July, 2021

• 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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• 8 July

  UK faces three catastrophic risks to public finances, says watchdog

  

  Bloomberg The UK faces three potentially catastrophic risks to its public finances, the government’s budget watchdog said, underlining the challenge confronting Chancellor of the Exchequer Rishi Sunak to restore fiscal restraint. Unfunded pressures on government departments total some 30 billion pounds ($42 billion) over the next three years as a result of the pandemic, the Office for Budget Responsibility (OBR) ...

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• 8 July

  Consumer confidence in Canada hits record on vaccine reopenings

  

  Bloomberg Canadians are entering the second half of the year more confident about their economic prospects than they’ve ever been. Consumer sentiment marched higher to a new record last week, according to polling by Nanos Research Group for Bloomberg News, driven by optimism about the outlook for the economy and growing job security. The numbers will stoke confidence among economists ...

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• 8 July

  US worker aid becomes a casualty as Biden trade authority ends

  

  Bloomberg President Joe Biden’s pledge to refrain from pursuing new trade deals is leaving a key training and assistance program for workers, who the administration says are at the center of its agenda, without a clear path for renewal. Biden on July 1 officially lost Trade Promotion Authority, or TPA — the fast-track deal-making ability Congress delegates to a president ...

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