The pandemic has asked many difficult questions of Europe’s governments, from whether to close down schools to which companies to bail out. As economies continue to open up, politicians face a new daunting choice: Should they leave their employment furlough schemes in place? These support programs have kept workers in their jobs (artificially) at a vast cost to the public ...

Bloomberg Cathay Pacific Airways Ltd shares extended their double-digit rally after a Chinese state-run newspaper tweeted that Hong Kong’s airport may restart transfer flights to mainland China, a move that could inject the beleaguered carrier with some much-needed travelers. Cathay climbed more than 13%, its biggest intraday gain in two months, as the Global Times said on Twitter that the ...

Bloomberg British Airways (BA) said it reached a preliminary agreement with labour groups representing some ground-based employees as it seeks to cut costs and ride out a deep slowdown triggered by the coronavirus pandemic. BA has signed outline deals with the Unite and GMB unions that cover engineers and customer-facing staff at its London Heathrow hub, Chief Executive Officer Alex ...