The United States on Thursday announced a major development involving airplane manufacturer Boeing, confirming a $10 billion order from Britain. The deal was revealed by US commerce secretary Howard Lutnick during the signing of a bilateral trade agreement between the US and the UK.The aircraft deal is expected to be led by International Airlines Group…
Photo: Mario Tama (Getty Images) As markets swirl amid tariffs and trade war concerns, one company is looking rather recession-proof: Netflix (NFLX). The company was one of the rare bright spots in trading Monday, rising almost 2% after delivering a blockbuster first quarter that had experts comparing the company with Big Tech instead of Big…
The US will face high costs and “monster” complexities to realise the Trump administration’s proposed “Golden Dome” missile defence shield designed in response to China’s expanding arsenal, according to analysts. Citing six sources familiar with the matter, Reuters reported last week that SpaceX, the rocket and satellite company run by Elon Musk, who is also…
There is no need for Hong Kong to follow the central government in rejecting aircraft deliveries from Boeing amid the US-China trade war, analysts have said, arguing such a move would only hurt the city’s aviation hub status and local airlines’ expansion plans. Beijing ordered mainland Chinese airlines not to accept deliveries of up to…
US President Donald Trump on Thursday refuted a Chinese statement that the two economic powers have not held talks to ease an ongoing trade war, saying there were meetings earlier in the day “They had a meeting this morning,” Trump told reporters, declining to say to whom he was referring. “It doesn’t matter who ‘they’…
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In This Story U.S. stocks were surging into the green on Wednesday morning after President Donald Trump backed off his threat to fire Federal Reserve Chair Jerome Powell — at least for now. How Trump’s tariffs could make your iPhone cost $3,500 After days of escalating attacks, including calling Powell a “major loser” and saying…
Air India Ltd is looking to take Boeing Co planes rejected by Chinese carriers, people familiar with the matter said, joining the ranks of Asian airlines vying to benefit from the trade war between Washington and Beijing. The Tata Group-owned carrier, which urgently needs aircraft to expedite its revival, plans to approach Boeing about acquiring…
A Boeing aircraft that was set to be delivered to an airline in China returned to the U.S. over the weekend, a sign of the emerging trade war between the world’s two biggest economies. The Boeing 737 Max8 plane had been set to be delivered to Xiamen Airlines, according to CBS News senior transportation correspondent…
In This Story Shaken by geopolitical shocks, the S&P 500 was flat last week and the Nasdaq nosed just into the red — but the Dow Jones Industrial Average finished significantly lower, weighed down by a double blow from UnitedHealth (UNH) and Nvidia (NVDA). How Trump’s tariffs could make your iPhone cost $3,500 UnitedHealth slashed…