10 billion euros more every year, according to a document seen by Reuters.
"We will conduct the MFF (Multiannual Financial Framework or the long-term EU budget) negotiations on the basis of 1% of the EU27 GNI," read the document, which Germany is presenting to its EU peers during ministerial talks in Brussels on Monday.
"Losing the UK as one of the largest next contributors to the MFF means that even with this limit, contributions of the remaining Member States will increase significantly."
Germany - the EU's largest economy and the biggest contributor to the bloc's joint coffers - also demanded that its poorer regions benefiting from EU development aid should not be excessively hit in any revamp of the so-called cohesion funds.
It demanded "strong or additional" incentives on migration and climate projects, and insisted that all EU spending should be subject to rule of law conditionality as the bloc moves to curb aid to members like Poland or Hungary that stand accused of violating core rules by undercutting democratic standards.
"Germany and France have jointly proposed that revenues accruing to member states from a Financial Transaction Tax could play a role in financing the (euro zone budget) in the form of assigned revenues," the paper added. (Reporting by Gabriela Baczynska and Riham Alkousaa Editing by John Chalmers)