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Why the U.S.-China Aircraft Rivalry Is More Complicated Than It Seems
  + stars: | 2021-06-24 | by ( Jon Sindreu | ) www.wsj.com + 0.88   time to read: +1 min
The C919, a narrow-body jet produced by Chinese state-owned company Comac, is scheduled to enter service this year. This ensures that all major Chinese airlines—also government owned—will fly it, even though it likely contravenes World Trade Organization rules. The U.S. and Europe rightly worry about Comac breaking their plane duopoly, say in 20 years’ time. Last week’s Euro-American agreement calls for joint action against the “non-market practices of third parties,” including China’s practice of inviting in foreign investors only to copy their technology. Yet the West can in fact already torpedo China’s aircraft industry.
Persons: Organizations: European Union, China, Boeing, Airbus, Trade Organization Locations: U.S, Beijing, Europe, China
Nasdaq and S&P 500 scale new peaks; Dow rallies
  + stars: | 2021-06-24 | by ( Noel Randewich | Devik Jain | ) www.reuters.com + 0.00   time to read: +3 min
(Reuters) - The Nasdaq and the S&P 500 indexes hit all-time highs on Thursday, with the Dow also jumping, as U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal. FILE PHOTO: People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. So far this month, the S&P 500 growth index has gained almost 4%, outperforming the value index’s 2% drop. (Graphic: S&P 500 Forward PE, )The Dow Jones Industrial Average was up 1.04% at 34,225.35 points, while the S&P 500 gained 0.66% to 4,269.79. The S&P 500 posted 33 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 96 new highs and 22 new lows.
Persons: Joe Biden, Brendan McDermid, , Sal Bruno, Elon Musk, Eli Lilly Organizations: Reuters, Nasdaq, Dow, New York Stock Exchange, REUTERS, Caterpillar, Boeing, Dow Jones, Tesla, Microsoft Corp, Netflix Inc, Facebook Inc, Labor Department, Commerce Department, U.S . Food, Biogen Inc, MGM Resorts International, Deutsche Bank, Accenture, NYSE Locations: New York City, U.S, New York,
Nasdaq and S&P 500 end at record highs; Dow rallies
  + stars: | 2021-06-24 | by ( Noel Randewich | Devik Jain | ) www.reuters.com + 0.00   time to read: +3 min
(Reuters) - The Nasdaq and the S&P 500 indexes closed at record highs on Thursday, with the Dow also jumping after U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal. Mega-caps PayPal and Facebook Inc gained, and were also among the biggest boosts to the S&P 500 and the Nasdaq. So far this month, the S&P 500 growth index has climbed almost 4%, outperforming the value index’s 2% drop. (Graphic: S&P 500 Forward PE, )Unofficially, the Dow Jones Industrial Average rose 0.95% to end at 34,196.49 points, while the S&P 500 gained 0.58% to 4,266.37. The S&P 500 technology, healthcare and communication services sector indexes hit record highs.
Persons: Joe Biden, Brendan McDermid, , Sal Bruno, Elon Musk, Eli Lilly Organizations: Reuters, Nasdaq, Dow, U.S, New York Stock Exchange, REUTERS, Caterpillar, Boeing, Dow Jones, Tesla, PayPal, Facebook Inc, Labor Department, Commerce Department, U.S . Food, Biogen Inc, MGM Resorts International, Deutsche Bank, Accenture Locations: New York City, U.S, New York,
U.S. core capital goods orders dip in May; shipments increase solidly
  + stars: | 2021-06-24 | by ( ) www.reuters.com + 0.00   time to read: +3 min
These so-called core capital goods orders jumped 2.7% in April. Economists polled by Reuters had forecast core capital goods orders rising 0.6%. Last month, core capital goods orders were held down by machinery and fabricated metal products, as well as computers and electronic products. Shipments of core capital goods increased 0.9% after advancing 1.0% in April. Core capital goods shipments are used to calculate equipment spending in the government's gross domestic product measurement.
Persons: Maki Shiraki WASHINGTON, Lucia Mutikani, Chizu Organizations: Honda, Acura, Manufacturing, REUTERS, Commerce Department, Reuters, Business, Boeing, Thomson Locations: Marysville , Ohio, U.S
I started studying aeronautics in Delhi, India, and from there, I went for my flying course in the US. I did my training in 2007 and 2008, and I came back to India and was flying by 2009. Now, I'm flying Airbus A320s and have been a pilot for almost 12 years, with close to 7,000 hours of flying time. The entire capital expenditure was about 3 million rupees ($40,500). There are a lot of revenue sources beyond the food.
Persons: Rajat Jaiswal, Chris Stokel, Walker, I've, Farman, we've Organizations: Boeing, Airbus Locations: India, Delhi, Lucknow, COVID
In the 1950s through 1960s, flight attendants — called stewardesses at the time — were hired based on looks and were required to be unmarried, Axios reports. Most flight attendants at the time were forced to retire by the age of 35, according to the Association of Flight Attendants-CWA. In the past year, flight attendants have been forced to grapple with another set of issues. In May, a Southwest Airlines flight attendant allegedly lost two teeth after a passenger assaulted her. Last week, several flight attendants told Insider's Allana Akhtar that they have faced "unprecedented" instances of violence and aggression in-air.
Persons: Biden, , Tim Graham, Cheryl, you've, Insider's Allana Akhtar Organizations: FAA, inclusivity, Tech, Service, Federal Aviation Administration, Research, NASA, Bureau of Labor Statistics, Association of Flight, Braniff International Airways, Pan, Boeing, National Airlines, Association of, Southwest Airlines
Final Trades: Netflix, Boeing, Facebook & more
  + stars: | 2021-06-24 | by ( ) www.cnbc.com sentiment -0.98   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Netflix, Boeing, Facebook & moreThe "Halftime Report" traders give their top picks to watch for the second half.
Organizations: Netflix, Boeing, Facebook
Southwest Airlines CEO Gary Kelly doesn't think his airline has enough planes to continue its current business model in 2022 and 2023. New Boeing 737 Max aircraft are scheduled to enter the fleet as part of a modernization program. Southwest Airlines is coming out of the pandemic in growth mode. The focus for the nation's largest low-cost carrier is on a fleet standardization centered on the Boeing 737 Max. Southwest's aircraft woes show how quickly the domestic travel landscape has changed since the vaccine rollout began.
Persons: Gary Kelly doesn't, Gary Kelly, CNBC's Squawk, that's, Kelly, Jim Kramer, Read, Max, Henry Harteveldt, Harteveldt Organizations: Southwest, New Boeing, Max, Southwest Airlines, Boeing, Wall Street Journal, Airlines, Atmosphere Research Locations: New, North, South America, Canada, American, Southwest's Fort Lauderdale , Florida, Ecuador, Brazil, Bolivia, Florida, New Haven , Connecticut
REUTERS/Brendan McDermid (UNITED STATES - Tags: BUSINESS) - GM1EA25038Q01Summary Weekly jobless claims fall, Q1 GDP unrevised at 6.4%Tesla shares boost Nasdaq, S&P 500Lilly jumps on plan to seek approval for Alzheimer's drugIndexes: Dow +0.95%, S&P 500 +0.58%, Nasdaq +0.69%June 24 (Reuters) - The Nasdaq and the S&P 500 indexes closed at record highs on Thursday, with the Dow also jumping almost 1% after U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal. So far this month, the S&P 500 growth index (.IGX) has climbed almost 4%, outperforming the value index's (.IVX) 2% drop. The Dow Jones Industrial Average (.DJI) rose 0.95% to end at 34,196.82 points, while the S&P 500 (.SPX) gained 0.58% to 4,266.49. The S&P 500 technology (.SPLRCT), healthcare (.SPXHC) and communication services (.SPLRCL) sector indexes hit record highs. The S&P 500 posted 36 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 105 new highs and 27 new lows.
Persons: Brendan McDermid, Lilly, Joe Biden, Sal Bruno, Elon Musk, Eli Lilly, Devik Jain, Medha Singh, Maju Samuel, Aurora Ellis Organizations: New York Stock Exchange, REUTERS, UNITED, Nasdaq, Dow, U.S, Caterpillar, Boeing, Dow Jones, Tesla Inc, PayPal, Facebook Inc, Microsoft, Labor Department, Commerce Department, U.S . Food, Biogen Inc, MGM Resorts International, Deutsche Bank, Accenture, NYSE, Thomson, & ' + Locations: New, U.S, New York, Bengaluru
The Philippines is looking for a new multi-role fighter jet and is evaluating the F-16 and the SAAB Abs (SAABb.ST) Gripen. The announcement comes as the United States seeks to renew an agreement with the Philippines governing the U.S. troop presence in the country, which is critical to Washington’s strategy to counter ever-expanding Chinese activity in Asia. The Pentagon also notified Congress on Thursday of the possible sale of two missile packages to the Philippines. One was for 12 Harpoon Air Launched Block II Missiles, two training missiles, spares and equipment made by Boeing (BA.N) and valued at up to $120 million. Another was for 24 AIM-9X Sidewinder Block II tactical missiles, 24 training missiles and spare parts made by Raytheon Technologies (RTX.N) and valued at up to $42.4 million.
Persons: Thaier, Lockheed Martin, Eric Sayers, Rodrigo Duterte, Gregory Poling, China's, Sayers, Mike Stone Organizations: Army, REUTERS, WASHINGTON, U.S . State Department, Pentagon, SAAB Abs, Gripen, U.S, Forces, Lockheed, Lockheed Martin Co, State Department, American Enterprise Institute, Manila, Washington, Center for Strategic, International Studies, Air, Boeing, AIM, Raytheon Technologies, VFA, Thomson Locations: United States, Balad, Iraq, Philippines, United, Asia, Washington, U.S, China
1200 pound high grade aluminum blocks await shipment at Century Aluminum Company in Hawesville, Kentucky, U.S. May 14, 2019. REUTERS/Bryan WoolstonWASHINGTON, June 23 (Reuters) - The European Union's top diplomat in Washington said the United States and Europe had enough time to resolve a continuing dispute over U.S. steel and aluminum tariffs in coming months, but acknowledged the issue was complex and would take work. Stavros Lambrinidis said he was encouraged by progress made during last week's U.S.-EU summit, and an agreement to suspend tariffs for five years in a long-running dispute over aircraft subsidies paid to Airbus (AIR.PA) and Boeing (BA.N). He told a virtual trade event that Brussels was continuing to press Washington to safely ease travel restrictions on Europeans entering the United States, and said he hoped the issue could be resolved "very soon." Reporting by Andrea Shalal, Editing by Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.
Persons: Bryan Woolston, Stavros Lambrinidis, Andrea Shalal, Rosalba O'Brien Organizations: Century Aluminum, REUTERS, U.S, Airbus, Boeing, Thomson Locations: Hawesville , Kentucky, U.S, Bryan Woolston WASHINGTON, Washington, United States, Europe, Brussels
Airlines urged to tighten Airbus A320 checks after COVID storage
  + stars: | 2021-06-23 | by ( Tim Hepher | ) www.reuters.com + 0.00   time to read: +3 min
The logo of Airbus is seen at the entrance of a building in Toulouse, France, March 11, 2021. REUTERS/Stephane MahePARIS, June 23 (Reuters) - Regulators have called for more rigorous checks when pulling some Airbus (AIR.PA) jets out of pandemic storage, following flawed cockpit readings that can suggest blocked sensors. EASA first reported an "alarming" rise last August in the general number of cases of unreliable cockpit indications during the first flight of jets leaving storage. Airbus says it has set up a COVID-19 safety task force aimed at safely rebooting activities from airlines to factories. Boeing Co (BA.N) has previously said extensive preparations must be carried out to return jets to service from long-term storage.
Persons: Stephane Mahe, EASA, Tim Hepher, Matthew Lewis Organizations: Airbus, REUTERS, Stephane Mahe PARIS, Regulators, European Union Aviation Safety Agency, Boeing Co, Thomson Locations: Toulouse, France, Paris
Southwest Airlines CEO Gary Kelly, 66, will step down from his position and "transition roles" to become executive chairman, the company announced Wednesday. Robert Jordan, Southwest's executive vice president for corporate services will become the next CEO, starting Feb. 1 next year. Kelly has served as Southwest CEO since 2004, overseeing the airline's first international routes, the acquisition of AirTran Airways and bringing the Boeing 737 Max into its fleet. "I'm humbled, honored, and excited to be asked to serve as the next CEO," Jordan said. "The Heart of Southwest is our People; they make the difference for our Customers, and I look forward to serving them."
Persons: Gary Kelly, Robert Jordan, Bob, Kelly, Jordan, I'm Organizations: Southwest, AirTran Airways, Boeing, Max
Germany backs 1.4 bln euro purchase of Boeing maritime patrol aircraft - source
  + stars: | 2021-06-23 | by ( ) www.reuters.com sentiment -0.58   time to read: 1 min
A U.S. Navy Boeing P-8A Poseidon maritime patrol aircraft takes part in the Malta International Airshow at SmartCity Malta outside Kalkara, Malta, September 23, 2017. REUTERS/Darrin Zammit LupiBERLIN, June 23 (Reuters) - The German parliament's budget committee on Wednesday approved the 1.4 billion euro purchase of five Boeing P-8A maritime patrol aircraft, a parliamentary source said. The planes are designed for submarine hunting and conducting long-distance maritime reconnaissance. They will replace Germany's ageing fleet of Lockheed (LMT.N) P-3C Orion aircraft. Reporting by Sabine Siebold Editing by Hans Seidenstuecker and Madeline ChambersOur Standards: The Thomson Reuters Trust Principles.
Persons: Darrin Zammit Lupi, Sabine Siebold, Hans Seidenstuecker, Madeline Chambers Organizations: U.S . Navy Boeing, REUTERS, Boeing, Lockheed, Orion, Thomson Locations: Malta, SmartCity Malta, Kalkara, Darrin Zammit Lupi BERLIN
Southwest Airlines CEO Gary Kelly to step down
  + stars: | 2021-06-23 | by ( ) www.reuters.com + 0.57   time to read: +1 min
A Southwest Airlines Boeing 737-800 plane is seen at Los Angeles International Airport (LAX) in the Greater Los Angeles Area, California, U.S., April 10, 2017. REUTERS/Lucy NicholsonJune 23 (Reuters) - Southwest Airlines Co (LUV.N) said on Wednesday long-time Chief Executive Officer Gary Kelly will step down next year to become the executive chairman and will be succeeded by company veteran Robert Jordan. Kelly, 66, who became the CEO in 2004, has led Southwest through some of the airline industry's most turbulent times including the coronavirus crisis that hammered travel demand. Jordan, 60, joined the airline in 1988, and has served in roles including director of revenue accounting and corporate controller, among others. Reporting by Ankit Ajmera in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.
Persons: Lucy Nicholson, Gary Kelly, Robert Jordan, Kelly, Jordan, Southwest's, Ankit, Sriraj Organizations: Southwest Airlines Boeing, Los Angeles International Airport, Greater Los, REUTERS, Southwest Airlines Co, AirTran Airways, Boeing, Thomson Locations: Greater, Greater Los Angeles Area , California, U.S, Bengaluru
"The challenges more than anything are executing as we come out of the pandemic," Jordan told Reuters. A Southwest Airlines Boeing 737-800 plane is seen at Los Angeles International Airport (LAX) in the Greater Los Angeles Area, California, U.S., April 10, 2017. Rival United Airlines (UAL.O) last year named insider Scott Kirby to succeed Oscar Munoz to the top job. Kirby landed at United from American Airlines (AAL.O) in 2016 after the board passed over him as a potential leader. Isom is heir apparent to American Chief Executive Doug Parker.
Persons: Gary Kelly, Robert Jordan, Jordan, Kelly, Lucy Nicholson, We’ll, Scott Kirby, Oscar Munoz, Kirby, Robert Isom, Isom, Doug Parker, Ankit, Sriraj Organizations: Southwest Airlines Co, Southwest, Boeing Co, Reuters, AirTran Airways, Boeing, Southwest Airlines Boeing, Los Angeles International Airport, Greater Los, REUTERS, Rival United Airlines, United, American Airlines, Thomson Locations: Greater, Greater Los Angeles Area , California, U.S, Bengaluru
A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, U.S. June 29, 2020. For Boeing Chief Executive David Calhoun, that means seeing profits and market share slip to European rival Airbus SE (AIR.PA). But politics, practical problems such as visa and quarantine issues, and the Chinese aviation regulator's intense scrutiny have gradually sapped U.S. hopes of a quick solution, industry sources say. Boeing said it continued to work closely with CAAC and other regulators to return the MAX to service worldwide but declined to respond to specific questions from Reuters. CAAC, however, is known in the industry as the most conservative of the world's major aviation regulators.
Persons: Karen Ducey, Biden, David Calhoun, Bernstein, Calhoun, Scott Kennedy, CAAC, Feng Zhenglin, Norihiko Shirouzu, Stella Qiu, Jamie Freed, Eric M, Johnson, Tim Hepher, Gerry Doyle Organizations: Boeing, Boeing Field, REUTERS, BEIJING, West, MAX, Airbus, world's, Western, Commercial Aircraft Corporation of China, Seven, Communist, 20th Party Congress, Center for Strategic, International Studies, Civil Aviation Administration, China's, Reuters, U.S . Federal Aviation Administration, Thomson Locations: Seattle , Washington , U.S, China, United States, Europe, Beijing, U.S, Seattle, Western, Sydney
Gary Kelly, chief executive officer of Southwest Airlines Co., speaks during an event inside the new Southwest Airlines Co. international terminal at the William P. Hobby Airport in Houston, Texas. Southwest Airlines CEO and chairman Gary Kelly said Wednesday that he is stepping down as the company's chief executive and will be replaced by company veteran Robert Jordan next year. Kelly will hold the role of executive chairman until "at least" 2026, the company said. Kelly, 66, has been CEO since 2004, helming the Dallas-based airline during the financial crisis, a merger, the grounding of the Boeing 737 Max, and more recently, the Covid-19 pandemic. "My focus will be business and fleet strategies, governmental and airport affairs, and leading the Board of Directors."
Persons: Gary Kelly, William P, Robert Jordan, Kelly, I've, I'm Organizations: Southwest Airlines Co, Hobby, Southwest Airlines, Boeing Locations: Houston , Texas, Dallas, Jordan
(Refiles to show in paragraph five that date of Lion Air crash was in 2018 not 2019)WASHINGTON (Reuters) -A $500 million U.S. fund to compensate relatives of 346 people killed in two fatal Boeing 737 MAX crashes has opened, the claim administrators told Reuters on Tuesday. The fund, which opened on Monday, is part of a settlement with the U.S. Justice Department. The settlement allowed Boeing to avoid criminal prosecution but did not impact civil litigation by victims’ relatives that continues. The 737 MAX was grounded for 20 months after the two fatal crashes. Last month, Boeing agreed to pay a $17 million FAA fine after it installed equipment on more than 700 Boeing 737 MAX and NG aircraft that contained sensors that were not approved.
Persons: Ken Feinberg, Camille Biros, Feinberg, Biros, , Steve Dickson Organizations: Lion, Boeing, Reuters, U.S . Justice Department, Boeing Co, Lion Air, Ethiopian Airlines, Justice Department, Department, MAX, DOJ, FAA, NG Locations: WASHINGTON, Chicago
REUTERS/Paulo Whitaker/File PhotoSEATTLE/WASHINGTON, June 21 (Reuters) - Boeing Co (BA.N) announced on Monday that veteran lobbyist and political strategist Tim Keating, who helped navigate the U.S. planemaker through its worst-ever crisis following fatal 737 MAX crashes, has left the company but gave no reason. The U.S. planemaker came under intense scrutiny from lawmakers and regulators following fatal crashes of its 737 MAX jetliners in 2018 and 2019. The crashes plunged the company into its worst-ever crisis, one long-since compounded by the coronavirus pandemic. Keating is a forceful Washington insider whose deep knowledge of congressional process and politics helped him push through numerous campaigns since joining Boeing in 2008. Before Boeing, Keating was senior vice president of global government relations at Honeywell (HON.O), and chairman of the board at Washington lobbying firm Timmons and Company.
Persons: Paulo Whitaker, Tim Keating, Dave Calhoun, Marc Allen, Calhoun, planemaker, Loren Thompson, Keating, Thompson, Timmons, Bill Clinton, Eric M, Johnson, David Shepardson, Andrea Shalal, Muralikumar Organizations: Boeing, American Business Aviation Conference, Airport, REUTERS, SEATTLE, Boeing Co, Defense, Hornets, Navy, Marines, Air Force, Lockheed Martin Corp, U.S, Air, Airbus, KC, Honeywell, Company, Thomson Locations: Sao Paulo, Brazil, WASHINGTON, U.S, Washington, Seattle
Sanderson Farms (SAFM) – Sanderson Farms is exploring a possible sale, according to people familiar with the matter who spoke to The Wall Street Journal. Torchlight Energy Resources (TRCH) – Torchlight shares gained another 4.9% in premarket trading after soaring 58% in Monday's trading. The oil and gas producer is among the stocks getting increased social media attention on sites like Reddit and Stocktwits. Korn Ferry (KFY) – The consulting firm reported quarterly earnings of $1.21 per share, beating the consensus estimate of 98 cents a share. Plug Power shares gained 1.4% in premarket trading.
Persons: , Sanderson, – Sanderson, – Torchlight, Korn, Tim Keating, Keating, Angela Strand, – CrowdStrike Organizations: GameStop, Wall Street, Continental, Torchlight Energy Resources, European, Revenue, Boeing, – Boeing, Delta Air Lines, DAL, Lordstown Motors, Exxon Mobil, Bloomberg, Exxon, CNBC, Stifel Locations: Texas
BY THE NUMBERSIN THE NEWS TODAYSTOCKS TO WATCHTorchlight Energy Resources (TRCH) shares gained another 5% in premarket trading after a 58% surge in Monday's trading. The oil and gas producer is among the stocks getting increased social media attention on sites like Reddit and Stocktwits. No reason was given, though the company said a search is underway for a permanent replacement. Delta said that leisure travel is already back to pre-Covid levels and business travel is picking up as well. Shares gained 1.4% in premarket trading.
Persons: Tim Keating, Keating, Sanderson, Korn Organizations: Energy Resources, Boeing, Delta Air Lines, DAL, Lordstown Motors, Street, Continental, Revenue, Consulting, Exxon Mobil, Bloomberg, Exxon, CNBC Locations: Tuesday's, Texas
The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo WhitakerWASHINGTON, June 22 (Reuters) - A $500 million U.S. victim compensation fund for the relatives of 346 people killed in two fatal Boeing 737 MAX crashes opened Monday, the claim administrators told Reuters. The fund is part of a settlement with the Justice Department. The Justice Department and Boeing did not immediately comment. The settlement allowed Boeing to avoid criminal prosecution but did not impact civil litigation by victims’ relatives that continues.
Persons: Paulo Whitaker WASHINGTON, Ken Feinberg, Camille Biros, Feinberg, Biros, David Shepardson, Chizu Organizations: Boeing, American Business Aviation Conference, Airport, REUTERS, Reuters, Justice Department, Boeing Co, Lion Air, Ethiopian Airlines, Department, Lion, MAX, DOJ, FAA, Thomson Locations: Sao Paulo, Brazil, Chicago
American Airlines said it canceled hundreds of flights this weekend due to staffing shortages, maintenance and other issues, challenges facing the carrier as travel demand surges toward pre-pandemic levels. About 6% of the airline's mainline schedule, or 180 flights, were canceled on Sunday, according to flight-tracking site FlightAware. The airline said that equaled about 3% of its total flights, including those operated by regional carriers. Delta Air Lines canceled more than 300 flights last Thanksgiving weekend and scores of others during Christmas during a pilot shortage. Meanwhile, Southwest Airlines forecast its July capacity to be off just 3% from 2019, down from a 7% decline this month.
Persons: Sarah Jantz, Dennis Tajer, Tajer, Jantz Organizations: American Airlines, CNBC, Charlotte, Fort Worth International, Allied Pilots Association, Boeing, Delta Air Lines, Wing, United Airlines, Southwest Airlines Locations: Dallas
Taiwan welcomes U.S. vaccine aid, bolstering its COVID fight
  + stars: | 2021-06-21 | by ( Ann Wang | ) www.reuters.com + 0.00   time to read: +4 min
TAOYUAN, Taiwan, June 21 (Reuters) - Taiwan welcomed 2.5 million COVID-19 vaccine doses from the United States on Sunday as help from a true friend, more than doubling the major semiconductor-producing island's arsenal of shots as it deals with a cluster of domestic infections. The American Institute in Taiwan - the de facto U.S. embassy - said the donation reflected the U.S. commitment to Taiwan "as a trusted friend and an important security partner". Taiwan Centers for Disease Control/Handout via REUTERS Read MoreThe United States, like most countries, has no formal diplomatic ties with Taiwan, but is its most important international backer, to China's anger. Despite the pandemic, China has continued to pressure Taiwan militarily, seeking to assert its sovereignty. Only around 6% of Taiwan's 23.5 million people have received at least one of the two-shot coronavirus vaccine regimen.
Persons: Joe Biden's, Chen Shih, Brent Christensen, Tsai Ing, Biden, Tsai, Zhao Lijian, Ann Wang, Ben Blanchard, Cate Cadell, William Mallard, Jacqueline Wong Organizations: China Airlines, Boeing, Health, Moderna Inc, American Institute, U.S, Kuomintang, Taoyuan International, Taiwan Centers for Disease, REUTERS Read, AstraZeneca, Thomson Locations: TAOYUAN, Taiwan, United States, Washington, Beijing, Taoyuan, Taipei, U.S, Japan, China
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