Bloomberg The outcome of a proposed bailout of flag carrier Deutsche Lufthansa AG that’s meeting resistance from its largest shareholder, will impact the savings of thousands of German investors who hold its debt. The troubled airline has more than 3.7 billion euros ($4.2 billion) in outstanding bonds, loans and Schuldschein debt mostly held by German savings banks, insurers, commercial lenders …

Bloomberg Airbus SE plans to pursue voluntary job cuts before seeking forced reductions, as it aims to bring down costs without inciting a political uproar in France and Germany, according to people familiar with the matter. The European planemaker will mandate redundancies only as a last resort after looking at voluntary layoffs and early retirement across its manufacturing operations, said …

Bloomberg London City Airport reopened for passenger flights after a three-month shutdown due to Covid-19, according to a statement by the airport. New safety features include temperature checks, signs and floor markings to help with social distancing and crowd-tracking technology so staff can monitor and direct passengers in large crowds to quieter areas. Passengers are also being asked to wear …

Bloomberg Luxury fashion retailer Valentino has joined a string of retailers suing their landlords to get out of pricey leases after shoppers vanished in the economic lockdown. The US branch of Valentino SpA filed suit in New York State Supreme Court to force 693 Fifth Owner LLC to let it out of its 15-year Manhattan lease nine years early. It …

Bloomberg Stocks advanced in Europe along with US equity futures after manufacturing data from the euro area pointed to further signs of a recovery from the virus slump. Treasuries were steady and the dollar declined. Carmakers and banks led a broad advance in the Stoxx Europe 600 index as Purchasing Managers’ Indexes (PMIs) showed manufacturing in France unexpectedly returned to …

Bloomberg Indian stocks climbed, taking the benchmark index to its highest level in more than three months, after a report of a step back in a border dispute with China. The S&P BSE Sensex added 0.9% to 35,238.03 as of 2:01 pm in Mumbai, while the NSE Nifty 50 Index advanced by 1.1%. Both gauges are set for their biggest …

Bloomberg Oil held near $42 a barrel in London as investors weighed signs of rebounding demand against a resurgence in new coronavirus cases. Opec and its allies are on track to rebalance the oil market and there are encouraging signs of recovery, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman told an Opec+ meeting last week. However, California reported record …

Bloomberg Norway is set to tighten rules for building wind turbines, caving in to massive protests from locals. A government proposal to slow down the development of onshore wind power comes after increasing local resistance mirrors sentiment in other European countries. Norway already decided to scrap a plan for a new permission framework last year. Norway, which has already developed …

Bloomberg The final bids for Virgin Australia Holdings Ltd will show how much appetite private investors really have for an airline industry that’s been battered by the coronavirus pandemic. Private equity firms Bain Capital LP and Cyrus Capital Partners LP made final and binding offers for the airline on Monday, administrator Deloitte said in a statement. The Australian carrier collapsed …

Bloomberg US officials rejected additional flights proposed by Chinese airlines but said they would reconsider if the Beijing government adjusts its policies affecting American passenger carriers. In a statement, the Transportation Department said it disapproved service schedules submitted by four China-based carriers that currently are allowed to make four combined flights to the US each week, plus additional proposals submitted …