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
Congress has unveiled legislation to dodge another government shutdown and — for now — calm the dispute over President Donald Trump's proposed border wall.
The measure would fund nine federal departments through Sept. 30, allowing 800,000 workers who faced the prospect losing more pay to breathe a sigh of relief. Congress aims to vote on the proposal Thursday to beat a midnight Friday deadline. The Senate is expected to vote on it Thursday afternoon, followed by the House Thursday night.
On Thursday afternoon, Trump said he was "reviewing the funding bill with [his] team at the White House." As he often does, the president c
As the spending deal developed this week, Trump grumbled about what he called inadequate funding for border barriers. But barring a sudden change, the president is expected sign the legislation into law and prevent the second partial shutdown since December. On Wednesday, Trump said he would look for "land mines" in the bill after its release then decide whether to approve it.
After a chaplain opened the Senate with a blessing Thursday morning, Sen. Chuck Grassley, R-Iowa, offered a plea of his own.
"Let's all pray that the president will have wisdom to sign the bill so the government doesn't shut down," he said.
The legislation clears $1.4 billion to build bollard fencing — not a concrete wall as Trump first proposed — on the border. It would put some limits on where the government can build structures.
Aiming to cast the plan as a victory and in part assuage the president, Republicans described the sum as a "down payment" on Trump's border wall. The funding proposed this week is only a chunk of the $5.7 billion the president demanded before the wall dispute caused a record 35-day shutdown during December and January.
Here are some of the sprawling bill's other provisions, according to the House and Senate Appropriations Committees:
The legislation is expected to pass both chambers of Congress. Republican and Democratic leaders have backed it.
"Here we are with a solid deal in front of us. ... Later today, I hope each of my colleagues will join me in moving forward with the agreement produced by this hard work, and the president will sign it into law," Senate Majority Leader Mitch McConnell, R-Ky., said on the Senate floor Thursday morning.
House Democratic Caucus Chairman Hakeem Jeffries, D-N.Y., said Wednesday he expects an "overwhelming majority" of House Democrats to support the plan.
On Wednesday night, the top appropriators in both chambers, Sen. Richard Shelby, R-Ala., and Rep. Nita Lowey, D-N.Y., urged lawmakers to pass the plan. Both also aimed to paint the proposal as a victory.
In a statement, Shelby said: "This legislation makes a significant down payment on the border wall and provides a bipartisan path forward" to funding the government for the rest of the fiscal year. In her statement, Lowey said: "This agreement denies funding for President Trump's border wall and includes several key measures to make our immigration system more humane."
On Wednesday, Trump appeared to accept the deal and claimed he will build the barrier even if Congress does not approve his desired funding. "A shutdown would be a terrible thing," the president said.
He has repeatedly contended he can redirect money from other agencies to fund the wall. He has also threatened to declare a national emergency to circumvent Congress to build the barrier.
"Regardless of Wall money, it is being built as we speak!" the president tweeted on Tuesday.