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
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Lloyd's of London, the insurance market that covers risks from oil rigs to soccer stars' legs, said on Friday that it had returned to profit in the first half, following a 2017 loss brought on by a record year for catastrophes.
The specialist insurance and reinsurance market reported a pretax profit of 600 million pounds ($795 million) in the first half, driven by improvements in pricing and growth in some profitable lines. Pretax profit in last year's first half was 1.2 billion pounds.
Lloyd's of London, that began life in Edward Lloyd's coffee house in 1688, focused on cutting costs and improving its underwriting performance after a series of natural catastrophes pushed the specialist insurance market into a 2 billion pound annual loss in 2017, its first in six years.
For the first six months of 2018, Lloyd's reported a combined ratio, a measure of underwriting profitability, of 95.5 percent from 96.9 percent a year earlier. A number below 100 percent indicates a profit.
The marketplace also reported an improvement in its underwriting result to 500 million pounds in the first half, from 400 million pounds a year earlier.
"We have also worked tirelessly to secure the Lloyd's market's access to the EU27 and our Lloyd's Brussels subsidiary will start writing business in the European Economic Area from 1 January 2019," Chief Executive, Inga Beale, said, referring to its plans to service European Union clients after Britain leaves the European Union.
The market's Brussels subsidiary is due to start operating by January 2019.