August, 2022

• 5 August

  JetBlue tumbles in Q2 as fuel costs drive loss

  

    Bloomberg JetBlue Airways Corp reported a second-quarter loss that missed Wall Street’s expectations as high fuel prices kept operating expenses elevated ahead of the carrier’s planned purchase of deep discounter Spirit Airlines Inc. The carrier’s shares fell after it said total costs soared 89% in the quarter to $2.56 billion, including $910 million spent on fuel. JetBlue is starting ...

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• 5 August

  Iceland using its volcanic eruption to lure tourists

    Bloomberg As volcanic activity in Iceland started, the country’s tourism industry kicked into high gear, grasping an opportunity to revive the business after the pandemic had banished most visitors from the Atlantic island for more than two years. With reports emerging of sightings of lava, the shares of Icelandic airlines Icelandair hf and Fly Play, which flies under the ...

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• 5 August

  Just Eat unveils rapid delivery hub in Berlin

    Bloomberg Just Eat Takeaway.com has launched its own service offering rapid delivery of grocery and convenience items in Berlin, pulling the firm deeper into an already crowded market. Just Eat’s so-called ‘dark store’ will target a delivery time of around 20 minutes and offer consumers more than 1,000 items from fresh produce to baby products under its local Lieferando ...

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• 5 August

  Buyers embrace change on supply chain issues: Study

    Gulf Time / London While 2022 started with Covid-19 raging in some parts of the world, new problems have emerged that again challenge retail buyers of consumer-packaged goods. Supply chain issues were the focus of the second quarter, along with the emergence of inflationary pressures. Health and healthier food categories sit beside convenience foods on the most searched lists ...

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• 5 August

  China fires ballistic missiles near Taiwan in biggest test in decades

  

  Bloomberg China fired its largest missile tests in Taiwan’s waters in decades, the day after US House Speaker Nancy Pelosi defied Beijing by visiting the self-ruled island it claims as its own. The People’s Liberation Army fired 11 Dongfeng ballistic missiles into waters north, east and south of Taiwan between 13:56 p.m. and 16:00 p.m. local time Thursday, the island’s ...

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• 5 August

  Taliban say unaware of al-Qaeda leader’s presence in Kabul

  

  Bloomberg Top Taliban officials didn’t know al-Qaeda leader Ayman al-Zawahiri was hiding in Afghanistan, a spokesman said, and an investigation is underway to check the veracity of US claims he was killed in an American airstrike in the capital Kabul over the weekend. “The government and the leadership wasn’t aware of what is being claimed,” Suhail Shaheen, the head of ...

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• 5 August

  US Senate ratifies Nato membership for Finland, Sweden

    Bloomberg The US Senate ratified adding Sweden and Finland to the North Atlantic Treaty Organization, a move intended to bolster the military alliance after Russia’s invasion of Ukraine. The vote was 95-1, far exceeding the two-thirds majority required for the approval of treaties. If the ascension wins approval from all current members of the alliance, Finland will join Estonia, ...

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• 5 August

  Argentina vows end of money printing to battle 60% inflation

  

  Bloomberg Argentina’s new Economy Minister Sergio Massa pledged Wednesday night to stop printing money that helps fuel runaway inflation, outlining his strategy to turn around the country’s deepening crisis. Massa rolled out his economic roadmap after being sworn in by President Alberto Fernandez as the third such minister in a month. Massa’s measures also focused on boosting exports, reducing the ...

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• 5 August

  Reuters US reporters are striking for first time in decades

  

    Bloomberg Thomson Reuters Corp. journalists in the US launched a daylong strike on Thursday, first walkout in decades among the media company’s long-unionised staff. Employees began a 24-hour strike after claiming the company didn’t fairly negotiate pay increases, according to the Communications Workers of America’s NewsGuild, which represents US-based Reuters reporters, photographers and video journalists. The group said about ...

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• 5 August

  Europe’s parched earth hits corn as climate crisis resounds

  

  Bloomberg Searing temperatures are shriveling corn crops across Europe, in the latest sign of a deepening crisis that spans everything from Rhine River transport to Spanish olive growers. Sown in the spring, corn is under stress due to a lack of rain as the region struggles with rolling heat waves. Three-quarters of Romania, Europe’s biggest producer, is affected by drought ...

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