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
* FTSE 100 down 0.4%, FTSE 250 down 0.2%
* Trade worries, Italy shock hurt main index
* Poor UK GDP data drags mid-caps lower
* WPP climbs after Q2 update
* On The Beach hammered after warning on results (Adds news items, analyst comment, updates share prices)
Aug 9 (Reuters) - London's FTSE 100 slipped on Friday as a mix of worries over the U.S.-China trade dispute and political turmoil in Italy weighed on heavyweight banks and miners, while the mid-cap index fell after a surprise downturn in Britain's economy last quarter.
The FTSE 100 gave up 0.4% to end its worst week in three months with a 2% drop. The domestically-focused FTSE 250 handed back earlier gains to end 0.2% lower.
Miners were hit as President Donald Trump said he was not ready to make a trade deal with China, the world's largest metals consumer. Financial stocks dropped after Italy's ruling coalition collapsed and League party leader Matteo Salvini called for early elections.
However, losses were capped by a 7.5% surge in ad firm WPP after better-than-expected organic sales performance in the second quarter.
After posting gains in June and July, the FTSE 100 is on course for its biggest monthly fall since October, as headlines around escalating tensions between Washington and Beijing dominate news.
A 6% post-earnings jump in gambling firm William Hill and drugmaker Hikma was not enough to support mid-caps, which dipped as Britain's economy shrank for the first time since 2012 in the second quarter.
"Any way you cut it, a 0.2% contraction in the second quarter is pretty disastrous news," Spreadex analyst Connor Campbell said. "It is the economic manifestation of the country's Brexit anxieties."
On The Beach slumped more than 14%, its worst day in more than a year, after the online travel agent warned annual performance would miss its own forecasts.
AIM-listed Burford Capital, whose shares tanked 46% earlier this week after short-seller Muddy Waters criticized its accounts and took a short position in the fund, jumped almost 12% after its directors bought shares in the company. (Reporting by Shashwat Awasthi in Bengaluru; Editing by Anil D'Silva, Shounak Dasgupta, Kirsten Donovan)