An Emirates A380. Photo: Mikhail Tereshchenko/TASS/Getty Images

Airbus will cease production of its 800-passenger, double-decker A380, the world's largest passenger jet, in 2021 after just 12 years in service, Bloomberg reports.

Why it matters: Airlines around the world have gravitated toward smaller, more fuel-efficient planes, and Airbus became increasingly reliant on a single customer, Emirates, to keep the A380 afloat. The company said as many as 3,500 jobs will be affected by the decision to end production.

Go deeper: Airbus may stop making the A380

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Updated 10 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 11 p.m. ET: 19,511,596 — Total deaths: 724,590 — Total recoveries — 11,876,387Map.
  2. U.S.: Total confirmed cases as of 11 p.m. ET: 4,995,369 — Total deaths: 162,461 — Total recoveries: 1,643,118 — Total tests: 61,080,587Map.
  3. Politics: Trump signs 4 executive actions on coronavirus aid — Democrats slam Trump, urge GOP to return to negotiations
  4. Public health: Fauci says chances are "not great" that COVID-19 vaccine will be 98% effective — 1 in 3 Americans would decline COVID-19 vaccine.
  5. Science: Indoor air is the next coronavirus frontline.
  6. Schools: How back-to-school is playing out in the South as coronavirus rages on — Princeton, Johns Hopkins, Howard to hold fall classes online.

Trump signs 4 executive actions on coronavirus aid

President Trump speaking during a press conference on Aug. 8. Photo: Jim Watson/AFP via Getty Images

President Trump on Saturday signed four executive actions to provide relief from economic damage sustained during the coronavirus pandemic after talks between the White House and Democratic leadership collapsed Friday afternoon.

Why it matters: Because the Constitution gives Congress the power to appropriate federal spending, Trump has limited authority to act unilaterally — and risks a legal challenge if congressional Democrats believe he has overstepped.

10 hours ago - World

What's next for Lebanon after the Beirut explosion

Photo: Houssam Shbaro/Anadolu Agency via Getty Images

Beirut residents are still clearing rubble from streets that appear war-torn, days after a blast that shocked the country and horrified the world.

Why it matters: The explosion is likely to accelerate a painful cycle Lebanon was already living through — discontent, economic distress, and emigration.