Gaza grape farmers suffer amid Israeli blockade, pandemic
Trump: ‘Delay election’ because it will be the ‘most inaccurate and fraudulent in history’
Donald Trump has claimed that November’s presidential election will be the “most inaccurate and fraudulent in history”.
Criticising the country’s plans for universal mail-in voting, he wrote on Twitter: “It will be a great embarrassment to the USA. Delay the Election until people can properly, securely and safely vote???”
HDFC Q1 profit rises 15% at ₹4,059 crore
HDFC had registered a net profit of ₹3,540 crore in the same quarter a year ago
The country’s largest mortgage lender HDFC on Thursday reported 15% rise in consolidated net profit at ₹4,059 crore for June quarter, 2020-21.
The company had registered a net profit of ₹3,540 crore in the same quarter a year ago.
The total income rose 29% to ₹29,959 crore in April-June, 2020-21 as against ₹23,240 crore in the same period of 2019-20, HDFC said in a regulatory filing.
As most part of the quarter was under lockdown to prevent spread of COVID-19, HDFC said given these circumstances, the current and previous year’s numbers are not directly comparable.
“Owing to the national lockdown, the retail business was impacted during the quarter. However, successive month-on-month improvements have been seen in the individual loan business since April 2020, with June disbursements being 68% of the corresponding month in the previous year and the increasing trend continuing in the month of July 2020,” it said in a release.
HDFC stock was trading at ₹1845.80 on BSE, down 1.79% from previous close.
Boaters marooned by coronavirus sap Brunswick's summer inventory
Boat sales surge during coronavirus
SailTime Chief Operating Officer Bob Remsing discusses his business, which connects people who would like to share a boat, and the 200 percent increase in volume this year.
Brunswick Corp.'s boat stockpiles were wiped out as the COVID-19 pandemic spurred a surge in demand at the same time production facilities were closed to help slow the spread of the virus.
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The conditions caused a 34 percent decline in boat inventory and left the Lake Forest, Illinois-based leisure products manufacturer with the lowest mid-season levels in almost 20 years.
The company's second-quarter net sales fell 15.1 percent year-over-year to $987.8 million, outpacing the $807.28 million that analysts surveyed by Refintiv were expecting. Adjusted earnings of 99 cents per share topped estimates of 45 cents.
“Demand in the U.S. retail marine market accelerated into May and June resulting in robust new boat and engine sales, with sales to first-time purchasers or returning lapsed boaters representing approximately half of new boat sales,” CEO David Foulkes said in a statement. “All our businesses outperformed our expectations in the quarter.”
This story is developing. Check back for updates.
Thailand's military under scrutiny over treatment of conscripts
A dream shattered. A family still seeking answers about how their teenage son died while training for the Thai military.
The treatment of military cadets in Thailand is under scrutiny, as thousands take part in an annual recruitment drive.
The armed forces have been accused of allowing abusive initiation rituals.
And some families of dead cadets are speaking out.
Al Jazeera’s Scott Heidler reports from Bangkok, Thailand.
Diebold Nixdorf Inc. Q2 adjusted earnings Beat Estimates
Below are the earnings highlights for Diebold Nixdorf Inc. (DBD):
-Earnings: -$23.7 million in Q2 vs. -$50.3 million in the same period last year.
-EPS: -$0.31 in Q2 vs. -$0.66 in the same period last year.
-Analysts projected $0.01 per share
-Revenue: $890.5 million in Q2 vs. $1150.2 million in the same period last year.
Full year revenue guidance: $3.7B – $3.9B
AU Optronics Q2 Loss Widens
AU Optronics Corp. (AUO) reported that its net loss attributable to owners of the company for the second quarter of 2020 widened to NT$2.96 billion or NT$0.31 per basic share, from NT$2.68 billion or NT$0.28 per basic share in the prior-year.
Revenues for the second quarter of 2020 were NT$63.50 billion, down from NT$70.07 billion in the prior year.
In the second quarter of 2020, large-sized panel shipments totaled around 30.71 million units, up by 37.0% quarter-over-quarter. Shipments of small-and-medium-sized panels in the same quarter were around 29.09 million units, down by 1.5% quarter-over-quarter.
Looking into the third quarter, as channel inventory is currently at a healthy level, restocking demand from customers is expected to continue. However, the impact from COVID-19 and other uncertainties on the economic outlook should still be closely observed. Meanwhile, the company will keep focusing on its value transformation and field economy strategy, in the hopes that this approach will gradually deliver meaningful results in the near future.
Latin America: Millions at risk of famine as COVID-19 cases surge
A warning that millions of people in Latin America could go hungry this year, because of COVID-19.
The United Nations’ World Food Programme (WFP) has warned at least 14 million people in Latin America are at risk of starvation as the region reels from the economic impact of the coronavirus pandemic.
Many countries are being forced to expand restrictions and extend lockdowns to stop the spread of the virus.
Al Jazeera’s Manuel Rapalo reports.
Gaza grape farmers suffer amid Israeli blockade, pandemic
Despite a good rainfall and fertile soil, the business has left a sour taste for Gaza grape farmers.
It is the peak grape harvesting season in Gaza, but farmers say they are barely covering their expenses.
This year has been particularly difficult because of the pandemic and the economic hardships caused by the continuing Israeli blockade.
To combat that, the agriculture ministry is trying to encourage people to buy local produce instead of imported grapes.
Al Jazeera’s Nida Ibrahim reports.