Fans banned at Olympics; Tokyo under state of emergency – The Denver Post
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Mercedes-Benz India H1 retail sales jumps 65%
Expecting ‘bigger’ H2, says official
German luxury carmaker Mercedes-Benz on Thursday reported a 65% growth in its retail sales in India to 4,857 units in the first half (H1) of 2021 driven by new products and strong demand for top-end cars.
The company had sold 2,948 units in the first half of 2020. In the first halves of both last and this year, sales were disrupted due restrictions imposed to curb the first and second waves of the coronavirus pandemic.
“Our H1 2021 sales growth is in line with the market sentiments and strongly underlines a continuing high customer demand for models,” Mercedes-Benz India managing director and CEO Martin Schwenk said in a statement. “We have built a solid order bank on the back of new launches and it is highly satisfying to witness an all-round rise in demand for our products.”
On the outlook, VP sales and marketing Santosh Iyer said, “At this stage, at least on the demand side, we don’t see any letdown as we move into this quarter also. Fundamentally, the H2 surely should be bigger than H1.”
DBS unit net profit, NPAs surge post LVB merger
Confident of long-term prospects: MD
DBS Bank India, the wholly-owned subsidiary of Singapore’s DBS Bank, witnessed a surge in FY21 net profit to ₹312 crore following its merger with the erstwhile Lakshmi Vilas Bank (LVB) but reported a huge spike in dud loans as a result of the amalgamation.
DBS Bank India, which bailed out LVB, had reported a post tax net profit of ₹111 crore in FY20.
Gross non-performing assets of the combined entity shot up to 12.9%, with a bulk of the strain coming from the erstwhile LVB’s portfolio. The net NPAs stood at 2.83% with a provision coverage ratio of 84%.
The bank’s MD and CEO Surojit Shome acknowledged the pain on the asset quality front and the operating losses and called it as being on ‘expected lines.’
“We are confident of realising the long-term prospects of the combined franchise,” Mr. Shome said.
There had been ‘considerable progress’ with the integration of LVB even with the dislocations due to the second wave of the pandemic, he added.
European Economics Preview: Eurozone Producer Price Data Due
Producer price data from euro area is due on Friday, headlining a light day for the European economic news.
At 2.00 am ET, Spain’s monthly unemployment data is due for June. The number of registered unemployed had decreased by 129,378 in May.
At 3.00 am ET, the Hungarian Central Statistical Office is set to publish foreign trade data for April.
At 4.00 am ET, Norway’s unemployment data for June is due.
At 5.00 am ET, Eurostat releases euro area producer price data for May. Producer prices are forecast to climb 9.5 percent on a yearly basis, faster than the 7.6 percent increase seen in April.
Multiple fatalities in Swedish plane crash
STOCKHOLM (REUTERS) – Several people died in the crash of an aeroplane after takeoff outside Orebro, Sweden, on Thursday (July 8), Swedish police said.
“It’s a very severe accident,” Swedish police said on their website.
“Several people have died.”
Police said the plane was carrying nine people.
The Joint Rescue Co-Ordination Centre told TT news agency it was carrying sky divers.
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Watch live: President Biden gives update on U.S. troop withdrawal from Afghanistan
WASHINGTON – President Joe Biden is slated to give an update Thursday on the rapid withdrawal of U.S. troops from Afghanistan as the Taliban makes advances and the country appears increasingly at risk of descending deeper into a civil war.
In April, Biden announced a full withdrawal of U.S. troops from Afghanistan by Sept. 11, effectively ending America's longest war. On Tuesday, the Pentagon said it had completed more than 90% of the entire withdrawal process from Afghanistan.
In recent weeks, the Taliban has made stunning battlefield advances, capturing troves of U.S. military-supplied weapons and vehicles from Afghan forces who have fled or surrendered.
American forces toppled the Taliban in 2001 after the group harbored Osama bin Laden and other al Qaeda leaders who carried out the terrorist attacks of Sept. 11. Two years later, U.S. troops invaded Iraq, a move aimed at removing then-Iraqi President Saddam Hussein.
Twenty years later, America's longest war has cost the lives of around 2,300 U.S. troops and left thousands more wounded. More than 100,000 Afghans are estimated to have been killed or wounded since the conflict began.
'Fox & Friends' hosts hit back at Fauci for telling unvaccinated Americans to 'get over it'
‘Fox & Friends’ slams Fauci for telling unvaccinated Americans to ‘get over it’
Dr. Anthony Fauci hits COVID-19 vaccine hesitancy as ‘political.’ Brian Kilmeade, Ainsley Earhardt and Pete Hegseth react on ‘Fox & Friends.’
The co-hosts of “Fox & Friends” hit back at Dr. Anthony Fauci Thursday for calling Americans’ COVID vaccine hesitancy “political” and telling unvaccinated people to “get over it.”
In an MSNBC interview Wednesday, the nation’s top disease expert expressed frustration with those who continue to refuse the shots that he called highly effective and safe.
“You’ve gotta ask: What is the problem?,” he said. “Get over it. Get over this political statement. Just get over it and try and save the lives of yourself and your family.”
Hegseth said that while he’s fine with leaders asking for people to get vaccinated, the issue remains a personal choice.
“Doctors give you recommendations and information,” he said. “I’ll make the choice then as a result.”
Fox News’ Edmund DeMarche contributed to this report.