Monday Morning Briefing: China's billion dollar tariff threat on U.S. oil
June 18, 2018
Reuters News Now
Global stocks slid and U.S. oil prices slumpedafter Trump announced tariffs on Chinese goods and Beijing responded with similar measures in an escalating trade dispute. China’s threat to impose duties on U.S. oil imports will hit a business that has soared in the last two years, and which is now worth almost $1 billion per month.
Blockchain explained:Do you understand the technology that underpins bitcoin? As more possible uses for blockchain emerge, see exactly how it works with our interactive guide. Read more Fintech coverage here.
Germany woke to gloomy headlinesof “chaos” and “humiliation” today after the defending World Cup champions fell 1-0 to Mexico in a shock opening defeat in Russia. Mexicans jumping in jubilation shook the ground hard enough to set off earthquake detectors after their team scored the surprise victory. Read the latest World Cup coverage here.
Hungarian Prime Minister Viktor Orban's pushto force Budapest’s renowned Central European University out of the country throws the battle over the European Union's future into stark relief. The CEU was founded by Hungarian-American hedge fund manager George Soros, who, despite decades of philanthropic efforts in Eastern and Central Europe, was widely vilified during Orban’s election campaign. “Soros espouses the values of radical cosmopolitanism against those of radical nationalism,” writes columnist John Lloyd for Reuters Commentary.