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) - Louis Vuitton has won the dismissal of a lawsuit by a California toy company that accused the French luxury goods maker of trying to interfere with its sales of a poop-shaped toy purse for children, Pooey Puitton.
U.S. District Judge John Walter in Los Angeles said on Tuesday that MGA Entertainment Inc's case did not belong in federal court because the company did not show there was an "actual controversy" between the parties.
Walter rejected MGA's claim that Louis Vuitton's recent filing in France of a trademark infringement case illustrated the French company's "history of not respecting parody rights," and justified letting the U.S. lawsuit proceed.
"The court need look only to the fact that Louis Vuitton has not sued MGA based on its trademark rights in the U.S.," the judge wrote.
Lawyers for MGA did not immediately respond on Wednesday to requests for comment. The Van Nuys, California-based company is also known for its L.O.L. Surprise and Bratz dolls.
MGA had contended that no reasonable consumers would mistake Pooey Puitton, which retailed for $59.99, for costlier handbags from Louis Vuitton, a unit of LVMH Moet Hennessy Louis Vuitton SE. (Reporting by Jonathan Stempel in New York; Editing by Lisa Shumaker)