August, 2022

• 2 August

  UAEU publishes 1077 research articles in H1 2022

  

    AL AIN / WAM The United Arab Emirates University (UAEU) has set scientific research at the forefront of its ambitious strategic vision, where research is considered a key to institutional innovation and foresight, to create a vibrant, sustainable future for the next generation. In line with the vision, the faculty members of UAEU have produced 1,077 research articles during ...

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• 2 August

  European banks blow the roof off, for now

  

  European banks appear to be having a bit of a moment, but investors shouldn’t get over-excited by a string of forecast-beating profits this week. There is little common in many of the good-news stories: BNP Paribas SA of France, NatWest Group Plc and Standard Chartered of the UK, and BBVA of Spain all turned out strong second-quarter numbers, following better ...

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• 2 August

  The BOE needs a big Mac and fries!

  

  McDonald’s Corp has just raised the price of a cheeseburger in its UK restaurants for the first time in 14 years, by a supersized 20% to £1.19 ($1.43) from 99p. Something must be done. The rising cost of a beef patty is symptomatic of the surge in prices that should prompt the Bank of England (BOE) to hike its official ...

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• 2 August

  Social media can’t hide its problems anymore

    There’s a perfectly good reason to break open the secrets of social-media giants. Over the past decade, governments have watched helplessly as their democratic processes were disrupted by misinformation and hate speech on sites like Meta Platforms Inc’s Facebook, Alphabet Inc’s YouTube and Twitter Inc. Now some governments are gearing up for a comeuppance. In the next two years, ...

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• 2 August

  Fed must get ready for higher unemployment

    Announcing another interest-rate increase, Federal Reserve Chair Jerome Powell said that the path towards a soft landing — with lower inflation and no significant rise in unemployment — has narrowed. The question is whether there is any such path. The first estimate of second-quarter gross domestic product showed a fall of 0.9% at an annual rate. This came after ...

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• 2 August

  Lufthansa faces more turmoil as pilots back possible strikes

  

  Bloomberg Deutsche Lufthansa AG may face further disruption after its pilots voted for strikes if they’re considered necessary to force a wage deal, a move that could unleash another wave of cancellations unless the airline’s negotiators and labour representatives can settle their differences. The VC pilots union voted overwhelmingly in favour of walkouts, meaning Lufthansa could be hit with stoppages ...

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• 2 August

  Boeing submits new contract before strike

  

    Bloomberg Boeing Co has put forward a modified contract for about 2,500 union members at three defense locations near St Louis, days after the workers voted to reject a previous draft and begin a strike. “This new offer builds on our previous strong, highly competitive one and directly addresses the issues raised by our employees,” a Boeing spokesperson said ...

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• 2 August

  Walmart finds new way to take on Amazon amid soaring prices

  

    Bloomberg Walmart Inc has a new sales pitch for consumers contending with soaring prices: Buy used goods. A new “Walmart Restored” program will make it easier to shop for refurbished items from the likes of Apple Inc, Samsung Electronics Co and Whirlpool Corp’s KitchenAid, the retail giant said in a statement. The restored merchandise will be available online and ...

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• 2 August

  Prada’s H1 revenue rebounds on sales

  

  Bloomberg Prada SpA reported a rebound in first-half revenue backed by strong performances in Europe and the Americas, as luxury company results continue to show resilience despite lockdowns in China and soaring inflation. The Italian fashion house said in a statement that it remains confident on medium-term targets despite macroeconomic uncertainty, citing the global health situation, the rate of recovery ...

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• 2 August

  UK greenwashing probe targets fashion brands

  

    Bloomberg The UK’s competition watchdog started a probe into potentially misleading environmental claims made by fashion brands Asos Plc, Boohoo Group Plc and George at Asda, over greenwashing concerns. The Competition and Markets Authority (CMA) said it opened an investigation into the three fashion brands “to scrutinise their ‘green’ claims,” saying it’s concerned that clothes, footwear and accessories are ...

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