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
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread 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
Equifax said Friday that its top information and security executives were retiring, effective immediately as the company reels from its disclosure last week that it suffered a massive data breach potentially affecting 143 million people in the U.S.
Chief information officer David Webb will be replaced by Mark Rohrwasser, who has led Equifax International IT operations since joining the company in 2016.
Chief security officer Susan Mauldin will be replaced by Russ Ayres, who will serve in the position in the interim. Before his appointment, Ayres served as Equifax's vice president of IT.
The Wall Street Journal first reported the news of the executive changes.
Equifax announced last week it experienced a data breach that could potentially affect 143 million consumers in the U.S. The company said it first noticed suspicious traffic on July 29.
"Equifax's internal investigation of this incident is still ongoing and the company continues to work closely with the FBI in its investigation," the company said in a press release announcing the personnel changes.
Shares of Equifax have plummeted 35 percent since the disclosure of the breach, closing Friday at $92.98.