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
A lesser-quoted barometer for the U.K. economy is currently highlighting the bruising losses for investors following the surprise leave vote in the referendum on Friday.
The FTSE 250 Index consists of the 101st to the 350th largest companies listed on the London Stock Exchange in terms of capitalization.
It's seen in the investment community as a better barometer for the U.K. with many firms on the FTSE 100 being multinationals, such as large mining firms that operate in China.
The FTSE 250 was down 6 percent in early afternoon trade on Monday after losses of 7.2 percent on Friday. The global sell-off is widely regarded as the worst seen since the Lehman crash of 2008.
The mid-cap index hit its lowest since late 2014 on Monday afternoon with consumer cyclicals leading the losses. British banking company OneSavings Bank was the worst performer, down 27 percent. Housebuilders like Redrow and Bellway also suffered heavy losses amid uncertainty over the country's future relationship with the EU.
"The collapse in equity prices in the U.K. and Europe on Friday was ugly and shares have dropped further today," Julian Jessop, the chief global economist at Capital Economics, said in a research note.
However, he added that equities had rallied strongly ahead of the U.K. referendum result which has accentuated the move.
"Friday's collapse in the FTSE 100 simply reversed that move, leaving equities little changed over the week. Even now, the FTSE 100 is still above its mid-June lows. Admittedly, the more domestically oriented FTSE 250 has fallen further, but it rebounded from similar levels in February."