August, 2021

• 14 August

  Garuda removes directors to save costs amid debt rehaul

  

  Bloomberg Flag carrier PT Garuda Indonesia has shrunk its management to reduce costs as the airline restructures its way out of a pandemic-driven financial crunch. Garuda now has only six directors, removing the position of vice president director and merging services and business development director with commercial and cargo director, President Director Irfan Setiaputra said in a press conference after ...

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• 14 August

  India set to clear Boeing 737 Max to fly again within days

  

  Bloomberg India is set to allow Boeing Co’s 737 Max jets to resume flights in the country within days, according to a person familiar with the matter, clearing one of the last remaining hurdles for the US planemaker as it seeks to get the model flying again worldwide. The South Asian nation has been satisfied with the plane’s performance since ...

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• 14 August

  Afghanistan’s Ghani appeals for help as Taliban near Kabul

  

  Bloomberg Afghanistan’s US-backed president used his first public appearance in days to say he’s turning to the international community for help against Taliban militants advancing across the country. Ashraf Ghani made brief, nationally televised remarks on Saturday as Taliban fighters continue to make rapid territorial gains in the vacuum left by departing US and NATO troops. The president said he ...

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• 14 August

  HK’s biggest protest group to disband, says SCMP report

  

  Bloomberg Hong Kong’s largest protest group that drew upwards of two million of the city’s residents on to the streets in 2019 will disband, according to local media reports. Members of the Civil Human Rights Front, which organized many of the largest rallies during the Hong Kong’s 2019 pro-democracy protests, endorsed a resolution to disband, local media including the South ...

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• 14 August

  Finnish nationalists pick anti-immigration leader

  Bloomberg Finland’s opposition Finns Party picked a new leader who said the anti-immigrant populists won’t sacrifice their controversial policies in order to become more palatable to other politicians. Riikka Purra, a 44-year-old lawmaker considered the favourite in the race, won by a large margin, securing majority support at a party convention in Seinajoki, western Finland, on Saturday. Incumbent Jussi Halla-Aho ...

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• 14 August

  Venezuela’s Maduro, opposition sign agreement to start talks

  

  Bloomberg Representatives of Nicolas Maduro’s government and the opposition signed a “memorandum of understanding” in Mexico City to begin talks aimed at ending a five-year political impasse and addressing the nation’s economic collapse. The head of opposition’s delegation, Gerardo Blyde, said each side’s willingness and the common understanding that Venezuela is in the midst of its “worst crisis” in modern ...

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• 14 August

  Zambia election: Hichilema takes early lead

  

  Bloomberg Zambian opposition leader Hakainde Hichilema took an early lead as the first results were announced from cliffhanger election. With results tallied from 15 of the 156 constituencies, Hichilema had 171,604 votes versus President Edgar Lungu’s 110,178, chief electoral officer Kryticous Nshindano said Saturday. Total valid votes counted so far are 287,996, he said. The partial count may not be ...

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• 14 August

  Merkel’s heir upends election predictability

  Bloomberg At a campaign stop outside a picturesque market town in Saxony, Armin Laschet was faced with a very delicate political dilemma for a German politician: what to put on his bratwurst. With cameras clicking, the faltering favourite to replace Angela Merkel as chancellor hesitated before picking ketchup, while a local ally from his Christian Democratic party subtly noted Saxony’s ...

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• 14 August

  Climate movement keeping eye on Biden Fed chair nomination

  

  Bloomberg Climate activists are starting to map out a coordinated campaign to oppose the potential re-nomination of Federal Reserve Chair Jerome Powell, because they view his record on fighting climate change through the banking system as scant and not aggressive enough. The campaign will kick off on August 26 at the start of the Jackson Hole Economic Symposium, a gathering ...

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• 14 August

  Argentina’s Brubank plans push into Peru, Colombia in 2022

  

  Bloomberg Argentine digital bank Brubank, founded by a former Citigroup Inc executive, is looking to expand to Colombia and Peru in 2022 after raising more financing at the end of this year. The Buenos Aires-based company is planning a Series B funding round during the last quarter of 2021 to invest more in Argentina and to finance an expansion into ...

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