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Air France-KLM CEO flags more recapitalisation in 2021

Bloomberg Air France-KLM Chief Executive Officer Ben Smith indicated the struggling airline could seek a further recapitalisation later this year even after the latest 4 billion-euro ($4.8 billion) rescue from the French government that includes the sale of new shares. “We do have heavy, heavy debt that is holding back our balance sheet,” the CEO said at the virtually held ...

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Amazon signs deals to buy green power

Bloomberg Amazon.com boosted its role as the world’s biggest corporate buyer of green power with a series of deals to help slash the company’s carbon footprint. Agreements to buy renewable energy are an increasingly popular way for big companies to cut emissions. Amazon will use the power from wind farms, solar parks and batteries to run its global operations. “Many ...

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Chad president killed in attack after winning re-election

Bloomberg Chad’s president, Idriss Deby, has died a day after he secured a sixth term in elections that were marred by an opposition boycott. He was 68. Deby died of injuries sustained in a battle against rebels, according to a statement read out on state radio by General Azem Bermandoa Agouna, the army’s spokesman. A military council will govern the ...

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