South Korea is in something of a sweet spot for the Covid-19 era. Neighbouring China, its biggest trading partner, is driving the global rebound and the world increasingly wants the technology that Korea sells. Gross domestic product figures are encouraging. The economy expanded 1.9% in the third quarter from the prior three months, the government reported on Tuesday, exceeding forecasts ...

In China’s post-Covid economy, there may be hope for the struggling private sector made up of millions of small businesses. It needs to stay that way. Unlike previous recoveries, fixed asset investment in the private sphere is rising, continuing an upward trend by climbing 9.1% in September compared to a year earlier, while growing at a slower pace in the ...

Bloomberg ANA Holdings Inc forecast its biggest-ever operating loss of 505 billion yen ($4.8 billion) for the fiscal year through March 2021, the latest airline to face an existential threat to its business due to the pandemic. The Japanese carrier unveiled a restructuring plan that calls for: A newly branded low-cost carrier in addition to Peach, the budget airline already ...

Bloomberg Deutsche Lufthansa AG told staff that winter schedule cutbacks will cause it to bench an additional 125 aircraft and temporarily close large parts of its administrative operations. The reduction will cut the carrier’s active fleet back to the level it operated in the 1970s, with the impact filtering through its operations, it said in a letter to employees seen ...

Bloomberg The resurgent Covid-19 pandemic is pushing back the recovery in air travel, turning winter into a survival test for carriers now pinning hopes on a spring rebound. Airlines are urging governments to introduce more testing and travel bubbles to help spur demand. The industry is on track to burn through an estimated $77 billion in cash the second half. ...

Bloomberg French Transport Minister Jean-Baptiste Djebbari isn’t shying away from a possible temporary nationalisation of airlines hit by the travel slowdown caused by the coronavirus epidemic. Nationalising airlines is “a technical option, temporarily, but you need a project, a strategy,” Djebbari said on Europe 1 radio. “Nationalising a company, entering the company’s capital, it’s a short-term solution.” France and the ...

Bloomberg Amazon.com and Mukesh Ambani’s Reliance Industries’s fight for dominance of India’s lucrative e-commerce space is turning into a face-off, with both sides battling over the assets of a supermarket chain that could be key to their wider ambitions. Ambani and Jeff Bezos, two of the world’s wealthiest men, want the stores and warehouses of Future Retail Ltd, which has ...

Bloomberg Dunkin’ Brands Group, parent company of coffee-and-donuts chain Dunkin’ and Baskin-Robbins, said it’s in talks to be acquired by private equity-backed Inspire Brands. The New York Times reported the talks earlier, saying Inspire will take Dunkin’ private at $106.50 a share, citing two people with knowledge of the negotiations who weren’t identified. The deal — valued at $8.8 billion ...

Bloomberg President Donald Trump’s push for a second poll-defying victory is relying on a hallmark of his first — raucous campaign rallies that Trump sees as a crucial sign of voter enthusiasm but that pollsters say may only be cementing his defeat. Trump held three rallies, all in Pennsylvania, with three more scheduled on Tuesday and as many as five ...

Bloomberg US Secretary of State Michael Pompeo and Defense Secretary Mark Esper pushed for closer ties with India at a high-level ministerial meeting with their Indian counterparts, at a time when New Delhi is facing a prolonged border conflict with China. “The United States will stand with the people of India as they confront threats to their sovereignty and to ...