Bloomberg The European Central Bank’s (ECB) response to the coronavirus has calmed markets while setting it on a path that could test its commitment to the mission to keep prices stable. With governments struggling to agree on joint fiscal action, President Christine Lagarde and her colleagues have ramped up bond-buying of vulnerable nations, soothing investor concerns over the cost of …

Bloomberg IAG SA will slash the work force at its flagship British Airways by almost 30% in a painful restructuring aimed at shrinking the airline group for a downturn that could last for years. IAG shares fell as much as 6% on Wednesday, after the airline group said that as many as 12,000 jobs will be lost at the UK’s …

Bloomberg Consumer giant Unilever Plc and the Spanish company behind Paco Rabanne perfumes are among beauty heavyweights competing to buy celebrity makeup brand Charlotte Tilbury. L’Oreal SA of France, Estée Lauder Cos in New York and Japanese beauty company Shiseido Co also made bids for the London-based brand, the people said, asking not to be identified as the matter is …