The first Australian military aircraft designed and developed in half a century—the Loyal Wingman—has successfully completed its first flight on the weekend. Prime Minister Scott Morrison said the program is a testament to the ingenuity of Australia’s defence industry. “History has been made,” Morrison said. Introduced in February 2019, the unmanned Loyal Wingman has a range…
‘History Has Been Made’: First Aussie Made Military Aircraft in 50 Years Takes Off
Jack Ma Loses Title as China’s Richest Man After Coming Under Beijing’s Scrutiny
BEIJING—Alibaba and Ant Group founder Jack Ma has lost the title of China’s richest man, a list published on Tuesday showed, as his peers prospered while his empire was put under heavy scrutiny by Chinese regulators. Ma and his family had held the top spot for China’s richest in the Hurun Global Rich List in…
Target to Invest $4 Billion Annually to Cement Pandemic Market Share Gains
Target will invest $4 billion annually over the next several years to open more stores, upgrade existing ones, and build out its supply chain as the retailer tries to cement market share gains made during the COVID-19 pandemic. The announcement on Tuesday comes after the company reported a 21 percent jump in holiday quarter revenue…
CNN’s Chris Cuomo Says He Can’t Cover Brother’s Scandals
CNN host Chris Cuomo said Monday that he is aware of sexual harassment claims against his brother but cannot cover them. New York Gov. Andrew Cuomo, 63, has been accused of harassment by three women, two of whom are former aides. He has also been under fire for withholding COVID-19 death data from state lawmakers…
Ex-NYT Reporter Donald McNeil Jr. Hits Paper’s Leadership Over Ouster
A former New York Times reporter who left the paper under contentious circumstances last month has pushed back on the notion that he’s racist and criticized the paper’s leadership. Donald McNeil Jr. departed the paper after his use of a racial slur while leading an official student trip surfaced in news reports, stoking anger among…
Biden Urges Workers to ‘Make Your Voice Heard’ as Amazon Employees Vote on Union
WASHINGTON—President Joe Biden defended workers’ rights to form unions and warned against intimidation of workers in a video posted on Twitter on Sunday night, as Amazon.com employees in Alabama vote on whether to unionize. Biden didn’t mention Amazon, but specifically referenced “workers in Alabama” in the video and a tweet introducing it. He said every…
Under Shareholder Pressure, Danone Takes Step To Sell Chinese Asset
PARIS—Danone said on Sunday it was taking a first step towards selling off its stake in its Chinese dairy partner as the French food group faces pressure from shareholders to improve its performance and governance. Danone said in a statement that following a review of its portfolio it had reached an agreement to convert its…
HSBC Doubles Down on China and Asia Amidst Criticism by US, UK
Commentary After aligning with the Chinese Communist Party (CCP), there is no turning back. Having faced criticism in the UK and the United States for endorsing the national security law forced upon Hong Kong by the CCP, global banking giant HSBC is now doubling down on China and the Asia market. The London-based international bank…
HSBC Doubles Down on China, Asian Markets Amidst Criticism by US, UK
Commentary After aligning with the Chinese Communist Party (CCP), there’s no turning back. Having faced criticism in the UK and the United States for endorsing the national security law forced upon Hong Kong by the CCP, global banking giant HSBC is now doubling down on China and the Asian market. The London-based international bank announced…
Warren Buffett’s $10 Billion Mistake: Precision Castparts
Warren Buffett makes mistakes too. The 90-year-old billionaire on Saturday admitted he “paid too much” when his Berkshire Hathaway Inc. spent $32.1 billion in 2016 to buy aircraft and industrial parts maker Precision Castparts Corp., its largest acquisition. Berkshire wrote off $9.8 billion of Precision’s value last August, as the coronavirus pandemic sapped demand for…
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