Newsletter Aug 26, 2022
UK leadership candidate Sunak attacks COVID lockdown response

Former finance minister Rishi Sunak, one of two candidates vying to be Britain's next premier, criticised the way outgoing Prime Minister Boris Johnson handled the COVID-19 pandemic.


 
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Canada's OpenText to buy British software firm Micro Focus in $6 billion deal

Canadian software company OpenText said on Thursday it would acquire Britain's Micro Focus International Plc in an all-cash deal that values the enterprise software maker at $6 billion including debt.


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Oil prices edge up on signs of improving demand

Oil prices rose in early trade on Friday on signs of improving fuel demand, though gains were capped as the market awaited clues from the U.S.

Tesla shares in the limelight as 3-1 stock split kicks in

Tesla Inc's shares take center stage on Thursday after the world's most valuable automaker split its stock for the second time in as many years to woo more retail investors.

Fuel prices cloud Norwegian Air's improving performance

Norwegian Air reported a second-quarter net profit on Thursday amid a surge in demand for air travel in Europe after pandemic restrictions were lifted, and was helped by reversal of an impairment charge related to its dispute with Boeing.

Stocks, euro edge higher as markets await Jackson Hole signals

Share markets pushed higher and Europe's bond markets and euro stole a breather from energy-price driven sell-offs on Thursday, as investors waited to hear the latest reaction of the world's top central bankers to soaring inflation.

German economy grew in second quarter, better than feared

Germany's economy grew slightly in the second quarter, an upgrade from a previous estimate of stagnation, revised official data showed Thursday, pushing back the spectre of recession.

U.S. retailers slash clothing prices as shoppers cut purchases

Inflation-weary U.S. shoppers have been skimping on clothing purchases, prompting retailers to slash prices to clear inventory off the racks.

Tesla wants videos of its cars running over child dummies taken down by safety group

Tesla Inc has demanded a safety advocacy group take down videos of its vehicles running over child dummies when its driver assistant system was engaged

Lufthansa pilots reject wage offer, could go on strike anytime

Pilots at Lufthansa have rejected a wage offer by Germany's flagship carrier and could go on strike anytime, union VC said on Thursday, as a dispute over pay continues.

Former British ambassador to Myanmar detained in Yangon

Vicky Bowman, who served as envoy from 2002 to 2006, was detained for failing to declare she was living at an address different from the one listed on her foreigner's registration certificate

Finnish journalists on trial in rare defence intelligence case

Three journalists from Finland's largest daily are expected to appear in a Helsinki court on Thursday, suspected of publishing classified defence intelligence in an unprecedented case for the Nordic country renowned for its press freedom.

UN rights chief 'under tremendous pressure' over report on China's Uyghurs

The UN human rights chief said on Thursday that she is still aiming to release a long-anticipated report on China's treatment of its Uyghur minority in Xinjiang by the end of her four-year mandate next week amid "tremendous pressure" from all sides.

EU to urge big polluters to toughen climate pledges by COP27 summit

The European Union will urge the world's biggest economies to improve their targets to fight climate change ahead of this year's U.N.

Europeans cross borders to get monkeypox vaccine

The virus, which is rarely fatal but can cause extremely painful lesions, has overwhelmingly affected men who have sex with men, some of whom have sought to swiftly get vaccinated.

British Museum showcases ancient vessels smashed in Beirut blast

Eight ancient glass vessels shattered in the 2020 Beirut explosion go on display at the British Museum from Thursday.

 
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