President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
LOS ANGELES, April 13 (Reuters) - The world's largest aircraft took off over the Mojave Desert in California on Saturday, the first flight for the carbon-composite plane built by Stratolaunch Systems Corp, started by late Microsoft co-founder Paul Allen, as the company enters the lucrative private space market.
The white airplane called Roc, which has a wingspan the length of an American football field and is powered by six engines on a twin fuselage, took to the air shortly before 7 a.m. Pacific time (1400 GMT) and stayed aloft for more than two hours before landing safely back at the Mojave Air and Space Port as a crowd of hundreds of people cheered.
"What a fantastic first flight," Stratolaunch Chief Executive Officer Jean Floyd said in a statement posted to the company's website.
"Todays flight furthers our mission to provide a flexible alternative to ground launched systems, Floyd said. "We are incredibly proud of the Stratolaunch team, todays flight crew, our partners at Northrup Grummans Scaled Composites and the Mojave Air and Space Port."
The plane is designed to drop rockets and other space vehicles weighing up to 500,000 pounds at an altitude of 35,000 feet and has been billed by the company as making satellite deployment as "easy as booking an airline flight."
Saturday's flight, which saw the plane reach a maximum speed of 189 miles per hour and altitudes of 17,000 feet, was meant to test its performance and handling qualities, according to Stratolaunch.
Allen, who co-founded Microsoft with Bill Gates in 1975, announced in 2011 that he had formed the privately funded Stratolaunch.
The company seeks to cash in on higher demand in coming years for vessels that can put satellites in orbit, competing in the United States with other space entrepreneurs and industry stalwarts such as Elon Musks SpaceX and United Launch Alliance - a partnership between Boeing and Lockheed Martin.
Stratolaunch has said that it intends to launch its first rockets from the Roc in 2020 at the earliest. Allen died in October 2018 while suffering from non-Hodgkins' lymphoma, just months after the plane's development was unveiled.
"We all know Paul would have been proud to witness todays historic achievement," said Jody Allen, Chair of Vulcan Inc and Trustee of the Paul G. Allen Trust. "The aircraft is a remarkable engineering achievement and we congratulate everyone involved." (Reporting by Dan Whitcomb; editing by Grant McCool)