Sailing-Winds of change for America's Cup in Bermuda Triangle
HAMILTON, Bermuda, June 24 Mystery surrounds what next for the America's Cup if New Zealand win sailing's most prestigious prize in Bermuda next week.
GENEVA Nov 28 The World Trade Organization (WTO) ruled on Monday that a tax break from Washington state to help U.S. planemaker Boeing develop its new 777X jetliner was a prohibited subsidy.
The WTO said the subsidy came in the form of a renewed cut in the state's main business tax for aerospace agreed in 2013, when Boeing was considering where to base assembly of the latest member of its long-haul jet family.
It rejected a complaint by the European Union against six further tax measures.
It is the third swathe of public support for Boeing or its European rival Airbus criticised by the WTO in a record transatlantic trade dispute dating back 12 years, and involving mutual accusations of tens of billions of dollars of aid.
The ruling, which can be appealed by either side, comes as the United States ponders potential sanctions against the EU over earlier WTO rulings against Airbus. (Reporting by Tim Hepher and Tom Miles; Editing by Mark Potter)
June 23 The U.S. Marine Corps said on Friday it resumed flight operations for Lockheed Martin Corp's F-35B fighter jets after temporarily suspended operations a day ago because of software problems.
June 23 The UPS employee who shot three coworkers to death last week inside a United Parcel Service facility in San Francisco before killing himself appears to have singled out his victims deliberately, but a motive remains unknown, police said on Friday.