Bloomberg India’s Supreme Court ordered local airlines to refund tickets booked for travel during a nationwide lockdown earlier this year, dealing a blow to an industry already strapped for cash. The court’s verdict also mandated airlines to issue credit vouchers even for tickets booked for travel outside the lockdown period, if the flights were later canceled due to virus-related restrictions. ...

Bloomberg Holiday giant TUI AG could seek to raise about 1.5 billion euros ($1.8 billion) through a rights issue and asset sales once bookings recover and the company starts generating meaningful revenue again. TUI will look at selling some of its 400 hotels and UK cruise arm Marella, Chief Executive Officer Fritz Joussen said in a briefing at the Frankfurt ...

Bloomberg A Hennes & Mauritz AB unit was fined $41.4 million by a German data protection watchdog after managers trampled on the private lives of staff, storing details ranging from workers’ religious beliefs to their medical history. “Unfortunately, we had an incident in a subsidiary in Germany that was reported to the data protection authority at the end of last ...