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
Royal Bank of Scotland has slightly beaten expectations by reporting a net income of £1.62 billion ($2.07 billion) for 2018 on Friday.
Analysts were expecting a net income of £1.58 billion for the full-year, according to Reuters' Eikon.
In terms of quarterly performance, net income stood at £286 million versus £448 million in the third quarter.
Here are some other highlights for the full-year:
The U.K. lender has been at the center of a long legal saga with the DOJ over its selling of toxic mortgages in the U.S. in the run-up to the 2008 financial crisis. The lengthy settlement agreement process had prevented the bank from providing dividends to its shareholders. In the summer last year, the bank proposed its first dividend in 10 years.
RBS' chief executive Ross McEwan said in a statement: "2018 was a year of strong progress on our strategy - we settled our remaining major legacy issues, paid our first dividend in ten years and delivered another full year bottom line profit."
However, there are significant concerns over Brexit and the future of the U.K. economy.
The bank warned of ongoing economic and political uncertainty and highly competitive mortgage market, along with uncertainty surrounding U.K.'s exit from the European Union.
"The U.K. economy faces a heightened level of uncertainty related to the ongoing Brexit negotiations," RBS' McEwan said in the statement Friday.
In the third-quarter of 2018, the bank said it had set aside an impairment provision of 100 million pounds to deal with economic uncertainties, including from the fallout of Brexit.
RBS also said on Friday that it would look to reduce its operating costs by about £300 million in 2019.