Russia has done better than expected in the face of a pandemic and unprecedented oil crisis. That relative stability masks weaknesses that will impede its ability to recover fast, even if it can limit the cost of a second wave. Coronavirus cases are surging again: Russia reported nearly 11,000 new infections on October 05, the most since mid-May. Only around ...

Bloomberg Southwest Airlines Co will seek to cut employee compensation in a last-ditch effort to avoid the first involuntary layoffs in the company’s 49-year history. The company wants to have givebacks in place by January 1, CEO Gary Kelly told employees in a video message, warning that “we all need to sacrifice more.” Kelly won’t receive a salary through the ...

Bloomberg Amazon.com Inc is extending its Diwali sales event to an entire month this year, hoping to outdo rival Walmart Inc‘s Flipkart in the race to unlock latent demand as India’s shoppers emerge from drawn-out pandemic lockdowns. Both Amazon and Flipkart are pulling out all the stops for the country’s most important shopping season, which starts in mid-October. But unlike ...