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
on Monday said it expects revenue to fall in the second quarter after a decline in bookings following a deadly engine failure aboard one of its flights in April.
Southwest, which carries more travelers within the U.S. than any other airline, forecast a 3 percent drop compared with a year ago, in the revenue it generates per each seat it flies a mile, a key industry metric. The airline had warned of a 1 percent to 3 percent drop in operating revenue per available seat mile in April following the accident after it pulled marketing.
Southwest, a low-cost airline with peppy advertising campaigns, changed its website and tone after the April 17 accident. A fan blade broke off one of Southwest's Boeing 737's engines when a New York to Dallas flight was flying above 30,000 feet. Debris scattered, rupturing a window and partially sucking one passenger out of the opening. The plane made an emergency landing in Philadelphia. The passenger died.
Southwest also warned that it is trimming its growth plans this year because of a surge in fuel prices, increasing capacity, or the number of seats it offers, in the low 4 percent range from a previous plan of around 5 percent.
Southwest's shares gained 1.4 percent Monday, but they're still down more than 21 percent so far this year. The NYSE Arca Airline index is down more than 8 percent in 2018.