Bloomberg The German government is engaged in last-minute debates over the details of its bailout of Deutsche Lufthansa AG, with Chancellor Angela Merkel seeking a deal that doesn’t involve a direct stake in the national carrier, while her deputy, Finance Minister Olaf Scholz, favors such an investment, according to people familiar with the matter. Under a scenario preferred by the …

Bloomberg TUI AG will eliminate as many as 8,000 jobs, about 15% of its workforce, to cut costs and slim down its business as people travel less and favor different locations following the coronavirus outbreak. The world’s biggest package-holiday company is seeking to pare overall costs by almost one-third and offer more local breaks in the hope of encouraging a …

Bloomberg Iceland will test all airline passengers arriving at Keflavik Airport for coronavirus by June 15, with those resulting negative spared a mandatory two-week quarantine, the government said. Testing will take place inside the terminal of the international airport. Visitors will be allowed to head to their accommodation while they wait for the result of their test, which is expected …

Bloomberg Caution hung over markets on Wednesday, with European stocks falling following a late drop on Wall Street, and US equity futures edging higher alongside Asian benchmarks. Treasuries climbed, while oil futures slipped. Declines in travel and auto shares pulled the Stoxx Europe 600 Index lower, as corporate earnings continued to underscore the devastating impact of the coronavirus pandemic. The …

Bloomberg Stocks in Asia’s third-largest economy jumped the most in almost two weeks after Prime Minister Narendra Modi said his government will spend a total of 20 trillion rupees ($265 billion) to help India weather the fallout of coronavirus pandemic. The S&P BSE Sensex index gained 2.5% to 32,164.6 as of 11:13 am in Mumbai. The Nifty 50 rose 2.5%. …

Emirates Business Coronavirus has caused a significant impact on the way consumers shop and make payments. With social distancing rules in place, many of them have embraced contactless payments and digital wallets as a safer way to manage their money. According to data gathered by AksjeBloggen, the global digital payments market is expected to continue rising in the following years, …

Bloomberg Some drillers in the biggest North American oil field are reopening wells shut in response to the pandemic-driven price collapse, according to pipeline giant Energy Transfer LP. In the Permian Basin’s Midland region, about 8% of oil volumes that feed Energy Transfer’s pipe network had been shut at the start of the month, Mackie McCrea, the company’s chief commercial …

Bloomberg Fuel consumption in India is showing signs of rebounding after witnessing the worst monthly sales in more than 12 years. Demand in May will be as much as 25% higher than April as planting season begins, requiring tractors and water pumps to burn more diesel, and the easing of the world’s biggest lockdown brings more trucks back to the …

Bloomberg European stocks edged higher, US equity futures slipped and Asian shares dropped on Tuesday as investors weighed an up-tick in coronavirus infections in several nations and signs of fresh trade tension. Oil rose. The Stoxx 600 Index nudged upward after a downbeat start as gains for healthcare shares offset declines for the financial and energy sectors. S&P 500 futures …

Bloomberg Sri Lanka’s stocks resumed a fall on Tuesday after the Monday session ended prematurely following a 10% slump in a gauge of blue-chip shares. The benchmark Colombo All Share Index closed down 3.3%. The nation’s stock exchange halted trading for 30 minutes earlier in the day, triggered by a 5% drop in a blue-chip index that comprises 20 key …