Bloomberg Even in a world of retail upheaval, J Jill Inc has had a more dramatic ride than most — and that was before the pandemic. Just three years after a highly anticipated initial public offering, J Jill’s stock is flirting with zero and the company is trying to fend off bankruptcy. The women’s clothing chain warned its survival was ...

Bloomberg Global airline passenger demand won’t recover to pre-coronavirus pandemic levels until the end of 2023, and only then if effective vaccines and medicines are available, according to Moody’s Investors Service. The recovery for airlines and airports will be largely aligned, followed by aircraft lessors as carriers return fleets to service, Moody’s analysts including Jonathan Root wrote in a report. ...

Bloomberg Colombia is scaling back a planned $2.5 billion expansion of one of Latin America’s busiest airports after the Covid-19 pandemic caused a collapse in air travel. Bogota’s El Dorado airport, the country’s biggest, was set for an upgrade to more than double capacity to about 80 million passengers a year by 2050, from the roughly 35 million it saw ...

Bloomberg ASOS Plc, Marks & Spencer Group Plc and Walmart Inc’s Asda are among retailers calling for greater protection of garment factory workers in Britain in the wake of labour abuse reports at a site supplying Boohoo Group Plc. More than 90 retailers, lawmakers and investors signed an open letter to Home Secretary Priti Patel urging immediate action. The joint ...

Bloomberg Deutsche Lufthansa AG is unlikely to take delivery of all 80 of the jets it’s allowed to accept through 2023 under terms of a $10.3 billion government bailout, according to a person familiar with the matter. The German airline will instead prioritise quick repayment of the aid, said the person, who asked not to be identified discussing confidential matters. ...

Bloomberg The UK is about to test the risks of a wider confrontation with China that’s been a long time coming. The next act is playing out when Foreign Secretary Dominic Raab addresses Parliament. The top diplomat has dropped a heavy hint the UK will suspend its extradition treaty with Hong Kong, a former colony it handed back to China ...

Bloomberg Fighting between Nigerian troops and an armed group in the country’s northwest left at least 20 people dead, the military said. Fatalities in the confrontation in the Jibia district of Katsina state included three soldiers and 17 others described as cattle rustlers and kidnappers by Benard Onyeuko, the defense headquarters spokesman, in an emailed statement. Onyeuko denied media reports ...

Bloomberg President Donald Trump said he would resume his briefings to the public on the coronavirus pandemic, as infections surge around the country. Speaking to reporters in the Oval Office on Monday, Trump said he would probably hold a briefing on Tuesday at 5 pm in Washington. “We have had this big flare up in Florida, Texas, a couple of ...

Bloomberg Kim Jong-un’s latest appearance, in which he dressed down officials building a showcase hospital, illustrates why the North Korean leader can’t afford to languish under sanctions forever if he wants to fix his economy. In a visit to the Pyongyang General Hospital, Kim lashed out at the building committee over “serious problems in economic organisation for the construction,” the ...

Bloomberg European Union efforts to agree on a 750 billion-euro ($856 billion) stimulus package ran into trouble as leaders were unable to reconcile differences over how much of the recovery fund should be distributed through grants versus low-interest loans. European Council President Charles Michel floated a new proposal that would reduce the size of handouts to 400 billion euros, down ...