What do you call a country whose government openly embraces illiberalism and exults in the crisis of democracy, cheers the perceived decline of the US and the rise of its authoritarian challengers, makes irredentist claims against its neighbors, and spreads decay within key institutions of the American-led international order? If you answered “NATO ally,” you are, unfortunately, correct. Under PM ...

Boris Johnson clearly wants to draw a line under the fiascoes of Britain’s handling of the pandemic and return to the “boosterism” for which he is best known. And as is often the case, his instinct is right. Doing so will be crucial to putting the economy firmly on a path to recovery. The UK downgraded its coronavirus alert level, ...

Bloomberg Grupo Aeromexico SAB is considering a Chapter 11 bankruptcy filing in the US as the coronavirus pandemic ravages the airline industry, said people familiar with the matter. The Mexican carrier is weighing its options and no final decision has been made, the people said, asking not to be named because the discussions are private. The company is working to ...

Bloomberg Spirit Airlines Inc misclassified as “volunteers” more than 1,000 people who were denied boarding against their will on oversold flights, the US Transportation Department said in announcing a fine against the carrier. The department said consumer complaints filed with its Office of Aviation Consumer Protection showed the budget carrier required that passengers bumped from flights sign waivers or documents ...

Bloomberg Deutsche Lufthansa AG’s fleet of Airbus SE A380 jets will be mothballed for at least two years and may never return to service as demand for long-haul travel remains subdued in the wake of the coronavirus outbreak. With Lufthansa already retiring about half of its 14 superjumbos, remaining jets will be relegated to its secondary hub in Munich. Flights ...

Bloomberg The parent of New York & Co is preparing for a bankruptcy filing that would include plans to shut all of the discount apparel chain’s stores, according to people with knowledge of the matter. RTW Retailwinds Inc, which also owns Fashion to Figure and Happy x Nature, warned earlier this month that a bankruptcy filing was probable, citing a ...

Bloomberg A group of banks led by Goldman Sachs Group Inc may launch a $5 billion debt offering for United Airlines Holdings Inc as soon as Monday, according to people with knowledge of the matter. Goldman Sachs has started discussions with investors to gauge their level of interest, said the people, who asked not to be named because the talks ...

Bloomberg China confirmed that a proposed national security law would allow Beijing to override Hong Kong’s independent legal system, shedding new light on a move that has stoked tensions with the US and threatens the city’s status as a top financial centre. The proposal said the central government will have jurisdiction over an “extremely small” number of national security cases ...

Bloomberg Europe’s longest-serving president said his security forces thwarted a “foreign” plan to foment revolution as protests spread across the country following the arrests of potential challengers to his rule. “We managed to make some pre-emptive steps and disrupt the large-scale plan to destabilise Belarus,” Alexander Lukashenko, who has ruled the post-Soviet nation since 1994, said during a meeting with ...

Bloomberg India’s Prime Minister Narendra Modi has walked into a diplomatic minefield over his nation’s disputed border with China. The hashtag #ModiSurrendersToChina was trending on Twitter on Saturday after Modi stated no one had entered Indian territory or captured any military posts in the deadly clashes that resulted in the death of 20 Indian soldiers and the capture by the ...