Bloomberg Delta Air Lines Inc will inform almost 2,600 pilots about a possible furlough while encouraging a total of 7,900 eligible aviators to accept an early retirement package, according to a memo sent to staff. “Even with the increased travel demand we’ve seen in recent weeks, we expect revenue to be at only 25% of what it was last summer ...

Bloomberg American Airlines Group Inc said it would sell flights to capacity starting from July 1, abandoning caps on passenger loads that were designed to promote social distancing amid the coronavirus pandemic. Customers still will be notified when they’re booked on crowded flights and can move their reservations at no cost, the airline said in a statement. Starting from June ...

Bloomberg Nike Inc is cutting jobs as the world’s largest athletic brand refocuses on selling directly to consumers, pushing further away from a traditional retail channel that’s been ravaged by the pandemic. CEO John Donahoe, a longtime Silicon Valley executive who took the helm at Nike in January, announced a new phase in its e-commerce push called the Consumer Direct ...

Bloomberg Hindustan Unilever Ltd’s decision to rename its melanin-suppressing face cream, Fair & Lovely, will probably need a large media campaign to win over consumers which poses short-term risk to its margin in that particular segment, according to Jefferies India Pvt. The product, which earns more than $500 million in annual revenue for Unilever Plc from India alone, will be ...

Bloomberg The White House denied reports that President Donald Trump had been briefed by intelligence officials about, but had done nothing to respond to, an effort by Russian President Vladimir Putin to put bounties on US and allied troops in Afghanistan. The statement came shortly after Democratic presidential nominee Joe Biden slammed Trump for the alleged inaction, which was first ...

Bloomberg China’s top legislative body will vote on Hong Kong’s security legislation on Tuesday morning, the day before the city’s handover anniversary, Now TV News reported, signalling Beijing may soon hand down a measure that pro-democracy activists and business groups say could erode the city’s unique freedoms. At a three-day meeting that started on Sunday, the National People’s Congress Standing ...

Bloomberg Polish citizens are voting in a presidential election that will determine the fate of the east European country’s nationalist makeover. After voiding a ballot in May due to the coronavirus pandemic, Poland on Sunday held the first of an expected two rounds of voting to determine whether to re-elect President Andrzej Duda. More than 27,000 polling stations catering to ...

Bloomberg Lazarus Chakwera was sworn in as Malawi’s new leader on Sunday, a day after trouncing Peter Mutharika in a court-ordered election rerun, and pledged to unite the deeply dividend nation and clamp down on graft. “I know that there are many of you who did not vote for me in this election, and perhaps the prospect of my presidency ...

Bloomberg After two decades in power, Vladimir Putin’s approval ratings are at an all-time low as Russia’s economy reels under the impact of the coronavirus epidemic and the slump in oil prices. What better time for him to seek to extend his presidency for potentially 16 more years? It’s a measure of how tightly Putin has controlled the operation to ...

Bloomberg Prime Minister Boris Johnson vowed the UK will spend large sums on hospitals, schools and roads to jump-start the economy as it emerges from the coronavirus lockdown that has plunged the country into what may be the worst recession in three centuries. In an interview in the Daily Mail, Johnson rejected a return to the austerity policies that followed ...