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
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
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
The issue of gun ownership rights was inherently related to the fight against extremism, warned former Australian Prime Minister John Howard on Tuesday.
"There's no good pretending these issues don't relate," the 76-old said on the sidelines of the annual JPMorgan Global China Summit in Beijing.
Howard, who served as Australia's prime minister from 1996 to 2007, is widely known for his fierce stance on the possession of firearms. He introduced strict national gun control laws following the 1996 Port Arthur shooting in Tasmania in which 35 people died.
The decision to enforce total prohibition on automatic and semi-automatic weapons back then drastically reduced the number of mass shootings and the likelihood of them occurring in the future, Howard told CNBC.
In the U.S., the Second Amendment of the Constitution has been interpreted as granting the right of gun ownership to individuals for purposes that include self-defense but recent episodes of violence have prompted some lawmakers to question revoking that right.
Such a constitutional guarantee was "perplexing," Howard said.
"I would never presume to lecture another country...[but] I hope out of this horrible event that there is that debate, but I also respect the fact that America is different from Australia," he continued, referring to the recent deadly shootings in Orlando, Florida that claimed 49 lives.
"When something like this happens, the most important thing is to call it as it is. Obviously the ready availability of weapons is a big issue, obviously Islamic fanaticism is a big issue...[and] the intolerance of those against different lifestyles."
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