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Lufthansa pleads with investors to back bailout

Bloomberg Deutsche Lufthansa AG issued a plea to investors to turn up and vote for a $10 billion bailout package or risk tipping Europe’s largest airline into insolvency. The carrier said it expects attendance at its June 25 shareholder meeting to fall below 50% of votes, meaning two-thirds of stockholders would need to vote in favor if the bailout package. ...

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PM Modi vows to defend India sovereignty after China clash

Bloomberg Prime Minister Narendra Modi has vowed India will defend its sovereignty in his first public statement since deadly clashes along its contested border with China resulted in the deaths of 20 Indian troops and an unknown number of Chinese casualties. “India wants peace,” Modi said in a televised address on Wednesday. “But when provoked India will and is capable ...

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South Korea warns N Korea’s Kim against ‘reckless’ provocations

Bloomberg South Korea warned North Korea against further provocations, after Kim Jong-un’s regime pledged to dismantle the last remnants of President Moon Jae-in’s legacy of rapprochement and move troops into disarmed border areas. Moon’s office urged North Korea to tread carefully after the country reduced to rubble a $15 million liaison office set up north of the border in 2018 ...

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