From a political standpoint, 2019 will be remembered as the year President Donald Trump got impeached. From an economic standpoint, however, the year has turned out about as well as he could have hoped for. After being effectively flat since the middle of 2018, the stock market has risen to record highs over the last several months. That performance is ...

Protests have broken out across India, a few of them violent, against a new law that fast-tracks citizenship for non-Muslim migrants from three majority- Muslim countries. In the northeastern state of Assam, where migration has long been a major political issue, four protesters were killed when security forces opened fire. In both the capital of Delhi and the town of ...

There’s a school of thought that says the dominant business model for tech startups isn’t B2B (business-to-business) or D2C (direct-to-consumer). It’s really V2C: venture-capital-to-consumer. In other words, piles of venture capital are being directed into the pockets of consumers — often tech-savvy millennials — in the form of discounted services provided by startups prioritizing growth over profit. The fact that ...

I now have low expectations when Mark Zuckerberg writes a manifesto, gives a speech, grants media interviews or fields questions from lawmakers. In these settings, and particularly on questions about how the world should or does work, Facebook Inc.’s chief executive officer can seem over-rehearsed, scarily superficial, cravenly political, evasive — or all of the above. But in less-scripted moments, ...

Bloomberg India has stepped up scrutiny of engines on Airbus SE’s A320neo jets, forcing the country’s biggest airline, IndiGo, to have to replace more than previously estimated, a move that could further delay the budget carrier’s expansion plans. A “more intense boroscopic examination” of engines manufactured by Pratt & Whitney has identified more engines at risk of shutting down in ...

Bloomberg Dennis Muilenburg was ousted as chief executive officer of Boeing Co., a once-unthinkable turning point for a US industrial champion engulfed in turmoil after two deadly crashes of its top-selling 737 Max jetliner. David Calhoun, a General Electric Co. veteran who had served as chairman since October, will replace Muilenburg as CEO and president on January 13, Boeing said ...

Bloomberg Airbus SE officially cancelled a book commissioned for its 50th anniversary, citing a shift in its ‘‘communication content goals.” “Airbus acknowledges the quality of the finished manuscript,” the company said in a statement, which was titled ‘‘Airbus: The First 50 Years” and written by ex-New York Times journalist Nicola Clark. Bloomberg News reported in July that the book was ...

Bloomberg Ryanair Holdings Plc lost a bid to stop a top executive joining rival EasyJet Plc next month after a bitter legal battle. An Irish judge ruled Chief Operating Officer Peter Bellew can join EasyJet in the same role on January 1 as planned. Ryanair had argued that Bellew must abide by a 12 month non-compete clause before moving to ...

Bloomberg After hitting a record high, Nike Inc. is finding it harder to keep investors happy. Even though the company posted quarterly results that sailed past Wall Street estimates, the shares dipped, suggesting some investors were looking for an even bigger upside surprise. Fiscal second-quarter profit rose to 70 cents a share, Nike said, beating 58-cent average of analysts’ estimates. ...

Bloomberg Kuwait and Saudi Arabia could reach an agreement by the end of this year to renew oil output in the shared neutral zone along their border, Kuwaiti Oil Minister Khaled Al-Fadhel said. The neutral zone, which has been shuttered for at least four years, can produce as much as 500,000 barrels a day. The zone’s Wafra and Khafji fields ...