Bloomberg The administrators of South African Airways (SAA) remain in the dark about when the funds the government said it will provide to restart the insolvent national carrier will land. “The government sent a letter to the business rescue practitioners saying that National Treasury and the cabinet had committed to providing 10.5 billion rand ($650 million) in funding for SAA,” ...

Bloomberg Kenya Airways Plc needs at least $500 million to ride out the coronavirus crisis after first-half revenue plunged almost 50%, Chief Executive Officer Allan Kilavuka said in an interview. The carrier, which is 49% state owned, must also be fully nationalised alongside Kenya Airports Authority, which runs the Nairobi hub, under a holding structure similar to that of regional ...

Bloomberg Qantas Airways Ltd Chief Executive Officer Alan Joyce’s compensation fell 83% to A$1.7 million ($1.2 million) in the year ended June as the airline slashed salaries and bonuses to save money during the coronavirus crisis. Joyce went without pay from early March until August, when he started taking 65% of his base salary, Qantas said. He got no bonus ...

Bloomberg The pandemic may have wiped out demand for apparel and driven many remaining customers online, but that isn’t stopping Lululemon Athletica Inc from eyeing new brick-and-mortar stores across the US. Unlike some overstretched competitors, the upscale purveyor of yoga pants is still at an early stage of growth, according to CEO Calvin McDonald. In a recent video interview, he ...

Bloomberg Senate Republicans face a critical choice on replacing the late Supreme Court Justice Ruth Bader Ginsburg — vote on her successor before Election Day, or wait until immediately afterward — when Trump will still be president no matter the November 3 outcome until next January. The choice comes down to a calculation of the politics. Senate Majority Leader Mitch ...

Bloomberg Myanmar will hold the November 8 general election as planned by ensuring social distancing measures at polling stations across the country even as Covid-19 cases surge, an election commission official said. “We don’t have any plan to postpone the general election for Covid-19 reason,” Myint Naing, a member of the Union Election Commission, told reporters in an online briefing ...

Bloomberg Slow-moving Tropical Storm Beta is likely to reach hurricane strength as it meanders across the western Gulf of Mexico and Texas coast, bringing heavy rain as far as Louisiana, as well as raking off-shore energy fields with high winds next week. Winds from Beta could hit 80 miles (129 km) per hour by Monday, making it a Category 1 ...

Bloomberg Tens of thousands of people gathered near Bangkok’s Thammasat University campus for the biggest anti-government protest since the 2014 military coup. Demonstrators assembled in the light rain, wearing masks and holding umbrellas, and moved from within the university grounds to a field nearby as crowds swelled. As many as 100,000 people were expected to join the rally, according to ...

Bloomberg Russian opposition leader Alexey Navalny said he’s on a clear road to recovery, “although not a short one,” and thanked his doctors in Germany in an Instagram post. A month after falling sick on a plane bound for Moscow from a campaign trip in Siberia, poisoned with what Germany identified as the weapons-grade nerve agent Novichok, Navalny said he ...

Bloomberg Covid-19 continues to kill close to 1,000 Americans a day. But for those who develop dangerous cases of the infection, advances in medical care and the growing experience of doctors are improving the chances of survival. Since the first case arrived in the US at the start of the year, medical professionals have gone from fumbling in the dark ...