BUSINESS
Kia reports 40% jump in Q2 profit riding on high-end SUVs
Net profit for the three months ended in June rose to 1.88 trillion won ($1.43 billion) from 1.34 trillion won in the same period of last year, the company said in a statement. The second-quarter bottom line was buoyed by increased sales of high-end SUV models, decreased incentives and the won's weakness against the dollar, reports Yonhap news agency.
Discover Joy with Amazon Prime Day on July 23 and 24
The exciting Prime Day lineup will include over 70 new launches from renowned and popular fashion and beauty brands, including Allen Solly, Vero Moda, Puma, Adidas, Mamaearth, Maybelline, Fastrack, Fossil, American Tourister, Skybags, Zaveri Pearls, Melorra, Chumbak, Lavie, Lino Peros, L'Oreal Professional, Bath and Body Works, among others.
Akasa Air to launch commercial operation from August 7
The airline said that it will deploy a Boeing 737 Max plane on the route for commercial operation. Flight operations will be conducted on two Boeing 737 Max aircraft. Boeing has already delivered one aircraft and the second one will be delivered later this month. Akasa Air, in a statement issued on Friday, said it has begun sale of tickets on 28 flights that will operate weekly on the Mumbai-Ahmedabad route from August 7.
Snapchat reports $422 mn loss in Q2, shares tank 25%
"Our financial results for Q2 do not reflect the scale of our ambition. We are not satisfied with the results we are delivering," Snap CEO Evan Spiegel said after delivering the second quarter (Q2) results late on Thursday.
2 Indian brothers, 1 Indian-American charged with crypto insider trading scheme in US
Ishan Wahi, 32, a former product manager at Coinbase Global, stayed in Seattle, Washington, along with his brother Nikhil Wahi, 26. They committed the cryptocurrency crime with Indian-American Sameer Ramani, 33, of Houston, the US Department of Justice said in a statement late on Thursday.
Airlines can't charge additional fee for issuing boarding pass: Ministry
Many Airlines currently charge a fee of Rs 200 if a passenger wants the boarding pass to be issued at the check-in counter instead of going for web check-in. "It has come to the notice of the MoCA (Ministry of Civil Aviation) that airlines are charging additional amount from the passengers for issuing boarding passes," the ministry said. This additional amount is not in accordance with the provisions of the Aircraft Rules, 1937, it said.
Oil and gas industry delivered $2.8billion a day in pure profit for last 50 years
The vast total captured by the petrostates and fossil fuel companies since 1970 is $52 trillion, providing the power to "buy every politician, every system" and delay action on the climate crisis, said Professor Aviel Verbruggen, the author of the analysis. The huge profits were inflated by cartels of countries artificially restricting supply.
Restrictions on withdrawals could fuel a banking crisis in China
"The financial system has poor capital turnover and can't cope with demand for liquidity," Jin told RFA. "In the background is the bigger picture of the long-term economic downturn, caused by (the zero-COVID policy)." "This fatal blow to the economy results in a loss of (liquidity), as well as making bank deposits fall at the same time."
Airlines can't charge additional fee for issuing boarding pass: Ministry
Many Airlines currently charge a fee of Rs 200 if a passenger wants the boarding pass to be issued at the check-in counter instead of going for web check-in. "It has come to the notice of the MoCA (Ministry of Civil Aviation) that airlines are charging additional amount from the passengers for issuing boarding passes," the ministry said.
Amazon acquires primary healthcare firm One Medical for $3.9 bn
"Booking an appointment, waiting weeks or even months to be seen, taking time off work, driving to a clinic, finding a parking spot, waiting in the waiting room then the exam room for what is too often a rushed few minutes with a doctor, then making another trip to a pharmacy - we see lots of opportunity to both improve the quality of the experience and give people back valuable time in their days," said Neil Lindsay, SVP of Amazon Health Services.
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