Bloomberg British billionaire Richard Branson said his airlines in the UK and Australia won’t survive the coronavirus crisis without state support, and that his Virgin Group lacks the resources to see them through the pandemic. Branson said on Monday he’s doing everything possible to keep Crawley, England-based Virgin Atlantic Airways Ltd going, but that it needs a UK-backed loan to ...

Bloomberg Zilingo, a fashion technology platform backed by Temasek Holdings Pte, has cut 5% of its 900-strong global workforce as part of a strategy to refocus on Asia and emerging markets, according to a person familiar with the matter. The Singapore-based startup dismissed 44 employees, including about 30 in the city-state, according to the person, who asked not to be ...

Bloomberg China Development Bank Financial Leasing Co cancelled an order for 29 Boeing Co 737 Max planes, worth at least $2.9 billion based on list prices, joining a growing list of customers scaling back plans for buying the grounded jet. The move cuts the company’s outstanding Max order to 70, it said in a statement to the Hong Kong stock ...