BLOOMBERG A European Union (EU) court toppled Germany’s massive bailout of Deutsche Lufthansa AG at the height of the Covid-19 pandemic, backing Ryanair Holdings Plc’s claims that the package unfairly tilted competition towards its rival. Terms of a €6 billion-euro ($6.6 billion) recapitalisation approved by the European Commission were too favourable to Lufthansa, and demands that Europe’s biggest network carrier ...

BLOOMBERG Pakistan’s Supreme Court ruled that former premier Imran Khan’s arrest by the anti-graft agency was illegal and ordered for the ex-cricket star to be freed from custody, a dramatic about-turn in the ongoing political drama. Khan was presented before the top court for an appeal hearing against his arrest, which has fuelled nationwide protests. Security officials were stationed around ...

BLOOMBERG Turkish presidential contender Muharrem Ince withdrew from Sunday’s election, narrowing the field of rivals to incumbent Recep Tayyip Erdogan and injecting fresh uncertainty into the contest over how his supporters will vote. “I am withdrawing from the race. I am doing this for my homeland,” Ince told reporters in a press briefing in Ankara. He asked for “a vote ...