August, 2022

• 30 August

  Nasa scrubs first test flight of moon rocket after engine fault

  

  Bloomberg Nasa delayed the debut launch of its new massive rocket due to an issue with one of its engines, dealing a temporary blow to the space agency’s plan to return to the lunar surface. With Vice President Kamala Harris in attendance at Florida’s Kennedy Space Center and a global audience watching online, the uncrewed Artemis I mission was called ...

  Read More »
• 30 August

  Air France pilots fired over cockpit brawl

    Bloomberg Two Air France pilots were suspended after coming to blows in the cockpit of an Airbus jetliner during a flight between Geneva and Paris, latest safety issue to plague the airline. The mid-air dispute occurred in June, according to a spokeswoman for the carrier, who confirmed a report by La Tribune newspaper. The incident was resolved quickly, and ...

  Read More »
• 30 August

  Putin’s Russia seeks to sow war fatigue, says Zelenskiy

  

  Bloomberg Ukrainian President Volodymyr Zelenskiy accused Russia of trying to create a global sense of fatigue about its invasion, including by restricing the flow of gas to drive energy prices higher. The European Union is working on “an emergency intervention and a structural reform of the electricity market” to drive down spiking power prices, according to Ursula von der Leyen, ...

  Read More »
• 30 August

  IAEA team to inspect Ukraine’s Zaporizhzhia nuclear plant this week

    Bloomberg International Atomic Energy Agency Director General Rafael Mariano Grossi will lead an inspection of the Russian-occupied Zaporizhzhia nuclear power plant in Ukraine this week, he said in a statement on Twitter. The visit to Europe’s biggest nuclear power station will take place amid almost-daily reports of new shelling and damage to infrastructure surrounding its six reactors. A document ...

  Read More »
• 30 August

  Georgia’s Kemp must testify in Trump election probe, judge says

    Bloomberg Georgia Governor Brian Kemp must testify before a grand jury investigating former President Donald Trump’s actions after his 2020 loss to Joe Biden, but not until after he faces his own election later this year, a Fulton County Superior Court judge ruled. Judge Robert McBurney on Monday rejected a claim by Kemp’s attorneys that he was immune as ...

  Read More »
• 30 August

  Bolsonaro, Lula clash in stormy head-to-head Brazil debate

  

  Bloomberg Former President Luiz Inacio Lula da Silva and incumbent Jair Bolsonaro had their first in-person confrontation of Brazil’s election campaign during a stormy televised debate that set the tone of the contest with five weeks to go. The two front-runners didn’t waste any time before attacking each other, with Bolsonaro branding Lula’s government “the most corrupt in history” and ...

  Read More »
• 30 August

  China imposes fresh lockdown as summit looms

  

    Bloomberg China is enforcing lockdown restrictions in areas around Beijing more intensively, and will mass test the nearby port city of Tianjin, stepping up its quest to wipe out Covid-19 ahead of a key meeting of the Communist Party’s top leaders. The moves come even as China’s latest wave shows signs of easing, with 1,556 new infections nationwide reported ...

  Read More »
• 30 August

  Australia PM defends tax cuts in speech at 100 days in power

    Bloomberg Australian Prime Minister Anthony Albanese stood by tax cuts estimated to cost the budget billions in revenue and promised his government would undertake “reform and renewal” in the wake of the Covid-19 pandemic. Taking questions after a speech in Canberra on Monday to mark 100 days since he took the top job, Albanese defended his decision to keep ...

  Read More »
• 30 August

  ECB sets stage for another big hike with jumbo move possible

  

    Bloomberg The European Central Bank (ECB) is prepared to at least repeat the half-point increase in interest rates it delivered last month, with an even bigger move not to be excluded as inflation nears yet another record. That’s the message from ECB officials who joined the Federal Reserve’s annual Jackson Hole symposium, which wrapped up Saturday. Fed Chair Jerome ...

  Read More »
• 30 August

  China’s AgBank sees 5.4% jump in profits

  

    Bloomberg Agricultural Bank of China Ltd, the nation’s third-largest bank by assets, said it’s facing 1.23 billion yuan ($178 million) in overdue loans, nearly double a previous estimate, from a mortgage boycott on unfinished projects that has swept the country. After reporting a small gain in earnings on Monday, the Beijing-based lender revealed that the overdue loans are linked ...

  Read More »