July, 2023

• 3 July

  Nasdaq futures extend rally on Tesla’s sales beat

  

  BLOOMBERG Stocks kicked off the new quarter on a bullish note, with electric-car makers Tesla Inc and BYD Co climbing on record quarterly sales. Tesla gained 6.3% in premarket trading, while BYD climbed in Hong Kong trading, leading shares of battery suppliers also higher. Contracts on the Nasdaq 100 climbed, after the tech index notched its best-ever first half of ...

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• 3 July

  Stock market rally puts Zimbabweans on edge

  

  BLOOMBERG In Harare, Zimbabwe, home to the world’s biggest stock market rally, the gains come at break-neck speed: 5%, 10%, even 20% in a single session. Tally them up, and the market is up an astonishing 800% on the year. But in a country where up is often down and the next currency crisis is always just around the corner, ...

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• 3 July

  Joby’s flying taxi is closer to reality with production

  

  BLOOMBERG Joby Aviation Inc jumped 40% after a crucial green light from US regulators in its quest to build electrically powered air taxis. The company, based in Santa Cruz, California, said in a statement that the go-ahead from the Federal Aviation Administration (FAA) will let it test flying taxis coming off its production line; it previously could only demo a ...

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• 3 July

  Virgin Galactic reaches space in overdue commercial debut

  

  BLOOMBERG Virgin Galactic Holdings Inc sent paying customers to the edge of space for the first time, a milestone for the Richard Branson-founded company almost two decades in the making. The VSS Unity craft reached space at about 9:30 am local time in New Mexico on June 30, Virgin Galactic revealed in a livestream of the event on its website. ...

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• 2 July

  Maison Luxe unveils the new Riviera Collection by Baume & Mercier at Dubai Mall

  

  DUBAI / GULF TIME Maison Luxe, the iconic luxury multi-brand retailer of watches and jewelry located in Dubai Mall, hosted an exclusive event on June 21st for the grand launch of four captivating watches from the Riviera collection by Baume & Mercier. The occasion showcased the exceptional craftsmanship and enduring elegance the Baume & Mercier is renowned for. With a ...

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• 2 July

  Biden to shore up Nato allies after failed mutiny in Russia

  

  BLOOMBERG US President Joe Biden will leave for Europe in a week to firm up ties with key Nato allies, including the UK, in the wake of the last month’s abortive uprising in Russia. Biden plans to hold talks with UK Prime Minister Rishi Sunak before heading to Vilnius, Lithuania, for the 74th Nato summit, and ending in Finland with ...

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• 2 July

  Bosnia envoy revokes Bosnian Serb laws

  

  BLOOMBERG Bosnia-Herzegovina’s international overseer revoked two laws adopted by ethnic Serbs as unconstitutional, the latest standoff threatening stability in the country’s fragile postwar balance. Christian Schmidt, the Western-backed envoy with powers to change legislation that harms Bosnia’s complex power-sharing set up after ethnic warfare in the 1990s, struck down laws adopted by lawmakers in the Republika Srpska entity that denied ...

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• 2 July

  Central Intelligence Agency chief calls war in Ukraine ‘corrosive’ for Putin’s regime

  

  BLOOMBERG The invasion of Ukraine has had a “corrosive effect” on Russian society and President Vladimir Putin’s regime, creating an “opportunity” for the US, said William Burns, director of the Central Intelligence Agency (CIA). The top US spy made rare public comments, delivering a lecture at the Ditchley Foundation in Chipping Norton, northwest of London. “Disaffection with the war will ...

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• 2 July

  French riots over killing start to ease

  

  BLOOMBERG A fifth night of unrest across France was more subdued as authorities contained the fallout from the killing of a teenager that has reignited debate about racism and inequality. The riots and looting, which have drawn comparisons with America’s reaction to the murder of George Floyd in 2020, have become a moment of reckoning for the country which has ...

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• 2 July

  SCCI’s Sharjah Summer Promotions 2023 kicks off

  

  SHARJAH / WAM The highly anticipated Sharjah Summer Promotions 2023, organised annually by the Sharjah Chamber of Commerce and Industry (SCCI), marks the start of a 65-day extravaganza filled with promotions, mega discounts, entertainment events, and valuable prizes across the emirate. Considered one of the key events in Sharjah’s annual retail calendar, this year’s edition holds special significance as it ...

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