TUI AG, the world’s biggest package-holiday company, has just secured enough government funding to see it through the lean Covid-affected winter season. A glance at its latest quarterly earnings shows this is probably just as well. The German company reported a 1.1 billion-euro ($1.3 billion) operating loss in the quarter ending on June 30, after revenue slumped 98%. It said ...

The Chinese used to be an adventurous bunch. Last year, 170 million of them travelled internationally, threatening to tip the nation into a current account deficit. Now, scarred by anti-Chinese sentiment abroad amid the pandemic, and suspicious of many things foreign, consumers are turning inward. Consider a CLSA Ltd survey of 1,600 shoppers, conducted between June 30 and July 7. ...

It looks as if the long-awaited Apple Inc subscription bundles are finally going to happen. But while it is a solid step in the right direction, the smartphone giant needs to do far more to change the game. Bloomberg News reported that Apple is preparing to launch several bundles, internally named “Apple One,” as soon as October. There will be ...