Bloomberg Air Canada will cut at least 20,000 jobs, or about half its workforce, amid the Covid-19 pandemic, the Canadian Press reported. The job cuts will be effective from June 7 and could affect as many as 22,800 workers, according to an internal company email seen by the Canadian Press. The downsizing will reduce the airline’s workforce by 50% to ...

Bloomberg Nike Inc has been among the chief beneficiaries of a “significant acceleration in athletic apparel/footwear trends” over the past couple of weeks as stores in several states began reopening after the Covid-19 pandemic closed all but essential businesses across the country, according to Credit Suisse Securities analyst Michael Binetti. “Athletic trends looked very bad” at the start of the ...

Bloomberg President Donald Trump moved to replace State Department Inspector General Steve Linick, an Obama administration appointee who featured briefly in the Ukraine impeachment saga, according to a letter he sent to House Speaker Nancy Pelosi. Trump wrote that “it is vital that I have the fullest confidence in the appointees serving as inspectors general.” “That is no longer the ...