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
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread 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
Prototypes of driverless cars are set to get the go-ahead on a stretch of Germany's busy A9 autobahn.
For years, the country's car makers have been developing models with "autonomous driving" technology —passenger vehicles and trucks that can self-drive in cities and on highways without human interference.
According to an internal memo, Germany's traffic ministry hopes to create a network in which traffic jams and pollution can be reduced, while road safety will be increased.
"We will start with a digitization of the test section," a spokesman for the ministry told NBC News. "The goal is to introduce measuring points with which we will allow vehicle to vehicle and road to vehicle communication."
Germany's Mercedes-Benz last year introduced its "Future Truck 2025," which can self-drive at speeds of up to 50 mph on highways.
Audi has claimed that its 560-horsepower RS7 vehicle topped 149mph while racing without a driver around Formula One's Hockenheim track last October.
The self-drive sports car took just over two minutes to complete a lap, according to the automaker.
Earlier this month, Google revealed it had been talking with most of the world's top automakers and has assembled a team of suppliers to speed efforts to bring self-driving cars to market by 2020.
Read More Movie-inspired inventions come to life
In an interview with newspaper Frankfurter Allgemeine Zeitung, Traffic Minister Alexander Dobrindt stressed that Germany intends to be a world leader for digital vehicles and not dependent on Google technology.
"We have to achieve a digital sovereignty, independent from America and Asia," Dobrindt said.
The stretch on the A9 autobahn — which links Munich and Berlin — is supposed to give the industry the opportunity to "test and optimize new innovations in an adapted infrastructure that offers data connections and measuring tools," a ministry spokesman said. No official launch date has been announced.