Debt-ridden HNA Group Co, which splashed out over $40 billion on stakes in high-profile companies across the world, has been unwinding and selling down its assets fairly quickly. It didn’t even have to accept bargain-basement prices. The firm has been under the government’s watch for over a year. Why, then, is it going into bankruptcy? In a statement, the airlines-to-insurance ...

The European Commission’s fiasco over the vaccine rollout is above all else a terrible concern because of the potential cost in human lives. It also risks damaging Brussels’ reputation for technocratic competence with regard to its own citizens, giving fresh impetus to euroskeptic forces. It may diminish the European Union’s brand in the world, especially in those countries that might ...

Bloomberg Wizz Air Holdings Plc has a chance to become a force across Europe, using its low-cost structure and financial clout to capture a bigger share of the market when the coronavirus finally lets up. The Hungarian discount carrier has snapped up airport capacity in Italy, Germany, Norway and the UK during the pandemic, but the westward push has been ...