July, 2022

• 21 July

  China tech stocks gain on renewed bets of crackdown ending

  

    Bloomberg Chinese tech stocks advanced following a report that regulators are wrapping up an investigation into Didi Global Inc with a hefty fine, with traders again hoping this will herald an end to a crackdown on the sector. The Hang Seng Tech Index gained 1.6%, with Meituan and NetEase Inc contributing the most to the rise. The move also …

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• 20 July

  World Bank: G-20 debt-relief delay will worsen poverty

    Bloomberg A lack of progress by the world’s largest economies to reduce the debt burden of the poorest nations as borrowing costs increase will cause worsening poverty rates and instability, World Bank Group President David Malpass said. “Debt relief is of major importance for the world because the interest rates are going up,” Malpass said in an interview on …

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• 20 July

  Boeing gets boost with Delta order for workhorse aircraft

  

    Bloomberg Boeing Co announced a firm order for 100 of its 737 Max 10 jetliners from Delta Air Lines Inc, its opening salvo at the Farnborough Airshow that the US planemaker hopes will provide a boost after it fell behind arch-rival Airbus SE. The purchase includes an option for 30 additional jets, the companies announced at the event. Should …

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• 20 July

  Amazon’s sites probed for likely ‘safety hazards’

  

  Bloomberg Amazon.com Inc warehouses near New York City, Chicago and Orlando were inspected by federal investigators as part of a probe into potential worker safety hazards. Investigators from the Department of Labor’s Occupational Safety and Health Administration visited the sites on referrals from federal prosecutors in Manhattan, said Nicholas Biase, a spokesman for US Attorney Damian Williams. Amazon for years …

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• 20 July

  Scandinavia’s airline reaches deal to end ‘devastating’ strike

  

    Bloomberg SAS AB reached a deal with pilots to end a 15-day strike, allowing the airline to gradually resume normal operations at one of the busiest times of year for travel. The 5 1/2 year agreement will also allow SAS to move ahead with financing talks after it filed for bankruptcy protection in the US earlier in July, the …

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• 20 July

  Virgin Atlantic to trial flying taxis at London Heathrow hub

  

  Bloomberg Virgin Atlantic Airways Ltd will carry out test flights using a flying taxi model from UK startup Vertical Aerospace Ltd as the futuristic technology moves closer to becoming a reality. Virgin will operate one flight from the main airport in Bristol, England, where Vertical is based, to an airfield elsewhere in the southwest, according to a joint statement. A …

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• 20 July

  Air Lease in advanced talks for large A320neo jet order

    Bloomberg Air Lease Corp, the biggest aircraft financier in the US, is close to placing a large order for Airbus SE A320neo family jets as it looks to lock in planes amid constrained supply, according to people familiar with the matter. The Los Angeles-based lessor may announce a deal for dozens of jets at the Farnborough International Airshow, the …

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• 20 July

  7-Eleven Malaysia mulls selling Caring

    Bloomberg Convenience store operator 7-Eleven Malaysia Holdings Bhd is weighing exiting its pharmacy chain, according to people with knowledge of the matter. The Kuala Lumpur-listed company is working with an adviser on the potential divestment of Caring Pharmacy Group Bhd, which is attracting interest from some Japanese parties, the people said. The company could seek a valuation for the …

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• 20 July

  SoftBank pauses talks for Arm IPO in London amid UK turmoil

  

    Bloomberg SoftBank Group Corp has temporarily paused talks about listing shares of its chips division, Arm Ltd., in London because of turmoil in the UK government, while it continues to pursue an initial public offering (IPO) for the business in New York, according to people familiar with the matter. SoftBank founder Masayoshi Son has repeatedly said his primary focus …

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• 20 July

  US stock futures climb

  

  Bloomberg US equity futures advanced as investors assessed the outlook for corporate earnings and global growth amid Europe’s deepening energy crisis. The dollar falls against all its group of 10 peers. Contracts on the Nasdaq 100 and S&P 500 climbed 0.9% after early-week gains unravelled on Apple Inc’s plans to slow hiring to brace for a potential economic downturn. The …

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