Bloomberg Deutsche Lufthansa AG is in talks with planemakers about swapping some orders for larger aircraft to smaller long-distance models, helping to adapt its fleet to an enduring slump in intercontinental business travel as the coronavirus crisis upends demand. Europe’s largest airline group is in negotiations with Airbus SE and Boeing Co about existing orders, with the manufacturers showing flexibility ...

Bloomberg Air France-KLM is the most vulnerable of Europe’s major legacy carriers to an extended slump in passenger traffic and its share price could fall to one euro, according to analysts at Bernstein. The Franco-Dutch airline is in need of another multi-billion euro bailout and “likely has insufficient liquidity to continue into 2022,” the analysts including Daniel Roeska wrote in ...

Bloomberg Air Canada’s proposed takeover of Transat AT Inc has been thrown into doubt after European regulators failed to approve the deal by a February 15 deadline. The companies are still talking about “potential amendments” that can keep the deal alive, Montreal-based Transat said in a statement. However, Air Canada won’t agree to extend the deadline, meaning either company now ...

Bloomberg Amazon.com Inc has failed to comply with workplace safety rules during the pandemic and retaliated against warehouse workers who raised concerns, New York alleged in a lawsuit against the retail giant. “Amazon’s flagrant disregard for health and safety requirements has threatened serious illness and grave harm to the thousands of workers in these facilities and poses a continued substantial ...

Bloomberg Gucci sales fell for a fourth quarter, ending years of expansion as the luxury brand and growth motor of Kering struggled amid renewed lockdowns in Europe. Revenue at the Italian luxury brand dropped 10% on a comparable basis to 2.28 billion euros ($2.76 billion) in the three months through December, Kering said on Wednesday. Analysts had expected a 7.2% ...

Bloomberg EBay Inc’s sale of its online classifieds business to Adevinta ASA has hit a hurdle, as UK regulators voice concerns over the potential threat to competition that the tie-up poses. The UK Competition and Markets Authority (CMA) told the companies to propose remedies that address antitrust concerns for the deal, which was valued at $9.2 billion when it was ...

Bloomberg President Joe Biden said the racial strife that’s gripped the US since George Floyd’s death is an opportunity to make significant strides toward addressing inequity, likening the era to the civil rights movement of the 1960s. “We have a chance now, a chance now, to make significant change in racial disparities,” Biden said at a CNN town hall event ...

Bloomberg The first court hearing of ousted Myanmar leader Aung San Suu Kyi since the February 1 coup began earlier than scheduled and without her lawyer present, further signalling the military’s intention to end her political career. Speaking by phone on Wednesday, her lawyer Khin Maung Zaw said that Suu Kyi appeared in front of the court via video link ...

Bloomberg Taiwan’s attempts to purchase five million doses of BioNTech SE’s Covid-19 vaccine fell apart at the last minute, Taiwan’s health minister said on Wednesday, voicing concern that political pressure from Beijing may have scuppered the deal. Taiwan’s government was making final preparations to sign a deal with Germany-based BioNTech in January but then “things changed,” minister Chen Shih-chung said ...

Bloomberg Gunmen kidnapped students and staff from a school in Nigeria, the second attack of its kind in recent months, a presidential spokesman said. The criminals abducted a “yet to be ascertained” number of people from a boys’ school in Kagara in Nigeria’s central Niger state, President Muhammadu Buhari’s spokesman, Garba Shehu, said in an emailed statement. Hundreds of students ...