At their summit in Madrid, Nato’s leaders agreed to add two new members, Finland and Sweden, and to beef up the alliance’s presence in Eastern Europe. Taken together, the moves will greatly enhance Nato’s firepower and strengthen its ability to deter Russian aggression. They also could create new risks, which all member states will need to be attentive to. ...

Bloomberg British Airways is nearing a possible agreement on pay with check-in staff that could head off a strike and prevent further disruption after the carrier scrapped thousands of flights amid a staffing crunch. Talks with the Unite union have progressed and a deal is close, according to a person familiar with the matter who asked not to be named ...

Bloomberg Germany’s richest man is now the largest shareholder in Deutsche Lufthansa AG after reinvesting a chunk of a fortune he made in logistics into Europe’s biggest airline. Klaus-Michael Kuehne raised his stake in Lufthansa to 15.01% from 10.01%, according to a filing, overtaking the German government as the carrier’s biggest shareholder. The state has been selling down its interest ...