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
Major European bourses closed the first day of trading in October largely in the green, though Spain's IBEX was down 1.21 percent on the back of growing political concerns following Sunday's unofficial independence referendum in the region of Catalonia.
The pan-European Stoxx 600 closed up 0.37 percent with most sectors in positive territory.
The Catalan independence referendum has created a tumult in the southern European country. The regional government said that 90 percent of people voted in favor of independence, while the national authorities said the referendum was illegal. Catalan officials said that more than 800 people were injured during clashes with the police, which tried to prevent people from voting.
More broadly, European stocks kept their positive momentum after fresh data releases. Manufacturers in the euro zone reported their most productive month in September since 2011. IHS Markit final manufacturing purchasing managers' index hit 58.1 last month, having reached 57.4 in August.
"The euro zone manufacturing sector is in fine form, and likely continued to provide firm support for GDP growth in the third quarter," Claus Vistesen, chief euro zone economist at Pantheon Macroeconomics said in a statement.
Furthermore, unemployment data in the euro zone remained at their lowest level seen since February 2009. In August, there was 9.1 percent of unemployed people in the region, down from 9.9 percent a year ago.
Travel and leisure stocks were among the best performers Monday. This followed news that the British airline Monarch had ceased flights amid losses. One of the beneficiaries of this move, as well as competitor Ryanair's recent flight cancellations, EasyJet closed at the top of the Stoxx 600, up 5.18 percent.
Ubi Banca also closed near the top of the Stoxx 600, up 4.33 percent, following a rating upgrade from Societe Generale.
U.K. housebuilders topped the European benchmark Monday after Prime Minister Theresa May promised Sunday a £10 billion ($13.34 billion) extension to the government's Help to Buy scheme. Barratt developments rose 4.23 percent.
The French penmaker Bic dropped nearly 10 percent after cutting its sales forecast for this year.