Bloomberg Shares of e-commerce companies fell sharply, with several seeing their steepest declines in months, after Amazon.com Inc’s weaker-than-anticipated sales damped the outlook for other retailers. Amazon shares fell as much as 8.1%, their biggest one-day intraday drop since May 2020. That came after its revenue lagged forecasts for the first time since 2018, according to data compiled by Bloomberg, ...

Bloomberg Boeing Co earned a profit for the first time in nearly two years, surprising Wall Street and hinting at a budding turnaround after one of the worst financial crises in the planemaker’s century-long history. The shares jumped. Adjusted earnings of 40 cents a share weren’t the only sign of progress in the company’s second-quarter financial results. In addition, the ...

Bloomberg Britain’s aviation regulator will now oversee space, gearing up for what’s expected to be a surge in missions as the cost of commercial launches tumbles. The Civil Aviation Authority will take on the role immediately and accept applications from any company that wants to operate under a UK space license, it said. Potential customers include satellite firms and spaceflight ...

Bloomberg Dole Plc, the world’s largest produce company, fell 9.4% in its trading debut after delaying and downsizing its US initial public offering to raise $400 million. Share’s of Dublin-based Dole, which sold at the bottom of a lowered range for $16 in the IPO, opened trading at $15 and closed at $14.50 in New York trading, giving the company ...

Bloomberg The final session for Malaysia’s special parliament sitting on Monday has been postponed indefinitely because of an outbreak of Covid cases, likely easing pressure on embattled Prime Minister Muhyiddin Yassin amid mounting calls for him to resign. The deferment follows an assessment by the health ministry, which found the parliament building to be at risk of a spread in ...

Bloomberg Myanmar’s military regime said it’s forming a caretaker government and will install army chief Min Aung Hlaing as premier, further entrenching the junta six months it seized power in a coup. The state of emergency — set for a year when the regime took over in February — could be extended through August 2023, the senior general said in ...

Bloomberg Support for New Zealand Prime Minister Jacinda Ardern’s Labour Party has slipped by almost 10 percentage points amid increasing scrutiny of the government’s response to the coronavirus, according to a poll by Newshub-Reid Research. Labour’s support fell to 43% compared with a May survey, while New Zealand National Party’s backing rose to almost 29% and ACT Party’s increased to ...

Bloomberg House Speaker Nancy Pelosi’s bid for a last-minute extension of an eviction moratorium for renters collapsed, leaving millions of Americans at risk of losing their homes after the ban lifts on Saturday. Pelosi’s efforts, coming on the heels of a public plea made Thursday morning by President Joe Biden, marks a rare political defeat for the speaker, who has ...

Bloomberg Chancellor Rishi Sunak has urged an easing of the UK’s travel restrictions, which he said are damaging the country’s tourism industry and overall economy. Sunak wrote of his concerns to Prime Minister Boris Johnson before ministers are due to discuss August travel guidelines this week, the Sunday Times reported. In the letter, Sunak said UK border policy was out ...

Bloomberg The sister of North Korean leader Kim Jong-un said planned joint military exercises between South Korea and the US will “cloud” inter-Korean relations, Yonhap News Agency reported. North Korea will “closely watch” if South Korea goes ahead with the drills, report said, citing a statement from Kim Yo Jong via the Korean Central News Agency. Kim Jong-un and South ...