There was no puff of white smoke, but Japan has a new Prime Minister. Yoshihide Suga, who was Chief Cabinet Secretary under Prime Minster Shinzo Abe, won an overwhelming victory in an internal contest within the long-dominant Liberal Democratic Party. Widely considered to have been one of the chief architects of Abenomics, Suga is likely to keep the government’s focus ...

Bloomberg Deutsche Lufthansa AG is preparing for more drastic cutbacks in its global workforce and airline fleet than it previously planned, after a hoped-for recovery of air traffic fizzled out. Recent rules that forced travellers into quarantine have had a catastrophic effect on bookings, Chief Executive Officer Carsten Spohr told staff at a meeting, according to people in attendance. For ...

Bloomberg Qantas Airways Ltd is considering shifting its headquarters from Sydney in an effort to cut costs as the pandemic forces it to scale down operations. The carrier announced a three-month review of its property footprint across the country, and said it was seeking to trim its annual A$40 million ($29 million) bill for rented office space. Qantas appointed Colliers ...