India's retaliatory tariffs on US goods go into effect

The new duties take effect from Sunday, a government notification said, in the latest trade row since US President Donald Trump took office in 2017 vowing to act against countries with which Washington has a large trade deficit.

Ankara slams Moody's downgrade move

Turkey's Treasury and Finance Ministry said, "we sadly see that very positive developments are being ignored," in response to Moody's move to downgrade Turkey's rating.

Europol says Russian money is biggest laundering threat

A European Union Agency for Law Enforcement Cooperation high official said that Baltic banks are threatened by money laundering coming from Russia.

Uber eyes drones for food delivery, unveils new autonomous car

Uber says it has developed a proprietary airspace management system to will guide the drones to their location and that deliveries won't be made directly to customers, but to a safe drop-off location where an Uber Eats driver will complete the order.

Uber to start test site for flying taxi service in Australia's Melbourne

The US ride-sharing firm said it will start its first international test flying taxi service in Australia's second-largest city of Melbourne in 2020.

Trump ready to slap more tariffs on China after G20 meeting

US President Donald Trump said last week he would decide after the meeting of the leaders of the world’s largest economies whether to carry out a threat to impose tariffs on at least $300 billion in Chinese goods.

Tensions as Greek Cyprus pursues 'arrest' of Turkish drillship crew

Turkey's foreign ministry vows strong response as Greek Cyprus reportedly issues arrest warrants against the 25-member crew of Turkish drillship exploring in the Mediterranean sea.

G20 agrees to wrap up Big Tech tax rules by 2020

The new rules would mean higher tax burdens for large multinational companies but would also make it harder for countries such as Ireland to attract foreign direct investment with the promise of ultra-low corporate tax rates.

Iran has no plans to leave OPEC despite tensions - oil minister

Iranian oil minister Bijan Zanganeh has regretted that some members of the Organization of the Petroleum Exporting Countries (OPEC) have turned the group into a political forum.

US, Mexico hammer out deal to avoid tariffs in migration row

A tax on all Mexican goods , which would increase every month up to 25 percent under Trump's plan, would have had enormous economic implications for both countries.

China-US talk trade on sidelines of G-20 finance gathering

US Treasury Secretary Steven Mnuchin and People's Bank of China Governor Yi Gang are due to hold routine talks on various issues and then break away for their discussion on trade amid a row between the world's two largest economies.

Trump says deal possible with Mexico in migration row

US President Trump says good chance US will reach immigration deal with Mexico but adds "if we are unable to make the deal, Mexico will begin paying tariffs at the 5 percent level on Monday."