Bloomberg For middle-class Americans in the 20th century, JC Penney was one of the first places to look when you needed work pants, toys or towels, chairs or china. Even if you didn’t live anywhere near one of its stores, the iconic mail-order catalog made its goods available to anyone. As Penney’s longtime slogan promised, “It’s All Inside.” But as ...

Bloomberg Air France-KLM will offer refunds to customers whose flights were canceled due to the coronavirus pandemic in a policy reversal that could put further pressure on the struggling carrier’s balance sheet. The airline will give travellers a choice between a reimbursement or a voucher for a future flight worth 15% more than the initial ticket value, according to a ...

Bloomberg Ethiopian Airlines Group sees African air traffic returning to pre-coronavirus crisis levels quicker than the rest of the world, boosted by a temporary spike in demand from stranded citizens returning home. Governments of countries including Uganda, Kenya and Madagascar closed their borders before or almost immediately after confirming their first Covid-19 cases, leaving thousands of business, student and health ...

Bloomberg Air Canada will cut at least 20,000 jobs, or about half its workforce, amid the Covid-19 pandemic, the Canadian Press reported. The job cuts will be effective from June 7 and could affect as many as 22,800 workers, according to an internal company email seen by the Canadian Press. The downsizing will reduce the airline’s workforce by 50% to ...

Bloomberg Nike Inc has been among the chief beneficiaries of a “significant acceleration in athletic apparel/footwear trends” over the past couple of weeks as stores in several states began reopening after the Covid-19 pandemic closed all but essential businesses across the country, according to Credit Suisse Securities analyst Michael Binetti. “Athletic trends looked very bad” at the start of the ...

Bloomberg President Donald Trump moved to replace State Department Inspector General Steve Linick, an Obama administration appointee who featured briefly in the Ukraine impeachment saga, according to a letter he sent to House Speaker Nancy Pelosi. Trump wrote that “it is vital that I have the fullest confidence in the appointees serving as inspectors general.” “That is no longer the ...

Bloomberg Hong Kong police arrested eight people protesting in a mall in the New Territories, one of four anti-government demonstrations in shopping centers across the city on Saturday. The protesters were held for unlawful assembly, assaulting officers or obstructing them in the Tseung Kwan O mall, police said in a post on their Facebook page. The demonstrations at the different ...

Bloomberg India’s burgeoning coronavirus cases have overtaken China’s tally, making it the latest nation with the dubious distinction of having more infections than the country where the pandemic began. India saw 3,787 new infections on May 15, bringing its total to 85,784, surpassing China’s 84,038 cases. The world’s second-most populous nation now has the 11th-biggest outbreak, according to data compiled ...

Bloomberg Philippine President Rodrigo Duterte flew from the capital Manila, which remains on lockdown, to his hometown in Davao City on Saturday in a trip his spokesman said was partly for official reasons. The 75-year-old leader went home “for a visit after more than two months of not being able to see his family,” said Jesus Durante, head of Duterte’s ...

Bloomberg The controversy over President Jair Bolsonaro’s push to resume normal life in Brazil amid the mounting coronavirus death toll has spread to soccer, the country’s most revered sport. Bolsonaro’s drive to resume games as soon as possible has run into opposition from top clubs and players, who prefer to wait until the pandemic has subsided. The clash is yet ...