Bloomberg German airline Condor will cut about 15% to 25% of its staff in an attempt to slash operating costs amid the ongoing coronavirus crisis, CEO Ralf Teckentrup told Frankfurter Allgemeine Sonntagszeitung. The carrier formerly owned by failed travel firm Thomas Cook Group Plc plans to shed “between 650 and 1,000 jobs,” a move Teckentrup said was in line with ...

Bloomberg UK lawmakers lashed out at British Airways over plans for 12,000 job cuts, saying the carrier had sought to exploit the coronavirus crisis to slash headcount and weaken employment terms for remaining staff. The House of Commons transport committee said in a report on the pandemic’s impact on aviation that while some workforce reductions were inevitable, BA had made ...

Bloomberg Asia’s largest retailer is betting that it has the right product at the right time: a Uniqlo face mask. Fast Retailing Co, operator of the clothing stores, will begin selling reusable face masks in Japan this week. The masks, which will sold in sets of three and retail for 990 yen ($9), aim for both performance and comfort, the ...

Bloomberg China Eastern Airlines intends to establish a new airline in Hainan along with a group of other investors to take advantage of planned free-trade area and tourism growth, it says in a filing to the Hong Kong stock exchange. Shanghai-based carrier would be the majority shareholder in Sanya International Airlines. Other backers include the governments of Hainan province and ...

Bloomberg The Portuguese government wants more control over the stricken airline TAP SGPS SA in exchange for a rescue loan of as much as 1.2 billion euros ($1.4 billion), Expresso reported. The government, which already controls 50% of TAP, is in talks with private shareholders about the loan and should get a response early next week, the weekly newspaper said, ...

Bloomberg British PM Boris Johnson was expected to step back into the Brexit fray on Monday as he held talks with the European Union’s top officials, with both sides looking to reset negotiations that have drifted into stalemate. In Johnson’s first direct intervention in the discussions since the UK left the bloc at the end of January, each side is ...

Bloomberg A Moscow court found former US Marine Paul Whelan guilty of spying and sentenced him to 16 years in prison Monday, according to a statement from his family. Prosecutors had asked for 18 years for Whelan, who says that he is innocent and that he was set up by a Russian Federal Security Service major who owed him 100,000 ...

Bloomberg European officials have warned Israel that unilateral annexation of West Bank land may cost it lucrative European Union science research grants, according to Minister of Science and Technology Izhar Shay. Annexation, scheduled to begin next month, could endanger Israel’s continued participation in the EU’s Horizon grants program if the bloc retaliates by denying Israeli scientists access, Shay said in ...

Bloomberg Ireland’s first grand coalition moved a step closer, as political leaders signed off on the final detail of a program for government. Prime Minister Leo Varadkar’s Fine Gael, Fianna Fail leader Micheal Martin and the Green’s Eamon Ryan agreed the plan for the next five years, and will now put it to the parties’ lawmakers and members in coming ...

Bloomberg Singapore will this week further relax restrictive measures to contain the spread of the coronavirus, with the government assessing the situation in the country to be under control. After June 18 at 11:59 pm, most activities will be allowed to resume subject to safe distancing principles, according to a press release from the Ministry of Health on Monday. Small ...