President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
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
Nearly two dozen major companies in technology and other industries are planning to launch a coalition to demand legislation that would allow young, illegal immigrants a path to permanent residency, according to documents seen by Reuters.
The Coalition for the American Dream intends to ask Congress to pass bipartisan legislation this year that would allow these immigrants, often referred to as "Dreamers," to continue working in the United States, the documents said.
Intel, Uber and Univision Communications confirmed their membership, but the other companies did not immediately comment. It is possible that plans to launch the group could change.
"We're pleased to join with other organizations in urging Congress to pass legislation to protect Dreamers," Intel spokesman Will Moss said in a statement.
Matthew Wing, a spokesman for Uber, said, "Uber joined the Coalition for the American Dream because we stand with the Dreamers. We've also held town halls, provided legal support and launched an online Dreamer Resource Center for any of our drivers."
The push for this legislation comes after President Donald Trump's September decision to allow the Deferred Action for Childhood Arrivals (DACA) program to expire in March. That program, established by former President Barack Obama in 2012, allows approximately 900,000 illegal immigrants to obtain work permits.
Some 800 companies signed a letter to Congressional leaders after Trump's decision, calling for legislation protecting Dreamers. That effort was spearheaded by a pro-immigration reform group Facebook Chief Executive Mark Zuckerberg co-founded in 2013 called FWD.us.
Many of the companies that endorsed that letter are named as joining the new coalition. The group has planned to take out ads in news publications, though this is subject to change, according to an email last week seen by Reuters.
"Dreamers are part of our society, defend our country, and support our economy," said one of the coalition documents, which is being shared by the group to recruit additional companies.
A signup form for the group said 72 percent of the top 25 Fortune 500 companies employ DACA recipients.
Trump campaigned for president on a pledge to toughen immigration policies and build a wall along the U.S. border with Mexico. He has left the fate of DACA up to Congress.
Action may come in December, when Congress must pass a spending bill to keep the U.S. government open. Democrats have considered insisting on help for the Dreamers as their price for providing votes that may be required to prevent a government shutdown.
"No politician wants to go home for the holidays and read stories about how this is going to be DACA recipients' last holidays in the U.S.," said Todd Schulte, president of FWD.us, in an interview earlier on Thursday. He declined to comment on the new coalition.
"You will see this continue to escalate until the end of the year," he said.