If the number of lily pads on a pond doubles every day, and it takes 29 days for them to cover the entire pond, on what day is the pond half-covered? This brainteaser is how Martin Hirsch, head of the Paris region’s hospital network, describes the brutal first wave of Covid-19 that triggered lockdowns across Europe in March and April. ...

Bloomberg The head of Indonesia’s flag carrier said better terms on aircraft loans will help it avoid falling into bankruptcy as the nation grapples with surging coronavirus cases. “We discussed the risks, the benefits, the pluses and minuses and the company’s leadership decided against it,” PT Garuda Indonesia President Director Irfan Setiaputra said when asked in an interview about considering ...

Bloomberg TUI AG said it’s making progress on plans to cut overhead costs by 30% as the world’s largest tour operator struggles to cope with a collapse in demand for its holidays. Measures including increased digitalisation that are underway across TUI’s head office, destination services and markets and airlines operations are already set to deliver close to a 300 million-euro ...