Bloomberg The resurgent Covid-19 pandemic is pushing back the recovery in air travel, turning winter into a survival test for carriers now pinning hopes on a spring rebound. Airlines are urging governments to introduce more testing and travel bubbles to help spur demand. The industry is on track to burn through an estimated $77 billion in cash the second half. ...

Bloomberg French Transport Minister Jean-Baptiste Djebbari isn’t shying away from a possible temporary nationalisation of airlines hit by the travel slowdown caused by the coronavirus epidemic. Nationalising airlines is “a technical option, temporarily, but you need a project, a strategy,” Djebbari said on Europe 1 radio. “Nationalising a company, entering the company’s capital, it’s a short-term solution.” France and the ...

Bloomberg Amazon.com and Mukesh Ambani’s Reliance Industries’s fight for dominance of India’s lucrative e-commerce space is turning into a face-off, with both sides battling over the assets of a supermarket chain that could be key to their wider ambitions. Ambani and Jeff Bezos, two of the world’s wealthiest men, want the stores and warehouses of Future Retail Ltd, which has ...

Bloomberg Dunkin’ Brands Group, parent company of coffee-and-donuts chain Dunkin’ and Baskin-Robbins, said it’s in talks to be acquired by private equity-backed Inspire Brands. The New York Times reported the talks earlier, saying Inspire will take Dunkin’ private at $106.50 a share, citing two people with knowledge of the negotiations who weren’t identified. The deal — valued at $8.8 billion ...

Bloomberg President Donald Trump’s push for a second poll-defying victory is relying on a hallmark of his first — raucous campaign rallies that Trump sees as a crucial sign of voter enthusiasm but that pollsters say may only be cementing his defeat. Trump held three rallies, all in Pennsylvania, with three more scheduled on Tuesday and as many as five ...

Bloomberg US Secretary of State Michael Pompeo and Defense Secretary Mark Esper pushed for closer ties with India at a high-level ministerial meeting with their Indian counterparts, at a time when New Delhi is facing a prolonged border conflict with China. “The United States will stand with the people of India as they confront threats to their sovereignty and to ...

Bloomberg While China has long opposed US arms exports to Taiwan, the Trump administration’s latest sales are worrying to Beijing for another reason: They show a greater alignment among the two democracies on the so-called “hedgehog” strategy to resist an invasion. The US weapons mark a notable shift in approach from the flashier warplanes and tanks traditionally favoured in Taipei ...

Bloomberg Thai lawmakers are weighing a proposal to set up a committee to explore ways to end the monthslong anti-government protests sweeping the Southeast Asian nation. A working group is looking at a panel proposed by Deputy Premier Jurin Laksanawisit, House Speaker Chuan Leekpai said on Tuesday. Parliament is set to wrap up a special two-day session convened to discuss ...

Bloomberg More than 50 of Boris Johnson’s own Conservative members of Parliament have demanded a clear route out of lockdown for parts of northern Britain that helped give his party a majority in last year’s election. In a letter to the prime minister, the MPs warned that his pandemic strategy of targeting local areas with restrictions is disproportionately damaging the ...

Bloomberg Banco Santander SA rebounded from its worst-ever quarter with a profit that beat estimates and improved capital as it seeks to convince regulators that its balance sheet is strong enough to resume dividend payments. Net income totalled 1.75 billion euros ($2.1 billion) in the third quarter, beating estimates of about 1 billion euros, the bank said on Tuesday. The ...