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.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
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
A spokesperson for the U.S.-backed Syrian Democratic Forces (SDF) has issued a stark warning to the international community.World Newsread more
The potential deal would shift Neumann's already diminished voting power to the Japanese conglomerate, according to the Journal.Technologyread more
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
On Friday, Zedd tweeted about the ban, and CNBC verified the claim with his publicist on Saturday.China Politicsread more
Hunter's vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption.Politicsread more
Apple, the company that created the modern-day smartphone, is relying on technology customers are already extremely familiar with, like cameras, and taking a backseat when it...Technologyread more
Beer giant Anheuser-Busch stopped production at its Georgia brewery this week to instead produce drinking water for those affected by a deadly bout of historic flooding and storms in Texas and Oklahoma.
Anheuser-Busch said it had stopped beer production at its Cartersville brewery in Georgia late Wednesday night to produce 50,000 cans of water for the American Red Cross.
"Right now our production line is running emergency drinking water instead of beer," Cartersville brewery manager Rob Haas told NBC News.
The Cartersville brewery produces cans of emergency relief water a few times a year, Haas said, partnering with the American Red Cross to provide to places in need within the United States.
"It's something we're uniquely positioned to do in a very timely period," he said.
About 2,000 cases, each carrying 24 cans, are en route to communities in Texas and Oklahoma, he added. The water is expected to reach those areas within the next few days.
Red Cross spokesman Jordan Scott said the organization had been working with Anheuser-Busch, one of their disaster relief partners, to iron out the logistics of the water shipments and what areas they were needed the most.
"Oklahoma and Texas are in an unprecedented situation," Scott said. "There are a lot of folks in need and everyone's coming forward to help out."
Scott said the additional drinking water would be "critical" to relief efforts in the area.
Read More Images of deadly flooding in Texas
Heavy storms and floods in Texas and Oklahoma this week have left at least 25 people dead, more than a dozen missing, and thousands of homes damaged. The rainfall was enough to fully reverse a drought afflicting the area for the last five years, according to meteorologists.
Anheuser-Busch has 12 breweries in the United States and is the maker of several major brands including Budweiser, Michelob ULTRA, Beck's, Kirin and O'Doul's.