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
Britain's vote to leave the European Union will lead to the political end of the United Kingdom, the president of the Council on Foreign Relations told CNBC on Friday.
There will "no longer be Great Britain, at best you'll have Little Britain," Richard Haass said on "Squawk Box. "
"This is Dissolution Day," he said. "This will light the fuse for Scotland, a second referendum [to leave the U.K.]. They'll opt for Europe over the U.K. I [also] worry about then what happens in Northern Ireland."
Northern Ireland's deputy leader Martin McGuinness on Friday called for a vote to unite the two sides of the Irish border. Roman Catholics in British-ruled Northern Ireland have long sought to reunite with Ireland. Under the EU, the border issue was diminished. McGuinness, a senior member of the Sinn Fein party, was formerly head of the militant Irish Republican Army.
As for the Scots, they voted two years ago to remain in the U.K., though a key argument at the time was a desire to stay in the EU.
"It's easy to sound melodramatic, but the European project is three quarters of a century old, and people take its peace and prosperity for granted," said Haass, an ambassador during the presidency of George W. Bush and an advisor to George H.W. Bush.
There's too much emphasis on the negatives of the EU such as the inefficiencies and over-regulation, Haass said. "But this is playing with history, and people are going to look back on this and they're going to say, 'This was a colossal mistake.'"
The Brexit vote shows the "danger of governing by referendum," he argued. "People went to the polls without the full understanding of the consequences of what they were setting in motion."
The "knock-on effect" of other nations looking to leave the EU is "very real," Haass said. "It goes far beyond whatever gyrations happen in the market this week."
Far-right movements in several European nations will feel emboldened by Britain's vote, he argued. For example, he added: "You'll have people in the right in France calling for Frexit."
The European Union, founded in 1951, has 28 member nations, including the U.K., whose exit from the group will need to be negotiated over course of what's expected to be at least two years.
— Reuters contributed to this report.