Bloomberg Swatch Group AG cut 2,400 jobs, a record cull, and trimmed its store network as the Swiss watchmaker became unprofitable for the first time. The maker of Omega and Longines timepieces said on Tuesday it accelerated plans to shut stores permanently in Hong Kong as well as shops that sell its colorful namesake brand and Calvin Klein timepieces. Sales ...

Bloomberg London Heathrow airport, normally the busiest in Europe, will close one of its two runways for repairs at the height of the summer season, a reflection of passenger traffic that remains near rock bottom because of coronavirus lockdowns. The landing strip will be shut down over coming weeks to allow preliminary works to take place, before reopening during the ...

Bloomberg Southwest Airlines Co needs passenger numbers to triple by year-end if it’s going to avoid the carrier’s first ever involuntary job cuts, its chief executive officer said, even as rising coronavirus infections prompt some states to restrict travel. Southwest employees have until Wednesday to apply for voluntary separation or extended time off to help reduce spending on labour, the ...