U.S. President Donald Trump and Chinese President Xi Jinping at the G20 Summit in Hamburg, Germany on July 8, 2017. Saul Loeb | AFP | Getty ImagesAn ambitious “phase two” trade deal between the United States and China is looking less likely as the two countries struggle to strike a preliminary “phase one” agreement, according to U.S. and Beijing officials, lawmakers and trade experts. We can wait,” one Chinese official told Reuters. “As soon as we finish phase one we’re going to start negotiatin

Singapore former opposition politician Brad Bowyer on Monday corrected a Facebook post questioning the independence of state investment funds following a government request, in the first use of a new “fake news” law. Bowyer said he had placed a correction notice with a link to the government statement above his Facebook post following a request to do so under the Protection from Online Falsehoods and Manipulation Act (POFMA). Bowyer, a naturalized Singaporean born in Britain, has been a member o

Feng Xingya, President and Executive Director of Guangzhou Automobile Group, speaks at CNBC East Tech West on November 18, 2019 in Nansha, Guangzhou, China. Zhong Zhi | Getty Images News | Getty ImagesNANSHA, China — As trade tensions between China and the U.S. ramp up, many Chinese companies — once with ambitious plans to expand into the U.S. market — have been quietly scaling back. On May 10, the U.S. boosted tariffs from 10% to 25% on $200 billion worth of Chinese goods, including vehicle and

Vincent Van Gogh painted “Café Terrace at Night” in Arles, France. The famous cafe depicted in Van Gogh’s “Café Terrace at Night.” They include “Café Terrace at Night” and “Starry Night over the Rhône” as well as his Langlois Bridge series, Bedroom in Arles series and the second of his Sunflower paintings series. One of several oil paintings in Van Gogh’s Langlois Bridge at Arles series. Roman antiquities, medieval monumentsTwo thousand years before Van Gogh’s time, Provence was part of the Roma

ReutersChina’s slowing growth rate should not be a worry but an unresolved trade war between the world’s two largest economies should be, Paul Gruenwald, chief economist at S&P Global Ratings, told CNBC on Monday. In fact, the strained trade relationship is putting a greater dent on global growth than the direct impacts of tariffs he argued. “All the uncertainty around U.S.-China (trade relationship) is putting a damper on investments. Uncertainty looms over the trade warAs the trade war intensi

Why are mainland Chinese buying more Singapore apartments than in recent years, given that the 20 per cent foreign buyer taxes? Chmiel said that the boost in Singapore is from “mainland Chinese money that might otherwise have been channeled to Hong Kong, or Hong Kong money looking for offshore diversification.” Chinese investors have often been blamed for driving up housing prices in Hong Kong. Despite those steep fees, Chinese investors are still pouring money into what they perceive to be a sa

Local residents celebrate as Junius Ho Kwan-yiu loses in District Council Elections, outside a polling station on November 25, 2019 in Hong Kong. Hong Kong’s democrats scored a landslide majority in district council elections, which saw a record turnout after six months of anti-government protests, increasing pressure on the Chinese-ruled city’s leader on Monday to listen to calls for democracy. Hong Kong’s pro-Beijing chief executive, Carrie Lam, said in a statement the government respected the

LVMH has reached a deal to buy Tiffany & Co. at $135 a share in cash, or $16.2 billion, in a move that will give the company more access to U.S. luxury consumers. It said it would also “transform LVMH’s Watches & Jewelry division and complement LVMH’s 75 distinguished Houses.” LVMH has built up a large portfolio of luxury brands across different retail sectors, from fashion to perfume. Some of its well-known brands include Moët & Chandon, Dom Perignon, Givenchy and Louis Vuitton. The boards of b

European markets traded higher on Monday morning, with investors hopeful of progress in the U.S.-China trade dispute. However, he also emphasized that Washington would not turn a blind eye to the Hong Kong protests. In Asia, shares rose as traders monitored the outcome of the Hong Kong vote. In corporate news, France’s LVMH confirmed that it has reached a deal to buy U.S. luxury jeweler Tiffany & Co. for $16.2 billion. LVMH shares rose by 1.4% in early trade, while Tiffany’s German-listed shares

Shares in Asia were higher on Monday, as investors reacted to Hong Kong’s district council elections amid months of civil unrest in the city. Hong Kong’s Hang Seng index led gains among major markets regionally as it jumped 1.5% to close at 26,993.04, with shares of life insurer AIA surging 3.62%. The moves came after pro-democracy candidates surged to a landslide victory following a record voter turnout, Reuters reported. One analyst said the development was a “stunning victory” for pro-democra

Tim Berners-Lee, the creator of the World Wide Web, is officially launching his plan to “fix” the internet. The World Wide Web Foundation, a non-profit campaign group set up by Berners-Lee, has secured the backing of tech giants Facebook, Google and Microsoft for the scheme, dubbed the “contract for the web.” The British computer scientist first outlined his vision to overhaul organizations’ approach to the internet at the Web Summit event last year. The contract calls on companies to respect co

“Minecraft” with Nvidia’s ray tracing turned on. “Minecraft” with Nvidia’s ray tracing turned on. “Minecraft” with Nvidia’s ray tracing turned on. Mojang | NvidiaAnd here’s a comparison of what it looks like when ray tracing is applied:”Minecraft” with Nvidia’s ray tracing turned on. “Minecraft” with Nvidia’s ray tracing graphics applied.

WASHINGTON — House Intelligence Committee Chairman Adam Schiff said Sunday that the two weeks of public hearings produced “overwhelming evidence” that President Donald Trump conditioned official acts for favors from Ukraine that would benefit his re-election bid, arguing that it’s “urgent” for the House to move forward with its impeachment inquiry. Still, Schiff said he felt confident that the five days of open hearings with 12 witnesses produced clear evidence against the president even without

Singer Taylor Swift performs on the stage during the gala of 2019 Alibaba 11.11 Global Shopping Festival at Mercedes-Benz Arena on November 10, 2019 in Shanghai, China. Taylor Swift took the stage on Sunday to sing hits from her catalog of music in front of a screaming crowd at the American Music Awards. “It’s rare to see all those talents in one person, but that defines Taylor Swift,” King said of Swift during the ceremony. After completing her performance, Swift praised King’s influence on her

A top Wall Street economist is lowering his recession forecast. But Barclays’ Michael Gapen warns it’s too early to give the U.S. economy the all-clear. “The bad news in that report is the services side of the economy seems a little weaker than expected.” “What the market and economy needs to know is we’ve hit peak tariffs and they’re likely to come lower,” said Gapen. “I still think on balance the comments around U.S. trade discussions are positive,” Gapen said.

Here are some issues Bloomberg cares about and the industries they would affect. Bloomberg’s Everytown for Gun Safety, which he helped found in 2014, has become a powerful voice in the battle over gun legislation. The group’s focus on retailers expands beyond major chains to unlicensed sellers, which can allow for loopholes to background checks. Everytown is in favor of a bipartisan proposal in support of mandatory background checks for gun purchases, H.R. J.P. Morgan Chase, Bank of America and

Secretary of Defense Mark Esper has asked for the resignation of Navy Secretary Richard Spencer amid controversy over the handling of a case involving a Navy SEAL convicted of illegally posing for pictures with the corpse of an ISIS fighter. Spencer had reportedly threatened to quit his post after President Donald Trump intervened in the case of Navy SEAL Edward Gallagher. The Navy Secretary had denied over the weekend that he had threatened to resign. Trump said in a Twitter post Sunday that Sp

The Nunes team’s scrapped trip to Ukraine has not been previously reported, nor have the meetings that Bondy said his client arranged in place of the overseas trip. The meetings took place in late March, and Derek Harvey, a senior investigator for Nunes, represented the congressman, according to Bondy. CNN first reported Friday that Parnas wanted to testify before the House Intelligence Committee about the Vienna trip. The latest allegations about the planned trip to Ukraine this spring, however

That’s according to a new study on anticipated Thanksgiving weekend wait times at the nation’s top 25 airports for international arrivals from Airside Mobile, developer of the Mobile Passport smartphone app. The projected wait times apply to U.S. citizens only. “On the reverse, Orlando is a relatively low volume airport where the wait times are very painful,” said Merfert. Users of Mobile Passport or programs like Global Entry wait one-fifth as long as the hoi polloi on arrival, according to Air

At the time of her diagnosis, Smith was working in a full-time contract position in project management for nine months. Cancer patients are 2.5 times more likely to file for bankruptcy after they are diagnosed, according to the Fred Hutchinson Cancer Research Center, based in Seattle. Pro bono helpSmith, fortunately, had access to something that many other cancer patients do not: the advice of a certified financial planner. That includes Garrett Sloan, a Seattle-based financial consultant and vi