June, 2020

• 23 June

  Donald Trump should not meet with Maduro

  The best thing you can say about President Donald Trump’s changing his mind about meeting with Nicolas Maduro, Venezuela’s strongman, is that it’s not surprising. In an interview with Axios, Trump said he had turned down Maduro’s envoys before. But now, he said, “Maduro would like to meet. And I’m never opposed to meetings — you know, rarely opposed to ...

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• 23 June

  British mall owner Intu warns of administration

  

  Bloomberg Intu Properties Plc warned that some of the UK’s biggest shopping centers may have to close if its survival talks with creditors collapse, putting thousands of jobs at risk just as retailers emerge from the coronavirus lockdown. The landlord has asked banks to waive terms on 600 million pounds ($750 million) of loans until the end of next year. ...

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• 23 June

  US restricts charter flights from India

  

  Bloomberg The US government restricted charter flights from India, accusing that nation of “unfair and discriminatory practices” by violating a treaty governing aviation between the two countries. Air India Ltd has been making flights to repatriate its citizens during the travel disruptions caused by the Covid-19 outbreak, but also has been selling tickets to the public, the Transportation Department alleged. ...

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• 23 June

  Lufthansa’s fate to affect many German savers holding its debt

  

  Bloomberg The outcome of a proposed bailout of flag carrier Deutsche Lufthansa AG that’s meeting resistance from its largest shareholder, will impact the savings of thousands of German investors who hold its debt. The troubled airline has more than 3.7 billion euros ($4.2 billion) in outstanding bonds, loans and Schuldschein debt mostly held by German savings banks, insurers, commercial lenders ...

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• 23 June

  Airbus targets voluntary job cuts before any wider layoffs

  

  Bloomberg Airbus SE plans to pursue voluntary job cuts before seeking forced reductions, as it aims to bring down costs without inciting a political uproar in France and Germany, according to people familiar with the matter. The European planemaker will mandate redundancies only as a last resort after looking at voluntary layoffs and early retirement across its manufacturing operations, said ...

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• 23 June

  London City Airport reopens as UK eases

  Bloomberg London City Airport reopened for passenger flights after a three-month shutdown due to Covid-19, according to a statement by the airport. New safety features include temperature checks, signs and floor markings to help with social distancing and crowd-tracking technology so staff can monitor and direct passengers in large crowds to quieter areas. Passengers are also being asked to wear ...

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• 23 June

  Valentino sues to end its Fifth Avenue lease

  Bloomberg Luxury fashion retailer Valentino has joined a string of retailers suing their landlords to get out of pricey leases after shoppers vanished in the economic lockdown. The US branch of Valentino SpA filed suit in New York State Supreme Court to force 693 Fifth Owner LLC to let it out of its 15-year Manhattan lease nine years early. It ...

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• 23 June

  India seeks Russian missile system after clash with China

  

  Bloomberg India is pushing Russia to speed up the delivery of a missile defense system as ties with China deteriorate following the worst military clash between the Asian nations in four decades. The request comes as China and India’s foreign ministers met on Tuesday in their first face-to-face interaction since a fight along their disputed Himalayan border killed 20 Indian ...

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• 23 June

  Republicans urge Trump to keep troops in Germany

  

  Bloomberg Six Republicans on the House Foreign Affairs Committee are urging President Donald Trump to reconsider his plan to cut the number of US troops in Germany, arguing that the move would harm national security and weaken the deterrent to Russia and China. In a letter to the president, the lawmakers said Russian troops invaded Ukraine and annexed the Crimean ...

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• 23 June

  S’pore calls for election amid pandemic

  

  Bloomberg Singapore will hold an election on July 10 as PM Lee Hsien Loong seeks a renewed mandate to govern amid the coronavirus pandemic that has pummeled the country’s economy. Lee said on Tuesday that he advised President Halimah Yacob to dissolve parliament and issue the writ of election, setting the stage for the upcoming polls. Candidate nominations will take ...

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