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
There appears to be a broken logistics process in Puerto Rico, serial entrepreneur Marcus Lemonis told CNBC on Thursday.
Two weeks after the island was hit by Hurricane Maria, many of its 3.4 million residents are still struggling without basic necessities.
Water and electricity are up and running and traffic is "not bad," he told "Power Lunch. "
"As you get two, three miles outside — and let me be clear, the roads and the bridges in most cases are working — there are people that are seeing no signs of any relief. No water, no food nothing. At the dock, piles of food, piles of water. In the small towns, nothing," he added.
He's not sure the government has its arms around the logistics and said it isn't clear who is in charge.
"We know there's not a lack of support or funding or supplies but in terms of getting it throughout the island, it's not happening," he said.
The Puerto Rico supply chain suffered serious backlog after the hurricane hit, but started to show some signs of improvement last weekend. Many cargo, storage yard and distribution companies kept their doors open in order to try and alleviate some of the backlog of emergency supplies.
One big problem for Puerto Rico is its bonds, which plunged Wednesday after President Donald Trump said the U.S. territory's $72 billion debt would have to be wiped out. On Wednesday, Gov. Ricardo Rossello urged bondholders to help Puerto Rico secure money from Congress to rebuild.
Another problem is the "mass exodus" of people leaving the island, Lemonis said.
They are "saying candidly, 'I don't know if I'm going to come back,'" he said.
Rossello is concerned about those departures, but told reporters, "We can't do anything about that in the short term."
He warned the exodus could continue long term unless Puerto Rico gets a federal aid package commensurate with the damage that can spur recovery.
— CNBC's Contessa Brewer and Reuters contributed to this report.