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
Japanese HR services provider Recruit Holdings said on Wednesday it has agreed to buy popular California-based job site operator Glassdoor for $1.2 billion to tap into its database of company reviews and salary data.
Privately held Glassdoor, founded in 2007, last raised funds in 2016, valuing the company at $1 billion. It counts billionaire Chase Coleman's hedge fund Tiger Global Management, Google Capital, and T. Rowe Price among its investors.
Buying Glassdoor will expand Recruit's reach in the United States, a market it tapped through its acquisition of Connecticut-based job search site Indeed in 2012.
"Glassdoor's database of employer information and the job search capabilities of Indeed complement each other well," Recruit's chief operating officer, Hisayuki Idekoba, said in a statement.
Glassdoor will continue to be led by its current chief executive and co-founder, Robert Hohman, Recruit said.
Recruit will fund the deal with cash on hand and expects it to close during the July-September quarter, subject to regulatory approvals.
Earlier this year, Bloomberg reported, citing people familiar with the matter that Glassdoor was interviewing banks to advise on an IPO expected in the second half of the year.