Back in March, Adidas AG Chief Executive Officer Kasper Rorsted likened dealing with the Covid-19 outbreak to a football match. There was a great first half of the game before the virus struck. The half-time break was longer than expected, but play would eventually resume. He showed just how damaging that halt was, but he said the tournament is now ...

It finally happened. After a month of threatening to do so, President Donald Trump issued executive orders that will ban the popular Chinese-owned social media apps TikTok and WeChat in the US on national security concerns. There are still some unknowns around the language and implementation of the decrees, and there’s a chance they get dialed back later during trade ...

Over the past decade, it’s almost been too easy for Americans to manage their wealth. A textbook 60/40 portfolio — in its simplest incarnation, exposure to the S&P 500 Index and Treasury bonds — was an effortless winner. The US boasted the world’s best stock market, and bonds, apart from offering interest income, provided a nice hedge against equity risks. ...

Bloomberg Deutsche Lufthansa AG warned that compulsory dismissals are likely in Germany amid slow progress in talks with unions, stiffening its tone as it braces for years of reduced demand. Europe’s biggest airline posted an adjusted operating loss of 1.7 billion euros ($2 billion) in the second quarter — its biggest ever — wrapping up a dismal set of results ...

Bloomberg The Air India Express jet that overshot the runway on August 07, killing at least 18 people, had touched down too far along the airstrip, the chief of India’s aviation regulator said amid ongoing investigations. Arun Kumar, director general for civil aviation, told CNN News-18 that the plane landed about 3,000 feet into a 9,000 feet-long runway, causing it ...

Bloomberg Korean Air Lines provided some rare positive news for the devastated global aviation industry, reporting a quarterly profit after flying planes loaded with products from South Korean technology giants to homebound consumers around the world. The carrier’s operating profit was 148.5 billion won ($125 million) for the April-June period. Cargo sales climbed 95% from a year earlier to 1.23 ...

Bloomberg Health and Human Services Secretary Alex Azar arrived in Taiwan on Sunday for the highest-ranking visit by a US official to the island in decades, a trip that stands to further worsen spiralling relations between the US and China. Azar is set to discuss the international response to the coronavirus, along with supplies of medical equipment and technology, according ...

Bloomberg Lebanon’s minister of information resigned a day after deadly protests against the government’s role in last week’s devastating blast in Beirut, and hours before global leaders gathered to discuss aid to the country. Information Minister Manal Abdel Samad submitted her resignation “in response to the public calls for change,” she said in a televised press conference on Sunday. Nehmat ...

Bloomberg Afghanistan’s government will release hardened Taliban prisoners to clear the final hurdle for direct peace talks with the insurgent group and end the 19-year war. President Ashraf Ghani on Sunday said he would accept the recommendation of the Loya Jirga, a grand national assembly of 3,400 influential members of society, which sought to free 400 Taliban prisoners “in order ...

Bloomberg Hong Kong’s privacy chief criticised the US Treasury Department for “doxxing” Chief Executive Carrie Lam and other officials by releasing their personal information as part of its sanctions on them. “The disclosure of the data of the persons concerned by the US Department of the Treasury is obviously excessive and unnecessary,” Acting Privacy Commissioner Tony Lam said in a ...