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August 19, 2022 Retail
Bloomberg Walmart Inc surged the most in almost two years as a less-dire profit forecast signalled that the retail giant is finding its footing after slashing its outlook three weeks ago. Results improved more than expected in July thanks to robust back-to-school sales, lower fuel prices and more buying by wealthier customers seeking bargains, Walmart CEO Doug McMillon said. ...
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August 19, 2022 Aviation
Bloomberg Ryanair Holdings Plc is adding 500 flights to its autumn schedule from its base at London Stansted airport as the discount carrier looks to win more customers after Heathrow extended a cap on capacity. The extra flights will give Ryanair an additional 100,000 seats during the mid-term school holidays to destinations including Spain, Italy, Portugal and Greece, the ...
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August 19, 2022 Retail
Bloomberg Bed Bath & Beyond Inc, the struggling retailer turned meme-trader darling, skidded as much as 21% in postmarket trading after a top investor suggested he has soured on the stock. Ryan Cohen’s RC Ventures said in a filing with the US Securities and Exchange Commission that it might sell as much as 7.78 million shares of Bed Bath ...
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August 19, 2022 Politics, Uncategorized
Bloomberg Turkish President Recep Tayyip Erdogan and United Nations Secretary General Antonio Guterres met Thursday in Lviv, in western Ukraine, with Ukraine’s President Volodymyr Zelenskiy. Zelenskiy had discussions with each before tripartite talks started. Among the topics in Zelenskiy’s talks with Guterres was the situation at the Zaporizhizhia nuclear power plant, occupied by Russian forces since March and recently subject ...
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August 19, 2022 Politics
Bloomberg Estonia repulsed the largest wave of cyber attacks in over a decade as a pro-Kremlin hacking group retaliated to the government’s dismantling of a monument dedicated to Soviet World War II veterans. “Estonia was subject to the most extensive cyber attacks it has faced since 2007,†Luukas Ilves, Undersecretary for Digital Transformation, said on Twitter on Thursday. “Attempted ...
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August 19, 2022 Politics
Bloomberg Denmark will open an office in Rwanda as the Nordic country seeks to set up an asylum center outside of the European Union to reduce the number people seeking refuge. The office, which will be manned by two diplomats, will be based in the capital of Kigali, the Danish foreign ministry said in a statement on Thursday. In ...
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August 19, 2022 Politics, Uncategorized
ÂÂÂBloomberg Republican Representative Liz Cheney said she wants to lead a charge to break Donald Trump’s hold on the GOP, setting up a new political action committee and saying she’s considering a run for president. After being trounced in Wyoming’s GOP primary by Trump-backed conservative lawyer Harriet Hageman, Cheney said she would do “whatever it takes†to block the ...
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August 19, 2022 Politics
ÂÂÂBloomberg Cuba is seeing its biggest exodus to the US in decades following a series of economic body blows that have worsened shortages and power blackouts. Border officials have encountered nearly 178,000 people fleeing the communist-run Caribbean nation of 11 million so far this fiscal year, according to US government data through July. Most are coming by land, after ...
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August 19, 2022 International News, Uncategorized
Bloomberg The UK temporarily pauses overseas development aid that is not deemed critical because of concerns about rising pressure on government budgets, people familiar with the matter said. The Foreign Office informed some staff a freeze is necessary because crises including Russia’s war in Ukraine have led to additional expenditure that means the government is in danger of overspending, ...
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August 19, 2022 International News, Real Estate, Uncategorized
Bloomberg New US home construction fell in July by more than forecast to the slowest pace since early last year as builders adjusted to a pullback in demand and a pickup in the inventory. Residential starts dropped 9.6% last month to a 1.45 million annualised rate from a revised 1.6 million pace in June, according to government data. The ...
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