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
will fly this summer@ (Recasts with Southwest CEO saying Boeing made mistakes, adds CEO comments, company and industry background)
DENVER, May 15 (Reuters) - Boeing Co made mistakes that need to be addressed, Southwest Airlines Co Chief Executive Officer Gary Kelly told shareholders on Wednesday, but he added he is still hopeful the grounded 737 MAX jets will return to service this summer.
Southwest, the world's largest MAX operator, has cancelled 160 daily flights through Aug. 5 as its 34 MAX jets remain parked at a facility in a California desert, hitting revenue and costs and forcing the airline to put growth plans on hold.
"All of our growth is with the MAX," Kelly said in response to a shareholder question at the company's annual general meeting.
The MAX jets represent less than 5 percent of the low-cost carrier's fleet of about 750, but the airline has at least 249 more on order.
Boeing is under pressure to deliver a software fix and new training to convince global regulators that the narrowbody jetliner is safe to fly following two fatal crashes, one on Lion Air in Indonesia last October and another on Ethiopian Airlines in March.
The Boeing 737 MAX plane was grounded worldwide in mid-March after the two crashes which killed a combined 346 people.
Federal Aviation Administration acting chief Dan Elwell told lawmakers on Wednesday he expects Boeing to submit a software fix soon, and said he was concerned by the planemaker's lengthy delay in disclosing a software anomaly.
Southwest shareholders rejected a motion to split Kelly's dual role as CEO and chairman of the board at the annual meeting. (Reporting by Tracy Rucinski in Denver Editing by Matthew Lewis)