The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
BlackBerry reported a nearly $1 billion quarterly loss on Friday, days after accepting its largest shareholder's Fairfax Financial, a Canadian insurance company, tentative $4.7 billion bid to take it private.
BlackBerry, which had warned of the results on Sept. 20, said its net loss for the second quarter ended on Aug. 31 was $965 million, or $1.84 a share, while revenue fell 45 percent to $1.57 billion from a year earlier.
The Waterloo, Ontario-based company's steep revenue decline—and mounting losses have revived fears that BlackBerry, once a high-flier and pioneer in the smartphone sector, now faces an ignominious death.
"We are very disappointed with our operational and financial results this quarter and have announced a series of major changes to address the competitive hardware environment and our cost structure," BlackBerry Chief Executive Officer Thorsten Heins said in the earnings statement.
The loss included a pretax noncash charge of about $934 million against inventory and supply commitments for its new Z10 phone.
Excluding items, the quarterly loss was 47 cents a share on revenue of $1.57 billion.
Analysts had expected the company to report a quarterly loss excluding items of 49 cents a share on $1.61 billion in revenue, according to a consensus estimate from Thomson Reuters.
BlackBerry's results come one week after the company delivered its preliminary quarterly earnings, indicating that it would see a second-quarter loss excluding items of 47 cents to 51 cents per share and a decline in revenue to $1.6 billion.
The company also announced plans to slash 4,500 jobs, or above 40 percent of its workforce, as part of a massive restructuring.
"It's in line with the pre-announcement and the pre-announcement was just loaded with negatives—sharp reduction and revenue and inventory write-downs, cash balance shrinking, negative cash from operations and a bleak outlook," said Colin Gillis, technology analyst and director of research at BGC Partners.
"All eyes turn to the Fairfax deal," Gillis said, but "right now the market's skeptical because the stock is trading below the bid price" of $9 a share.
What is BlackBerry stock doing now? (Click here to track its shares following the report.)
On Thursday, BlackBerry abruptly said it canceled its conference call with analysts.
(Read more: BlackBerry execssold stock on day of warning)
—Reuters contributed to this report.