Russia has done better than expected in the face of a pandemic and unprecedented oil crisis. That relative stability masks weaknesses that will impede its ability to recover fast, even if it can limit the cost of a second wave. Coronavirus cases are surging again: Russia reported nearly 11,000 new infections on October 05, the most since mid-May. Only around ...

Bloomberg Southwest Airlines Co will seek to cut employee compensation in a last-ditch effort to avoid the first involuntary layoffs in the company’s 49-year history. The company wants to have givebacks in place by January 1, CEO Gary Kelly told employees in a video message, warning that “we all need to sacrifice more.” Kelly won’t receive a salary through the ...

Bloomberg Amazon.com Inc is extending its Diwali sales event to an entire month this year, hoping to outdo rival Walmart Inc‘s Flipkart in the race to unlock latent demand as India’s shoppers emerge from drawn-out pandemic lockdowns. Both Amazon and Flipkart are pulling out all the stops for the country’s most important shopping season, which starts in mid-October. But unlike ...

Bloomberg South Africa should act to preserve its insolvent national airline and seek to partner the carrier with Ethiopian Airlines Group, according to a study commissioned for ruling-party lawmakers. The assessment, seen by Bloomberg, was prepared by African Aviation Services and dated October 4. It was presented to a group of African National Congress lawmakers, according to an ANC official ...

Bloomberg Ryanair Holdings Plc is reported to be in talks to purchase between 150 and 200 Boeing Co 737 Max aircraft, in a deal that would boost confidence in the grounded jet as it prepares for a return to service. Ryanair is discussing a mix of Max 200s, the version it has already ordered, and the bigger Max 10, the ...

Bloomberg AirAsia Group Bhd has stopped funding its Indian affiliate as the global travel slump leaves the Malaysian group struggling to support a sprawling empire of no-frills airlines, people familiar with the matter said. AirAsia India Ltd’s future may now depend on Indian conglomerate Tata Group, its majority shareholder, which has provided emergency funding but has yet to commit to ...

Bloomberg President Donald Trump and his allies looked to capitalise on his discharge from the hospital, painting his return to the White House as a triumphant metaphor for his strength and vigor a month before Election Day. The president highlighted a supporter saying his return to the campaign trail would make him an “invincible hero.” A campaign spokesman chided Joe ...

Bloomberg Thailand’s new army chief said there was “zero chance” for a military coup now and urged all parties to avoid creating conditions that would lead to violence amid growing anti-government protests. “We should make the possibility for such action to go below zero. All parties must help,” Narongpan Jittkaewtae, who took over as the army chief last week, said ...

Bloomberg US Secretary of State Michael Pompeo called on three other Indo-Pacific democracies to band together against coercion from China, in a bid to keep pressure on Beijing amid the coronavirus crisis rocking Washington. The so-called Quad — also including Australia, India and Japan — began its second ministerial-level meeting in Tokyo on Tuesday, in an event expected to help ...

Bloomberg Hong Kong leader Carrie Lam defended disciplining teachers for promoting anti-China views, after the Asian financial center for the first time revoked an educator’s registration over the content of their lessons. Lam told reporters she was obliged to protect students from being drawn into the political disputes that have fuelled a historic wave of unrest in the former British ...