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Trump-Xi tariff war hits Boeing, spurs Airbus to cruise ahead

Bloomberg Boeing Co., the biggest US exporter, suffered a setback in China after the country proposed an additional 25 percent tariff on US aircraft in a retaliatory move, giving rival Airbus SE a leg-up in a market set to the become the world’s biggest. In a tit-for-tat response to tariffs by President Donald Trump, China announced the planned levy on ...

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Hershey spends $500mn for sustainable Kisses

Bloomberg Hershey Co. is spending $500 million in the hopes of producing its iconic chocolate Kisses from more sustainable cocoa. Through its so-called Cocoa for Good programme, the company will invest the funds through 2030 to support four key areas: nourishing children, empowering youth, building prosperous communities and preserving natural ecosystems. The initiative’s goals include eliminating child labor and increasing ...

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Southwest in talks with Boeing for additional 737 Max orders

Bloomberg Southwest Airlines Co. is considering an order for “more than a handful” of Boeing Co.’s 737 Max aircraft as the nation’s largest discount carrier benefits from lower tax rates and expanding travel demand. Discussions with Boeing are ongoing, Southwest Chief Executive Officer Gary Kelly said without specifying a number for a potential order. The CEO reaffirmed that the airline ...

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