Barclays Plc Chief Executive Officer Jes Staley has proved skeptics wrong: Hanging on to the British bank’s large securities business has been a blessing, especially during the pandemic. Staley was under pressure at various points to cut back on riskier trading activities. He held off and his firm — like its Wall Street peers — has prospered, riding the wave ...

With a month to go before a showdown with activists at its annual meeting, Exxon Mobil Corp is putting its best face forward. The activist argument rested on two pillars. First, Exxon’s strategy for managing the energy transition was, at best, unclear and at worst barely in existence. Exxon has moved to defang that with a shift in messaging around ...

Bloomberg Deutsche Lufthansa AG reined in capacity plans and London’s Heathrow airport lowered passenger forecasts as new waves of coronavirus infections dent prospects for a travel rebound by the start of summer. Lufthansa now expects to offer only 40% of its pre-pandemic capacity for 2021 as a whole, according to a statement, a figure that’s below the level it has ...

Bloomberg Passengers on airplanes, buses and railroads in the US will have to keep wearing masks to guard against the spread of Covid-19 as federal officials extended a mandate that was set to expire within days through the busy summer travel season. The Transportation Security Administration (TSA) announced it was extending the mandate through September 13. The move is in ...

Bloomberg Amazon.com Inc will supplant Walmart Inc as the biggest US retailer by 2025, according to a new report, suggesting the e-commerce giant has too much momentum for Walmart to stop despite big investments in its own e-commerce offerings. By 2025, US shoppers will buy $632 billion worth of products at Amazon and retail afflilites including Whole Foods Market, surpassing ...

Bloomberg Virgin Atlantic Airways Ltd said places tipped to be on a UK list of destinations set to reopen from mid-May could bring back a significant portion of its pre-coronavirus business, shrinking losses this year. The US, Israel and the Caribbean accounted for 80% of Virgin Atlantic’s 2019 network and could all feature on the list set to be revealed ...

Bloomberg North Korea is pushing back at President Joe Biden’s comment labeling the country a serious threat, and issued new warnings to South Korea for not stopping activists from sending anti-Pyongyang leaflets across the border. Biden’s comment on North Korea was “intolerable,” Kwon Jong Gun, director general of the Asian country’s Department of US Affairs of the Foreign Ministry, said ...

Bloomberg China has sent its Shandong aircraft carrier for military training in the South China Sea and plans to continue similar exercises, the state-owned Global Times said. The training conducted by the People’s Liberation Army’s (PLA) Shandong aircraft carrier task group is “a routine exercise,” the paper said on Twitter, citing a PLA Navy spokesperson. It didn’t give exact timings ...

Bloomberg Indian Prime Minister Narendra Modi’s party is trailing in a key state election that is seen as a test of his popularity and an indication of whether the backlash over his government’s mishandling of the country’s Covid-19 emergency will hurt him at the ballot box. In West Bengal, incumbent Chief Minister Mamata Banerjee’s All India Trinamool Congress was ahead ...

Bloomberg Germany’s Greens have cemented a robust advantage in the early stages of the election campaign, boosting their chances of capturing the chancellery in September and pushing through a heavily environmentalist reform agenda. Bolstered by a youthful image and strong climate credentials, the Greens surged into the lead past Angela Merkel’s center-right bloc in three separate polls in the past ...