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South China Morning Post
3 hours ago
- South China Morning Post
Boeing delivers 1st plane to China in Trump tariff war reprieve
Boeing delivered its first aircraft to a Chinese airline customer since US President Donald Trump unleashed a wave of tariffs in early April, a sign of rapprochement as Washington and Beijing look to ease tensions. A Juneyao Air 787-9 Dreamliner took off from Paine Field north of Seattle on Friday, headed for Shanghai Pudong International Airport, according to Flightradar24 data. The airline had scuttled earlier plans to take the widebody aircraft after China ratcheted up duties in retaliation for the US levies. Representatives of Juneyao and Boeing declined to comment. The delivery is a boost for Boeing's carbon-fibre jet at a time when company executives are grappling with the aftermath of an Air India 787 crash that killed all but one of the 242 people on board. It reopens, for now, a pipeline of 50 aircraft designated for China this year. Deliveries are closely watched because that is when airlines hand over the bulk of the payment for a new aircraft.
South China Morning Post
5 hours ago
- South China Morning Post
Who is Lili Buffett? Warren Buffett's granddaughter-in-law is a fashion-forward finance executive who's been dedicated to humanitarian causes since her university days
The world's fifth richest person (at the time of writing), Berkshire Hathaway CEO Warren Buffett , is well known for his philanthropy. Earlier this year, the 94-year-old announced plans to donate over 99 per cent of his US$152.8 billion fortune to a charitable trust that his three children – Susie, Howard and Peter Buffett – will be in charge of. The Buffett siblings have been tasked with allocating the money to charities of their choosing within 10 years of their father's death. Warren Buffett, pictured in 2018, has been CEO of Berkshire Hathaway since 1970. Photo: Reuters Given the importance Buffett places on giving back to society, it is no surprise that his grandchildren and their partners are following in his footsteps. An example of this is his granddaughter-in-law Lili Buffett, wife of Howard Buffett's son, Howard Warren Buffett. Advertisement Here's everything to know about Lili Buffett. What does she do for work? Warren Buffett's granddaughter-in-law Lili Buffett is vice-president of investor relations at alternative asset manager Power Sustainable. Photo: @lilibuffett/Instagram Lili Buffett grew up in Miami before moving to New York for university. She studied economics and philosophy at Columbia University, where her husband is now a professor. She works as vice-president of investor relations at Power Sustainable – a sustainability-focused alternative asset management company headquartered in New York – having previously worked at JPMorgan Chase , the largest bank in the US. Lili says that in her role, she 'cultivates deep, long-term partnerships with institutional investors, philanthropic families, and foundations aligned with Power Sustainable's mission to catalyse capital towards global clean energy and infrastructure solutions'. Her philanthropic ventures Lili Buffett serves on the Advisory Board of the Smithsonian National Zoo and Conservation Biology Institute. Photo: @lilibuffett/Instagram Since her university days, Lili Buffett has been dedicated to humanitarian causes such as alleviating poverty, eradicating gender inequality and making healthcare universally accessible. She served on the Goalkeepers Advisory Board for the Bill & Melinda Gates Foundation until late 2022, and currently serves on the Advisory Board of the Smithsonian National Zoo and Conservation Biology Institute. The 39-year-old has also long advocated for achieving the United Nations' Sustainable Development Goals.
The Standard
10 hours ago
- The Standard
US stocks open lower as Israel-Iran conflict hits risk appetite
A Wall Street sign hangs in front of a U.S. Flag outside the New York Stock Exchange (NYSE). REUTERS/Andrew Kelly/File Photo
