American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
A championship-winning racehorse belonging to Britain's Queen Elizabeth has tested positive for morphine, Buckingham Palace confirmed on Tuesday.
The British Horseracing Authority (BHA) revealed that five horses tested positive for the banned substance, and Estimate – which won the prestigious Gold Cup at Royal Ascot last year - was one.
"The British Horseracing Authority announced that a number of post-race samples, obtained from recent race meetings, had been found to indicate the presence of morphine… I can confirm that one of those horses was Estimate," John Warren, the Queen's bloodstock and racing advisor, said in a statement.
Morphine is classed as a "naturally occurring prohibited substance" and its use is banned on race days but allowed during training. Warren said initial indications suggested the positive test resulted from the "the consumption of a contaminated feed product".
Estimate is trained by renowned thoroughbred horse trainer Michael Stoute, and Warren added: "Michael is working closely with the feed company involved to discover how the product may have become contaminated prior to delivery to his stables."
The Queen has been informed of the news.
Estimate, a five-year old mare, won the Gold Cup at last year's Royal Ascot - one of the most respected racing meets in the world. This year, the Queen's horse came second.
While its Gold Cup victory is not under threat, the £80,625 ($137,458) runner-up prize money from this year's event may have to be forfeited as a result of the positive test.
The horse's trainer Stoute is unlikely to face any penalty if the investigation finds that the morphine was ingested inadvertently.
Morphine is a naturally occurring substance found in flowers like poppies. It can contaminate growing crops, and as such, end up in animal feed.