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
CALGARY, Alberta, April 30 (Reuters) - United Conservative Party leader Jason Kenney was sworn in as the 18th premier of Canada's main crude-producing province Alberta on Tuesday, and named a cabinet he says will champion the beleaguered energy sector.
Kenney, a former conservative federal cabinet minister, won the election with a landslide victory against Rachel Notley's New Democratic Party after promising to reverse years of economic stagnation and decline.
"We will focus relentlessly on creating good jobs, growing the economy and building pipelines west, east and south to get our products to market and secure full value for our resources and future prosperity," Kenney said at the swearing-in ceremony in the provincial capital Edmonton.
Alberta is home to Canada's vast oil sands but has struggled with a lackluster economy since the 2014-15 global oil price crash, as well as steep discounts on its crude because of congestion on oil export pipelines.
Key cabinet appointments include former lawyer Doug Schweitzer as Solicitor General, Travis Toews as Finance Minister and Sonya Savage, who used to work for pipeline company Enbridge Inc as Energy Minister.
Kenney has pledged to challenge Canadian Prime Minister Justin Trudeau and other politicians he says take Alberta's oil and gas industry for granted.
The Alberta legislature convenes for the first time in May and Kenney has said its first order of business will be scrapping Alberta's carbon tax, a move that promises to put the province on a collision course with Ottawa.
Last year Notley's government imposed temporary oil production cuts to ease a buildup of crude in Alberta storage tanks and boost prices, and also signed C$4 billion contracts to start shipping crude by rail.
Kenney is expected to keep curtailments in place but has vowed to cancel the rail contracts, and the oil industry is watching closely to for his government's next move. (Reporting by Nia Williams)