Bloomberg Virgin Atlantic Airways Ltd hired Alvarez & Marsal to advise on a potential administration as it struggles to secure a UK government bailout, Sky News reported. The restructuring specialist was hired earlier to work on options for a pre-pack administration, which may cut the equity of Richard Branson’s holding company and Delta Air Lines Inc, according to the report, ...

Bloomberg Boris Johnson was expected to flesh out his plan for lifting the UK lockdown in Parliament as he seeks to get more people back to work, even as resistance from politicians and labour unions laid bare the hurdles facing the government as it tries to kickstart the economy. In a televised address to the nation, Johnson announced the “first ...

Bloomberg Brazilian President Jair Bolsonaro criticised lockdown measures by governors even as the nation turned into a global epicenter of the coronavirus outbreak. The Health Ministry on May 10 reported 162,699 total cases of Covid-19 and 11,123 deaths, among the world’s highest. “The head of household has to stay at home going hungry with their family,” Bolsonaro said in a ...