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Airbus SE plans to cut up to 2,500 jobs at its defense and space division in an effort to streamline operations due to consistent financial challenges and competition. The company is in discussions with unions about the job reductions, with a focus on the space section of the division. Airbus has faced difficulties in turning around the business, citing high costs and delayed programs, leading to a review of strategic options including potential restructuring and cooperation models. [Extracted from the article]

(Bloomberg) -- Big Lots Inc. filed for bankruptcy protection, capping a multi-year decline for the discount retailer.The Columbus, Ohio-based company says it filed for Chapter 11 bankruptcy in Delaware, according to a company statement. Chapter 11 allows a company to continue operating while it works out a creditor repayment plan.Big Lots sought court protection after suffering from years of declining same-store sales and closing swaths of locations. Its stores numbered almost 1,400 as of May, according to regulatory filings.©2024 Bloomberg L.P.By Janine PhakdeethamReported by Author [Extracted from the article]

According to a report by the Bundesbank, Germany's economy is not expected to experience a severe recession despite a contraction in the second quarter. The report states that as long as no new negative shocks occur, a significant and long-lasting decline in economic output is not anticipated. The Bundesbank forecasts a slight increase in output in the third quarter, although this will further delay the expected slow economic recovery. Analysts polled by Bloomberg suggest that Germany may face minimal growth this year. The Bundesbank also notes the possibility of the second quarter's preliminary GDP reading being revised due to a lag in receiving important trade and services data. [Extracted from the article]

(Bloomberg) -- Microsoft Corp.'s professional networking platform LinkedIn was back online Wednesday after suffering an outage.Users trying to load the page and app had been greeted earlier with a message that said: "Something went wrong. We're having issues loading this page. Try again."At the height of the outage, more than 48,000 problems were reported, according to Downdetector, which tracks website outages.The cause of the outage wasn't clear, and the company didn't immediately reply to a request for comment.©2024 Bloomberg L.P.By Jackie DavalosReported by Author [Extracted from the article]

(Bloomberg) -- China's high-yield dollar bonds are suffering their sharpest three-day selloff this year, as fresh repayment problems among developers spread. But the market was thrown into fresh turmoil as Wanda warned of a funding shortfall just days before a key dollar-bond payment. [Extracted from the article]

Read More: Argentina's Central Bank Allows Banks to Open Accounts in Yuan A record drought in Argentina is ravaging forecasts for essential commodity exports that help drive growth. (Bloomberg) -- Argentina's economy contracted more than expected in April as a record drought took its toll on trade, a sign that the economy is likely to enter recession later this year. [Extracted from the article]

(Bloomberg) -- The UK's Port of Dover is suffering long queues as staffing shortages disrupt trips across the English Channel, a sign that travel strife may intensify as school holidays get underway. Europe's busiest ferry port has already had to expand the number of French border-control booths by 50% for the summer, citing the increased level of checks post-Brexit. [Extracted from the article]

Europe's busiest ferry port has already had to expand the number of French border-control booths by 50% for the summer, citing the increased level of checks post-Brexit. (Bloomberg) -- The UK's Port of Dover is suffering long queues as staffing shortages disrupt trips across the English Channel, a sign that travel strife may intensify as school holidays get underway. [Extracted from the article]

(Bloomberg) -- Apple Inc. suffered a widespread outage on Monday, knocking services such as Apple Music, iCloud and the App Store offline for some users and briefly hobbling its internal corporate and retail systems. Apple has told staff that the outage stemmed from domain name system, or DNS, problems. [Extracted from the article]

The outage has hindered product repairs, swaps and item pickups, and corporate workers have limited ability to communicate and access internal websites. (Bloomberg) -- Apple Inc. suffered a widespread outage on Monday, knocking services such as music, iCloud and maps offline for some users and hobbling its internal corporate and retail systems. [Extracted from the article]

A.P. Moller-Maersk A/S, a major transport company, has decided to leave Russia due to the country's long-term economic challenges. The company will sell its holdings in four Russian ports and has stopped taking new orders for container shipments to and from Russia. Maersk's outgoing chairman, Jim Hagemann Snabe, stated that while leaving Russia will be expensive, it is the right decision both morally and financially, as the country's economy is not expected to grow for a long time. The decision is based on Maersk's track record of dealing with crises worldwide. [Extracted from the article]

The hedge fund is the latest investor to suffer big losses following the invasion and subsequent sanctions designed to financially isolate Russia. (Bloomberg) -- One hedge fund team at BlackRock Inc. saw Vladimir Putin's invasion of Ukraine as a chance to buy more of the country's stocks. [Extracted from the article]

The new report Monday from the German think tank shows Russia is being hurt the most by the sanctions -- with a projected 11.8% drop in exports in February compared a month earlier. (Bloomberg) -- Nearly all economies are already seeing a drop in international trade tied to disruptions triggered by Russia's war in Ukraine, according to the Kiel Institute for the World Economy. [Extracted from the article]

"President Putin has chosen a premeditated war that will bring a catastrophic loss of life and human suffering", Biden said in a statement late Wednesday. Biden Says U.S. Will Impose "Further Consequences" on Russia (Bloomberg) -- President Joe Biden announced he would impose "further consequences" on Russia after Vladimir Putin ordered troops into eastern Ukraine. [Extracted from the article]

Read: Lebanon's Former PM Saad Hariri Bows Out of Political Life The country is facing one of the world's worst economic crises -- its currency has dived, while inflation and unemployment have soared. World Bank Says Lebanon Suffering From a "Deliberate Depression" (Bloomberg) -- Lebanon is suffering a "deliberate depression" orchestrated by the Middle East nation's elites, according to the World Bank. [Extracted from the article]

(Bloomberg) -- Amazon.com Inc.'s Alexa voice assistantservice is reportedly suffering outages in Europe. The Seattle-based technology giant'scloud business Amazon Web Services suffered at leastthree outages in December. [Extracted from the article]

Sanofi and Glaxo, two of the vaccine industry's biggest players, must show they still have a role to play in the pandemic after a dosing error forced them to restart a clinical trial. (Bloomberg) -- Sanofi and GlaxoSmithKline Plc, the pharma giants that stumbled in the race to develop a Covid-19 shot, said their experimental vaccine works as a booster but suffered yet another delay with the main clinical trial results. [Extracted from the article]

ALLTOP, BUSINESS, CORONAVIR, COS, DRG, EUROPE, GEN, GOV, HEA, INDUSTRIES, POL, TOP, UK, WORLD, WWTOP, WWTOPAM, WWTOPEU Keywords: ALLTOP; BUSINESS; CORONAVIR; COS; DRG; EUROPE; GEN; GOV; HEA; INDUSTRIES; POL; TOP; UK; WORLD; WWTOP; WWTOPAM; WWTOPEU EN ALLTOP BUSINESS CORONAVIR COS DRG EUROPE GEN GOV HEA INDUSTRIES POL TOP UK WORLD WWTOP WWTOPAM WWTOPEU (Bloomberg) -- Boris Johnson suffered the biggest rebellion of his tenure as dozens of Conservatives voted against plans to bring in Covid passes to gain entry to nightclubs and other venues in England. [Extracted from the article]

Keywords: ALLTOP; BUSINESS; CORONAVIR; COS; DRG; EUROPE; EURTOP; GEN; GOV; HEA; INDUSTRIES; POL; TOP; UK; WORLD; WWTOP; WWTOPAM; WWTOPEU EN ALLTOP BUSINESS CORONAVIR COS DRG EUROPE EURTOP GEN GOV HEA INDUSTRIES POL TOP UK WORLD WWTOP WWTOPAM WWTOPEU (Bloomberg) -- Boris Johnson suffered the biggest rebellion of his tenure as dozens of Conservatives voted against plans to bring in Covid passes to gain entry to nightclubs and other venues in England. But 96 Tories opposed it, along with two so-called tellers, eclipsing the 55-strong rebellion Johnson suffered a year ago, also on coronavirus measures. [Extracted from the article]

Uber said it will comply with the ruling, but that the judgment applies to every private hire operator in London, not just it. Uber Technologies Inc. lost a bid to challenge part of a landmark ruling on the working rights of its drivers, meaning the ride-hailing app and its London rivals will have to overhaul their business models and assume more responsibility for each trip booked on their app. [Extracted from the article]

(Bloomberg) -- President Joe Biden is "healthy" and remains "fit to successfully execute the duties of the presidency", his doctors said Friday after he underwent a routine physical exam and colonoscopy just a day before his 79th birthday. Biden's 2019 report, signed by O'Connor, who is now the president's official physician, listed an "irregularly irregular" heartbeat, high levels of fat in the blood, acid reflux and seasonal allergies. Biden's Doctors Say He's "Healthy" But Suffers Stiff Gait. [Extracted from the article]

And Stephanie Grisham, a press secretary to former President Donald Trump, insinuated in her memoir that the former president underwent a colonoscopy in 2019 but hid the fact from the public. (Bloomberg) -- President Joe Biden is "healthy" and remains "fit to successfully execute the duties of the presidency", his doctors said Friday after he underwent a routine physical exam and colonoscopy just a day before his 79th birthday. Biden's Medical Team Says He's "Healthy" But Suffers Stiff Gait. [Extracted from the article]

Zambia suffered a nationwide power blackout on Saturday, leaving a large part of the country without electricity for the second time in a month. State-owned electricity utility Zesco Ltd. spokesman John Kunda confirmed the outage in comments broadcast Saturday morning on privately owned MUVI TV. [Extracted from the article]

State-owned electricity utility Zesco Ltd. is working on finding the cause, spokesman John Kunda said in comments broadcast Saturday morning on privately owned MUVI TV. Zambia suffered a nationwide power blackout on Saturday, leaving a large part of the country without electricity for the second time in a month. [Extracted from the article]

That said, executives including Chief Financial Officer Amy Shapero, stressed that the long-term outlook for Shopify, and e-commerce overall, remains strong, with growth in the company's global merchant base likely to underpin future results. There are increasing logistics costs and things like this", Tobi Lutke told analysts during Shopify's third-quarter earnings call Thursday. (Bloomberg) -- Shopify's co-founder and chief executive officer says some online merchants are suffering in the face of a challenging macro-economic background -- but it's still too early to tell what that means for inflation. [Extracted from the article]

Malaysian palm oil exports fell 14% in the first 20 days of October from a month earlier, according to cargo surveyor SGS Malaysia on Thursday, with shipments to India and China tumbling 18% and 28% respectively. (Bloomberg) -- Palm oil futures in Malaysia reversed earlier gains to a record to close lower for the first time in four days, depressed by prospects of increased production this month in second-biggest grower Malaysia. [Extracted from the article]

(Bloomberg) -- Europe's energy-intensive industries at the core of the continent's manufacturing prowess are feeling the squeeze from higher gas prices. Chemicals BASF SE, Europe's largest chemicals firm, has cut back ammonia production -- important for a range of products including fertilizer -- at plants in Germany and the Netherlands. [Extracted from the article]

A steep surge in inflation in the euro area has started to take its toll on the economy, according to a survey by IHS Markit. "The economy enters the final quarter of the year on a slowing growth trajectory", Williamson said. [Extracted from the article]

(Bloomberg) -- A defeat for Germany's conservatives at weekend elections would be a blow for the center-right European People's Party, according to Austrian Chancellor Sebastian Kurz. "As a Christian Democrat I hope that the CDU/CSU will win, because we think it is important that Germany keeps a business-friendly approach, that Germany stays competitive", Kurz said in New York, where he's attending the United Nations General Assembly. [Extracted from the article]

District Judge Edward Davila on Thursday ordered the filings unsealed over the objections of lawyers for Holmes and Balwani. Keywords: 1070L; 3685511Z; ALLTOP; BUSINESS; COS; GEN; GENTOP; GLOBALMACR; HEA; INDUSTRIES; LAW; NORTHAM; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPEU EN 1070L 3685511Z ALLTOP BUSINESS COS GEN GENTOP GLOBALMACR HEA INDUSTRIES LAW NORTHAM TOP US WORLD WWTOP WWTOPAM WWTOPEU Unsealed court filings in the criminal case against Elizabeth Holmes reveal that her lawyers have been preparing a defense that the Theranos Inc. founder suffered "a decade-long campaign of psychological abuse" at the hands of Ramesh "Sunny" Balwani, her former romantic partner and president of the company. [Extracted from the article]

District Judge Edward Davila on Thursday ordered the filings unsealed over the objections of lawyers for Holmes and Balwani. Holmes was charged alongside Balwani, but their trials were separated by a judge, with the reasoning kept under seal until Saturday. [Extracted from the article]

Keywords: 1070L; 3685511Z; ALLTOP; BUSINESS; COS; GEN; GENTOP; GLOBALMACR; HEA; INDUSTRIES; LAW; NORTHAM; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPEU EN 1070L 3685511Z ALLTOP BUSINESS COS GEN GENTOP GLOBALMACR HEA INDUSTRIES LAW NORTHAM TOP US WORLD WWTOP WWTOPAM WWTOPEU Unsealed court filings in the criminal case against Elizabeth Holmes reveal that her lawyers have been preparing a defense that the Theranos Inc. founder suffered "a decade-long campaign of psychological abuse" at the hands of Ramesh "Sunny" Balwani, her former romantic partner and president of the company. Elizabeth Holmes's Lawyers Say She Suffered "Decade-Long" Abuse District Judge Edward Davila on Thursday ordered the filings unsealed over the objections of lawyers for Holmes and Balwani. [Extracted from the article]

(Bloomberg) -- Denver was under pollution alert Mondayafter suffering the worst air quality among the world'smajor cities over the weekend -- and another round of smokeis in the forecast for Tuesday. The Colorado capital was ranked No. 1 on the IQAirpollution index Saturday afternoon and slipped to No. 2 onSunday as smoke from California wildfires blanketed thecity at the base of the Rocky Mountains. The National Weather Service maintained a hazardous weatheralert for Denver and vicinity on Monday and called for"widespread smoke" into Tuesday. [Extracted from the article]

The National Weather Service maintained a hazardous weatheralert for Denver and vicinity on Monday and called for"widespread smoke" into Tuesday. Denver was ranked No. 1 on the IQAir pollution indexSaturday afternoon and slipped to No. 2 on Sunday as smokefrom California wildfires blanketed the city at the base ofthe Rocky Mountains. (Bloomberg) -- Denver, Colorado, was under pollution alertMonday after suffering the worst air quality among theworld's major cities over the weekend -- and another roundof smoke is in the forecast for Tuesday. [Extracted from the article]

The National Weather Service extended an air quality alertfor Denver into Monday and forecast a high temperature of95 degrees Fahrenheit. (Bloomberg) -- Denver, Colorado, faced a pollution alertMonday after suffering the worst air quality among theworld's major cities over the weekend. [Extracted from the article]

(Bloomberg) -- Mukesh Ambani's planned $3.4 billionpurchase of an indebted retailer suffered a blow afterAmazon.com Inc. won a court battle to halt thetransaction, disrupting the Indian tycoon's ambitions totake on the U.S. e-commerce giant in the $1 trillionlocal market. Amazon had approached thearbitration court in the city-state, and the parties willnow have to wait for the deliberations of that bodybefore a final decision. [Extracted from the article]

"The inequalities between women and men in the world of work thathave been exacerbated during the Covid-19 pandemic will persist inthe near future", the ILO said. The disproportionate hit that Covid-19 dealt to female workers is set toendure, with men's employment recovering more quickly thanwomen's, according to the International Labour Organization. [Extracted from the article]

The ratio of sales to new listings, or how fastdemand is soaking up new supply, was 69.2% in June, thelowest reading since last August. (Bloomberg) -- Canadian home sales fell again as the marketshifts into a lower gear from the record pace set at thebeginning of the year, but sellers still hold the upperhand in much of the country. [Extracted from the article]

(Bloomberg) -- A retail trade union warned U.K. Prime Minister Boris Johnson that making face masks a personal choice in shops could stoke abuse and even violence against store employees. Usdaw, the shopworkers' trade union, backs the World Health Organization's guidance that masks should remain mandatory in shops. [Extracted from the article]

(Bloomberg) -- Akbank TAS, Turkey's second-largest lender by market value, said it will gradually restore operations after suffering widespread system outages since early Tuesday, which prompted it to accept a delay in payments owed by customers. Loan and credit card payments can be made a day later without accruing any interest because an issue in the bank's mainframe computer was affecting all customer services, Akbank said in an emailed statement on Wednesday. [Extracted from the article]

(Bloomberg) -- Akbank TAS, Turkey's second-largest lender by market value, said it's been suffering widespread system outages since early Tuesday that prompted it to accept a delay in payments owed by customers. In 2016, Akbank said it had intervened to stop a cyber attack, which was then part of a wave of assaults on financial systems worldwide via the Swift global money transfer network. [Extracted from the article]

(Bloomberg) -- Canada's economy shrank less than expectedduring the third wave of Covid-19, proving surprisinglyresilient despite the lockdowns. "The Canadian economy hit a rough patch in April and May,but the ride wasn't as bumpy as expected", Royce Mendes,an economist at Canadian Imperial Bank of Commerce, saidin a report to investors. [Extracted from the article]

(Bloomberg) -- Investors are still headed for the exits at Renaissance Technologies, pulling $11 billion from the quant giant in seven months. Disgruntled by subpar returns, clients have now redeemed -- or asked to redeem -- more than a quarter of the capital that Renaissance manages in hedge funds with outside money, according to investor documents seen by Bloomberg. The exodus marks a setback for legendary investor Jim Simons, the military codebreaker and mathematician who started Renaissance and turned it into one of the industry's most successful hedge fund firms. [Extracted from the article]

(Bloomberg) -- Thailand plans to fully reopen to foreign visitors in 120 days and give at least one dose of vaccine to the majority of residents by early October to revive the tourism-reliant nation's economy, Prime Minister Prayuth Chan-Ocha said. Some tourist destinations should be ready for fully vaccinated visitors without any quarantine requirement sooner than the wider reopening, with Phuket as the "pilot", Prayuth said in a national address on Wednesday. The country aims to vaccinate 10 million people a month from July and has ordered 105.5 million doses of vaccines for this year, more than the country's target, he said. [Extracted from the article]

(Bloomberg) -- Canada's labor market weakened for a second month amid widespread restrictions to control a third wave of Covid-19. Canada's economy remains 571,100 jobs shy of pre-pandemic levels. [Extracted from the article]

The Eiffel Tower is getting ready to welcome visitors again starting in mid-July as restrictions linked to the coronavirus ease throughout France. Read more: From Paris Cafes to Roman Gelato, Europe Is Finally Reawakening The operator's representatives told Agence France-Presse that about 10,000 tourists will be able to visit per day, as opposed to 25,000 in normal times. [Extracted from the article]

(Bloomberg) -- Poland suffered a setback in yet another European Unioncourt clash over the government's sweeping reforms to its judicialsystems, focusing this time on a controversial disciplinary regime forjudges. The EU's top court six months later backed the EU's request for interimmeasures, ordering Poland to "immediately suspend" the regime. [Extracted from the article]