Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread 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
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
The European Union stands ready to work "day and night" to find an agreement with the U.K. over Brexit, the President of the European Commission said Wednesday.
In its usual annual address to the European Parliament, Juncker, who leads the EU's executive body, also said that London needs to understand that it cannot keep all benefits of being a member of the EU and being outside of the bloc.
"We owe it to our citizens and our businesses to ensure the United Kingdom's withdrawal is orderly and that there is stability afterwards. It will not be the (European) Commission that will stand in the way of this, I can assure you of that," Juncker told lawmakers.
"But we also ask the British government to understand that someone who leaves the Union cannot be in the same privileged position as a member State," Juncker said, in what was his last annual speech to the Parliament, given that his mandate ends next year
Brexit negotiations are heading towards a critical point with the U.K. due to officially leave the bloc next March. Negotiators needs to agree on the terms of the future relationship in the coming months to ensure that the final deal is approved by all parliaments on time for the exit.
But different opinions, in particular when it comes to the Irish border, are preventing the conclusion of negotiations. This has caused frustration not only among negotiators, but also among businesses and citizens, who are unsure about their future.
Juncker said that it is not the Commission's fault that there is no solution for the Irish border yet.
"We want to find a creative solution that prevents a hard border in Northern Ireland…It is not the European Union, it is Brexit that risks making the border more visible in Northern Ireland," Juncker said.
Brexit supporters from within the U.K.'s Conservative Party are due to present Wednesday a proposal that aims to fix the Irish issue.
Meanwhile, several conservative lawmakers have also met to discuss how and when to force Prime Minister Theresa May to resign from the job.
Whatever happens in British politics, Juncker said that after March the U.K. will not become just any third country to the bloc.
"The United Kingdom will always be a very close neighbour and partner, in political, economic and security terms," he said.