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The last time Geneva served as the venue for a US-Russia summit — in 1985, when Mikhail Gorbachev, still fresh in his role as Secretary General of the Soviet Communist Party, met with Ronald Reagan — the US president remarked that “people didn’t get into trouble when they talked to each other but rather when they talked about each other.” ...

Bloomberg Vertical Aerospace Group Ltd, the developer of electric vertical takeoff and landing aircraft, won pre-order contracts of as much as $4 billion as it plans to go public through a merger with a blank-check company. American Airlines Group Inc, Virgin Atlantic Airways Ltd and aircraft lessor Avolon Holdings Ltd agreed to buy as many as 1,000 of the vertical ...

Bloomberg Daily US air travellers exceeded 2 million for the first time since the coronavirus pandemic began, reaching almost three-quarters of the volume recorded on the same day in 2019, according to the Transportation Security Administration (TSA). The total is part of a trend towards improving numbers since February, when vaccinations against the virus began to have an appreciable effect ...

Bloomberg KKR & Co has acquired an almost $800 million loan portfolio from CIT Group Inc as it seeks to expand its footprint in the aviation sector. The deal is part of the global investment firm’s launch of a new commercial aviation lending platform, AV AirFinance Limited, which will provide secured financing to airlines, lessors, manufacturers and investors. The purchase ...

Bloomberg The billionaire dynasty behind Selfridges & Co is considering a 4 billion-pound ($5.66 billion) sale of the British department store group following an approach from a potential buyer. The Weston family has asked Credit Suisse to advise on the future of the business, which includes the flagship emporium on London’s Oxford Street and stores operating under other names in ...

Bloomberg Switzerland plans to reopen its borders for overseas visitors who have received a Covid-19 vaccine on June 28, joining other European countries easing entry rules imposed during the pandemic. Along with European Union countries, Switzerland has restricted travel from outside of Europe’s Schengen area as a result of the pandemic. With its vaccine drive accelerating and Covid-19 infections falling, ...

Bloomberg Jewellery maker Alex and Ani LLC, which operates dozens of stores, filed for Chapter 11 bankruptcy protection and put itself up for sale. The company said it entered into a restructuring agreement with debt and equity holders as it works to reorganise and boost its online and wholesale businesses. The retailer expects “little to no disruption” in operations. Alex ...

Bloomberg Boris Johnson’s UK government doesn’t want any of the leaders at the Group of Seven summit to leave Cornwall without knowing just how angry he is with some of them about Brexit. For the second day in a row, Johnson’s Foreign Secretary Dominic Raab has taken to broadcast interviews to condemn European “ignorance” about the UK, as a dispute ...

Bloomberg President Joe Biden’s meeting with Vladimir Putin won’t be a “light-switch moment” but the start of a longer process aimed at establishing a more stable relationship, said Secretary of State Antony Blinken. Biden believes there are areas where the US and Russia can co-operate, Blinken said on CBS’s “Face the Nation,” one of four scheduled talk-show appearances on Sunday. ...

Bloomberg The head of Chancellor Angela Merkel’s party said he’d prefer to govern with the pro-business Free Democrats, rejecting higher taxes for top earners and criticising the Greens in the buildup to Germany’s election in September. Armin Laschet, Merkel’s would-be heir at the helm of Europe’s biggest economy, told Bild am Sonntag that his Christian Democratic Union is politically closer ...