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
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
LAGOS, April 8 (Reuters) - Nigeria plans to set up an aircraft leasing company to help domestic and African carriers obtain new planes and is seeking private partners for the venture, the government said on Monday.
Most airlines in Nigeria want to expand their fleets, but high financing costs and currency risks have hampered growth. Nigerian airlines' revenues are in naira, while most of their costs are in U.S. dollars.
The government said in a statement the new company would initially lease aircraft from international lessors and sub-lease them to domestic operators.
It wants the partner to be a consortium of international lessors, financial institutions and investors, and said bidders had until May 20 to show interest. The government will own a minority stake.
On Friday, Nigeria's Medview Airline said it had been in talks with some financial institutions to raise capital and that a lack of infrastructure as well as dollar shortages were complicating its operating environment.
The company added its short-term growth prospects were limited after posting losses.
The government has said it plans to hand over airports to private managers to attract investment and overhaul aviation infrastructure that has suffered decades of neglect and under-investment. It also plans to set up an aircraft maintenance facility in Lagos or Abuja with private operators.
The government had been considering launching a national carrier, but suspended that project in September, without giving a reason. (Reporting by Chijioke Ohuocha; Editing by Mark Potter)