Bloomberg Weather, terrain and human factors were behind the crash of a UH-60M Black Hawk helicopter in January that killed eight defense ministry officers including Taiwan’s top uniformed military officer. An initial investigation report showed that cloud and mist were thick due to sudden changes in the weather in the mountainous area, the Ministry of National Defense’s Air Force Command ...

If the past is any guide — and it certainly will be — President Trump’s ambitious attempts to cut federal spending will almost certainly come to naught. The historical record is clear. As a practical matter, once government programs are created, they’re virtually impossible to kill, even if they’ve outlived their usefulness. Veterans of past budget wars (including me) going ...

Within a few months of joining UBS Group AG in 2011, Sergio Ermotti found himself in just the right place. Switzerland’s biggest bank needed to restore stability after a spate of trading losses, and the newcomer was quickly elevated to the chief executive role. His exit isn’t going so smoothly. Ermotti, 59, has signalled that he plans to step down ...