Ryanair nudges up annual traffic forecast as summer bookings surge
Ryanair (RYA.I) on Monday nudged up its forecast for full-year traffic on strong summer bookings but said fares remained well below pre-pandemic levels as it reported a first-quarter net loss of 273 million euros ($322 million).
S.Korea to toughen rules to collect cryptocurrencies from tax dodgers
South Korea will look to tighten a crackdown on tax evasion by cryptocurrency investors and high-income earners as it seeks fresh revenue to cover rising welfare costs, its finance ministry said on Monday.
Philips beats earnings forecast as it mobilises for respiratory device recall
Dutch health technology company Philips (PHG.AS) on Monday beat analysts’ expectations with a jump in second-quarter core earnings to 532 million euros ($626 million), boosted by its personal health and diagnosis businesses.
China regulator bars Tencent from exclusive rights in online music
China’s market regulator on Saturday said it would bar Tencent Holdings Ltd (0700.HK) from exclusive music copyright agreements and fined the company for unfair market practices in the online music market after its acquisition of China Music Corporation.
Australian wealth manager AMP to revamp financial advice model
Australia’s AMP Ltd (AMP.AX) said on Monday it would move to a new form of financial advice model for clients, marking a shift in the troubled wealth manager’s advice operations as it embarks on a demerger from its infrastructure and property units.
Credit Suisse settles spying case with former star banker
Credit Suisse (CSGN.S) has reached an out-of-court settlement with former star banker Iqbal Khan over allegations of spying that led to the resignation of the Chief Executive Tidjane Thiam, a spokesperson for the Swiss bank said on Sunday.
U.S. judge rules Lithium Americas may excavate Nevada mine site
A U.S. federal judge has ruled that Lithium Americas Corp (LAC.TO) may conduct excavation work at its Thacker Pass lithium mine site in Nevada, denying a request from environmentalists who said the digging could harm sage grouse and other wildlife.
‘Road to space’: billionaire Bezos has successful suborbital jaunt
Jeff Bezos, the world’s richest person, soared some 66.5 miles (107 km) above the Texas desert aboard his company Blue Origin’s New Shepard launch vehicle on Tuesday and returned safely to Earth, a historic suborbital flight that helps usher in a new era of space tourism.
BOJ’s price outlook views muddled by commodity rise, weak spending
Bank of Japan policymakers saw the price outlook muddled by rising global commodity costs and soft consumption, minutes of their June meeting showed, underscoring the central bank’s policy conundrum brought on by the COVID-19 pandemic.
New York, drug distributors reach $1.18 bln opioid settlement as national deal looms
The three largest U.S. drug distributors agreed mid-trial to pay up to $1.18 billion to settle claims by New York state and two of its biggest counties over their role in the nationwide opioid epidemic, the state’s attorney general said on Tuesday.
