Bloomberg A massive, once-in-a-decade winter storm is battering the US with blizzard conditions and life-threatening temperatures, while causing mayhem for travellers across the country at the peak of the holiday season. As of Friday, more than 200 million people — around 60% of the nation’s population — were under some form of winter weather warning or advisory, according to the ...

Bloomberg Deutsche Lufthansa AG’s plans to retroactively pay out manager bonuses contravene agreements made with the government as part of the airline’s rescue package, according to Chancellor Olaf Scholz’s chief spokesman. The state stepped in during 2020 to rescue Lufthansa after pandemic-related restrictions all but grounded air travel. While the airline repaid its 9 billion-euro ($9.6 billion) bailout ahead of ...

Bloomberg British consumers have cut back on Christmas gift-giving after the tightest cost-of-living squeeze in memory reduced disposable income, official figures showed. Six in 10 adults in the UK surveyed said they were planning on cutting spending in the holiday period by buying fewer and less expensive presents and eating out less, the Office for National Statistics (ONS) said. Household ...