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June 24, 2018 Aviation
Bloomberg Airbus SE threatened to pull its UK investments if Britain walks away from the European Union without a deal, upping the stakes for Prime Minister Theresa May as she fights to deliver a Brexit that won’t wreck the country’s economy. In the starkest warning yet from any major company, the aerospace giant said that a departure from the single ...
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June 24, 2018 Aviation
Bloomberg As the brewing trade battle between the US and China threatens to slow demand for air freight, the market is also facing pressure as demand gets in line with supply, according to the chief executive officer of Singapore Airlines Ltd. “From a business perspective, we would like to see countries around the world to work together to grow the ...
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June 24, 2018 Aviation
Bloomberg Workers at a Bombardier Inc. aircraft plant that was recently sold to a pension fund have reached tentative labour agreements with the company. Unifor, the union that represents about 2,000 production and office staff at the Downsview facility in Toronto, is recommending that members ratify the deals. Details won’t be released until after workers vote on Sunday. Workers had ...
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June 24, 2018 Retail
Bloomberg As the largest US retail bookseller tries to enact a turnaround, some investors may be losing their patience. Barnes & Noble Inc., which saw same-store sales drop 5.4 percent in the latest year, said it’s expecting that measure to improve this year. Double-digit declines in gifts, music and movies drove also down comparable sales in the fourth quarter ended ...
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June 24, 2018 Aviation
Bloomberg A Mexican airline is offering to reunite families separated by President Donald Trump’s “zero tolerance†immigration policy — for free. Controladora Vuela Cia de Aviacion, known as Volaris, said it will try to work with authorities in the US, Mexico and Central America to bring back family members. The company operates flights across Mexico and to various US cities, ...
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June 23, 2018 Politics
Bloomberg There is a corner of Berlin where the golden age of US-German relations lingers on. Visitors to the Allied Museum on Clayallee — a boulevard named for General Lucius Clay, commander in chief of US forces in Europe after World War II — are greeted by a propeller aircraft that flew in supplies to West Berlin during the Soviet ...
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June 23, 2018 Politics
Bloomberg The Trump team’s mission to the Middle East will run into a dead end if it tries to dodge political issues at the heart of the Israeli-Palestinian conflict, Palestinian Authority President Mahmoud Abbas’s spokesman said. The lead US Middle East peace negotiators, Jared Kushner and Jason Greenblatt, have been visiting with leaders in the region this week as they ...
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June 23, 2018 Politics
Bloomberg The US has “indefinitely suspended†military exercises in South Korea to foster Washington’s fledgling relationship with Pyongyang in the wake of President Donald Trump’s meeting in Singapore earlier this month with North Korean leader Kim Jong-un. Defense Secretary Jim Mattis suspended the Ulchi Freedom Guardian exercises as well as two other war game operations that were scheduled to take ...
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June 23, 2018 Politics
Bloomberg A second criminal conviction for Romania’s de-facto leader is set to fan political tensions over corruption in the Black Sea nation. Social Democrat boss Liviu Dragnea was handed a 3 1/2-year jail sentence for abuse of office, though he won’t be sent to prison until the appeals process has been exhausted. In a sign of the impending battle, the ...
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June 23, 2018 Politics
Bloomberg Talks over US commercial use of a rocket launch site in Brazil are advancing and will take center stage during Vice President Mike Pence’s visit to Brasilia next week, according to three people familiar with the matter. While a final agreement is unlikely during his visit, progress has been made in discussions to give US personnel access to the ...
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