July, 2022

• 22 July

  Virgin Atlantic extends HK flight suspension

    Bloomberg Virgin Atlantic Airways Ltd extended the suspension of its London-Hong Kong flights by almost seven months to late March due to “ongoing operational complexities” even as the Asian city gradually eases some of the world’s tightest Covid-19 restrictions and people start to travel once again. The UK-based airline intends to resume the service on March 26, rather than ...

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• 22 July

  Biden’s doubts about Pelosi trip leave Taiwan feeling ‘hurt’

  

  Bloomberg Taiwan has been left “hurt” and confused by contradictory signals coming out of Washington over a possible visit to Taipei by House Speaker Nancy Pelosi. Pelosi is planning a trip to Asia that would include a visit to Taiwan, according to people familiar with the matter. It would be the first by a House speaker to Taipei since 1997. ...

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• 22 July

  China’s Xi wishes Biden speedy recovery from Covid infection

    Bloomberg China’s Xi Jinping wished US President Joe Biden a speedy recovery from Covid-19, as the two leaders prepare to speak over the phone to ease tensions between the two largest economies. The Chinese president sent the goodwill message to Biden, 79, on Friday, state broadcaster China Central Television said. Biden tested positive for Covid-19 on Thursday, contracting the ...

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• 22 July

  Singapore conducts fifth execution in four months

    Bloomberg Singapore carried out its fifth execution for drug-related crimes in less than four months, Amnesty International said, while neighbors Malaysia and Thailand move to relax punishments for similar offenses. Nazeri bin Lajim was hanged Friday for possession of 33.4 grams (1.2 ounces) of heroin a decade ago, the rights group said, as Singapore continued to press ahead with ...

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• 22 July

  Ukraine and Russia to sign grain export deal, Turkey says

  

  Bloomberg An international deal to restart grain exports from Ukraine’s Black Sea ports that have been blocked since Russia’s invasion is expected to be signed Friday, potentially easing concerns of a global food crisis. The agreement could help revive the crops trade from one of the world’s biggest wheat, corn and vegetable-oil exporters. However, it is unclear how the deal ...

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• 22 July

  Japan warns of security threats in defence report

  

    Bloomberg Russia and China’s deepening military cooperation that has included joint air and navy drills is raising security concerns in the region, Japan said in its first annual defense report issued since Moscow invaded Ukraine. In the report released Friday, the Defense Ministry detailed renewed concerns about the security of Taiwan, which China sees as territory that must be ...

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• 22 July

  EU ramps up legal pressure on UK over breaches of Brexit deal

    Bloomberg The European Union ramped up its legal campaign against the UK over breaches to the Brexit deal, days after legislation allowing Britain to scrap parts of the Northern Ireland protocol cleared the House of Commons. On Friday, the European Commission launched four additional infringement proceedings against the UK, claiming the government had failed to comply with customs and ...

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• 22 July

  UK debt cost surge sends warning to next premier

  

  Bloomberg The UK government is borrowing billions of pounds more than forecast as soaring inflation drives up the cost of servicing the national debt. Official figures showed the budget deficit totalled £22.9 billion ($27.5 billion) in June, up more than 20% compared with the same month last year. It left the gap in the first three months of the fiscal ...

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• 22 July

  US jobless claims hit a fresh eight-month high

  

  Bloomberg Applications for US state unemployment insurance rose for a third week to the highest since November as more companies announce job cuts, suggesting some softening in the labour market. Initial unemployment claims increased by 7,000 to 251,000 in the week ended July 16, Labour Department data showed. The figures coincide with the reference period for the July jobs report ...

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• 22 July

  Tesla’s Musk signals optimism for end to ‘supply chain hell’

  

    Bloomberg Tesla Inc has been going through “supply chain hell,” but Elon Musk believes the electric-car maker stands a chance of emerging from it in the second half of the year. The chief executive officer tempered his optimism while discussing Tesla’s better-than-expected earnings, emphasising how challenging it’s been to secure parts and materials. Tesla sold roughly 75% of its ...

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