The European aerospace giant Airbus is to fix deployable flight recorders to its planes that will eject from the plane and float on water in the event of a crash into the sea. “The beacon on it will alert emergency services within minutes” said Charles Champion , Executive Vice President of Engineering at Airbus Commercial […]
Read moreChinese efforts to persuade North Korea to rein in its nuclear program have failed, President Donald Trump said on Tuesday, ratcheting up the rhetoric over the death of an American student who had been detained by Pyongyang. Trump has held high hopes for greater cooperation from China to exert influence over North Korea, leaning heavily […]
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Retailers are still coming up short on winning shoppers over with in-store experiences. More than one-third of shoppers said they “feel nothing” when asked about their initial reaction after shopping in stores, GPShopper found in its latest report, “Reality of Retail: Consumer Connection.“ GPShopper’s study, which was conducted with research firm YouGov, asked roughly 1,200 […]
Read moreBain Capital plans to be the biggest investor in Toshiba’s chip unit, providing 850 billion yen ($7.7 billion) in equity as part of a consortium that also includes Japan government investors, three sources briefed on the matter said. The U.S. private-equity firm will, however, obtain around half that amount in financing from South Korean chipmaker […]
Read moreCurrency, United States Finance
Pentagon admonishes Russia for 'unsafe' intercept of US spy plane over Baltic Sea
A Russian fighter jet flew within five feet of a U.S. Air Force reconnaissance plane in an “unsafe” manner over the Baltic Sea on Monday, U.S. officials said. The near miss occurred over international waters on Monday morning, approximately 25 miles northwest of Kaliningrad – a Russian enclave between Poland and Lithuania. “Russia is certainly […]
Read moreUber IPO prospects remain ‘extremely good’ despite CEO Travis Kalanick resigning, Deutsche Bank says
Uber’s prospect of executing an initial public offering (IPO) remains “extremely good” despite CEO Travis Kalanick resigning and management changes, a top Deutsche Bank corporate banking executive told CNBC on Wednesday. Kalanick resigned on Tuesday after investors demanded he step aside amid a number of controversies at the ride-hailing service. The outgoing CEO has consistently […]
Read moreJapan opened a missile defense drill to the public on Wednesday, a move it says will reassure the country it is ready to counter any missile attack by neighboring North Korea. A PAC-3 Patriot battery drove on to the Asaka Self Defense Forces base near Tokyo, deployed its radar antenna and raised its missile launcher […]
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A decade ago, the real estate market opportunity in China consisted largely of risky speculative development deals because of a lack of availability of stock. Foreign investors seeking opportunistic returns from the first wave of China funds have been largely disappointed from a toxic combination of delays, cost escalation and implementation problems due to difficulties […]
Read morePrime Minister Theresa May has vowed to work with “humility and resolve” as the right-wing Conservative leader prepares to outline her government’s legislative program on Wednesday. In an occasion stripped back of its usual pageantry, the Queen’s speech will set out the government’s proposed legislation and policies for the next session of parliament – which […]
Read moreThree-time Oscar winner Daniel Day-Lewis is retiring from acting, his spokeswoman said on Tuesday, ending a storied movie career that includes performances in “Lincoln” and “Gangs of New York.” Day-Lewis, 60, the only man to have won three best actor Oscars, gave no reason for his decision, calling it private. “Daniel Day-Lewis will no longer […]
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