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
Turkey could end its lira-battering crisis with the United States "instantly" by freeing a detained American pastor, said John Bolton, President Donald Trump's national security advisor, adding that a Qatari cash infusion would not help Ankara's economy.
The Turkish currency has been in freefall since Washington ordered tariffs in retaliation for the detention of Pastor Andrew Brunson on charges of complicity in a failed 2016 coup.
Brunson denies wrongdoing, and Ankara has in the past suggested his fate could be linked to that of a U.S.-based Turkish cleric whom President Tayyip Erdogan accuses of orchestrating the attempted putsch.
"Look, the Turkish government made a big mistake in not releasing Pastor Brunson," Bolton told Reuters in an interview during a visit to Israel.
"Every day that goes by that mistake continues, this crisis could be over instantly if they did the right thing as a North Atlantic Treaty Organization ally, part of the West, and release pastor Brunson without condition. "
Asked if the United States questioned Turkey's membership in NATO given the stand-off, Bolton said: "That's not an issue at the moment. We're focused on Pastor Brunson and the other Americans that the Turkish government's holding illegitimately and we expect that to get resolved."
Qatar's Emir this month approved a package of economic projects, including a $15 billion pledge of support, for Turkey, giving a boost to a that has lost some 37 percent of its value this year.
"Well, I think what they pledged is utterly insufficient to have an impact on Turkey's economy. It's certainly not helpful but we'll actually see what develops from their pledge," he said.