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Bloomberg EasyJet Plc predicted an uneven recovery this summer as European destinations relax coronavirus curbs only gradually, prompting the discount airline to chart a more cautious path to rebuilding its service. The UK company expects to add flights in earnest from June, a month later than planned, it said after posting a 701 million-pound ($990 million) loss for the first ...

Bloomberg Canadian retail sales hit a snag in April amid a third wave of Covid-19 restrictions. Receipts fell 5.1% last month after many provinces introduced strict measures to curb virus cases, according to preliminary data from Statistics Canada. The drop reverses two strong months of gains, including a 3.6% increase in March. Canadian retailers are likely to remain weak throughout ...

Bloomberg China Resources Holdings Co is weighing a Hong Kong initial public offering for its supermarket business CR Vanguard that could raise as much as $2 billion, according to people familiar with the matter. The state-owned conglomerate has held initial talks with potential advisers on the share sale plan, which could happen as soon as next year, the people said, ...

Bloomberg Financial investor Attestor Ltd has acquired a majority stake in German airline Condor, rescuing a company that’s survived on government support after the coronavirus pandemic punctured the boom in air travel. Attestor, a wealth management company with around 5.5 billion euros ($6.7 billion) in assets, will pump 200 million euros of capital into Condor and spend an added 250 ...

Bloomberg President Joe Biden said he would appoint a special envoy to address issues regarding North Korea and vowed to coordinate policy towards Pyongyang closely with South Korea’s government. Following meetings with South Korean President Moon Jae-in in Washington, Biden said he’s appointing Ambassador Sung Kim to be the special envoy and that the US and South Korea are willing ...

Bloomberg The Philippines and China held talks on the South China Sea through a bilateral online forum set up by both nations to promote dialogue and cooperation over the disputed waters. “The two sides had friendly and candid exchanges on the general situation and specific issues of concern in the South China Sea,” according to a statement released by the ...

Bloomberg The Biden administration has prepared economic sanctions against Ethiopia that could halt financing from the US and loans by international financial institutions, according to two people familiar with the matter. The action, if confirmed, would set back relations between two longtime allies in the fight against extremism in the Horn of Africa. They’d add pressure to Ethiopia’s state finances ...

Bloomberg Germany will impose fresh restrictions on travellers from the UK starting on Sunday due to the rapid spread in Britain of the coronavirus strain first identified in India. Travellers from the US will have to spend two weeks in quarantine upon arrival in Germany even if they test negative for the virus, according to the foreign ministry. In addition, ...

Bloomberg Australian writer Yang Hengjun will face trial in China for espionage next week, a development that is sure to strain already fraught ties between Beijing and Canberra. The Chinese government notified the Australian authorities that Yang would face trial on May 27, Australian Foreign Minister Marise Payne said in a statement. Yang was detained in January 2019 on allegations ...

Bloomberg India’s central bank approved paying a higher-than-expected nearly $14 billion as dividend to the government, providing relief to Finance Minister Nirmala Sitharaman at a time when the pandemic has strained public finances. The central board of the Reserve Bank of India approved transferring 991.2 billion rupees ($13.6 billion) to the government on, according to a statement from the Reserve ...