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The Daily NewsBrief

The Daily NewsBrief

Economy, business and finance

Macau Shuts Down Malls and Casinos Over COVID Outbreak

July 7, 2022

Macao authorities on Tuesday shut down shopping malls, casinos, and several zones or buildings in a race to control the biggest outbreak in the biggest gambling hub in the world.  … Read more

Media Topic: Tags Economy, business and finance Health Pandemic Safety of citizens Virus disease Places: Places

Sri Lanka Declares Bankruptcy

July 6, 2022

Sri Lankan Prime Minister Ranil Wickremesinghe said Tuesday the country is “bankrupt,” making negotiations with the IMF in securing a bailout package “more difficult and complicated.” “But this time, the … Read more

Media Topic: Tags Economy, business and finance Executive (government) Government budget Government debt Political crisis Places: Places

British Airways to Cancel July Flights

July 6, 2022

The largest airline in the United Kingdom, British Airways (BA), canceled 1,500 more flights for July, on top of the reduced ten percent scheduled flights between April and October.  “We … Read more

Media Topic: Tags Air transport Economy, business and finance Pandemic Travel and tourism Places: Places

UK Antitrust Watchdog Looking Into Amazon’s Business Practices

July 6, 2022

The U.K.’s antitrust regulator announced on Wednesday that it is looking into whether the American e-commerce Amazon is damaging competition by giving its own retail business and sellers who use … Read more

Media Topic: Tags Economy, business and finance Retail Places: Places

Glencore Subsidiary Pleads Guilty to Africa Bribery

June 22, 2022

The Anglo-Swiss trading giant and subsidiary of mining Glencore has formally pleaded guilty to seven counts of bribery involving oil operations across five African countries on Tuesday. Glencore Energy admitted … Read more

Media Topic: Tags Business enterprise Commodity market Corporate crime Economy, business and finance Mining Places: Places

World Markets/17/22

June 16, 2022

After declaring a bear market on Wednesday, the S&P 500 managed to climb 1.4 percent after almost a week of losses.  ET Dow and Nasdaq futures were also down 1.7% … Read more

Media Topic: Tags Business enterprise Economics Economy, business and finance Places: Places

Bank of England Raises Interest Rates to 1.25%

June 16, 2022

The Bank of England has raised interest rates for the seventh time since December to combat surging inflation. In a statement, the Bank of England announced on Thursday that it … Read more

Media Topic: Tags Economy, business and finance Interest rate Places: Places

IKEA To Sell Russian Factories, Layoff Workforce

June 16, 2022

The Swedish furniture company, Ikea, the world’s biggest furniture brand, announced on Wednesday its plans to shut down offices and sell factories in Russia as it continues to invade Ukraine. … Read more

Media Topic: Tags Conflict, war and peace Economy, business and finance Labor Places: Places

Tunisian General Strike to Halt All Transport and Logistics

June 16, 2022

Tunisia’s most prominent labor union will hold a nationwide strike that will cause all international flights to and from the country to be canceled, as well as land and sea … Read more

Media Topic: Tags Economy, business and finance Labor strike Monetary policy Places: Places

Sri Lankan Government Workers Given Day off to Grow Food

June 14, 2022

The government of Sri Lanka approved a four-day work week for public sector employees to encourage them to grow food as the country grapples with its worst financial crisis in … Read more

Media Topic: Tags Economy, business and finance Employment Government policy Places: Places
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