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
Facebook CEO Mark Zuckerberg on Thursday said the company will establish an independent body to oversee user appeals of content removal, one day after a bombshell report that detailed how the company avoided and deflected blame in the public conversation around its handling of Russian interference and other misuses of its social network.
The move could help Facebook avoid accusations of bias as it removes material deemed problematic, like fake news and hate speech. Some conservative groups and lawmakers have accused Facebook and other social media outlets of censoring politically conservative points of view, a charge that Facebook denies.
"I have come to believe that we shouldn't be making so many important decisions on free expression and safety on our own," Zuckerberg said on a call Thursday.
The independent body will make its decisions in a transparent and binding manner, Zuckerberg said in a post. The company will begin piloting the new body in early 2019 with the hope of establishing it in full by the end of next year.
This body "will prevent the concentration of too much decision-making within our teams," Zuckerberg said in his post.
Facebook does not yet know how members of the body will be selected or how it will ensure the body's independence. "There's still a number of important questions to work through here," Zuckerberg said on the call.
Zuckerberg's comments come one day after a report by the New York Times that detailed how COO Sheryl Sandberg and other Facebook execs tried to downplay and spin bad news. Among other things, Facebook worked with Definers Public Affairs, a Washington-based public relations firm, which reportedly criticizing the business practices of rivals Apple and Google while downplaying concerns about Facebook's own problems.
Facebook ended its relationship with Definers Public Affairs on Wednesday night, the company announced on Thursday.
The company on Thursday also released its latest report outlining its effort to remove harmful content, such as fake accounts, hate speech and graphic violence, from its social network.