Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread more
Romania's Prime Minister Victor Ponta resigned on Wednesday, in a surprise move just hours after mass protests demanding cabinet resignations as the death toll from a Bucharest nightclub fire reached 32, his ruling leftist party said.
Ponta, the country's only sitting premier to stand trial for corruption, had been under pressure to resign from President Klaus Iohannis, who defeated him in last November's presidential election.
Ponta's departure may lead to a political realignment in Romania, where a coalition of three parties form a majority in parliament.
President Iohannis, the former opposition leader, has said his aim was to bring his former Liberals to power.
"Victor Ponta is giving up his mandate. Someone needs to assume responsibility for what has happened. This a serious matter and we promise a quick resolution of the situation," Dragnea told reporters in parliament.
"You probably noticed thousands of people last evening and what they demanded," the head of the ruling leftist Social Democrat Party Liviu Dragnea said.
As of 08:50 a.m. London time, the leu had fallen 0.3 percent on the day to 4.4435 to the euro.
Ponta had repeatedly ignored calls to resign and vowed to serve out his term until the end of 2016, when the country is currently scheduled to hold its next parliamentary elections.
"I can carry any political battles but I can't fight with the people," Ponta, who will probably remain in his post with his cabinet until the president nominates a replacement, told reporters.