Bloomberg Europe moved to provide relief for its ailing banks as efforts to combat the coronavirus threaten to push more borrowers into default and disrupt lending. The Bank of England on Wednesday announced a package of emergency measures, including a 50 basis point rate cut and a lower capital buffer to free up cash for lending. Germany’s banking watchdogs earlier ...

Bloomberg Delta Air Lines Inc and American Airlines Group Inc walked away from their 2020 forecasts and said they will slash operations because of the coronavirus outbreak, joining carriers across the globe grappling with one of the worst crises in modern air travel. Delta plans to cut domestic capacity as much as 15% and international flights by 25%, the Atlanta-based ...

Bloomberg Salvatore Ferragamo SpA is delaying or cancelling capital investments not considered “fundamental” as the coronavirus outbreak hammers demand, though the company sees green shoots of recovery in China, the biggest market for luxury goods. “Visibility on the impact of Covid-19 is still very low for both turnover and earnings,” Chief Executive Officer Micaela Le Divelec Lemmi said on a ...