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 city of Auckland is so short of housing that the government will now pay up to 5,000 New Zealand dollars for people to up sticks and find another town.
The relocation grant is available to social housing tenants from Monday and a government announcement said more than 130 people had already expressed an interest.
"For those people who may want to move to cheaper regions where they may have family and other support networks, this grant will remove the cost barrier that may be preventing them from making the move," New Zealand's Social Housing Minister Paula Bennett said in statement on the government's website.
The scheme, announced in January, was originally targeted at people on the social housing register but has been extended to homeless people as media reports exposed a growing number of families living in cars, tents and garages.
In May, a Salvation Army spokesman said some streets in South Auckland had people living in every garage.
In 2014, HSBC described New Zealand as a "rock star economy" but high levels of immigration and a number of people relocating to Auckland in particular, have put pressure on housing affordability.
Prices in the country were up 12.4 percent in May on annual terms, according to an index by Quotable Value, a government-owned property research company.
And at its April policy meeting, the Reserve Bank of New Zealand Governor Graeme Wheeler voiced some concern about property prices, particularly in Auckland.
"There are some indications that house price inflation in Auckland may be picking up. House prices remain at very high levels and additional housing supply is needed," the statement read.