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US Budget Airlines Ask Government for $2.5 Billion Financial Rescue Package

Key Points: A coalition of United States budget airlines, including Frontier and Avelo, wants a $2.5 billion financial rescue package from the federal government. Airline executives met with Transportation Secretary Sean Duffy and FAA chief Bryan Bedford in Washington last Tuesday to discuss the deal. The carriers blame their financial troubles on the ongoing war...

China Builds New Economic Weapons Ahead of Trump Summit

Key Points: U.S. President Donald Trump rated his October meeting with Chinese President Xi Jinping a 12 out of 10, expecting an end to trade retaliation. Beijing enacted sweeping new laws to seize assets and punish foreign companies that move their supply chains out of China. The United States threatened to impose sanctions on Chinese...

Tokyo Electron Fires Top Executive Over Secret Ties to Chinese Rivals

Key Points: Japanese chip equipment maker Tokyo Electron recently cut ties with its veteran executive Jay Chen following a shocking internal discovery. The company found out Chen had personal connections to financial investment groups that directly fund up-and-coming Chinese semiconductor competitors. Chen managed a massive $5.6 billion business division for Tokyo Electron in China and...