Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread more
BHUBANESHWAR, India, May 3 (Reuters) - A powerful cyclone lashed coastal areas of eastern India on Friday with torrential rain and winds gusting up to 200 kilometres per hour (124 mph), but there were no early reports of casualties with a million people evacuated before it made landfall.
Having spent days building up power in the northern reaches of the Bay of Bengal, tropical Cyclone Fani finally struck the coast of Odisha state at around 8 am local time (0320 GMT), the state-run India Meteorological Department (IMD) said.
The state had evacuated more than a million people from the most vulnerable communities along the low-lying coast during the past 24 hours, Chief Minister Naveen Patnaik said on Twitter.
Close to 60 km (37 miles) inland, high winds uprooted trees and electricity poles in the state capital, Bhubaneshwar, where authorities had ordered the airport to stay closed. Schools and colleges in Odisha were also shut.
Hundreds of disaster management personnel were deployed in the state, and doctors and other medical staff were told to defer any leave until May 15.
Neighbouring West Bengal also decided to close an airport at Kolkata, its state capital.
India's cyclone season can last from April to December, when severe storms batter coastal cities and cause widespread deaths and damage to crops and property in both India and neighbouring Bangladesh.
Technological advancements have helped meteorologists to predict weather patterns well in advance, and authorities have become far better at preparing for the ferocious storms and reducing casualties.
A super-cyclone battered the coast of Odisha for 30 hours in 1999, killing 10,000 people. While in 2013, a mass evacuation of nearly a million people likely saved thousands of lives.
Cyclones typically quickly lose power as they move inland.
Prime Minister Narendra Modi has asked his officials to stay in touch with the states at risk from cyclone Fani. (Writing by Mayank Bhardwaj; Editing by Simon Cameron-Moore)