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
Officials told the Times that Beijing's goal is to use the information they've gathered to help prevent a full-blown trade war between the U.S. and China.
The Times reported that through China's espionage, the country has compiled a list of the president's most important confidantes, which reportedly includes Blackstone CEO Steve Schwarzman and casino magnate Steve Wynn. Beijing plans to deliver its views on trade to Trump through these trusted contacts.
One official told the Times that China wants Trump to meet with President Xi Jinping as often as possible, in hopes that a strong personal relationship between the leaders will end the trade tensions between their countries.
The Times reported that Trump has three iPhones: two that have had their capabilities limited by the National Security Agency, and one that has not been altered at all. The newspaper reported that despite warnings from aides of the security vulnerabilities, the president refuses to give up his iPhones.
Apple declined to comment to the Times on the president's iPhones.