American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
OTTAWA, Aug 15 (Reuters) - Canadian Prime Minister Justin Trudeau on Thursday won the backing of a key ally in the aftermath of damning ethics report that could hurt the ruling Liberal Party's chances of reelection in October.
Independent ethics commissioner Mario Dion on Wednesday said Trudeau and his team had attempted last year to undermine a decision by federal prosecutors that construction company SNC-Lavalin Group Inc should face a corruption trial.
Foreign Minister Chrystia Freeland, one of the leading members of the government, said Trudeau had shown "a real act of leadership" by accepting the findings of the report.
"In order to be clear with Canadians, let me just reiterate that I feel ... very privileged to be a member of Prime Minister Trudeau's cabinet. He has my full confidence," she told reporters in the Atlantic province of Nova Scotia.
The scandal, which erupted in early February, pushed the Liberals down into second place for several months. Recent opinion polls show the party edging back in front of their Conservative rivals as the affair faded from the headlines.
Trudeau refused to say sorry on Wednesday for his efforts to spare SNC-Lavalin a trial, citing the potential for layoffs, and maintained his defiant tone on Thursday.
"I won't apologize for being there to defend Canadian jobs, it's my job as prime minister to defend those jobs," he told reporters in Fredericton, New Brunswick. SNC-Lavalin had sought to avoid prosecution by paying a fine. (Reporting by Kelsey Johnson; Writing by David Ljunggren; Editing by Sandra Maler)