President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
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
China may be minting millionaires at a staggering rate, but the nation boasts just two representatives in a new ranking of the world's 25 wealthiest self-made individuals.
Beijing-based conglomerate Dalian Wanda Group's chairman Wang Jianlin and Alibaba's founder and executive chairman Jack Ma were the only Chinese to feature on the list published by Wealth-X on Tuesday.
With a personal fortune of $35.2 billion and $26.7 billion respectively, Wang and Ma rank in 9th and 16th place.
This is no chump change, but their wealth is still a fraction of the world's richest self-made man. Microsoft co-founder Bill Gates was perched at the top of the ranking with a net worth of $85.7 billion. Legendary investor Warren Buffett's $70.1 billion fortune placed him in second.
American business magnates dominated the chart, accounting for 14 of the 25 of the wealthiest self-made individuals. Their combined wealth amounted to $514.2 billion, which is greater than the gross domestic product (GDP) of Norway.
"The technology sector has proved yet again to be an incubator of great fortunes with many on the list… amassing significant wealth by founding and building technology-based companies," said Wealth-X , a ultra high net worth intelligence provider.
Amancio Ortega, the Spanish fast-fashion tycoon behind the Zara chain, was the highest ranking non-American on the list, in third place with a net worth of $65 billion, followed by Sweden's Ingvar Kamprad, the founder of IKEA, in the fifth spot with $48.1 billion.