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
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
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
May 15 (Reuters) - World's biggest catering firm Compass Group Plc on Wednesday reported a 6.6% rise in organic revenue for the first half of the year, boosted by new UK defence contract wins and strong performance in its North America business.
Shares of the FTSE 100-listed company were indicated to open 2% higher, according to traders.
Compass, which provides meals for office workers, armed forces and school children in more than 50 countries, increased its outlook for full-year organic revenue growth.
"Following the very strong first half performance we now increase our organic revenue growth guidance for the full year and expect to deliver organic revenue growth and margin progression similar to 2018", the company said.
Compass previously said it expects full-year organic revenue growth to be slightly above the mid-point of its 4% to 6% forecast range.
First-half underlying operating profit rose 5.8% at constant currency to 951 million pounds ($1.23 billion)
($1 = 0.7748 pounds) (Reporting by Ismail Shakil and Karina Dsouza in Bengaluru; Editing by Shounak Dasgupta)