Thursday , 21 May 2026

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Thailand passes $93bn budget as outlook dims

Bloomberg Thailand’s parliament approved the nation’s annual budget that seeks to ramp up spending on tackling the Covid-19 outbreak while slashing outlays for defense and education with the government revenue coming under pressure from a worsening growth outlook. The 3.1 trillion baht ($93 billion) spending plan for the fiscal year starting October 1 received the backing of 257 lawmakers. A …

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Amazon’s $267b summer wipeout tests Wall Street

Bloomberg It’s rare to see just about everyone on Wall Street agree on something, but that’s the case when it comes to Amazon.com. Every single analyst who rates the stock — all 55 of them — recommends clients buy it, according to Bloomberg data. Active fund managers “are even more overweight” the name now than they were a year ago, …

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Avelo targets East Coast with New Haven-Florida flights

Bloomberg Avelo Airlines is expanding to the East Coast with service connecting four Florida cities with New Haven, Connecticut, in a bid to entice customers tired of trekking to airports in New York and Boston. Flights to Orlando begin on November 3, followed within days by service to Fort Lauderdale, Tampa and Fort Myers, Avelo said. The startup plans to …

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