July, 2020

• 13 July

  Beyond Meat may be just a fad: Citi

  

  Bloomberg Beyond Meat is at risk of being part of a food craze that could potentially sputter and continues to face heightened competition, according to a Citi analyst who initiated coverage with a sell rating. Close to one-quarter of Americans are eating less meat now than last year, but they aren’t doing so out of moral opposition to eating animals ...

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• 13 July

  Airbus drought worsens with third month of zero jet orders

  

  Bloomberg Airbus SE failed to secure any aircraft orders for a third month this year, as the collapse in global air travel battered demand for new jetliners. The European planemaker attracted zero purchases in June, according to a company statement. The manufacturer suffered one cancellation, a spokesman confirmed, bringing total net orders to 298 aircraft so far this year. The ...

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• 13 July

  HK Democrat voters defy threats with high turnout

  

  Bloomberg More than half a million Hong Kong residents defied government warnings and a fresh coronavirus outbreak to vote in an unofficial primary, a strong turnout that signals continued resistance to Beijing’s decision to impose a broad national security law just two weeks ago. More than 610,000 residents — representing more than 13% of registered voters — cast ballots in ...

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• 13 July

  Russia charges former journalist with treason

  

  Bloomberg Russia’s Federal Security Service, the main successor agency to the Soviet-era KGB, charged a prominent former journalist with treason as protests including representatives of state media gathered pace. Ivan Safronov, who regularly broke news on sensitive arms deals while working for the Kommersant newspaper over much of the past decade, denies the accusations against him, his attorney Ivan Pavlov ...

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• 13 July

  Malaysia PM win shows snap vote a risk

  

  Bloomberg Malaysian Prime Minister Muhyiddin Yassin’s narrow win in a key parliamentary vote on Monday showed that the prospect of snap elections still remains a risk for the country. Just 111 of 221 lawmakers present voted in favour of the premier’s motion to remove speaker Mohamad Ariff Md Yusof, who was appointed by the previous administration, while 109 voted against. ...

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• 13 July

  Conte’s fractious Italian coalition under pressure

  

  Bloomberg Italian Prime Minister Giuseppe Conte is set to push for revoking highway concessions held by Autostrade per l’Italia SpA, rejecting a final offer from the Benetton-owned toll-road manager in a dispute that has split his coalition. Shares of the company’s owner, Atlantia SpA, slumped. “I’m not satisfied at all with the offer, which is embarrassing,” Conte told newspaper Il ...

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• 13 July

  Trump, more than Biden, is tapping into Facebook tools

  

  Bloomberg President Donald Trump uses Facebook like a Swiss Army knife — to raise money, amplify his message, and mobilise voters. His rival, Joe Biden, uses the increasingly controversial social platform primarily to stick his hand out for donations. As he did in 2016, Trump is taking advantage of the social media giant’s granular knowledge of its users’ interests to ...

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• 13 July

  Tech giants oppose Trump move on foreign students

  Bloomberg Google, Microsoft and the US Chamber of Commerce backed a lawsuit by Harvard University and the Massachusetts Institute of Technology over the Trump administration’s order banning foreign students from the country if their universities are not offering in-person instruction. The court filing by the companies and business group backs a lawsuit challenging the July 6 directive as “invalid” due ...

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• 13 July

  Johnson urged to ban Huawei in UK 5G networks by end of 2021

  

  Bloomberg Boris Johnson is under pressure to announce a ban on telecoms companies from installing new equipment made by Huawei Technologies Co in Britain’s fifth-generation mobile networks from as soon as the end of 2021. Britain’s National Security Council meets on Tuesday to decide on the company’s future in the UK in the wake of US sanctions against the company. ...

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• 13 July

  Analog Devices near deal to buy Maxim for $17bn

  

  Bloomberg Analog Devices Inc. is close to an all-stock agreement to acquire Maxim Integrated Products Inc., according to reports. The semiconductor companies are talking about a deal that values San Jose, California-based Maxim at more than its current market capitalisation of roughly $17 billion. Norwood, Mass.-based Analog has a market value of $46 billion and also has a large office ...

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