Bloomberg The International Air Transport Association (IATA) urged countries around the world to adopt the European Union’s Digital Covid Certificate (DCC) as the global standard for vaccine certification. The EU’s vaccine passport should serve as the blueprint for other nations, IATA Deputy Director General Conrad Clifford said in a statement. While multiple certificates or digital applications testifying to the low-risk ...
Read More »Nordstrom falls most since Covid start
Bloomberg Nordstrom Inc fell the most since the early days of the Covid pandemic after quarterly results showed it’s recovering more slowly than other retailers. While second-quarter sales at the Seattle-based department-store chain doubled from a year ago, they remain 6% below the 2019 level. That contrasts with results from peers such as Macy’s Inc and Kohl’s Corp, which have ...
Read More »Afghan crisis: US exit strains ties with Pakistan
Bloomberg Joe Biden’s hopes of keeping the Afghan Taliban in check will rely heavily on Pakistan, a neighbouring nation that has close ties to the militant group but which has often proven an unreliable partner to the US. Islamabad has long tried to balance its relationship with the US and its support for the Taliban, stoking frustration in Washington and ...
Read More »Brazil’s Bolsonaro says outcomes at elections include victory or death
Bloomberg Brazil President Jair Bolsonaro laid out three outcomes for the the presidential elections next year — he will win the polls, get arrested or killed. Speaking to a group of evangelical leaders, the conservative leader said he will never be imprisoned as “no man on earth†scares him, and that he’s “doing the right thing.†The president has been ...
Read More »Chinese official rejects US report on virus probe
Bloomberg A senior Chinese health official rejected a US report blaming China for stonewalling an investigation into the origins of the coronavirus. China opposes the politicisation of tracing the origins of the virus or using the subject as a tool to shift blame, according to Zeng Yixin, vice head of National Health Commission. The US should treat origins tracing as ...
Read More »Germany’s SPD overtakes Merkel’s bloc in poll
Bloomberg Germany’s Social Democrats rose to an almost four-year high in a weekly poll, adding to evidence that they’re pulling ahead of Chancellor Angela Merkel’s bloc before a national election on September 26. INSA’s poll is the third to show Merkel’s conservatives now lagging the Social Democrats, who may be set for a remarkable comeback after almost ending up as ...
Read More »Hurricane Ida roars towards Louisiana
Bloomberg Hurricane Ida gained power rapidly on Sunday as it crossed the Gulf of Mexico on its way to smashing into Louisiana, threatening to unleash mass flooding and destruction in New Orleans. The Category 4 hurricane has top winds of 150 miles (241 kilometres) per hour, the National Hurricane Center said at 7 am local time. Only two other storms ...
Read More »Uber waits annoy passengers in UK after drivers quit in droves
Bloomberg Uber Technologies Inc is suffering from an exodus of UK drivers to other ride-hailing and delivery apps, leading to longer waiting times and frustrated customers. The App Drivers and Couriers Union found that 49% of drivers in a survey of 1,212 members switched to other sources of income in the last 18 months. Drivers who spoke to Bloomberg News ...
Read More »European SMEs hit by soaring shipping costs
Bloomberg Watch out for the fate of Europe’s small import-export exposed businesses, as chaos in global supply chains continues to hurt that corner of the continent’s economy. The cost of hauling 40-foot boxloads of goods to Rotterdam from Shanghai surged to $13,787 per unit, according to Drewry Shipping. The average at this time of year over the prior five years ...
Read More »US jobs recovery cools in shadow of Delta variant
Bloomberg A likely moderation in US hiring in the monthly employment report will give policy makers a measure of the health of the labour market and the threat posed by the delta variant of the coronavirus. The US probably added 750,000 jobs in August, a slowdown from June and July but well above the pace seen earlier this year, according ...
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