Bloomberg For nearly all retailers, the pandemic has meant shoppers check out less often and stock up on each trip. But Target Corp bucked that trend with record sales and profit last quarter, emerging as a winner in the Covid-19 era. The shares jumped as much as 13% to their highest price ever last week after Target reported a 4.6% ...

Bloomberg Delta Air Lines Inc laid out plans to resume 50 international routes later this year and next that have been grounded by the collapse in travel demand amid the coronavirus pandemic. International flying evaporated after some countries banned travel from virus hot spots and others imposed quarantines. Passenger volume on such flights in the week ending August 16 was ...

Bloomberg American Airlines Group Inc plans to cease flights to 15 smaller US cities because of low demand, beginning the first phase of dropping markets from its network as the coronavirus pandemic keeps millions of flyers off planes. The reductions are effective from October 7, shortly after the expiration of service requirements tied to federal payroll aid, American said in ...

Bloomberg Ryanair Holdings Plc plans to cut fewer jobs than initially planned after staff agreed to pay reductions, Sky News reported, citing a senior executive at the company. Europe’s biggest discount carrier originally planned to eliminate 3,000 positions, but will now significantly reduce that total after 97% of pilots and 90% of cabin crew agreed to pay cuts and changes ...

Bloomberg Singapore Airlines Ltd has burned through half of the S$8.8 billion ($6.4 billion) it raised through share sales in just two months even as it cut costs and grounded most of its fleet, highlighting how carriers can keep incurring expenses even when planes are left idle. Of the S$4.4 billion spent since mid-June, S$1.1 billion was used for operating ...

Bloomberg Amazon.com Inc’s India brick and mortar retail partner Future Retail Ltd is in talks with banks to help fund a missed interest payment before a deadline. The company failed to pay $14 million of interest due July 22 on its 5.6% 2025 dollar notes, and is in a 30-day grace period that expired last week. If payment were not ...

Bloomberg Protesters gathered in Minsk as opposition forces try to keep up pressure on Belarus President Alexander Lukashenko, while his security apparatus makes a show of force in the country’s capital. Police patrols on main highways leading to Minsk are slowing incoming traffic and making it harder for protesters from other parts of the country to reach the capital. Rainy ...

Bloomberg China’s patrols in the South China Sea are “beyond reproach” and air patrols by the Philippines infringe on its sovereignty, Chinese Foreign Ministry spokesman Zhao Lijian said. Zhao, at a briefing, defended the China Coast Guard’s activities and urged the Philippines to “immediately stop” what he described as “illegal provocations.” The Philippines’ Department of Foreign Affairs said in a ...

Bloomberg The Philippines said there is no overwhelming call for a revolutionary government, in response to a private group’s push to create one. About 300 people, including supporters who participated online, assembled at the Clark Freeport to support a revolutionary government to be led by President Rodrigo Duterte until the end of his term in 2022, the Philippine Daily Inquirer ...

Bloomberg China’s banking regulator pledged its backing for Hong Kong as a finance hub and reiterated a commitment to opening up the Chinese financial sector amid a deepening standoff with the US. China will provide support for its financial institutions who are doing business in Hong Kong while complying with regulations and offering services to residents and companies, the China ...