Bloomberg The outcome of a proposed bailout of flag carrier Deutsche Lufthansa AG that’s meeting resistance from its largest shareholder, will impact the savings of thousands of German investors who hold its debt. The troubled airline has more than 3.7 billion euros ($4.2 billion) in outstanding bonds, loans and Schuldschein debt mostly held by German savings banks, insurers, commercial lenders ...

Bloomberg Airbus SE plans to pursue voluntary job cuts before seeking forced reductions, as it aims to bring down costs without inciting a political uproar in France and Germany, according to people familiar with the matter. The European planemaker will mandate redundancies only as a last resort after looking at voluntary layoffs and early retirement across its manufacturing operations, said ...

Bloomberg London City Airport reopened for passenger flights after a three-month shutdown due to Covid-19, according to a statement by the airport. New safety features include temperature checks, signs and floor markings to help with social distancing and crowd-tracking technology so staff can monitor and direct passengers in large crowds to quieter areas. Passengers are also being asked to wear ...

Bloomberg Luxury fashion retailer Valentino has joined a string of retailers suing their landlords to get out of pricey leases after shoppers vanished in the economic lockdown. The US branch of Valentino SpA filed suit in New York State Supreme Court to force 693 Fifth Owner LLC to let it out of its 15-year Manhattan lease nine years early. It ...

Bloomberg India is pushing Russia to speed up the delivery of a missile defense system as ties with China deteriorate following the worst military clash between the Asian nations in four decades. The request comes as China and India’s foreign ministers met on Tuesday in their first face-to-face interaction since a fight along their disputed Himalayan border killed 20 Indian ...

Bloomberg Six Republicans on the House Foreign Affairs Committee are urging President Donald Trump to reconsider his plan to cut the number of US troops in Germany, arguing that the move would harm national security and weaken the deterrent to Russia and China. In a letter to the president, the lawmakers said Russian troops invaded Ukraine and annexed the Crimean ...

Bloomberg Singapore will hold an election on July 10 as PM Lee Hsien Loong seeks a renewed mandate to govern amid the coronavirus pandemic that has pummeled the country’s economy. Lee said on Tuesday that he advised President Halimah Yacob to dissolve parliament and issue the writ of election, setting the stage for the upcoming polls. Candidate nominations will take ...

Bloomberg President Donald Trump said he told federal officials to arrest anyone who vandalises or destroys monuments or statues on US property after law enforcement near the White House used a pepper spray-like substance to move protesters away from a statue they tried to tear down. Photos from reporters on scene showed ropes slung around part of a statue of ...

Bloomberg Former South African President Jacob Zuma, who is facing corruption, racketeering and money-laundering charges dating back to the 1990s, appeared in court after failing in repeated attempts to avoid standing trial. Zuma has argued that the case is politically motivated, but the Supreme Court of Appeal ruled in 2017 that a 2009 decision not to pursue the charges was ...

Bloomberg Paul Whelan, a former US marine who was convicted of spying in Moscow last week in a case criticised by Secretary of State Mike Pompeo, won’t appeal his 16-year sentence, the Interfax news service reported Tuesday. Whelan declined to appeal because he has no faith in Russian courts and hopes that a deal is in the works to exchange ...