Boeing is in full-on damage-control mode as the aerospace industry faces a rash of concerns that threaten to send it into a slump. Ahead of the Paris Airshow this week, one of the aircraft industry's most important events, Boeing CEO Dennis Muilenburg told reporters his company made a "mistake" in how it handled the cockpit…
BACK IN 1980 when Harlem was still a byword for poverty, criminality and the decline of New York City, black men in the neighbourhood had a worse chance of living to the age of 65 than men in Bangladesh did. At that time Harlem’s residents—almost all of them black, and many of them poor—died of…
Faced with public anger, the city’s leader makes a rare apology. Hong Kong’s chief executive apologized to the public on Sunday after a surprisingly large and defiant crowd poured onto the streets and converged on government offices. The protest capped a week of heated protests and soul-searching questions about the city’s ability to maintain some…
When Donald Trump bought 436 acres in upstate New York two decades ago, he envisioned adding two new championship golf courses to his collection.He bought the wet, overgrown, tree-tangled parcels that sit miles off a state parkway beginning in 1998 for less than the current price of a two-bedroom condo in Trump Tower. But local…
Target faced massive technical difficulties on Saturday, as customers across the US found themselves unable to check out at the retailer. At around 2 p.m. ET, Target customers at locations across the US began reporting malfunctioning cash registers on social media. Soon, long lines formed, as customers were unable to check out. According to one…
IT WAS a remarkable climbdown in the face of mass protests. Just three days after suggesting that to retreat would be like spoiling a child, Hong Kong’s chief executive, Carrie Lam, announced the indefinite shelving of a proposed law that would allow the extradition of criminal suspects to mainland China. Mrs Lam now says she…
HONG KONG — Backing down after days of huge street protests, Hong Kong’s chief executive, Carrie Lam, said on Saturday that she would indefinitely suspend a bill that would allow extraditions to mainland China. It was a remarkable reversal for Mrs. Lam, the leader installed by Beijing in 2017, who had vowed to ensure the…
Senator Elizabeth Warren presents herself as the antithesis of President Donald Trump, yet they share a populist economic vision as they seek to channel the grievances of working-class Americans who have been left behind by globalization. The Democrat and the Republican have called for wielding the power of the state to protect American industries from…
Uber and Lyft are the dominant players in the ride-hailing business, but ever since their disappointing IPOs earlier this year, investors have been taking a much closer look at the incipient industry that both companies hope to carve up. Uber shares have returned to their offering level, but Lyft is down over 20%. The markets…
Editor’s note (June 14th 2019): As of this date, six candidates remained in the running to lead the Tories BRITAIN’S CONSERVATIVES like to think they are the party of economic competence. Although they have overseen some debacles in recent decades, they have typically had a clear vision for the British economy. In the 1980s, under…
