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
Turkish officials are currently trying to contain the country's worst currency crisis since 2001, with the lira tumbling to a low of 7.24 against the dollar at the start of the week. The lira has since pared some of its losses, trading at around 5.7890 against the dollar on Thursday afternoon.
The lira has lost more than 40 percent of its value against the dollar this year, sparking fears of contagion and a sell-off in emerging markets — particularly if Turkish officials move to introduce capital controls in an effort to stem its latest currency crisis.
The dramatic fall has been fueled, in part, by President Tayyip Erdogan's relentless calls for lower interest rates at a time when domestic inflation continues to surge. An ongoing diplomatic dispute between Turkey and the U.S. has also intensified Ankara's economic woes.
"Full-blown capital controls that everybody is worried about I think have a pretty limited chance of success, partly because they have a big external funding requirement … So I don't think capital controls here are the solution," Kamakshya Trivedi, co-head of emerging markets and foreign exchange research at Goldman Sachs, told CNBC's "Squawk Box Europe" on Thursday.
Instead, Trivedi suggested the Turkish government should prioritize further monetary policy tightening as well as delivering a comprehensive statement on fiscal policy to try to restore the country's economic credibility.
Turkish Finance Minister Berat Albayrak, Erdogan's son-in-law, is scheduled to give a conference call to more than 1,000 investors on Thursday which many hope will calm market jitters.
"I think (Kamakshya) is right that capital controls are not the answer, the risk is that the administration thinks it is the answer," Jim McCaughan, chief executive at London-based Principal Global Investors, told CNBC on Thursday.
"The risk is that if they go down that route, that is something that effects the broader emerging markets asset class from a reputational standpoint. So I think those are the channels of contagion one needs to worry about rather than I think the fundamental ones — which are small," Goldman Sachs' Trivedi added.
The week's turmoil has jolted assets globally, pulling down equities across developed market indexes and hitting the MSCI emerging markets index particularly hard.
— CNBC's Natasha Turak contributed to this report.