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Evergrande Auto: Xie Wu resigns as independent non-executive director.Chart: US market data for Monday, July 20, 2026A U.S. appeals court has dismissed a class-action lawsuit filed over the Boeing (BA.N) 737 MAX 9 aircraft door detachment incident.July 20 (Xinhua) -- Bulgarian Prime Minister Radev said on the 20th that the Bulgarian government has received a request from the United States to deploy up to eight refueling aircraft at the Bezmer Air Base in Bulgaria and will submit it to parliament for approval. Radev stated that the government received the request from the US on the 17th, which aims to support its military operations in the Middle East. The US cited a 2006 intergovernmental defense cooperation agreement between the two countries. This agreement allows the US military to use bases within Bulgaria, including the Bezmer Air Base. Radev said that although the US urgently submitted the deployment request, the Bulgarian government has not yet approved it because, according to Bulgarian law, such a decision must be made by parliament. The government will propose to parliament that the refueling aircraft be deployed at the Bezmer Air Base.July 20 – KPMG Canada Chief Economist Ali Jaffery stated that Canadas June inflation report showed limited evidence of rising energy costs being passed on to goods such as food. The June report indicated that the inflation rate slowed to 2.8% in June from 3.2% in the previous month. Jaffery said that economic literature suggests this transmission could take a year or more to peak, but the slow start is encouraging. He stated that concerns about accelerating commodity price increases due to the combined effect of rising energy prices and US tariffs have not been substantiated. He added that the CPI basket showed "considerable weakness" after excluding travel services; travel service prices rose in June due to the World Cup matches held in Toronto and Vancouver.

Panasonic Anticipates A Rise in Global Automobile Production This Fiscal Year

Aria Thomas

Jun 01, 2022 14:49

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Panasonic (OTC:PCRFY) Holdings Corp, which manufactures batteries for Tesla (NASDAQ:TSLA) and other automakers, stated on Wednesday that it anticipates a recovery in global vehicle production this fiscal year, but that the two-year semiconductor shortage will persist.


Masashi Nagayasu, CEO of the Japanese conglomerate's automotive business, which manufactures in-car infotainment systems and other auto components, stated, "We will operate our business in consideration of the risks of fluctuations in vehicle manufacturing."


Nagayasu stated on the first day of Panasonic's annual investor event that the company has no plans to produce automobiles.


Panasonic, whose automotive division accounts for approximately 14 percent of its entire revenue, anticipates a 19 percent increase in sales for the fiscal year ending in March 2023. It anticipates an operational profit increase of roughly 17 percent.


Due to component shortages caused by COVID-19 lockdowns in China and higher commodity prices as a result of Russia's invasion of Ukraine, the company stated last month that it did not anticipate a profit increase for this fiscal year.


(This item corrects the firm name in paragraph 1 to Panasonic Holdings Corp from Panasonic Corp, and the sales growth forecast in paragraph 4 to 19 percent from 10 percent, and the operating profit forecast to nearly 17 percent from 15 percent decline.)


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