Bloomberg Burberry Group Plc said it will cut 500 jobs globally to cut costs after lockdowns caused sales to plunge by almost half in the past quarter. The British fashion house said comparable retail sales fell 45% in the quarter and predicted that the pandemic will continue to hurt performance in the current period. Covid-19 prompted luxury boutiques to shut …

Bloomberg Delta Air Lines Inc will take a charge of as much as $3.3 billion to cover the costs of early retirement and voluntary separation plans for employees, as the carrier scales back operations amid a plunge in travel. The charge will be recorded in the third quarter and most workers will leave on August 1, the Atlanta-based carrier said …

Bloomberg Stocks fell with US equity futures on Thursday as investors parsed economic data from China that showed the path of economic recovery from the pandemic remains bumpy. The Stoxx Europe 600 Index tracked Asian shares lower after Chinese retail sales in June missed estimates and continued to contract, even as the economy returned to growth in the second quarter. …