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‘We’ll be in the Middle East for the next 100 years,’ Boeing senior exec says

Chip Somodevilla/Getty Images The pilot of the 747-class Boeing E-4B Advanced Airborne Command Post carefully flies the plane is it is refueled in midair by a U.S. Air Force KC-135 April 6, 2011 over the Atlantic Ocean. The E-4B is taking U.S. Defense Secretary Robert Gates from Washington to Riyadh, …

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Raytheon seeing growth in missile defense systems because of rising ‘threat dynamics’

John Tlumacki | The Boston Globe | Getty Images The patriot missile is manufactured at Raytheon’s Integrated Air Defense Center in Andover, Mass. Defense company Raytheon is seeing a growth market in missile defense systems in Europe and the Middle East due to increased “threat dynamics,” the company’s international chief …

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Hundreds of millionaires are banding together to tell Congress: Raise our taxes

Nicholas Kamm | AFP | Getty Images US President Donald Trump looks at a sample of the proposed new tax form at the White House in Washington, DC, on Nov. 2, 2017. Over 400 millionaires and billionaires from the United States plan to send a letter to Congress this week …

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Harker eyes inflation, stands by Fed rate hike next month

Charles Mostoller | Bloomberg | Getty Images Patrick Harker, president and chief executive officer of the Federal Reserve Bank of Philadelphia. A Federal Reserve official said on Monday he expects to back an interest rate hike next month despite caution over the low-inflation “conundrum,” since the U.S. central bank needs …

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Bitcoin briefly drops 15% amid debate over digital currency’s future

High volatility isn’t going away for bitcoin, raising questions about whether the digital currency can be a sustainable investment asset. Late Saturday, the crypto-currency plunged 15 percent from nearly $6,500 to a low of $5,507, before intermittently shooting back up to near $6,400, according to CoinDesk. Bitcoin last traded near …

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Saad al-Hariri says he’ll return to Lebanon within days

Ratib Al Safadi | Anadolu Agency | Getty Images Saad Hariri, former Prime Minister of Lebanon and the leader of the Future Movement party, attends the ‘2nd General Assembly meeting of Future Movement party’ in Beirut, Lebanon on November 26, 2016. Saad al-Hariri, who announced on Nov. 4 from Saudi …

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Boeing trade complaint didn’t force Airbus deal, says Bombardier chief

Jasper Juinen | Bloomberg | Getty Images A Bombardier CS300 C Series aircraft, manufactured by Bombardier Inc., lands after a flying display on day two of the 51st International Paris Air Show in Paris, France, on Tuesday, June 16, 2015. The president of Bombardier Commercial Aircraft has claimed that a …

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Gulf airlines profits slump as Trump, oil and war all hit home

Marwan Naamani | AFP | Getty Images Musicians perform next to the 25th unit of Boeing 787 Dreamliner received by Qatar Airways and dislayed at the Dubai Airshow on November 9, 2015 in the Gulf Emirate. Perhaps the Middle Eastern airline with the biggest set of problems on its current …

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Trans-Pacific trade deal advances without United States

Rodrigo Buendia | AFP | Getty Images Protesters hold placards against the Trans-Pacific Partnership (TPP) during a rally on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Summit in Lima on November 18, 2016. Countries in the Trans Pacific Partnership (TPP) trade deal have agreed on the core elements to …

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Venezuela utility defaults as judgment day looms for state oil giant

Carlos Garcia Rawlins | Reuters Venezuela’s President Nicolas Maduro talks to the media during a news conference at Miraflores Palace in Caracas, Venezuela October 17, 2017. Venezuela’s Electricidad de Caracas — a state-owned electric company — has defaulted on a $650 million bond payment, Wilmington Trust said Friday. The bonds …

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