Bloomberg TUI AG will eliminate as many as 8,000 jobs, about 15% of its workforce, to cut costs and slim down its business as people travel less and favor different locations following the coronavirus outbreak. The world’s biggest package-holiday company is seeking to pare overall costs by almost one-third and offer more local breaks in the hope of encouraging a …

Bloomberg Iceland will test all airline passengers arriving at Keflavik Airport for coronavirus by June 15, with those resulting negative spared a mandatory two-week quarantine, the government said. Testing will take place inside the terminal of the international airport. Visitors will be allowed to head to their accommodation while they wait for the result of their test, which is expected …

Bloomberg Caution hung over markets on Wednesday, with European stocks falling following a late drop on Wall Street, and US equity futures edging higher alongside Asian benchmarks. Treasuries climbed, while oil futures slipped. Declines in travel and auto shares pulled the Stoxx Europe 600 Index lower, as corporate earnings continued to underscore the devastating impact of the coronavirus pandemic. The …