The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
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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
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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
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Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
* Ramaphosa's ANC won re-election last week
* New presidential term due to start this month
* Lifting growth rate, fixing Eskom are priorities (Adds detail, quotes)
JOHANNESBURG, May 15 (Reuters) - South African President Cyril Ramaphosa said on Wednesday that he would use a new five-year term to speed up economic reforms and fix ailing state power firm Eskom, a week after his African National Congress party was re-elected with a reduced majority.
Analysts have said reforms like cutting red tape and overhauling Eskom should be post-election priorities for the ANC, after a decade of slow growth and rising joblessness in Africa's most advanced economy.
"We are in an economy that has not been growing ... in an appreciable way. That troubles us," Ramaphosa told investors at a conference in Johannesburg, acknowledging that South Africa's regulatory framework had discouraged investment.
"We have to embark on the reforms, speed up," he added. "We are going to ensure that the certainty that investors want to see is there."
The ANC's 57.5% share of the vote was its worst result in a parliamentary election since it swept to power at the end of apartheid in 1994, but it was an improvement on a worse showing in local government elections in 2016.
Ramaphosa said he would give more details on his reform plans in a state of the nation address scheduled for next month.
Analysts say an early barometer of Ramaphosa's ability to push through change will be whether he manages to trim a cabinet comprising more than 30 ministers and deputies.
Ramaphosa said on Wednesday that he would announce a "reconfigured cabinet structure" soon but did not specify that numbers would be cut.
South Africa's economy grew by an estimated 0.8 percent in 2018 after recovering from recession. Growth is forecast at 1.5 percent this year.
One factor in hitting that target will be how the government manages a restructuring of power utility Eskom after severe power blackouts earlier in the year that dragged on growth.
The government has pledged a 23 billion rand ($1.6 billion) a year bailout for Eskom over the next three years. The utility had around 420 billion rand of debt last year.
"We have to address the issue of Eskom's debt, which is precisely what we are doing now with our Treasury, with our lenders, because (Eskom) is too big to fail," Ramaphosa said.
The president also reassured investors that the government's land reform policies would not result in "land grabs".
"There is no way we can invite foreign investors to come to our country -- we say come and invest -- and tomorrow we take your land away, that is not going to happen. That is not sensible," Ramaphosa said.
($1 = 14.2598 rand) (Reporting by Alexander Winning Writing by Olivia Kumwenda-Mtambo Editing by Catherine Evans)