BEINGFACTFUL

ta-ad-format="auto"> eight="266" > China's defense ministry said Saturday that Chinese authorities have decided to return a US underwater drone it seized in international waters earlier in the week, saying the US had "hyped up" the issue. Beijing's statement comes soon after President-elect Donald Trump weighed in on the matter, calling China's action "unprecedented." "Upon confirming that the device was a US underwater drone, the Chinese side decided to transfer it to the US side in an appropriate manner," Chinese Defense Ministry spokesman Sr. Col. Yang Yujun said. "China and the United States have been communicating about this process. It is inappropriate -- and unhelpful for a resolution -- that the US has unilaterally hyped up the issue. We express our regret over that." The statement added that the US "has been frequently deploying ships and aircraft to conduct close-in surveillance an...

The president-elect has a new approach to dealing with corporate America. It is not all good news HIS inauguration is still six weeks away but Donald Trump has already sent shock waves through American business. Chief executives—and their companies’ shareholders—are giddy at the president-elect’s promises to slash burdensome regulation, cut taxes and boost the economy with infrastructure spending. Blue-collar workers are cock-a-hoop at his willingness to bully firms into saving their jobs.  In the past few weeks, Mr Trump has lambasted Apple for not producing more bits of its iPhone in America; harangued Ford about plans to move production of its Lincoln sports-utility vehicles; and lashed out at Boeing, not long after the firm’s chief executive had mused publicly about the risks of a protectionist trade policy. Most dramatically, Mr Trump bribed and cajoled Carrier, a maker of air-conditioning units in Indiana, to change its plans and keep 800 jobs in the state rather...