‘Little Standing or Dependability:’ Trump Lashes Out at Facebook’s Libra Cryptocurrency

President Donald Trump on Thursday night warned Facebook Inc. over its plan to create a digital currency, the Libra, a move that poses a new obstacle to the company’s cryptocurrency ambitions. “Facebook Libra’s ‘virtual currency’ will have little standing or dependability. If Facebook and other companies want to become a bank, they must seek a […]

Norwegian Air CEO Retires Amid Turnaround Efforts

Bjorn Kjos, a pioneer of low-cost travel as co-founder of Norwegian Air Shuttle ASA, is stepping down as chief executive officer after making progress toward resolving the carrier’s debt crisis. Kjos, who helped found Norwegian in 1993 and led its rapid growth, will leave the post immediately, the company said Thursday in a statement. Chief […]

Airbus On Track To Become World’s Top Plane Manufacturer As Boeing’s Orders Slump on Max Grounding

Airbus SE booked a slew of jetliner deals from last month’s Paris Air Show, dragging the company out of one of the thinnest sales periods in its recent history. Toulouse, France-based Airbus signed contracts for 145 planes in June, taking the first-half total into positive territory at 88, as cancellations had previously outweighed new sales. […]