More than 400 Chinese products will be temporarily exempted from tariffs that President Donald Trump's administration imposed last year.China Economyread more
Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new smartphones officially hit...Technologyread more
As tensions might drag over the next decade, investors have to learn to operate under prolonged uncertainty, said Warburg Pincus' Charles Kaye.World Economyread more
U.S. Vice President Mike Pence on Thursday struck an unyielding tone on America's position in its trade war with China.Delivering Alpharead more
Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread more
Stocks in Asia Pacific edged up on Friday as investors digested a series of developments overnight on the U.S.-China trade front that dampened hopes of a deal being reached...Asia Marketsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
The pan-European Stoxx 600 closed provisionally up around 0.1%, with most sectors and major bourses in positive territory.
Travel and leisure stocks were among the outperformers, rising more than 1% following the EU's offer to push back the U.K.'s departure from the bloc until Oct. 31. EasyJet, Tui and IAG were the top performers in the sector, while easyJet also led the Stoxx 600, rising almost 9%.
Looking at individual stocks, luxury brand LVMH surged after the company posted robust first-quarter sales Wednesday evening, with revenues up more than 16%. Shares of the Paris-listed firm advanced more than 4% on the news.
At the other end of the scale, shares of Italian manufacturer Prysmian tumbled 8%. It comes after Reuters reported the company would review its 2018 earnings amid long-term technical difficulties and damage claims.
Still, gains were capped by lingering worries about slowing global economic growth and trade protectionism. On Wall Street, stocks were marginally higher in morning trade.
The European Central Bank (ECB) kept its loose monetary policy stance and warned that threats to world economic growth remained. The central bank has already delayed its first post-crisis interest rate hike and President Mario Draghi raised the prospect of further supportive policy measures if a slowdown in the euro zone economy persisted.
Meanwhile, minutes from the latest meeting of policymakers at the Federal Reserve showed they had agreed to be patient about any changes to interest rate policy.