Bloomberg Indonesia’s Lion Air said it is halting all flights indefinitely because of the impact coronavirus-related measures such as compulsory tests for passengers have had on travel. The carrier, whose slogan is “we make people fly,” is grounding its fleet from Friday, according to a statement. It had suspended scheduled domestic flights late last month. Lion Air has 138 aircraft, ...

Bloomberg Iceland is proceeding with plans to test all incoming airline passengers for Covid-19 from June 15 in a bid to salvage its biggest export, tourism. The government’s announcement follows consultations with the country’s chief epidemiologist and a deal with DeCODE Genetics, which will assist with the testing facilities. “The economic impact of unchanged travel restrictions would be enormous,” the ...

Bloomberg Tiffany & Co plunged after Women’s Wear Daily (WDD) reported LVMH’s $16 billion deal to buy the jeweler is uncertain as the US economy faces widespread upheaval. Board members of the French luxury giant arranged to meet to discuss the planned acquisition, WWD reported, citing unidentified individuals. Directors are concerned about the Covid-19 pandemic that has disrupted the US ...

Bloomberg Donald Trump faced a dwindling set of options to address nationwide unrest, after a backlash erupted over the government’s violent dispersal of peaceful protests outside the White House, plunging the president into more election-year turmoil. For Trump and his conservative backers, his photo op in front of historic St John’s Episcopal Church with Bible in hand was a show ...

Bloomberg Prime minister Boris Johnson said he will give as many as three million Hong Kong residents the chance to seek refuge and a new life in the UK. if China presses ahead with plans to impose a new security law on the former British colony. The premier’s intervention marks an escalation in London’s pressure on Beijing over its proposals ...

Bloomberg Joe Biden’s political resurrection in the race for the Democratic nomination was due largely to overwhelming support from black voters. Yet racial tensions laid bare by nationwide protests have revealed a problem for Biden in the November election — he doesn’t excite younger black voters who want change, not just a sympathetic ear. Biden’s African-American supporters have been urging ...

Bloomberg India’s financial capital escaped the worst as businesses remained unaffected after a severe cyclonic storm weakened following its landfall near Mumbai, a city that’s emerged as the country’s hotspot for the virus outbreak. Cyclone Nisarga crossed the coast near Alibag in neighoring Raigad district with wind speeds as high as 120 kilometres (75 miles) per hour, according to the ...

Bloomberg Poland will hold its presidential election on June 28 after postponing a contested May ballot due to the coronavirus pandemic. The announcement by parliamentary Speaker Elzbieta Witek comes as support for the candidate of the ruling Law & Justice party, incumbent Andrzej Duda, has been declining as the country struggles with the fallout of the virus outbreak and subsequent ...

Bloomberg The World Economic Forum (WEF) still plans to hold some form of gathering of business and financial titans in the Swiss town of Davos next January. While similar events have been cancelled due to the coronavirus pandemic, WEF Founder Klaus Schwab said on Wednesday that he intends to host a twin summit, with some delegates in Davos and others ...

Bloomberg The European Union (EU) is pressing for a global deal to eliminate tariffs on pharmaceuticals and medical supplies in an effort to guard against the kind of supply-chain shock triggered by the coronavirus pandemic. The European Commission, the EU’s executive arm, outlined options for encouraging worldwide commerce in health-care goods in a policy paper due to be discussed by ...