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April 9, 2017 Opinion
In the span of just a few days, US President Donald Trump appears to have met both his first true foreign policy crisis and his most challenging bilateral summit more smoothly than many had feared he might. Whether this turns out to be anything more than a symbolic victory, and whether it has an effect in the fight against ...
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April 9, 2017 Opinion
North Korea, trade and tariff were among many issues on the table at the much heralded summit between US President Donald Trump and Chinese President Xi Jingping. But Xi visit was overshadowed by US missile strikes on Syrian base in the wake of chemical weapons attack by Assad regime that killed more than 80 civilians, including dozens of children. ...
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April 9, 2017 Opinion
On April 1, real estate prices in rural Xiongxan County, roughly 80 miles south of Beijing, spiked as much as 37 percent; highways jammed as speculators rushed to the obscure district. That morning, the Chinese government had announced that at the direction of President Xi Jinping, 800 miles surrounding Xiongxan would be developed into a city meant to serve ...
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April 9, 2017 Opinion
Six months ago, technology investors were complaining privately that bankers were lowballing stock prices when companies went public. Fast-forward to today; no one should be griping about overly conservative IPO prices. Late Thursday, business software company Okta Inc. sold 11 million shares in its initial public offering. The IPO values Okta out of the gate at about 13.6 times ...
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April 9, 2017 Opinion
Victims of tech hype should be a bit wary of Elon Musk’s dismissal of hydrogen fuel cells as “fool cells.†A figure as iconic in the tech industry, Amazon founder Jeff Bezos, appears to disagree. Amazon has acquired the right to buy 23 percent of Plug Power, a Latham, New York-based company that went public back in 1999, has ...
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April 9, 2017 Aviation
Bloomberg Dutch national carrier KLM said it favours a ‘liberal’ Brexit deal that would maintain maximum access for UK and continental airlines, after announcing plans to double flights to London City airport starting next month. KLM has held talks with the Dutch government about the split and made clear the importance of safeguarding UK operations, Chief Executive Officer Pieter ...
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April 9, 2017 Aviation
Bloomberg The flood of cheap Chinese airfares that’s undoing Cathay Pacific Airways Ltd. is proving a boon for Qantas Airways Ltd. Hong Kong-based Cathay posted its first loss in eight years last month, overwhelmed by pricing competition from mainland rivals including China Eastern Airlines Corp. and China Southern Airlines Co. For Qantas, it’s doing the opposite — bringing a ...
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April 9, 2017 Aviation
Bloomberg Delta Air Lines Inc., the second-largest airline in the U.S., canceled about 275 flights and warned that more could be scrapped after severe thunderstorms stymied travel out of the company’s largest hub this week. The airline extended a travel waiver to help customers change flights without fees if their travel plans are flexible, according to a statement posted ...
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April 9, 2017 Features
DALLAS /Â AP A Faberge egg and the jeweled elephant designed to fit inside it are being reunited for the first time in almost a century thanks to a loan from Queen Elizabeth II to a Texas museum. A gallery that opens on Monday at the Houston Museum of Natural Science features the elephant, which only recently was discovered to ...
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April 9, 2017 Energy
Bloomberg President Donald Trump is preparing to issue an executive order with the goal of giving oil companies more opportunities to drill offshore, reversing Obama-era policies that restricted the activity. The offshore drilling directive is set to be issued soon, Interior Secretary Ryan Zinke told an industry conference in Washington, according to three attendees who spoke on condition of ...
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