Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
Gluskin Sheff's David Rosenberg reinforces his recession forecast following the Federal Reserve's September meeting.Futures Nowread more
"This would be the most profound violation of the presidential oath of office certainly during this presidency," House Intelligence Chair Adam Schiff said.Politicsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
* Airbus seeks backing from airline leaders in dispute with Boeing
* First time either co has sought to involve industry directly
* Delta Air has said it opposes U.S. tariff threats (Adds Delta CEO comment)
SEOUL, June 2 (Reuters) - Airbus has written to airline leaders to appeal for their backing in a trade dispute with rival Boeing, warning of higher aircraft prices and passenger fares if the United States and European Union descend into a tariff war.
The appeal was issued in a letter to several airline bosses meeting in Seoul where the International Air Transport Association (IATA) has warned of the impact of broader global trade tensions, a person familiar with the issuance of the letter told Reuters.
The United States and Europe have been locked in a 15-year spat over mutual claims of illegal aid to plane giants.
U.S. President Donald Trump threatened last month to impose tariffs on $11 billion of European goods including planes and their parts, prompting the European Union to propose a list of $20 billion worth of U.S. imports it could hit in retaliation.
"If the tariffs are applied, the effects would include greatly increased costs to U.S. and European airlines, aerospace suppliers and manufacturers," Airbus sales chief Christian Scherer said in the text of the letter seen by Reuters.
It asked airlines to "urge Boeing to enter into the negotiations proposed by the EU and Airbus".
Airbus and Boeing had no immediate comment.
It is the first time either company has sought to directly involve the airline industry in the dispute, which is the largest ever handled by the World Trade Organization.
U.S. carrier Delta Air Lines has said it opposes the U.S. tariff threats, saying they harm U.S. interests.
Speaking to reporters in Seoul, Delta CEO Ed Bastian said: "We're a large Boeing customer, we're a large Airbus customer. Tariffs ... would inflate the cost of investment in the aircraft, obviously we're going to be concerned."
Delegates at the IATA talks said airlines would weigh carefully whether to step directly into the aircraft dispute which has laid bare intense competition for plane orders and which has cost the warring parties tens of millions of dollars.
But IATA, which groups 290 airlines representing 82 percent of global traffic, is expected to express growing concerns about a worsening pattern of global trade tensions which has already depressed cargo business and threatens some passenger demand.
(Reporting by Tim Hepher, additional reporting by Tracy Rucinski; Editing by Chris Reese and Himani Sarkar)