August, 2022

• 19 August

  Ryanair ramps up UK october capacity, citing Heathrow cap

    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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• 19 August

  Bed Bath & Beyond stock plunges

    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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• 19 August

  UN chief meets Zelenskiy with focus on grain exports, N-plant

  

  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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• 19 August

  Estonia repels cyber attacks as pro-Kremlin group takes credit

    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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• 19 August

  Denmark opens Rwanda office as part of asylum center plan

  

    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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• 19 August

  Liz Cheney prepares for next act in GOP where Trump holds sway

  

    ­­­Bloomberg 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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• 19 August

  More people are fleeing Cuba now than during 1980 and 1994 crises

  

    ­­­Bloomberg 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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• 19 August

  UK halts overseas development aid amid overspend concerns

  

    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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• 19 August

  US housing starts decline to lowest level since early 2021

  

    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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• 19 August

  Canadian inflation cools

    Bloomberg Consumer price inflation cooled as gasoline prices fell by the most since the start of the pandemic, though underlying price pressures will likely push the Bank of Canada to continue delivering aggressive rate hikes. The consumer price index rose 7.6% in July from a year earlier, Statistics Canada reported in Ottawa. The inflation gauge increased 0.1% from a ...

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