July, 2021

• 8 July

  Walmart taps AmEX veteran for new plan

  

  Bloomberg Walmart Inc has hired a veteran of American Express Co to run Walmart+, the membership program it unveiled less than a year ago to counter Amazon.com Inc’s Prime plan. Chris Cracchiolo, a senior executive who spent 19 years at the credit-card company, will take over as senior vice president and general manager of Walmart+ on July 12, Chief Customer ...

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• 8 July

  Ocado gains Alcampo as client for robotic warehouse services

  

  Bloomberg Ocado Group Plc added Spanish grocery chain Alcampo as a new client for its robotic warehouse business, which is gaining traction abroad as grocery e-commerce booms. The new contract will add to profit in coming fiscal years as these deals require an upfront investment, Ocado said. The company also maintained its full-year earnings forecast as strong sales in its ...

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• 8 July

  J Sainsbury raises profit forecast, underlining bullish trends in UK

  

  Bloomberg J Sainsbury Plc raised its profit forecast, underlining the bullish trends for UK supermarkets that have focused private equity bidders’ attention on the grocer’s smaller rival, Wm Morrison Supermarkets Plc. Sainsbury expects to generate profit of 660 million pounds ($917 million) this fiscal year, up from a previous forecast of 620 million pounds and exceeding pre-Covid levels, the grocer ...

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• 8 July

  Adani seeks $1b loan to refinance airport debt

  Bloomberg Indian tycoon Gautam Adani is seeking a loan of about $1 billion to refinance existing debt of Mumbai’s international airport, according to people familiar with the matter. Barclays Plc and JPMorgan Chase & Co are among banks in discussions to provide the funds to Adani Airport Holdings Ltd, the people said. Deutsche Bank AG is also in talks to ...

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• 8 July

  Thailand turns Bangkok terminal to hospital

  Bloomberg Thailand plans to convert a terminal at the nation’s main international airport into a field hospital as a surge in coronavirus infections that’s straining the nation’s public health system shows little sign of easing. Airports of Thailand Pcl, operator of the Suvarnabhumi International Airport, has been asked to convert the newly completed terminal into a facility with an intensive-care ...

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• 8 July

  US names Taiwan envoy with China’s position still vacant

  

  Bloomberg The US appointed a new top representative to Taiwan, in the Biden administration’s latest move to strengthen ties with Taipei amid increasing pressure from Beijing. Sandra Oudkirk is the incoming director of the American Institute in Taiwan’s Taipei office, the de facto US ambassador in the absence of official ties, succeeding Brent Christensen later this summer, the institute said ...

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• 8 July

  Haiti’s president assassinated in night attack on his home

  

  Bloomberg Haitian President Jovenel Moise was assassinated in a raid on his home by a group of unidentified people in the capital Port-Au-Prince, according to the nation’s interim prime minister Claude Joseph. First Lady Martine Moise was injured in the “barbaric” attack and is hospitalised, Joseph said in a statement, published by the nation’s embassy in Canada on Wednesday. Some ...

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• 8 July

  Modi revamps cabinet to repair popularity ahead of India polls

  

  Bloomberg India’s Prime Minister Narendra Modi overhauled his cabinet in a bid to repair his dented image as the nation emerges from its devastating Covid-19 outbreak ahead of key state elections. Fifteen cabinet ministers and several junior ministers were sworn in by President Ram Nath Kovind at a ceremony in the colonial-era president’s palace in New Delhi on Wednesday. Ruling ...

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• 8 July

  Sweden’s Lofven wins parliament backing to form his new coalition government

  

  Bloomberg Sweden’s interim Prime Minister Stefan Lofven won a narrow vote in parliament to form a new coalition government as he seeks to keep the far-right from gaining influence in the largest Nordic nation. Lofven, 63, resigned as prime minister just three weeks ago, following a no-confidence vote triggered by a plan to deregulate rental housing. The vote on Wednesday ...

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• 8 July

  Malaysia PM names Ismail Sabri Yaakob new deputy

  

  Bloomberg Malaysia’s Prime Minister Muhyiddin Yassin has promoted two senior ministers into his cabinet as he seeks to win over a major coalition partner before the country’s suspended parliament reconvenes later this month. Muhyiddin appointed Defense Minister Ismail Sabri Yaakob as his deputy, according to a statement from the Prime Minister’s Office, while Foreign Minister Hishamuddin Hussein has been promoted ...

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