Bloomberg Ikea is in talks about returning aid granted by nine countries to subsidise furloughs triggered by the coronavirus pandemic because its business is recovering faster than expected, the Financial Times reported. The global furniture retailer is negotiating with Belgium, Croatia, the Czech Republic, Ireland, Portugal, Romania, Serbia, Spain and the US, retail operations manager Tolga Oncu at Ingka Group, ...

Bloomberg Deutsche Lufthansa AG issued a plea to investors to turn up and vote for a $10 billion bailout package or risk tipping Europe’s largest airline into insolvency. The carrier said it expects attendance at its June 25 shareholder meeting to fall below 50% of votes, meaning two-thirds of stockholders would need to vote in favor if the bailout package. ...

Bloomberg Prime Minister Narendra Modi has vowed India will defend its sovereignty in his first public statement since deadly clashes along its contested border with China resulted in the deaths of 20 Indian troops and an unknown number of Chinese casualties. “India wants peace,” Modi said in a televised address on Wednesday. “But when provoked India will and is capable ...