June, 2020

• 10 June

  Economic nationalism is wrong turn for India

  Prime Minister Narendra Modi wants all 1.3 billion Indians to be “vocal for local” — meaning, to not just use domestically made products but also to promote them. India’s Covid-19 lockdown has severely pinched logistics, a perennial challenge in the huge, infrastructure-starved country. But more worrying than the disruption is the fruity political response to it. Rather than being a ...

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• 10 June

  Delta Air in talks to delay $300m Gol loan payment

  

  Bloomberg Delta Air Lines Inc is in talks to let Gol Linhas Inteligentes SA postpone payments on a $300 million loan for which the US carrier is guarantor, two people familiar with the matter said. The loan matures in August. Negotiations are under way and a delay agreement is expected to be reached, the people said, asking not to be ...

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• 10 June

  American to put 141 planes back in service

  

  Bloomberg American Airlines Group Inc will take 141 aircraft from storage to support an increase in July service as travelers return to the skies faster than expected amid the coronavirus pandemic. The carrier will reactivate 83 Airbus SE A320 family planes and 58 Boeing Co 737 jets, spokesman Brian Metham said. American joins Delta Air Lines Inc in bringing back ...

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• 10 June

  Portugal’s budget includes up to $1.4b in aid for TAP

  

  Bloomberg Portugal’s supplementary budget for 2020 includes as much as 1.2 billion euros ($1.4 billion) in aid for TAP SGPS SA after the airline had to suspend most of its operations due to the coronavirus outbreak. The process to provide aid for TAP hasn’t been concluded yet, Secretary of State for Treasury Alvaro Novo told reporters at a press conference ...

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• 10 June

  Estee Lauder to boost black hiring, donations after complaints

  

  Bloomberg Estee Lauder Cos plans to hire more black employees, buy more from black-owned businesses and expand diversity training programs after employees raised concerns about race relations within the company. Top executives at one of the world’s largest cosmetics businesses said they “stand in solidarity with our black employees, black consumers and black communities and firmly believe black lives matter,” ...

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• 10 June

  Best Buy to reopen most stores next week

  Bloomberg Gadget junkies soon won’t need an appointment to shop at Best Buy Co anymore. Starting from June 15, the nation’s biggest consumer-electronics retailer will allow a limited number of shoppers inside most of its stores, moving past an appointment-only model that it had instituted in the wake of the Covid-19 pandemic. The retailer will bring back about 9,000 employees ...

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• 10 June

  Kim raises pressure on South Korea to split with Trump

  

  Bloomberg Both North Korea and left-leaning supporters of South Korean President Moon Jae-in want him to restore economic ties broken by security tensions. But pleasing them would mean angering US President Donald Trump. North Korea said it was closing down communication links set up two years ago between Moon and Kim Jong-un, jeopardising the South Korean leader’s 2017 campaign promise ...

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• 10 June

  Trump undermines Merkel as she tries to stand up to Putin

  

  Bloomberg The reverberations from Donald Trump’s latest broadside against Germany have reached all the way to Moscow. The president’s decision to withdraw more than a quarter of the US troops stationed in her country leaves Chancellor Angela Merkel exposed at a moment when she’s facing growing pressure to get tough with Vladimir Putin and was welcomed in the Russian capital. ...

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• 10 June

  Biden embraces black voters but keeps distance from demands

  

  Bloomberg Joe Biden is working to show he’s an ally for black voters in their fight against police brutality, yet the likely Democratic nominee is only willing to go so far. In the wake of George Floyd’s death while in Minneapolis police custody, Biden has taken a tough stance against police misconduct, urging additional training for law enforcement and an ...

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• 10 June

  Anti-terror raids killing civilians in West Africa

  

  Bloomberg More than 142 people are missing and 57 feared killed after troops in Mali and Niger scaled up counter-terrorism operations in recent months, Amnesty International said. The human-rights group documented 199 cases of abuses, arbitrary arrests and forced disappearances by troops in the two countries, as well as neighbouring Burkina Faso, in February and March. The security forces were ...

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