So a deal was reached on the bill to supplement the money for small business and other new pandemic relief. Congressional Republicans had wanted $250 billion for the Paycheck Protection Program for small-business loans. The final bill added up to a $480 billion package, with Democrats winning aid for hospitals and increased coronavirus testing, plus provisions for smaller banks to ...

Aviation has always carried a whiff of the pirate ship about it. Richard Branson, founder of Virgin Atlantic Airways Ltd, likes to describe himself as an “adventurer and troublemaker,” and once claimed to have found buried treasure on his private Caribbean island as a prank. Right now, the buccaneering executives who have driven the airline industry since the 1980s, when ...

China’s high-end consumers aren’t going on a “revenge spending” spree. They’re just bringing their love affair with luxury brands home. A surge in China sales for stores operated by the likes of LVMH and Hermes International has spurred optimism that consumer demand will snap back as the lockdowns lift. The reports offered a glimmer of light amid data showing that ...