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Germany planning $1.1b bailout of major airports

Bloomberg Germany is planning a 900 million-euro ($1.1 billion) bailout of the country’s airports, adding to a multibillion-euro outlay already aimed at helping the aviation sector survive the coronavirus. The government will offer Berlin-Brandenburg, Cologne-Bonn and Munich a package of loans, grants and stake purchases worth more than 400 million euros, according to a transport ministry document seen by Bloomberg ...

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Jollibee Foods eyes 450 new stores

Bloomberg Jollibee Foods Corp will boost capital spending by a fifth to open 450 new stores mostly overseas, as the Philippines’ largest restaurant operator foresees a return to profit this year following its first annual loss in nearly three decades. The company will spend 12.2 billion pesos ($255 million) this year, up 22% from the 10 billion pesos in 2020. ...

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Myanmar junta tightens control, orders new internet blackout

Bloomberg Myanmar’s junta strengthened its grip on power over the weekend, ordering an internet blackout overnight and making it easier for authorities to make arrests as it looks to quell surging protests against its February 1 coup. Protests continued on Monday after tens of thousands of people continued to demonstrate in defiance of the military even as the regime stepped ...

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