August, 2022

• 1 August

  Paris faces an even colder, darker winter than Berlin

    In the European energy crisis, all of the attention is focused on Germany and gas from Russia. But France and its fleet of struggling nuclear reactors are at least as important. Indeed, the first European city to suffer a blackout as temperatures drop toward the end of the year may well be Paris rather than Berlin. As winter approaches, ...

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• 1 August

  Europe’s energy plan isn’t ambitious enough

    By all indications, Russian President Vladimir Putin is weaponizing energy exports to divide Europe and undermine its support for Ukraine. The European Union’s response this week is unlikely to change his calculations. Time is running out to come up with a better solution. Russia’s state-owned Gazprom PJSC has slashed gas flows to Europe through the Nord Stream 1 pipeline ...

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• 1 August

  Boeing set to resume delivery of 787 Dreamliners after FAA nod

  

  Bloomberg Boeing Co received preliminary US regulatory clearance to restart deliveries of its 787 Dreamliner aircraft, paving the way for the end to a drought that drained cash and dented the planemaker’s reputation for quality. The Federal Aviation Administration (FAA) approved Boeing’s plans to inspect and repair tiny manufacturing flaws in the Dreamliner’s carbon-composite frame, two people familiar with the ...

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• 1 August

  JetBlue’s $3.8b Spirit deal is facing antitrust review

  

    Bloomberg JetBlue Airways Corp already overcame one adversary in its battle to acquire Spirit Airlines Inc. Now it faces an even bigger fight. The $3.8 billion merger must undergo a rigorous antitrust review that analysts say could lead to significant divestitures or changes to the deal’s structure — if it gets approved at all. Concern over regulatory pushback was ...

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• 1 August

  Amazon shows it can generate sales while slowing spending

  

  Bloomberg Amazon.com Inc showed its e-commerce and cloud-computing businesses can churn out revenue even as consumers worry about inflation and the company gets serious about curtailing expenses. Investors sent shares up more than 12% in pre-market trading. Amazon reported second-quarter sales that topped analysts’ estimates and gave a revenue forecast for as much as 17% growth in the current period. ...

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• 1 August

  Air France-KLM to add flights after battling summer surge

  

    Bloomberg Air France-KLM plans to raise capacity closer to 2019 levels by the end of the year, later than previously expected after battling soaring demand in the peak summer season. The Franco-Dutch carrier will operate 80% to 85% of pre-pandemic flight volumes during the current period, a drop from the up to 90% forecast in May. It’s planning to ...

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• 1 August

  Asda cuts petrol prices after criticism

    Bloomberg Asda has slashed the price of petrol after months of criticism that supermarkets have been keeping prices too high. Asda has knocked 5 pence (6 cents) per liter off the price of unleaded fuel and 3 pence per liter off diesel, the retailer said in an emailed statement. This brings the price down to on average 174 pence ...

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• 1 August

  China holds live-fire drills near Taiwan as Pelosi heads to Asia

  

  Bloomberg China held live-fire military drills in the Taiwan Strait on Saturday as US House Speaker Nancy Pelosi prepared to arrive in Asia. The exercises took place off the coast of Fujian province opposite Taiwan. A warning issued by the local maritime safety agency said the drills would be conducted near Pingtan, a county about 130 kilometers (81 miles) from ...

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• 1 August

  Ukraine’s first grain ship may depart on Monday, Turkey says

  

  Bloomberg The first ship to export Ukrainian grain since an agreement was reached for the safe transit of vessels may depart as soon as Monday, President Recep Tayyip Erdogan’s spokesman Ibrahim Kalin said. “There are a few hitches, a few issues being discussed with the Russians,” Kalin said in an interview with Kanal 7 TV channel on Sunday, adding that ...

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• 1 August

  Midterm election misery for Biden as key economy gauge flags 30-seat loss

  

  Bloomberg Whatever else is on Americans’ minds — and that’s a long list right now — the state of the economy looms large in any US election. That spells big trouble for Democrats in November’s midterm vote. A new study by Bloomberg Economics takes one gauge with a knack of predicting ballot outcomes and projects it forward through election day. ...

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