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 ...

Any new chief executive likes to make their own mark. For Patrik Frisk, who took the helm of Under Armour Inc. last month, there’s even more reason than most. While founder Kevin Plank has ceded the role of CEO, he’s staying around as chairman and brand chief at the maker of athletic apparel. At first glance, the surprise sales and ...

The European Union’s (EU) aspiration to be a pacesetter in the global fight against the climate crisis is laudable. Even better, the bloc’s leaders want to bake financial innovation into their plans, giving their member countries (and companies and the region’s financial industry) a leg up in the rush to fund infrastructure projects that may literally save the planet. But ...

With more than two-score coronavirus infections and the threat raised to the second-highest level of severity, Singapore may not want to leave anything to chance when the budget is unveiled next week. The city-state is building an early reputation for handling the crisis professionally. Hong Kong, which is getting brickbats for ineptitude, will take note of its arch-rival’s fiscal defense. ...

Deutsche Bank AG is back — at least if its ability to sell the riskiest type of debt is a yardstick. After a six-year hiatus marked by a flirtation with collapse, billions of euros of losses, multiple management changes and its biggest restructuring in decades, Deutsche is going into the deep end of fixed-income risk: a benchmark perpetual bond (known ...

Nordstrom Inc.’s seven-story New York flagship at Broadway and 57th Street is home to a velvet-lined Nike boutique, a facial massage studio in the heart of the shoe floor and lots of expensive new merchandise. That’s how it’s always been at Nordstrom. But last month brought something new with the opening of See You Tomorrow, a luxury apparel resale boutique ...

Bloomberg Samsung Electronics Co is starting a new decade with a new chief in charge of its mobile business, but it’s doing it in the same old fashion: by leaning into its semiconductor advantage to overwhelm consumers with unmatched specs on its latest Galaxy devices. Announced at simultaneous events in San Francisco and London, Samsung’s Galaxy S20 family of Android ...

Bloomberg Hyundai Motor Group has struck a deal to develop electric vehicles (EV) with Los Angeles-based startup Canoo. Under the terms of the agreement, Hyundai and its Kia affiliate will gain access to Canoo’s engineers and technology as the two South Korean automakers look to expand their production of EVs. Hyundai and Kia both recently announced plans to invest heavily ...