Air traffic controllers briefly lost communication with planes at Newark Liberty International Airport last week, according to the workers’ union, a revelation that came as travel disruptions there extended into a second week. Galen Munroe, a spokesman for the union, the National Air Traffic Controllers Association, said that on April 28, controllers in a Philadelphia…
The toll for misconduct at the fallen Swiss bank Credit Suisse just keeps getting bigger. Federal prosecutors said on Monday that UBS, which rescued Credit Suisse from the brink of collapse two years ago, would pay $510 million in fines for the role Credit Suisse played in helping clients evade taxes. Credit Suisse, among other…
China’s central bank cut interest rates and made it easier on Wednesday for banks to increase lending and pump more money into the economy, in the most significant policy steps taken by Chinese officials to limit the impact of the trade war with the United States. The central bank, the People’s Bank of China, cut…
When Xi Jinping, China’s top leader, returned from the Group of 20 summit in Brazil last November, he made a stopover in Casablanca, where he was greeted with dates and milk, the traditional welcome for honored guests, and a meeting with Crown Prince Moulay Hassan of Morocco. The brief visit was a sign of the…
Senate Democrats are demanding changes to cryptocurrency legislation pending in Congress, responding partly to growing evidence that the Trump family is using its connections and President Trump’s power to profit from crypto trading. The pushback intensified late last week after a closed-door meeting among Senate Democrats in which Senator Chuck Schumer, the Democratic leader, told…
“TikTok is here — we are here,” Khartoon Weiss, the company’s vice president of global business solutions, told a packed warehouse of advertisers on Tuesday in Manhattan. “We are absolutely confident in our platform and confident in the future of this platform,” she declared. That statement was the closest TikTok advertising executives got to addressing…
Less than a year ago, executives from FedEx and UPS were talking about how they were handling a flood of packages from China to American consumers. “Explosive” is how Carol Tomé, UPS’s chief executive, in July described the volume of shipments from e-commerce companies selling Chinese goods in the United States. And FedEx’s chief customer…
DoorDash announced two deals worth billions of dollars on Tuesday, saying it has agreed to acquire Deliveroo, the British food delivery company, and SevenRooms, a platform used by hotels and restaurants to manage reservations and marketing. The acquisitions would enable DoorDash, the dominant food delivery app in the United States, to expand overseas and add…
Top officials from the Trump administration will meet with their Chinese counterparts in Switzerland this week, the first formal meeting about trade between the United States and China since President Trump raised tariffs on Chinese imports to triple-digit levels last month. Scott Bessent, the Treasury secretary, and Jamieson Greer, the United States trade representative, plan…
As Israel faces a doctor shortage, Jonathan Gray, the president of the investment firm Blackstone, and his wife, Mindy, are donating $125 million to Tel Aviv University’s health science and medical school. The donation, through the Grays’ foundation, is the largest ever to Tel Aviv University, and is expected to allow the medical school enrollment…
