Bloomberg Singapore carried out its fifth execution for drug-related crimes in less than four months, Amnesty International said, while neighbors Malaysia and Thailand move to relax punishments for similar offenses. Nazeri bin Lajim was hanged Friday for possession of 33.4 grams (1.2 ounces) of heroin a decade ago, the rights group said, as Singapore continued to press ahead with ...

Bloomberg An international deal to restart grain exports from Ukraine’s Black Sea ports that have been blocked since Russia’s invasion is expected to be signed Friday, potentially easing concerns of a global food crisis. The agreement could help revive the crops trade from one of the world’s biggest wheat, corn and vegetable-oil exporters. However, it is unclear how the deal ...

  Bloomberg Russia and China’s deepening military cooperation that has included joint air and navy drills is raising security concerns in the region, Japan said in its first annual defense report issued since Moscow invaded Ukraine. In the report released Friday, the Defense Ministry detailed renewed concerns about the security of Taiwan, which China sees as territory that must be ...

  Bloomberg The European Union ramped up its legal campaign against the UK over breaches to the Brexit deal, days after legislation allowing Britain to scrap parts of the Northern Ireland protocol cleared the House of Commons. On Friday, the European Commission launched four additional infringement proceedings against the UK, claiming the government had failed to comply with customs and ...

Bloomberg The UK government is borrowing billions of pounds more than forecast as soaring inflation drives up the cost of servicing the national debt. Official figures showed the budget deficit totalled £22.9 billion ($27.5 billion) in June, up more than 20% compared with the same month last year. It left the gap in the first three months of the fiscal ...

Bloomberg Applications for US state unemployment insurance rose for a third week to the highest since November as more companies announce job cuts, suggesting some softening in the labour market. Initial unemployment claims increased by 7,000 to 251,000 in the week ended July 16, Labour Department data showed. The figures coincide with the reference period for the July jobs report ...

  Bloomberg Tesla Inc has been going through “supply chain hell,” but Elon Musk believes the electric-car maker stands a chance of emerging from it in the second half of the year. The chief executive officer tempered his optimism while discussing Tesla’s better-than-expected earnings, emphasising how challenging it’s been to secure parts and materials. Tesla sold roughly 75% of its ...

  Bloomberg Twitter Inc reported disappointing second-quarter sales on Friday, another blow to a company that is already fighting a high-profile legal battle with Elon Musk over the fate of the social network. Revenue falls 1% in the quarter from a year earlier, its first annual decline since the middle of the pandemic in 2020. Sales totaled $1.18 billion in ...

  Bloomberg AutoNation Inc shrugged off a sales decline to post record profit in the second quarter as US prices for new vehicles soar. The nation’s largest auto dealer chain said earnings were $6.48 a share during the period, up 34% from a year earlier and beating analyst estimates. Revenue fell 2% to $6.9 billion and just missed the consensus ...

Bloomberg US social-media giants were poised to see more than $76 billion wiped off their stock-market values on Friday after disappointing revenue from Snap Inc raised concerns about the outlook for online advertising. The Snapchat parent plummeted as much as 30% in premarket trading. Meanwhile, Facebook parent Meta Platforms Inc falls 4.8%, Google owner Alphabet Inc declined 2.8%, Twitter Inc ...