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
"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead 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.K. and EU are gearing up for what could be the busiest week in British politics since June 2016.Europe Politicsread more
"It seems like what the two leaders have done is try to set some of the thorny political issues to the side," said Dhruva Jaishankar, director of the U.S. Initiative at the...Asia Politicsread 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
The United States has cleared the final procedural hurdle in order to impose tariffs on billions of dollars of European products later this month.World Economyread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
Amtrak must take immediate steps to improve the safety of its busiest route after a derailment in Philadelphia this week that killed eight passengers and sent more than 200 to local hospitals, U.S. federal regulators said on Saturday.
The Federal Railroad Administration ordered Amtrak to put a speed-control system in use on all northbound trains along the stretch where a train crashed Tuesday night as it headed to New York.
The system, called automatic train control (ATC), is already in use on southbound trains near the derailment site.
"These are just initial steps, but we believe they will immediately improve safety for passengers on the Northeast Corridor," FRA acting Administrator Sarah Feinberg said in a news release.
Amtrak said in a statement it would implement the FRA's directives immediately.
Feinberg added that the most important safety step will be full implementation of positive train control, a more robust system for avoiding accidents than ATC.
Robert Sumwalt, a member of the National Transportation Safety Board, the agency conducting the federal probe, said this week positive train control would have prevented the accident if it was in operation along that stretch of track.
Under current law, the rail industry must adopt the technology by the end of this year.
The ill-fated train was barreling north at more than twice the 50-mile-per-hour speed limit when it entered a sharp curve and derailed, leaving a trail of tangled metal and human carnage alongside the track.
ATC detects when a train is traveling above the speed limit, sending a signal to the engineer. If the operator fails to act, the system will automatically apply the brakes.
The FRA's order came as the Southeastern Pennsylvania Transportation Authority (SEPTA) confirmed that an unidentified projectile hit one of its commuter trains operating near the derailment site about 20 to 30 minutes before the crash.
In a fresh twist to the investigation, Sumwalt revealed on Friday that the Amtrak train and a SEPTA train may have been hit by objects shortly before the accident. The NTSB has called in the FBI to examine a remnant of the locomotive's shattered windshield.
Before the disclosures, the federal probe was focusing on why the train accelerated from 70 to 106 mph in the minute before it derailed. The NTSB has not ruled out mechanical issues, human error or a deliberate act by the engineer, among other factors.
The publicly funded railroad to assess the risk of curves along the corridor and install technology to prevent derailments where curves require much slower speeds than on the track approaching them. In addition, Amtrak must increase signage that alerts engineers and conductors to maximum speeds.
Brandon Bostian, the man at the controls of the Amtrak train that derailed, told investigators during an interview on Friday that he has no memory of what happened. The engineer, whom Sumwalt described as "extremely cooperative" with investigators, suffered a concussion when the train crashed.
SEPTA spokeswoman Kristin Geiger said it was not yet known whether the projectile was thrown at the train or sent by other means, or what the projectile was.
She said that projectiles are often hurled at the agency's buses and trains.
The incident is being investigated by federal transportation officials, she said.
A projectile may also have hit a third train, an Amtrak Acela, about five minutes before it entered the 30th Street station, near the site of Amtrak derailment, local media reported, citing an account of a passenger.
The NTSB is investigating reports that projectiles hit the train that crashed as well as a third train, a spokesman said Saturday.