Bloomberg Scandinavia’s main carrier SAS AB warned shareholders it will need to generate more funding to see it through the crisis triggered by Covid-19. The company has halted most of its traffic and started a process to cut 5,000 jobs, it said. SAS is in “ongoing and constructive discussions” with its “largest owners on a recapitalisation plan to secure adequate ...

Bloomberg Chinese lawmakers approved a proposal for sweeping new national security legislation in Hong Kong, defying a threat by US President Donald Trump to respond strongly to a measure that democracy advocates say will curb essential freedoms in the city. The National People’s Congress (NPC), China’s rubber-stamp legislature, approved the draft decision by a vote of 2,878-1 at its annual ...

Bloomberg China’s Premier Li Keqiang struck a conciliatory tone with the US, saying that the two sides should cooperate and respect each other’s interests as tensions escalate on many fronts. As he spoke, the New York Times reported that President Donald Trump’s administration plans to cancel the visas of thousands of graduate students and researchers in the US with direct ...