Bloomberg Amazon.com Inc showed its e-commerce and cloud-computing businesses can churn out revenue even as consumers worry about inflation and the company gets serious about curtailing expenses. Investors sent shares up more than 12% in pre-market trading. Amazon reported second-quarter sales that topped analysts’ estimates and gave a revenue forecast for as much as 17% growth in the current period. ...

  Bloomberg Air France-KLM plans to raise capacity closer to 2019 levels by the end of the year, later than previously expected after battling soaring demand in the peak summer season. The Franco-Dutch carrier will operate 80% to 85% of pre-pandemic flight volumes during the current period, a drop from the up to 90% forecast in May. It’s planning to ...

  Bloomberg Asda has slashed the price of petrol after months of criticism that supermarkets have been keeping prices too high. Asda has knocked 5 pence (6 cents) per liter off the price of unleaded fuel and 3 pence per liter off diesel, the retailer said in an emailed statement. This brings the price down to on average 174 pence ...

Bloomberg China held live-fire military drills in the Taiwan Strait on Saturday as US House Speaker Nancy Pelosi prepared to arrive in Asia. The exercises took place off the coast of Fujian province opposite Taiwan. A warning issued by the local maritime safety agency said the drills would be conducted near Pingtan, a county about 130 kilometers (81 miles) from ...

Bloomberg The first ship to export Ukrainian grain since an agreement was reached for the safe transit of vessels may depart as soon as Monday, President Recep Tayyip Erdogan’s spokesman Ibrahim Kalin said. “There are a few hitches, a few issues being discussed with the Russians,” Kalin said in an interview with Kanal 7 TV channel on Sunday, adding that ...

Bloomberg Whatever else is on Americans’ minds — and that’s a long list right now — the state of the economy looms large in any US election. That spells big trouble for Democrats in November’s midterm vote. A new study by Bloomberg Economics takes one gauge with a knack of predicting ballot outcomes and projects it forward through election day. ...

  Bloomberg The acting leader of South Korea’s ruling party offered to resign over in-fighting in the People Power Party, adding to the growing woes for new President, Yoon Suk Yeol, whose approval ratings have plunged to historic lows. “Our party is currently facing a grave crisis,” Kweon Seong-dong, the acting leader of the People Power Party, said in his ...

  Bloomberg Fidel Ramos, the former Philippine president who was head of the national police under Ferdinand Marcos before defecting and joining the “People Power” protests that ousted the dictator in 1986, has died. He was 94. Ramos’ family announced his passing in a statement on Sunday, without giving a cause of death. He died of complications from Covid-19, according ...

  Bloomberg The US is poised to deliver a bumper spring wheat crop in the upcoming weeks, which if realized could help relieve global shortfalls caused by turmoil in the Black Sea. Fields in North Dakota, the top producing US state, are forecast to yield a record high 49.1 bushels per acre of the grain, according to the final estimate ...

Bloomberg Canada’s economic expansion showed signs of moderating in May and June, pulling back from a strong start to the year in the face of high inflation and rising interest rates. Output in June was on track for a small increase of 0.1% after stalling in May, Statistics Canada said. That follows three months of better growth between February and ...