Bloomberg TUI AG agreed on a plan to repay a chunk of its bailout package from the German government, the latest sign of the travel sector’s recovery from the coronavirus pandemic. The pickup in travel means the company can repay most of the remaining aid by the end of 2023, TUI said in a statement. The repayments will be …

  Bloomberg A fresh wave of train strikes has hit Britain’s retailers even harder than the omicron variant of Covid-19 that threatened to ruin Christmas last year, according to fresh data showing a steep drop in the number of shoppers. Almost 10% fewer people visited high-street stores— the first day of a string of strikes across the rail network — …

  Bloomberg Taco Bell’s Gen Z diners increasingly want to eat chicken instead of beef. The Yum! Brands Inc chain said this creates an opportunity for Taco Bell to introduce more chicken-based items, especially for those younger customers. There’s also room for the Mexican-themed restaurant to boost sales with its breakfast and lunch businesses, said Mark King, chief executive officer …

  Bloomberg Honest Co, the personal-care company founded by actress Jessica Alba, appointed former Amazon.com Inc and General Mills Inc executive Carla Vernón as its new chief executive officer. Vernón assumes the role starting from January 9 and will replace Nick Vlahos, who has led the company since 2017 and took it public last year. Vlahos will remain on Honest’s …

Bloomberg Danske Bank A/S admitted to fraud and will pay $2 billion to end a long-running US probe into money laundering at its Estonia branch, helping draw a line under the worst scandal in the bank’s recent history. The Danish lender pleaded guilty to conspiring to commit bank fraud and admitted providing banking services to suspicious customers — including in …

Bloomberg The European Central Bank (ECB) will let staff work remotely for 110 days a year — roughly half their time. The rules, which take effect from January 1, permit as many as 10 days a month away from desks. That’s stricter than the current system, under which employees must show up at the office at least eight days a …

Bloomberg The Indian rupee’s most appealing trait for traders is fast deteriorating, helping turn the currency into emerging Asia’s worst performer over the past month. Twelve-month implied rupee yields — typically a reflection of interest rate differentials with the US — fell to the lowest since 2009. That’s bad news for carry traders, who seek profits from capturing the difference …

  Bloomberg Reserve Bank of Australia (RBA) Governor Philip Lowe called on the nation’s lenders to intensify efforts to reduce the cost of payments and increase their speed, including for cross-border transactions. “Slow progress by the major banks imposes a cost on the rest of the industry,” Lowe said in a speech, referring to delays in launching a direct-debit service …

  Bloomberg Mitsubishi UFJ Financial Group Inc is in talks to invest about $200 million in Akulaku Inc, an Indonesian online lender backed by Jack Ma’s Ant Group Co, according to people familiar with the matter. MUFG, as Japan’s biggest lender is known, is negotiating the terms of a potential financing for Akulaku as it seeks to expand its presence …

  Bloomberg Luis Esguevillas, a senior equity capital markets (ECM) banker at Citigroup Inc. in Europe, is leaving the bank after almost 20 years. Citigroup announced his departure in an internal memo seen by Bloomberg News. During his time at the bank, London-based Esguevillas led its ECM business in regions including Iberia, Italy, France and South Africa. Prior to joining …