The pandemic has asked many difficult questions of Europe’s governments, from whether to close down schools to which companies to bail out. As economies continue to open up, politicians face a new daunting choice: Should they leave their employment furlough schemes in place? These support programs have kept workers in their jobs (artificially) at a vast cost to the public ...

Bloomberg Cathay Pacific Airways Ltd shares extended their double-digit rally after a Chinese state-run newspaper tweeted that Hong Kong’s airport may restart transfer flights to mainland China, a move that could inject the beleaguered carrier with some much-needed travelers. Cathay climbed more than 13%, its biggest intraday gain in two months, as the Global Times said on Twitter that the ...

Bloomberg British Airways (BA) said it reached a preliminary agreement with labour groups representing some ground-based employees as it seeks to cut costs and ride out a deep slowdown triggered by the coronavirus pandemic. BA has signed outline deals with the Unite and GMB unions that cover engineers and customer-facing staff at its London Heathrow hub, Chief Executive Officer Alex ...

Bloomberg Rolls-Royce Holdings Plc warned of a new manufacturing defect after finding cracks in turbines that power Airbus SE’s A350 jet, an unwelcome development after years of engine problems racked up billions in costs. The glitch concerns compressor blades on XWB engines in service on the A350 for four or five years, Rolls-Royce said in a statement. It said the ...

Bloomberg Bankrupt Brooks Brothers Group Inc is on the verge of being sold to a partnership that includes the new owner of Barneys New York and one of the biggest US mall operators. Sparc Group which is backed by Authentic Brands Group and Simon Property Group Inc, is expected to be the winning bidder after rivals including WHP Global dropped ...

Bloomberg Canada Goose Holdings dropped as much as 9% after the company said activity was slow in its reopened stores, raising concerns about demand ahead of the key winter season. The company said it will focus new store openings this year on mainland China, “where the recovery of traffic remains ahead of other markets.” The height of the crisis hit ...

Bloomberg London’s Heathrow blamed the UK government for July traffic figures that show scant evidence of a recovery in demand at what’s normally Europe’s busiest travel hub. The imposition of a 14-day quarantine for people arriving from countries with high Covid-19 infection rates means Britain is effectively cut off from markets including the US, Canada and Singapore, Heathrow said in ...

Bloomberg European Union foreign ministers will hold a special meeting to discuss the unstable situation in Belarus, with some floating renewed sanctions from the bloc. The EU “lifted sanctions against Belarus because the country had taken steps in the right direction,” German Foreign Minster Heiko Maas said in Moscow. “But now we in the European Union need to discuss very ...

Bloomberg US President Donald Trump’s campaign is inadvertently funding Chinese state media outlets and entities tied to the Kremlin through automated advertisements on YouTube, according to a study of thousands of videos on the Google service. Omelas Inc, a Washington-based security software firm, reviewed the YouTube clips in early August and found 22 Trump campaign ads running on YouTube channels ...

Bloomberg The mayor of Prague will travel to Taiwan to meet President Tsai Ing-wen, deepening a rift between Beijing and politicians in a country once seen as one of the most China-friendly in Europe. Zdenek Hrib, who ignited outrage in China last year when he cancelled a sister-city agreement between Shanghai and the Czech capital, will accompany Senate leader Milos ...