Automotive industry | BMW reaps $5.7b in profit, warns on parts shortages

BMW reported 4.8 billion euros ($5.7 billion) in net profit in the second quarter, rounding out a strong earnings season for Germany’s three big automakers as global auto markets continue

SJM awards scholarships to children of staff

SJM Resorts, S.A. (SJM) has recently awarded scholarships to 34 children of staff members at the 17th SJM Scholarship Award Ceremony, the gambling concessionaire announced. The ceremony saw new scholarships awarded

MGM to bring back Macanese dishes to Rossio

MGM announced in a statement that they are the first Integrated Resort in town to support the Macao Government Tourism Office in promoting the city’s Macanese cuisine at the Shanghai

Entertainment | ‘Jungle Cruise’ sails atop box office despite Covid concerns

Despite growing concerns over the delta variant, “Jungle Cruise” still drew moviegoers out to theaters during the film’s opening weekend to sail atop the North American box office. The Disney film

Square to buy installment payment firm Afterpay in $29b deal

Digital payments company Square Inc. says it has agreed to acquire Afterpay, which provides a “buy now, pay later’’ option for merchants, in an all-stock deal valued at about $29

Sheraton launches ‘Stay and Dine’ promo for summer season

Sheraton Grand Macao invites guests to celebrate the summer season in style with the ‘Stay and Dine’ hotel package available for stays from now until September 30, 2021. The ‘Stay and Dine’ hotel package includes

Melco holds patriotic music session

To celebrate the 100th anniversary of the founding of the Communist Party of China, Melco Resorts & Entertainment recently hosted a patriotic music session as part of its “Splendors of China Passport”

IMF sees widening gaps in global recovery, highlights downside risks amid vaccine inequality

The International Monetary Fund (IMF) on Tuesday maintained its global economic growth forecast at 6 percent for 2021, calling attention to widening gaps in global recovery and warning of downside

Bitcoin jumps on speculation that Amazon considering crypto

Bitcoin’s price surged again yesterday after speculation that Amazon may be entering the cryptocurrency sector after it posted a job seeking a “digital currency and blockchain product lead.” Bitcoin jumped

Airports in the US West dealing with shortage of jet fuel

A shortage of jet fuel, coupled with supply chain issues and an urgent demand from firefighting aircraft, continues to cause problems at airports around the West. In Nevada, state and federal

Aviation | Israeli airlines launch first direct flights to Morocco

Two Israeli airlines launched their first commercial flights between Israel and Morocco on Sunday, less than a year after the countries officially normalized relations. Israir’s flight departed Tel Aviv for Marrakech

Tech | China launches 6-month campaign to clean up apps

China’s industry ministry has announced a six-month campaign to clean up what it says are serious problems with internet apps violating consumer rights, cyber security and “disturbing market order.” The Ministry

Daimler: USD4.3 billion quarterly profit despite chip shortage

German auto maker Daimler reaped strong profits in the second quarter as demand for its Mercedes luxury cars continued to rebound from the depths of the pandemic, generating cash that

Japan | Exports, imports zoom amid world pandemic recovery

Japan’s exports in June jumped 48.6% from the year before, marking the fourth straight month of growth, the Finance Ministry said yesterday. Imports for the month grew 32.7%, totaling 6.83 trillion

Sands China brings back shopping carnival

The 2021 Sands Shopping Carnival is coming up this weekend, July 23-25, bringing the city’s largest shopping event of its kind back to The Venetian Macao’s Cotai Expo for a second year. Visitors to the 21,000- square-metre Friday-Sunday carnival can enjoy browsing

The Ritz-Carlton Spa announces new treatments

The Ritz-Carlton Spa, Macau announces three new treatments to ensure guests achieve “the perfect balance of total peace and rejuvenation” this summer: the latest Ultimate HydraFacial, the Summer Soothe Treatment,

Robinhood sees valuation of up to $35 billion as public co.

Robinhood, the online brokerage that found itself embroiled in this year’s meme stock phenomenon, will go public next week seeking a market valuation of up to $35 billion. The company said

Space | Bezos riding own rocket on company’s 1st flight with people

The founder of Blue Origin as well as Amazon today will become the second billionaire to ride his own rocket. He’ll launch from West Texas with his brother, an

Mixed feelings, Johnson in quarantine mar UK’s ‘freedom day’

Corks popped, beats boomed out and giddy revelers rushed onto dancefloors when England’s nightclubs reopened yesterday as the country lifted most remaining restrictions after more than a year of lockdowns,

EU to unveil tough climate rules, with tax on foreign firms

The European Union yesterday unveiled sweeping new legislation to help meet its pledge to cut emissions of the gases that cause global warming by 55% over this decade, including a

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