Bloomberg London Heathrow airport raised its passenger forecast but warned that demand is likely to drop off later in the year as a summer boom gives way to a “winter freeze.” The airport, Europe’s biggest hub before the Covid-19 pandemic decimated travel, raised its annual passenger forecast by 16%. Even so, it will remain unprofitable this year after total losses …

  Bloomberg Cathay Pacific Airways Ltd flights from London to Hong Kong will go from as little as two a month to as many as three a day in June as the airline attempts a rebound of sorts from Covid-19. The airline’s schedule shows a jump in flights days after Hong Kong said it will open to non-residents starting from …

Bloomberg Simon Property Group and Brookfield Asset Management are offering to acquire retailer Kohl’s Corp in a deal that would be worth more than $8.6 billion, according to a report in the New York Post. Simon and Brookfield, which bought rival department-store chain JCPenney out of bankruptcy, have offered $68 a share, according to people with knowledge of the talks …