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
Singapore Airlines on Thursday reported a 27 percent fall in third-quarter net profit but beat expectations as revenue growth helped offset higher fuel costs.
The airline is in the second year of a three-year transformation plan designed to cut costs and boost revenue to better compete against Chinese, Middle Eastern and low-cost rivals.
It said forward bookings were tracking in line with its capacity growth but warned uncertainties surrounding U.S.-China trade tariffs and Brexit were clouding the overall demand outlook for passengers and cargo.
Singapore Airlines made S$284 million ($209 million) in the three months ended Dec. 31, down from S$389 million a year-earlier, which was restated to reflect accounting changes.
That beat the S$240.2 million expected by three analysts in estimates obtained by Reuters and Refinitiv.
Group revenues rose 7 percent to S$4.34 billion in the third quarter, despite flat average ticket prices as the airline filled a higher percentage of seats and increased capacity by 5 percent.
During the quarter, the airline began a significant expansion of capacity to the United States, resuming non-stop flights to New York and Los Angeles after a five-year hiatus.
Jet fuel prices fell sharply during the December quarter but the airline said it paid 22.2 percent more on average than a year earlier. The carrier has hedged 80 percent of its fuel for the fourth quarter at an average price of $74 a barrel.
Singapore Airlines plans to merge regional arm SilkAir into its main brand after it begins updating Boeing 737 MAX business class cabins with flat-bed seats, which it said on Monday would start in May 2020.
The airline has 19 A380s, making it the second biggest operator behind Emirates. After Airbus announced on Thursday that it would stop A380 production in 2021, Singapore Airlines said that there would be no changes to its A380 operations and the aircraft remained an important part of its fleet.