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
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
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
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
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
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
More than half of Venezuela's 23 states lost power on Monday, according to Reuters witnesses and reports on social media, a blackout the government blamed on an "electromagnetic attack."
It was the first blackout to include the capital, Caracas, since March, when the government blamed the opposition and United States for a series of power outages that left millions of people without running water and telecommunications.
The blackouts exacerbated an economic crisis that has halved the size of the economy.
Venezuelan Information Minister Jorge Rodriguez said the outage on Monday was caused by an "electromagnetic attack," without providing evidence. He added that authorities were in the process of re-establishing service.
Power returned for about 10 minutes to parts of southeastern Bolivar state, site of the Guri hydroelectric dam - the source of most of Venezuela's generation - but went out again, according to a Reuters witness. Electricity was still out throughout Caracas.
"It terrifies me to think we are facing a national blackout again," said Maria Luisa Rivero, a 45-year-old business owner from the city of Valencia, in the central state of Carabobo.
"The first thing I did was run to freeze my food so that it does not go bad like it did like the last time in March. It costs a lot to buy food just to lose it," she said.
The oil-rich country's hyperinflationary economic crisis has led to widespread shortages in food and medicine, prompting over 4 million Venezuelans to leave the country.
Venezuela's national power grid has fallen into disrepair after years of inadequate investment and maintenance, according to the opposition and power experts.
"These blackouts are catastrophic," said 51-year-old janitor Bernardina Guerra, who lives in Caracas. "I live in the eastern part of the city and there the lights go out every day. Each day things are worse."