Bloomberg Deutsche Lufthansa AG Chief Executive Carsten Spohr is facing mounting pressure to hand over an equity stake to the German government as the airline fights for survival in the coronavirus crisis, according to people familiar with the matter. Lufthansa representatives are locked in talks with the cabinet in Berlin, the people said, asking not to be identified because the ...

Bloomberg Stuck-at-home Americans are nowadays way more interested in buying toilet paper and hand soap than handbags and evening gowns. That’s forcing luxury retailers, like Neiman Marcus Group Inc and Nordstrom Inc, to resort to a tactic they rarely use: discounts. Neiman Marcus has Tom Ford glasses, which usually sell for about $400, at 50% off on its website. Customers ...

Bloomberg Kenya Airways Plc is appealing for a cash bailout from the government to be able to survive the next six months as the partially state-owned carrier runs out of money after grounding all international flights to help contain the coronavirus. It will cost the airline about $5 million a month to manage its grounded fleet and retain a workforce ...