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ECB bond buying is a matter of time as debt balloons

Bloomberg It’s increasingly becoming a question of when, not if, the European Central Bank (ECB) will pump up its emergency bond buying program to help the most vulnerable euro-area economies avoid a deeper recession. With countries relying on borrowing to finance their response to the coronavirus pandemic, the ECB will likely take on more of that bond supply, as private ...

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Ryanair to slash 3,000 jobs, challenges $33b in state aid

Bloomberg Ryanair Holdings Plc will cut 3,000 jobs and said it will challenge some 30 billion euros ($33 billion) in state aid being doled out to keep its European competitors afloat during the coronavirus pandemic. The Irish discount carrier added to a mounting employment toll that includes 12,000 cuts at British Airways and 5,000 at SAS AB. The reductions represent ...

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Virgin Australia draws 20 suitors in race for sale by June

Bloomberg Virgin Australia Holdings Ltd attracted at least 20 potential buyers as administrators race to sell the airline within two months. Administrators at Deloitte want binding offers in June and are targeting a deal by the end of that month, according to a statement after the first meeting of creditors. Indicative bids are due mid-May. Virgin Australia collapsed owing A$6.84 ...

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