August, 2021

• 1 August

  British Airways in Covid fog as summer comes to Air France

  

  Bloomberg British Airways parent IAG SA is stuck on the starting blocks amid lingering coronavirus curbs as one of its biggest European competitors reaps the benefits of a late-summer travel rebound. London-based IAG, which also owns Spain’s Iberia and Aer Lingus of Ireland, provided no guidance in an earnings update and said it will offer only 45% of 2019 capacity ...

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• 1 August

  Bezos loses $13.5bn after Amazon disappointment

  

  Bloomberg Amazon.com Inc’s weaker-than-expected second-quarter results has sent its founder’s fortune tumbling. The net worth of Jeff Bezos fell $13.5 billion after the after-market results missed Wall Street’s expectations and foreshadowed an end to the retailer’s pandemic-fueled sales surge. The drop erased 80% of his wealth gains for the year. Amazon’s shares dropped 7.2% to $3,339.18 at 9:53 a.m. in ...

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• 1 August

  Amazon pares equivalent of Target’s cap in plunge

  Bloomberg The bigger they are, the harder they fall. Amazon.com Inc’s shares plummeted as much as 8.1% on July 30 after the retail giant reported sales below analyst estimates for the first time since 2018. That pared more than $130 billion from the company’s market capitalisation, a figure that, if it were for a single company, would be larger than ...

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• 1 August

  P&G beats estimates as consumers absorb price increases

  

  Bloomberg Procter & Gamble Co rose in early trading after reporting sales for the latest quarter that exceeded expectations despite a difficult comparison with last year’s stockpiling. The maker of Gillette razors and Downy fabric softener, which announced a leadership transition, said that organic sales, which strip out the impact of items like acquisitions and currency swings, grew 4% in ...

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• 1 August

  Biden’s Afghan evacuations begin with first flight to US

  

  Bloomberg The Biden administration’s first evacuation flight for Afghans who aided American and other coalition forces has arrived in the US, as the administration steps up efforts to relocate interpreters, other military assistants and their families ahead of a final troop withdrawal. The plane, carrying more than 200 people, landed at Fort Lee in Virginia, where passengers were to undergo ...

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• 1 August

  Malaysia defers special parliament sitting citing virus risk

  

  Bloomberg The final day for Malaysia’s special parliament sitting on Monday has been postponed indefinitely because of the risk from a recent outbreak of Covid cases. The deferment follows a risk assessment by the health ministry, which found that the parliament’s locality is at risk of the spread of infections, according to a letter from the House of Representatives secretary ...

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• 1 August

  Biden hosts Cuban-American leaders to discuss Cuba protests

  

  Bloomberg President Joe Biden hosted a meeting at the White House with Cuban-American leaders to discuss the largest demonstrations in decades that erupted in Cuba earlier this month. The meeting came the same day the administration announced sanctions against a Cuban police force and its leaders in response to violence against the demonstrators. Biden told the group that additional penalties ...

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• 1 August

  Peru’s Castillo names Francke as finance minister after delay

  

  Bloomberg Peru President Pedro Castillo named former World Bank economist Pedro Francke as his finance minister and swore him in following a delay that unnerved investors. Francke advised Castillo on economic policy during the campaign and vowed to largely maintain the country’s macro-economic policies while putting more focus on social issues. He’ll be tasked with trying to maintain investor confidence ...

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• 1 August

  Jair Bolsonaro offers raft of conspiracies, internet videos as ‘proof’ of voter fraud

  Bloomberg President Jair Bolsonaro doubled down on his criticism of Brazil’s electronic voting system, presenting a series of conspiracy theories and debunked Internet videos as evidence that elections are vulnerable to cheating. During a nearly two-hour address late on Thursday, the far-right president attacked the electoral authority, which has requested he provide evidence of his repeated claims of voter fraud. ...

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• 1 August

  Trump’s tax returns can be released to Congress: DOJ

  

  Bloomberg The Justice Department directed the Treasury Department to hand over former President Donald Trump’s tax returns to Congress, a move that means six years of Trump’s personal and business financial information could become public. “We conclude that the Secretary must comply with the Ways and Means Committee’s June 16, 2021 request” for the tax returns and related tax information, ...

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