July, 2021

• 4 July

  Ryanair CEO sees capacity doubling

  Bloomberg Ryanair Holdings Plc Chief Executive Officer Michael O’Leary said the Irish carrier could almost double its passenger capacity through the rest of the summer as the European Union reopens for travel. Europe’s biggest discount airline expects to attract up to 9 million passengers in July and August compared with 5 million in June and just 1.7 million in May, ...

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• 4 July

  China’s foreign minister warns foes not to misjudge Beijing’s will

  

  Bloomberg China’s foreign minister expounded Beijing’s increasingly defiant stance on the international stage, taking several swipes at the US and underscoring much of the sentiment from last week’s centennial celebrations speech by President Xi Jinping. In a sweeping speech that touched on topics from the global pandemic to counterterrorism, North Korea to the Iran nuclear issue and Taiwan, Foreign Minister ...

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• 4 July

  Bolsonaro faces probe for alleged negligence in Covid vaccine case

  

  Bloomberg Brazil’s prosecutor general office has requested the country’s top court to investigate President Jair Bolsonaro for possible negligence in the handling of corruption allegations related to the purchase of vaccines from India. Negotiations to buy the Covaxin shot produced by Bharat Biotech International Ltd turned into a scandal when a government ally said he had personally warned Bolsonaro that ...

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• 4 July

  Tusk to battle for Poland’s European future

  

  Bloomberg Donald Tusk is spoiling for a fight to reverse Poland’s drift to the European Union’s fringe. The former president of the European Council announced on Saturday that he’s returning to lead his country’ biggest opposition group, the Civic Platform, which propelled him to two terms as prime minister and the top level of politics on the continent. The decision ...

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• 4 July

  Elsa to lash Haiti before turning on Cuba, Florida

  Bloomberg Hurricane Elsa was expected to begin lashing Haiti and Dominican Republic on Saturday, touching off floods and landslides, as it moves across the Caribbean towards Cuba and Florida next week. The Atlantic’s first hurricane of 2021, Elsa had top winds of 75 miles per hour and was about 110 miles southeast of Isla Beata, Dominican Republic, the National Hurricane ...

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• 4 July

  Citigroup says flexible work gives it edge over US rivals

  

  Bloomberg Citigroup Inc joined rivals including UBS Group AG in touting its flexible work policies as a tool that will offer a competitive edge in recruiting and retaining top staff. The lender’s employees will have the option of working from home at least part time, investment banking co-head Manolo Falco said at a virtual press briefing. That will set the ...

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• 4 July

  Morgan Stanley promotes several US technology bankers

  

  Bloomberg Morgan Stanley has promoted several technology investment bankers to be the next generation of leadership at one of the investment bank’s most important franchises. The New York-based firm has named Dave Chen co-head of global technology investment banking, alongside current co-heads Michael Grimes and Drew Guevara, according to a memo reviewed by Bloomberg News. A representative for Morgan Stanley ...

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• 4 July

  UBS in talks to settle Belgian probe over client tax dodging

  

  Bloomberg UBS AG is in talks with Belgian authorities to resolve an investigation into allegations it helped wealthy clients dodge taxes, local prosecutors said. Confirmation of the talks comes after newspaper L’Echo reported that the lender has agreed to pay almost 50 million euros ($60 million) to settle the case and avoid a public trial, citing sources it didn’t name. ...

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• 4 July

  Bank of Japan cuts some bond purchase targets

  

  Bloomberg The Bank of Japan (BOJ) cut bond purchases for the next three months while shifting to a quarterly-buying plan to offer more certainty to markets. The quarterly plan showed a reduction of at least 25 billion yen ($226 million) in purchases of each of the one-to-three, five-to-10 years and 10-to-25 year buckets. Previously, it had only released monthly purchase ...

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• 4 July

  Goldman seeks $4bn for its newest infrastructure fund

  Bloomberg Goldman Sachs Group Inc is seeking to raise $4 billion for its latest infrastructure fund, dubbed West Street Global Infrastructure Partners IV. The firm, which has held discussions with potential investors such as pensions funds, is aiming to hold a first close on the vehicle as soon as the third quarter, one of the people said. New York-based Goldman ...

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