Bloomberg Consider what Greek Prime Minister Alexis Tsipras is up against. As Greece prepares to free itself from an eight-year European bailout, its 43 year-old premier is confronting challenges at home and abroad. On the domestic front: preparations for post-bailout economic life and the first general election since the end of the program, including feuds with both allies and rivals. ...

Bloomberg Bombardier Inc. is extending the range of its marquee business jet to 7,700 nautical miles, unseating the Gulfstream G650 as the long-distance champ of the private-aircraft industry. The 300-mile improvement for the Global 7000 means the plane will be able to whisk passengers from New York to Hong Kong, or Singapore to San Francisco, Bombardier said in a statement. ...

SHANGHAI / Reuters China’s planned tariffs on US business jets may do little to buoy rivals despite concerns the moves could create an unequal playing field in the fast-growing China market, aviation executives said in Shanghai. China announced retaliatory tariffs against key US imports, among which is a proposed 25 percent tariff on US aircraft with an “empty weight” of ...

Bloomberg Norwegian Air Shuttle ASA CEO and co-founder Bjorn Kjos said the discount carrier being pursued by rival IAG SA isn’t for sale, reiterating a stance long held by the former fighter pilot who has a 27 percent stake. “I haven’t thought about selling at all” even though many companies have shown interest in acquiring Norwegian Air, Kjos said. Having ...

BEIJING / Reuters An Air China flight bound for Beijing made an unscheduled landing in the central Chinese city of Zhengzhou on Sunday after a passenger threatened a flight attendant with a fountain pen, the country’s civil aviation authority said. In a brief statement on its website, the Civil Aviation Administration of China said a male passenger on Air China ...

Bloomberg Billionaire Isaac Larian, the toy marketer whose lineup includes Little Tikes and Bratz dolls, offered to save part of Toys ‘R’ Us from liquidation with an almost $900 million bid for stores in the US and Canada. Larian would pay $675 million and $215 million for outlets in Canada, he said. The funds will come from Larian himself and ...

The US Federal Reserve minutes show that central bank officials are increasingly committed to raising rates and shrinking the bank’s balance sheet. While economic signs remain mixed, continued growth, rising inflationary expectations, tightening labor markets and the need to temper asset prices would all seem to argue in favour of higher rates. Other central banks are likely to follow. The ...

There is a typical arc of bank scandals. Wells Fargo appears to be caught in a feedback loop, and its first-quarter earnings provided more evidence of that. Wells Fargo recently said that its quarterly earnings per share rose just 8 percent to $1.12, which was slightly more than the $1.06 analysts were expecting. The bank’s revenue of $21.9 billion was ...

As so often in the past, Mark Zuckerberg found himself apologizing this week. Testifying before Congress, he offered hours of penitence and self-reflection. “I’m sorry,” he said. “I’m committed to getting it right.” And just what would getting it right entail? In questioning Zuckerberg, the assembled members of Congress voiced a long series of abstract anxieties — about data collection ...

Nobody expects a coherent and consistent trade policy from President Donald Trump. But sometimes incoherence and inconsistency are to be welcomed. Trump has apparently directed his trade advisers to explore rejoining the Trans-Pacific Partnership (TPP). This instruction contradicts much of what has gone before — and is, in other words, a very good idea. Trump dumped this painstakingly negotiated pact ...