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 U.S. market is still pretty frothy, there is still a lot of M&A activity across the U.S. market…If you have a choice between deploying capital into the U.K. or Europe, where there is this uncertainty, or deploying it into the U.S., there is probably a tilt in the favor of the U.S., " global chief executive Steve Immelt told "Squawk Box ".
Data from Thomson Reuters showed that merger and acquisitionactivities involving U.K. companies fell 70 percent on-year in thefirst half of the year to $57.6 billion.
"In terms of London-based transactional practice, it's been hands down pretty much for the last three to four months," Immelt said.
The lawyer added there did not appear to be appreciable shift of capital to Asia or other developing regions, which indicated businesses were focused on U.S. deals or were waiting for the final decision on the Brexit. A referendum on June 23 will decide whether Britain remains within or leaves the European Union (EU) trade block.
He added that should the U.K. choose to leave the EU, M&A was likely to remain slow until there was clarity on what the decision meant, which could take "a long time."
A leave vote would require two years or more of exitnegotiations, according to most estimates.
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