Today's Top News Story

Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation

WASHINGTON/BEIJING (Reuters) - U.S. President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade war escalation by the world's two largest economies. Read More

 

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Psychologist approved Jeffrey's Epstein's removal from suicide watch

WASHINGTON (Reuters) - A psychologist at the federal detention center in New York City where financier Jeffrey Epstein was jailed on sex-trafficking charges had approved his removal from suicide watch before he killed himself, the U.S. Justice Department said on Friday. More »

 

North Korea's latest short-range missile launch complicates U.S. attempts for talks

SEOUL (Reuters) - North Korea fired what appeared to be two short-range ballistic missiles into the sea off its east coast on Saturday, the South Korean military said, the latest in a series of launches in recent weeks amid stalled denuclearisation talks. More »

 

Hong Kong airport operating normally despite planned 'stress test' protest

HONG KONG (Reuters) - Hong Kong's airport and the roads and railways leading to it were operating normally early on Saturday despite plans by protesters to implement a "stress test" of transport links to the aviation hub early in the day. More »

 

Fed's commitment to act upstaged by Trump's furor

JACKSON HOLE, Wyo. (Reuters) - Federal Reserve Chair Jerome Powell said the central bank would "act as appropriate" to keep the U.S. economy healthy in a deteriorating global economy, but stopped short of committing to rapid-fire rate cuts and drew fire from President Donald Trump. More »

 

As EU threatens trade retaliation, Brazil sends army to fight Amazon fires

BRASILIA/BRUSSELS (Reuters) - European leaders on Friday threatened to tear up a trade deal with South America, reflecting growing international anger at Brazil as a record number of fires in the Amazon rainforest intensified an unfolding environmental crisis. More »

 

CDC flags one death and nearly 200 cases of lung illnesses in U.S, possibly tied to vaping

(Reuters) - The U.S. Centers for Disease Control and Prevention said on Friday it had identified 193 potential cases of severe lung illness tied to vaping in 22 states as of Aug. 22, including one adult in Illinois who died after being hospitalized. More »

 

Encouraged by Johnson's visit, UK officials now hoping rest of EU agrees to work on Brexit solution

LONDON (Reuters) - Britain is hoping the rest of the European Union falls in behind France and Germany and agrees to work on solving a deadlock over Brexit, with officials sensing a glimmer of hope after meetings this week, but conscious of the need for a wider consensus in Europe. More »

 

Global disputes likely to thwart unity at G7 summit in France

PARIS (Reuters) - Leaders of the G7 nations arrive in France on Saturday for a summit as a brewing U.S.-China confrontation over protectionism highlighted President Emmanuel Macron's tough task in delivering meaningful results on trade, Iran and climate change. More »

 

Wall Street Weekahead: Investors look at dollar stores as U.S. recession fears increase

NEW YORK (Reuters) - More investors are watching the shares of discount retailers like Dollar General Corp and Dollar Tree Inc , which perform better during economic downturns, in the hopes of gauging changes in consumer behavior, though higher tariffs may erode the companies' ability to act as economic bellwethers. More »

 

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