Bloomberg The global aviation industry has racked up more than 350,000 job losses in the past six months, with more pain on the way, according to new research delving into the coronavirus pandemic’s impact on the once-buoyant sector. The total could approach half a million positions after including some 25,000 cuts that don’t fit into the main categories of airlines, …

Bloomberg Switzerland’s financial regulator (Finma) started enforcement proceedings against Credit Suisse Group over a spying scandal that led to the ouster of ex-Chief Executive Officer (CEO) Tidjane Thiam. The move marks an escalation of regulatory involvement in the espionage charges, which also triggered probes by Swiss prosecutors. Finma said it will pursue any potential violations of supervisory law, and in …

Bloomberg Australia’s central bank expanded a lending facility for banks as it kept key policies unchanged, and signalled a renewed willingness to explore additional measures to boost an economy still mired in recession. “The board will maintain highly accommodative settings as long as is required,” Reserve Bank chief Philip Lowe said after keeping both the cash rate and three-year yield …