BLOOMBERG Reeling from a collapse in its stock price and at the mercy of Wall Street banks, Bed Bath & Beyond Inc warned it will likely go bankrupt if a last-gasp $300 million equity offering fails. The retailer filed to sell new shares to stay afloat and repay creditors after a hedge-fund rescue effort faltered and as day traders — ...

BLOOMBERG Italy state-owned carrier ITA Airways approved a business plan shared with Deutsche Lufthansa AG, a further step towards selling a minority stake to the German airline. The plan envisages the development of ITA Airways’ fleet, network and strategic goals and it has been discussed by Italy’s Finance Minister Giancarlo Giorgetti, ITA Chairman Antonino Turicchi and Lufthansa’s Chief Executive Officer ...

BLOOMBERG Philippine President Ferdinand Marcos Jr said his government will “do everything” to address outstanding issues confronting its maritime industry after the European Commission agreed to continue recognising government certificates issued to its seafarers. The Philippines is one of the world’s top suppliers of maritime labour and Marcos cheered the commission’s move, saying it averted the potential loss of 50,000 ...