Bloomberg UK Defense Secretary Gavin Williamson pitched a strong British military and a new concept fighter jet it’s developing while brushing aside concerns about US President Donald Trump’s rhetoric against NATO during a visit to Washington. Speaking at an event hosted by the Atlantic Council, Williamson said he’d like to see the US consider purchases of the “Tempest” jet the ...

Bloomberg Frankfurt Airport reopened after a partial evacuation caused by a French family being mistakenly waved through security despite a positive test for explosives, according to police. The four-person family was questioned and allowed to continue travel after the mistake by a security assistant, the Frankfurt airport police said on Twitter. Police had cleared some areas in the airport’s Terminal ...

Bloomberg More passengers, higher ticket prices and a cargo rebound couldn’t save Cathay Pacific Airways Ltd. from slumping into yet another loss. For Chief Executive Officer Rupert Hogg, that means his restructuring efforts need to strengthen further to turn the tide. After back-to-back annual losses, the carrier is midway through a transformation program under Hogg, who has been cutting jobs ...

Bloomberg As the battle to land Amazon.com Inc.’s second headquarters comes down to the wire, one of the less glamorous contenders is poised to add as much as $1 billion in tax breaks to its pitch. Newark, New Jersey, is expected to approve the big bag of cash, part of a $7 billion package the state is dangling in front ...

Bloomberg In a milestone that’s been more than a decade in the making, India’s first Ikea store will open on Thursday, bringing inexpensive Nordic-inspired furnishings and food to the world’s fastest-growing middle class. Ikea expects to welcome as many as 6 million visitors a year to its 13-acre complex in Hitec City, on the outskirts of Hyderabad, India’s fourth-biggest city. ...

Bloomberg China’s exports grew faster than expected, while imports surged, showing both domestic and international demand continue to shrug off the uncertainty of the trade conflict with the US. Exports rose 12.2 percent in July in dollar terms from a year earlier, the customs administration said, faster than the forecast 10 percent. Imports climbed 27.3 percent, leaving a trade surplus ...

Bloomberg Samsung, South Korea’s biggest conglomerate, plans to invest $161 billion to ramp up its ability to produce memory chips and other products vital to future growth, lending its support to President Moon Jae-in’s efforts to shore up a slowing economy. The spending will boost research and expenditure in artificial intelligence, fifth-generation wireless networks, bio-pharmaceuticals, displays, semiconductors and other key ...

Bloomberg Typhoon Shanshan continued its slow-moving approach towards the Tokyo region, with the tropical storm’s arrival likely to disrupt commuters from August 8 night through Thursday morning. Authorities are warning that as the typhoon’s approach is unusually slow, its effects may be last longer than usual. The typhoon is set to bear down overnight on the Kanto region, where Tokyo ...

Bloomberg China is increasing its monitoring of indebted state-owned enterprises by creating watch lists and setting alarm levels, underscoring that the government hasn’t abandoned the goal of controlling borrowing. The government will set two debt thresholds for state-owned firms — one level would trigger alarms and the other would require higher regulatory attention. Firms with debt above those levels will ...

Bloomberg As Nafta negotiators from the US and Mexico meet for a third straight week in a push to complete a deal on cars, they’re also preparing for a showdown over a clause sought by the Trump administration that could end the agreement altogether. The nations are nearing an accord on content and salaries for auto manufacturing, and the issue ...