Theatres went dark in London’s West End last year, while galleries closed and concert halls stood silent. But there was one creative industry that flourished during lockdown: the reading and publishing of books. Many in the industry, as well as parents and educators, are now hoping the habit will stick around post-Covid. My guess is it just might. HarperCollins, one ...

The coronavirus pandemic, with its lockdowns and travel bans, has prompted an unprecedented shakeup of everything we thought we knew about daily labor. How we work, where and when. There’s never been a better time to also reexamine who toils with us. For many companies, that has meant championing diversity, a crucial consideration for blue-chip employers eager to widen the ...

As the nation reflects on the 100th anniversary of the Tulsa Massacre, in which a White mob razed a prosperous Black community and killed many of its inhabitants, conversations have focused on the economic costs of such racial violence. But to understand where it comes from — and where American society is headed — one must recognise the extent to ...

Bloomberg Germany is leaning towards participating in Deutsche Lufthansa AG’s pending capital increase, according to people familiar with the matter, a move that would boost the airline’s plan to refinance its 9 billion-euro ($11 billion) bailout package. By subscribing to the rights offering, the government would limit dilution of its 20% shareholding, while increasing its chances of success, said the ...

Bloomberg Indian carriers are expected to incur a loss of $8 billion by 2022 as the second Covid-19 wave puts any travel recovery on hold. IndiGo, India’s largest airline, and Air India Ltd will account for $4.5 billion of losses, CAPA Centre for Aviation said in its report India Airline Outlook for the fiscal year 2022. Indian carriers will need ...

Bloomberg Singapore Airlines Ltd said the S$6.2 billion ($4.7 billion) raised through convertible bonds, along with existing cash reserves, should cover its financial needs well into the year ending March 2023, according to a statement. The nation’s flagship carrier was responding to questions from the Securities Investors Association (Singapore) last month about whether it has considered privatisation. Singapore Airlines said ...

Bloomberg E-commerce fashion retailer About You is seeking at least 600 million euros ($732 million) in a Frankfurt listing, betting demand for its party outfits will pick up as lockdowns ease across Europe. The company is looking to list shares on the Frankfurt Stock Exchange in the second quarter, it said in a statement. The initial public offering will include ...

Bloomberg Instacart Inc has an audacious plan to replace its army of gig shoppers with robots—part of a long-term strategy to cut costs and put its relationship with supermarket chains on a sustainable footing. The plan, detailed in documents reviewed by Bloomberg, involves building automated fulfillment centres around the US, where hundreds of robots would fetch boxes of cereal and ...

Bloomberg Nestle SA is working to update its nutrition and health strategy as the world’s largest food company faces criticism over unhealthy products. Nestle is assessing its food and beverage portfolio against external nutrition profiling systems, such as Health Star Rating and Nutri-Score, that help consumers make more informed choices, the maker of KitKat chocolate said in an emailed statement. ...

Bloomberg President Vladimir Putin said Russia doesn’t want to stop using the dollar as he accused the US of exploiting the currency’s dominance for sanctions and warned the policy may rebound on Washington. Russia has to adopt other payment methods because the US “uses its national currency for various kinds of sanctions,” Putin said in St Petersburg at a videoconference ...