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
Russian President Vladimir Putin told the U.N. on Monday that those who supported democratic revolutions in the Middle East are to blame for the rise of a globally ambitious Islamic State.
"Instead of the triumph of democracy and progress, we got violence, poverty and social disaster — and nobody cares a bit about human rights, including the right to life," Putin said through a translator. "I cannot help asking those who have forced that situation: Do you realize what you have done?"
The Russian president added that the power vacuum following these revolutions led to the rise of terrorist groups in the region — including the Islamic State group.
He told the United Nations General Assembly it would be an "enormous mistake" not to cooperate with the Syrian government to combat the extremist group.
"No one but President (Bashar) Assad's armed forces and Kurdish militia are truly fighting the Islamic State and other terrorist organizations in Syria," he said.
In an earlier speech at the U.N., President Barack Obama said it would be a mistake to think that Syria could be stable under Assad.
Acknowledging some of the criticism lobbed at Russia's proposal, Putin said his country is only proposing to help save the world from terrorism.
"I must note that such an honest and frank approach from Russia has been recently used as a pretext to accuse it of its growing ambitions — as if those who say it has no ambitions at all. However, it's not about Russia's ambitions, dear colleagues, but about the recognition of the fact that we can no longer tolerate the current state of affairs in the world," he said.
He proposed a "generally broad international coalition against terrorism," likening the suggestion to the anti-Hitler coalition that brought together disparate interests to battle fascism in Europe.
Putin warned that international policy toward the region has led to an Islamic State with plans that "go further" than simply dominating the Middle East. And citing recent data about failures in successfully recruiting "moderate" Syrian opposition, Putin said countries opposed to Assad are simply worsening the situation.
"We believe that any attempts to play games with terrorists, let alone to arm them, are not just short-sighted, but hazardous. This may result in the global terrorist threat increasing dramatically and engulfing new regions," the Russian leader said.
On the subject of the ongoing civil war in Ukraine, Putin warned that NATO expansion could lead to other similar crises. He called for all sides in the conflict — which he said was sparked by a "military coup" orchestrated "by the outside" — to respect the Minsk agreements, or else risk more violence.