August, 2021

• 8 August

  Covid-19: Adidas suffers from weaker sales demand

  

  Bloomberg Adidas AG fell the most in four months as investors looked past a modest increase in profit guidance and focused instead on weaker demand in China and factory shutdowns in Vietnam. While revenue in Europe and North America almost doubled in the second quarter, boosted by the phasing out of pandemic restrictions and a return of major sporting events, ...

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• 8 August

  Amazon lottery offers vaccinated workers cars and $500,000 cash

  

  Bloomberg Amazon.com Inc — summoning its inner Oprah — will offer cash prizes of as much as $500,000 as well as cars and vacation packages to frontline employees who can prove they have been vaccinated against Covid-19. Unwilling so far to mandate vaccinations for its 1.3-million-strong workforce, the world’s largest online retailer is hoping a corporate lottery — called Max ...

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• 8 August

  Cebu Air refunds $153m to customers

  

  Bloomberg Cebu Air Inc, the largest Philippine budget carrier, said it refunded 7.7 billion pesos ($153 million) to customers, completing requests for reimbursements that were filed until June due to the pandemic. The airline processed 991,764 requests and continues to work with customers whose applications are still pending, Cebu Air said in a statement. Cebu Air in May raised $250 ...

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• 8 August

  Boeing 737 Max arrives in China for flight tests

  Bloomberg A Boeing Co 737 Max 7 has arrived at the Shangai airport for flight tests by Chinese authorities, the Paper reported. Chinese aviation officials last month signalled they are open to conducting flight tests on the plane in a step toward lifting its grounding after more than two years. China was the first nation to ground the Max, acting ...

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• 8 August

  United compels worker Covid shots in first for US airlines

  

  Bloomberg United Airlines Holdings Inc said workers must get vaccinated against the coronavirus, becoming the first major US carrier to impose the mandate. Employees must receive the vaccine and upload their injection record to a company database no later than October 25, although that date could change, United said in a memo. In mid-June, the Chicago-based airline began requiring new ...

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• 8 August

  Brazil political crisis grows as Bolsonaro, top court bicker

  

  Bloomberg President Jair Bolsonaro’s relentless attack on Brazil’s voting system soured his relationship with the Supreme Court, leaving the country on the brink of an institutional crisis. Top Justice Luiz Fux canceled plans for a meeting with Bolsonaro and the heads of congress that was intended to defuse rising tensions between them. The move came a day after the court ...

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• 8 August

  Myanmar citizens charged with plot against UN envoy

  Bloomberg Two citizens of Myanmar were arrested in the US and charged with conspiring to injure or kill their nation’s ambassador to the United Nations, federal prosecutors in New York said in a statement. Phyo Hein Htut and Ye Hein Zaw are charged with plotting with a Thai arms dealer who sells weapons to Myanmar’s military government, which took over ...

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• 8 August

  Haiti’s tycoon denies to Moise murder plot

  

  Bloomberg Just a few weeks ago, Reginald Boulos, a prominent Haitian businessman, was planning his first presidential run in one of the hemisphere’s most chaotic and troubled nations. Those plans ended July 7 with the brazen murder of President Jovenel Moise and subsequent allegations that Boulos, 65, might have helped finance the country’s first presidential assassination in a century. Speaking ...

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• 8 August

  ING signals bumper payouts as profit surpasses expectations

  

  Bloomberg ING Groep NV beat expectations for second-quarter profit after releasing money set aside for doubtful loans, and said it will boost payouts for investors. The Dutch lender’s net income soared to 1.46 billion euros ($1.73 billion) in the three months through June from 299 million euros a year earlier. That compared to the 1.15-billion-euro average estimate of analysts surveyed ...

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• 8 August

  Credit Agricole profit beats estimates as provisions decline

  

  Bloomberg Credit Agricole SA’s profit came in above expectations as it joined European peers in posting lower provisions to reflect the improving economy. The Paris-based lender said net income jumped to 1.97 billion euros ($2.3 billion) in the second quarter, more than double the same period last year and above the 1.2 billion euros anticipated by analysts polled by Bloomberg. ...

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