July, 2016

• 30 July

  The EU talks loudly, carries a small stick

  

    The weeks since the Brexit vote have made it clear that the European Union is not going to take this opportunity to redefine itself. Rather, it appears to be settling into a status quo in which minor EU rules are observed while the big ones are often fudged. Two cases illustrate the reality of what EU-watchers might call a ...

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• 30 July

  India’s sports industry can reap rich dividends

  Sooraj Aurora The global sports sector is estimated to be worth between $480-620 billion. However, in India, sport is yet to be recognized as an economic sector, mainly due to the fact there has been little or no comprehensive study done on the industry’s size, potential, and on the available opportunities that are on offer. The sports industry sector may ...

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• 30 July

  Amazon’s distribution empire expanding

  

    AP Online shoppers want their packages — now. And Amazon is spending heavily to make sure that happens. Amazon’s Prime service has, at heart, always been about free two-day shipping. The $99 annual subscription includes a variety of other goodies, but the near-instant gratification of fast, no-extra-cost delivery was the program’s original draw, and remains central to its appeal ...

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• 30 July

  Singapore Airlines profit almost triples

  

    Bloomberg Singapore Airlines Ltd. reported first-quarter profit almost tripled as lower oil prices reduced costs and the company benefited from the sale of a stake by its subsidiary. Net income rose to S$256.6 million ($190 million) in the three months ended in June from S$91.2 million a year earlier, the carrier said in a Singapore stock exchange statement Thursday. ...

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• 30 July

  Allegiant breaks with history by buying first new aircraft

  

    Bloomberg Allegiant Airlines will buy new aircraft for the first time, in a purchase valued at $1.2 billion, as the discount carrier speeds its shift to a fleet of all Airbus Group SE planes by mid-2019. Buying the 12 A320 jets with currently available engines allows the airline to add planes “opportunistically” as Airbus switches its focus to pricier ...

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• 30 July

  British Airways owner cuts capacity

    Bloomberg British Airways parent IAG SA will cut capacity and put spending under review in the wake of the U.K.’s decision last month to quit the European Union, with the uncertainty depressing profit growth this year. Operating profit excluding one-time items is now expected to grow by a low double-digit percentage, the London-based IAG said Friday. Prior to the ...

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• 30 July

  Apple to redesign online store app

    Bloomberg Apple Inc. plans to roll out a redesigned version of its Apple Store mobile app for selling devices that will use a customer’s buying history to recommend further purchases, taking a page from Amazon.com Inc.’s playbook. The updated retail app could be rolled out in the next two weeks, according to people familiar with the intended revamp. It’s ...

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• 30 July

  Spain cuts growth estimate on investment outlook

  

    Bloomberg Spain’s caretaker government trimmed its growth outlook for next year, citing the prospect that investment in construction and equipment will contribute less to an economy that’s been expanding since the third quarter of 2013. The economy will grow 2.3 percent in 2017, compared with a previous estimate of 2.4 percent, the Economy Ministry said in an e-mailed statement. ...

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• 30 July

  Tempur Sealy surges after US housing market helps results

  

    Bloomberg Tempur Sealy International Inc. shares jumped the most in almost four years after the mattress company’s earnings topped estimates, helped by a rise in U.S. home construction. Second-quarter profit rose to 92 cents a share, excluding some items, the Lexington, Kentucky-based company said on Thursday. That beat the 69 cents estimated by analysts, according to data compiled by ...

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• 30 July

  NJ layoffs mount as standoff over roadwork funding persists

    Bloomberg New Jersey construction workers, engineers and even gas-station retailers urged legislators to approve a gasoline-tax increase to fund transportation projects and end a roadwork shutdown that has left thousands without jobs. Legislation opposed by Republican Governor Chris Christie passed the Senate budget committee on Friday. The panel’s chairman, Democratic Senator Paul Sarlo, told reporters he’s still working to ...

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