Bloomberg Burberry Group Plc said it will cut 500 jobs globally to cut costs after lockdowns caused sales to plunge by almost half in the past quarter. The British fashion house said comparable retail sales fell 45% in the quarter and predicted that the pandemic will continue to hurt performance in the current period. Covid-19 prompted luxury boutiques to shut ...

Bloomberg Delta Air Lines Inc will take a charge of as much as $3.3 billion to cover the costs of early retirement and voluntary separation plans for employees, as the carrier scales back operations amid a plunge in travel. The charge will be recorded in the third quarter and most workers will leave on August 1, the Atlanta-based carrier said ...

Bloomberg Foreign Secretary Dominic Raab said the UK believes Russians tried to meddle in last year’s general election by disseminating documents relating to trade talks with the US. The opposition Labour Party released the documents to the press on November 27 last year, during the election campaign, saying they showed Prime Minister Boris Johnson was prepared to put the country’s ...