July, 2022

• 15 July

  United, pilots to reopen talks on contract

  Bloomberg United Airlines Holdings Inc’s pilots union says the carrier agreed to re-engage in talks to improve terms of the tentative contract agreement the two sides reached last month. Union sought new talks based on feedback from United pilots who were unhappy with the agreement, Mike Hamilton, head of United’s Air Line Pilots Association unit, told members in video on ...

  Read More »
• 15 July

  Biden warns Iran that US won’t wait ‘forever’ on nuclear deal

  

  Bloomberg President Joe Biden said the US won’t wait “forever” for Iran to agree to new curbs on its nuclear program, while Israeli Prime Minister Yair Lapid warned that his country is prepared to defend itself should Tehran get closer to developing a weapon. “We’ve laid out for the leadership of Iran what we’re willing to accept,” Biden told reporters ...

  Read More »
• 15 July

  South Korea politics roiled by pair sent to North, likely killed

  

  Bloomberg South Korean prosecutors are investigating members of former President Moon Jae-in’s government over the 2019 forced repatriation of two North Koreans, whose return to face criminal charges and likely execution had been denounced by critics as a violation of human rights. Current President Yoon Suk Yeol’s administration this week released photos of the blindfolded and bound fishermen getting dragged ...

  Read More »
• 15 July

  Sri Lanka president reaches Singapore after fleeing protests

  

  Bloomberg Sri Lankan President Gotabaya Rajapaksa arrived in Singapore Thursday after fleeing months of anti-government protests that forced him to pledge to resign. Rajapaksa flew to Singapore’s Changi Airport from the Maldives, where he had made a brief stop after leaving Sri Lanka Wednesday aboard a military aircraft. The island nation’s Security Council agreed to his request for safe passage ...

  Read More »
• 15 July

  Ukraine, Russia grain talks progress

  

  Bloomberg Negotiations over unblocking millions of tons of Ukraine’s grain exports were constructive, according to Ukraine, the United Nations, Turkey and Russia, an initial step in bolstering global food supplies and aiding the country’s beleaguered farm sector. The talks were held in Turkey with representatives from the countries and the UN. The sides — who agreed on the “main technical ...

  Read More »
• 15 July

  EU slashes GDP forecast for euro area, sees 7.6% inflation

  

  Bloomberg The euro area’s rebound from the pandemic will be weaker than anticipated while inflation will be faster because of Russia’s war in Ukraine, according to draft projections by the European Commission. With surging prices crimping demand and the danger of winter energy shortages draining confidence, gross domestic product is likely to advance 2.6% this year and 1.4% in 2023 ...

  Read More »
• 15 July

  Denmark breaks EU rules over Feta exports

  

    Bloomberg Denmark broke European Union (EU) rules by letting local dairy producers market and export a white, crumbly cheese as “Feta” outside the region, the EU’s top court said. The European Commission, backed by Greece and Cyprus, sued Denmark in 2019 for failing to prevent or stop the “direct breach” of the European Union protection the name enjoys. Greece ...

  Read More »
• 15 July

  VW suffers EU court setback over heat-damage software

  

    Bloomberg Volkswagen AG and other car markers risk violating European Union rules — and face more consumer claims — after the bloc’s top court said the use of IT meant to protect car components from damage at certain temperatures could be illegal. In a dispute stemming from the aftermath of the diesel scandal that roiled the German car giant, ...

  Read More »
• 15 July

  French economy rises by 0.25% in second quarter

    Bloomberg The Bank of France said the economy grew by about 0.25% in the second quarter, despite record inflation, the knock-on effects of Russia’s invasion of Ukraine and growing uncertainty about the outlook for business. According to the central bank’s assessment, which is based on a monthly survey of 8,500 firms, industrial activity was stable and the services advanced ...

  Read More »
• 15 July

  Argentines brace for 90% inflation

    Bloomberg Argentines face the prospect of 90% inflation by year end after the economy minister’s exit triggered overnight price rises and the central bank comes under pressure to let the peso depreciate more rapidly. That would be the fastest pace since hyperinflation three decades ago, and the highest rate in the world outside Venezuela and Sudan, according to forecasts ...

  Read More »