The Australian government is backing telecommunications giant Telstra to potentially buy out Digicel’s mobile operations in the South Pacific, amid concerns a Chinese-backed company could swoop in and establish a foothold for Beijing to expand its influence. On July 19, Telstra confirmed discussions were underway for a buyout, but there was no certainty around a…
Australian Government Moves to Block China via Telco Takeover of Pacific Telecom
July 19, 2021
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OPEC+ Agrees Oil Supply Boost After UAE, Saudi Reach Compromise
MOSCOW/DUBAI/LONDON—OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year highs as the global economy recovers from the coronavirus pandemic. The group, which includes OPEC countries and allies like Russia, crucially agreed new production allocations from May 2022 after Saudi Arabia and others agreed to…
Top Wall Street Executives Say Inflation Could Be Worse Than Predicted
Two of Wall Street’s top CEOs have differing views on inflation, but both diverge from the Federal Reserve’s predictions that price increases are transitory and will fade away once the supply shocks and other pressures ease. Larry Fink, chairman and CEO of BlackRock, the world’s largest asset manager is convinced that inflation is not temporary…
Portugal Flights Disrupted in Second Day of Airports Strike
LISBON, Portugal—A strike by airport baggage handlers and ground crews in Portugal was expected to cause a second day of disruption Sunday, with most flights into and out of Lisbon canceled. The 48-hour walkout forced the cancellation of around 300 flights on Saturday, mostly in Lisbon. Long lines formed as stranded passengers sought to rearrange…
‘A Good Sign’: Fewer People File for Unemployment in States Cutting Federal Bonus, Data Shows
States that withdrew from the federal pandemic unemployment bonus in June saw improving jobs numbers and fewer individuals filing for benefits compared to other states, Department of Labor data analyzed by the Daily Caller News Foundation showed. “I continued to see increases in the number of unemployed and, in some weeks, increases in the new…
200 Flights Cancelled at Lisbon Airport at Start of Strike
LISBON—Two hundred flights were cancelled at Lisbon airport on Saturday at the start of a two-day strike by Groundforce handling company workers, with more cancellations likely before the action ends on Sunday evening, the company that manages Portugal’s airports (ANA) said. A spokesman for the Union of Airport Handling Technicians, which called the strike, told…
Target Removes J&J Sunscreens From Stores, Website
Target Corp said on Friday it has removed Johnson & Johnson’s (J&J) Neutrogena aerosol sunscreen products from its stores and website after the pharmaceutical company said it had detected a cancer-causing chemical in some samples. Pharmacy chains CVS Health Corp, Walgreens Boots Alliance Inc and retailer Walmart Inc have also pulled J&J’s sunscreen off their…
Air Cargo Company That Ditched Plane Off Hawaii Is Grounded
A cargo airline whose plane ditched into the ocean off Hawaii has been grounded after investigators looked into the company’s safety practices before the accident. The Federal Aviation Administration said Friday that it will bar Rhoades Aviation of Honolulu from flying or doing maintenance inspections until it meets FAA regulations. The agency did not detail…
Knowing Your Strengths and Finding What You Do Well
Did you enjoy doing something as a kid, but wrote it off as silly? Were you discouraged from pursuing something you really enjoyed when you were younger? As a result, you might feel unsatisfied and frustrated with your direction in life. Meaningful, fulfilling work happens when you use your talent (what you do best), to…
US Retail Sales Unexpectedly Rise in June
WASHINGTON—U.S. retail sales unexpectedly increased in June as demand for goods remained strong even as spending is shifting back to services. The rebound in sales reported by the Commerce Department on Friday was despite purchases of motor vehicles declining again because of a lack of supply caused by a global semiconductor shortage. The scarcity of…
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