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
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread 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
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...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
One day before the deadly crash of a Lion Air plane on Oct. 29 last year, pilots flying that Boeing 737 Max 8 lost control of the aircraft — but they were saved by an off-duty colleague riding in the cockpit, Bloomberg reported on Wednesday.
That off-duty pilot correctly identified the problem the crew was facing and guided them to disable the flight control system in order to save the plane, according to the report, which cited two people familiar with the investigation in Indonesia.
Investigators said the flight control system malfunction that day was identical to what brought down the same aircraft the next day, according to the report. The Boeing plane, operated by a different crew, crashed into Indonesia's Java Sea, killing all 189 on board.
Lion Air did not immediately respond to CNBC's request for comment. A Lion Air spokesman told Bloomberg that the airline has submitted all data and information to Indonesia's National Transportation Safety Committee and cannot comment further due to the ongoing investigation.
Boeing declined to comment, while the Indonesian safety committee did not immediately reply to CNBC's request for comment.
Less than five months after the Lion Air crash, on March 10, a Boeing 737 Max 8 operated by Ethiopian Airlines crashed. None of the 157 on board survived.
The two fatal accidents involving the same plane model led to authorities around the world — including in the U.S., Europe, China and Indonesia — to ground Boeing 737 Max planes. The U.S. Department of Transportation said on Tuesday it has asked to audit the Federal Aviation Administration's approval of Boeing's 737 Max 8 planes.