One biracial athlete carried Japan’s flag at the opening ceremony of the Tokyo Olympics, another lit the cauldron and both global sports stars put a spotlight on what has been dubbed the “Unity in Diversity†games. Flag-bearer and NBA player Rui Hachimura and four-time Grand Slam tennis champion Naomi Osaka were front and center at the start of the games ...
Read More »Should Mexico probe Amlo’s predecessors
President Andres Manuel Lopez Obrador is asking Mexicans to decide whether his five predecessors should be investigated for alleged wrongdoing, part of an effort to retain his anti-graft credentials and rally his support base, even though the vote’s results are likely to be toothless. Supporters of that idea have placed posters around the country depicting fake mug shots of the ...
Read More »Joe Biden struggles with the Delta variant
President Joe Biden is struggling with a surge in coronavirus cases, an impending wave of evictions and a spike in consumer prices that have left the White House looking unprepared and threaten to undermine months of more sure-handed work on the pandemic. Biden surprised Congress owith a last-minute plea to extend a moratorium on evictions, two days before the ban’s ...
Read More »Grounded pilots swamp recruiters in fight for jobs
Bloomberg When UK-based Goose Recruitment kicked off a recent campaign to find 30 Boeing Co 737 cargo pilots for a client in Europe, 400 resumes poured in within 48 hours. Most of the applicants used to fly commercial passenger jets. “Pre-Covid, most airline pilots would look down their noses at flying cargo,†Goose’s Chief Executive Officer Mark Charman said in ...
Read More »Qantas Air sells old seats to travellers awash with miles
Bloomberg Qantas Airways Ltd will auction off items including a pair of old A380 business-class seats in a points-for-prizes sale to use up air miles amassed by frustrated travelers during the pandemic. Daily auctions kicking off next week include 2-1/2 hours in a Boeing Co 787 simulator for at least 50,000 loyalty points, Qantas said. Bids for a private charter ...
Read More »Online retailers tumble after Amazon sales damp outlook
Bloomberg Shares of e-commerce companies fell sharply, with several seeing their steepest declines in months, after Amazon.com Inc’s weaker-than-anticipated sales damped the outlook for other retailers. Amazon shares fell as much as 8.1%, their biggest one-day intraday drop since May 2020. That came after its revenue lagged forecasts for the first time since 2018, according to data compiled by Bloomberg, ...
Read More »Boeing jumps on first profit since 2019 as Covid woes ease
Bloomberg Boeing Co earned a profit for the first time in nearly two years, surprising Wall Street and hinting at a budding turnaround after one of the worst financial crises in the planemaker’s century-long history. The shares jumped. Adjusted earnings of 40 cents a share weren’t the only sign of progress in the company’s second-quarter financial results. In addition, the ...
Read More »British aviation regulator to oversee space for ‘launches’
Bloomberg Britain’s aviation regulator will now oversee space, gearing up for what’s expected to be a surge in missions as the cost of commercial launches tumbles. The Civil Aviation Authority will take on the role immediately and accept applications from any company that wants to operate under a UK space license, it said. Potential customers include satellite firms and spaceflight ...
Read More »Dole drops 9.4% after trading debut
Bloomberg Dole Plc, the world’s largest produce company, fell 9.4% in its trading debut after delaying and downsizing its US initial public offering to raise $400 million. Share’s of Dublin-based Dole, which sold at the bottom of a lowered range for $16 in the IPO, opened trading at $15 and closed at $14.50 in New York trading, giving the company ...
Read More »Malaysia defers parliament sitting amid calls for PM to quit
Bloomberg The final session for Malaysia’s special parliament sitting on Monday has been postponed indefinitely because of an outbreak of Covid cases, likely easing pressure on embattled Prime Minister Muhyiddin Yassin amid mounting calls for him to resign. The deferment follows an assessment by the health ministry, which found the parliament building to be at risk of a spread in ...
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