The ship has been steadied but when’s the right time to unfurl the sails? The European Central Bank (ECB) has done everything it can to maintain the stability of the continent’s finance system during the Covid crisis. In June it doled out 1.3 trillion euros ($1.54 trillion) of super-cheap loans to the banking system at a negative 1% rate; it ...

Bloomberg AirAsia Group Bhd posted its largest quarterly loss on record as restrictions imposed by governments to contain the spread of the coronavirus decimated travel. Southeast Asia’s second-biggest budget carrier by market value reported a net loss of 992.9 million ringgit ($238 million) in the three months ended June 30 versus net income of 17.3 million ringgit a year ago, ...

Bloomberg A court ordered Kenya Airways Plc to stop a plan to fire some pilots pending the determination of a case challenging the move, according to a ruling by Judge Onesmus Makau. Sub-Saharan Africa’s third-largest airline said not being able to proceed with the cuts imperils the viability of the airline. Kenya Airways is facing financial troubles that have partly ...