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Bloomberg Air France-KLM Chief Executive Officer Ben Smith indicated the struggling airline could seek a further recapitalisation later this year even after the latest 4 billion-euro ($4.8 billion) rescue from the French government that includes the sale of new shares. “We do have heavy, heavy debt that is holding back our balance sheet,” the CEO said at the virtually held ...

Bloomberg Amazon.com boosted its role as the world’s biggest corporate buyer of green power with a series of deals to help slash the company’s carbon footprint. Agreements to buy renewable energy are an increasingly popular way for big companies to cut emissions. Amazon will use the power from wind farms, solar parks and batteries to run its global operations. “Many ...

Bloomberg Chad’s president, Idriss Deby, has died a day after he secured a sixth term in elections that were marred by an opposition boycott. He was 68. Deby died of injuries sustained in a battle against rebels, according to a statement read out on state radio by General Azem Bermandoa Agouna, the army’s spokesman. A military council will govern the ...

Bloomberg Chinese President Xi Jinping called for greater global economic integration and warned against decoupling while calling on the US and its allies to avoid “bossing others around.” “International affairs should be conducted by way of negotiations and discussions, and the future destiny of the world should be decided by all countries,” Xi said on Tuesday at the Boao Forum ...

Bloomberg The Czech Republic blamed the same Russian agents accused of poisoning former spy Sergei Skripal in the UK for a deadly 2014 blast that has done the worst damage to Prague-Moscow ties since the fall of communism. After both sides expelled a record number of diplomats, the Czechs are pondering a further response after Russia left just a skeleton ...

Bloomberg China’s military is thought to have instructed a hacker group to conduct cyberattacks on nearly 200 Japanese research institutions and firms, public broadcaster NHK reported, citing unidentified people in a police investigation. The investigators found a member of China’s Communist Party made contracts under a false name for rental servers in Japan that were used in the attacks on ...

Bloomberg German Chancellor Angela Merkel expressed concern at continued Russian troop deployments around Ukraine that the European Union estimates at 100,000, while the government in Kyiv appealed for sanctions to be tightened on its neighbour. The situation is “extremely tense and very worrying as a result of the concentration of forces on the Russian side of the Ukrainian border,” Merkel ...

Bloomberg Australia’s biggest banks are expanding their sustainable finance teams even as they struggle to find talent in the fast-changing sector. Commonwealth Bank of Australia has doubled the size of its sustainable division, while Australia & New Zealand Banking Group Ltd. (ANZ) has boosted its group to 14 people, with more hires on the way. The nation’s top lenders are ...

Bloomberg Wells Fargo & Co is joining major Wall Street banks in rewarding junior bankers for fielding a surge in business amid the coronavirus pandemic. The San Francisco-based bank will pay special bonuses of $10,000 to analysts and $20,000 to associates, incrementally over six months, according to person with knowledge of the plan. “The past year has placed great pressure ...

Bloomberg Credit Suisse Group AG’s prime-brokerage co-heads are leaving the bank in the wake of its $4.7 billion loss from the implosion of Archegos Capital Management, according to a company memo. John Dabbs and Ryan Nelson will step down immediately while assisting Credit Suisse through mid-May on an orderly transition, the bank said in the memo. Roger Anerella was appointed ...