In the past, China Evergrande Group has always been able to wiggle out of trouble. In turbulent times, billionaire founder Hui Ka Yan would turn to his tycoon friends to prop up his stocks and bonds. The persistent support they’ve provided — buying up Evergrande debt — is why the developer is also Asia’s largest dollar junk bond issuer. Hui’s ...

London is in a precarious position when it comes to Covid-19. Remaining restrictions were recently lifted in the city along with the rest of the UK even as the highly infectious delta variant drives cases higher. London’s delta wave won’t be as bad as past outbreaks — hospitalisations and deaths remain low because of its high vaccination rate. But the ...

Bloomberg Southwest Airlines Co said it was “hopeful” of returning to profitability in the third and fourth quarters, amid concerns over the financial impact of a coronavirus variant and a recent rash of flight delays. The potential for an adjusted profit excludes any benefit from billions of dollars in airline aid provided by the US government, Southwest said as it ...