The trade war between the United States and China has lasted for more than one year — and a resolution is nowhere in sight.World Economyread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Investors await the Fed's latest decision on monetary policy, set to be released on Wednesday stateside. The U.S. central bank is widely expected to cut rates by 25 basis...Asia Marketsread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread more
Live the high life with a night's stay at Highclere Castle, the iconic stately home made famous by Downton Abbey.Spendread more
Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit.Banksread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
The European Union will avoid recession, according to José Manuel Barroso, the outgoing president of the European Commission.
Speaking with CNBC's "Squawk on the Street" on Monday, Barroso said that the commission fully supports the European Central Bank's actions to stimulate the region's economy, emphasizing that it should do everything it can. Still, Barroso said the European economy is doing well compared to its past.
"It's true that the growth in the real economy is going slower than expected, but let's not forget where we come from," he said. "We avoided the financial instability, we avoided the sovereign debt crisis. I think that the existential crisis regarding the euro is now over."
Despite these victories, Barroso said the ECB "should use all the instruments available to counter the risk of deflation—that's certainly worrying development recently."
Barroso, whose second five-year term is due to end on October 2014, has been cautious about Europe's recovery. He told CNBC in January that the region's high levels of unemployment mean there is still work to be done.
Europe's economy has exhibited further malaise since then, posting a manufacturing purchasing managers index (PMI) figure of 50.7 in August—a 13-year low. Even the normally strong Germany has seen an economic slowdown.
Barroso, who leads the European Union's executive branch, has played a pivotal role in coordinating sanctions against Russia after its actions in Ukraine. Last month he appeared with Ukrainian President Petro Poroshenko in Brussels to threaten further action against Moscow—sanctions which have since been announced.