The head of Australian opposition Bill Shorten on Saturday has accepted the loss of parliamentary elections and conceded to the government's Liberal Party.
The Prime Minister of Australia Scott Morrison congratulated his colleagues from the Liberal Party over unexpected victory in the country's parliamentary elections.
Xiao Yaqing, Director of China's Asset Supervision and Administration Commission (SASAC), has been appointed on Saturday that the new head of the country's State Administration for Market Regulation.
The former Argentinian President Cristina Fernandez de Kirchner stated on Saturday that she would compete for the post of the country's Vice President in the upcoming national elections.
Khalid al-Falih, the Foreign Minister of Saudi Arabia, stated on Saturday that there was no shortage in oil supply, as global stockpile was still increasing, especially from the US.
According to a government source quoted by the ILNA news agency, Iran has modified shipping routes, destination and overall tactics of its crude oil exports, thus adapting to the US sanctions.
The Foreign Minister of Iran Mohammad Javad Zarif stated on Saturday that any rumours about possible war with the US were false, as the country has no desire to escalate conflict and at the same time has capabilities to defend itself.
Heinz-Christian Strache, the Vice Chancellor of Austria and far-right leader, stated on Saturday that he would resign in order to save coalition government that could collapse because of a compromising video with him.
On Friday, the United States announced that it would lift tariffs on the Canadian and the Mexican metals shipments.
Australians went to the poll on Saturday to vote in the country's Parliamentary election, as surveys showed that the Labor Party lead over the Liberal-National coalition is at 51.5% to 48.5%.
On Friday, crude oil prices hit the $73 mark per barrel. The surge was attributed to OPEC supply cuts and concern about potential disruption to the Middle East shipments.
Patrick Byrne, the Chief Executive Officer of Overstock.com, defended his personal stock sale after the company's shareholders questioned the move.
A senior Chinese diplomat Wang Yi told Mohammad Javad Zarif, the Iranian Foreign Minister, that China opposes unilateral US sanctions against Iran.
Wall Street edged lower on Friday, after a three consecutive trading session of gains, following China's media tough talk on trade.
On Friday, Samsung Electronics Co announced that it had not made a decision on further investment in its memory chip plant in Xian, China.
On Friday, the Central Bank of China announced that it would cut funding costs, mostly for small companies, amid US trade tensions.
The University of Michigan announced that the US consumer sentiment reached a fifteen-month high in early May. However, the gains were recorded before the latest US-China trade war.
On Friday, the White House announced that the US President Donald Trump would delay a decision on tariffs on cars and parts imported from Japan and the European Union.
Nestle's head of Marketing and Communications Frank Pflaumer stated on Friday that the company would boost its natural and healthier food products in Brazil.
According to sources with knowledge of the matter, the FBI is investigating Johnson & Johnson, Philips, Siemens and General Electric over the Brazilian graft case.
Brexit talks between the UK Prime Minister Theresa May and the opposition Labour Party have broken down, throwing the United Kingdom further into political disarray.
On Friday, Pinterest's shares edged lower by about 17% after forecast showed that it would take the company two years to become profitable.
The Japanese Yen edged up against a basket of major currencies on Friday, and the Chinese Yuan hit a six-month low, as the US-China trade war increased concerns about the global economic growth.
Olaf Scholz, Germany's Finance Minister, said that he expected the OECD to reach an agreement on minimum taxation for digital firms by 2020.