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Bloomberg Delta Air Lines Inc. is making payments to management employees to help offset reductions imposed a year ago when the burgeoning coronavirus pandemic decimated travel demand and prompted workers to take unpaid leave or retire early to help slash spending. The carrier is making the payouts after accepting billions of dollars in federal aid dedicated to preventing broad involuntary ...

Bloomberg Myanmar protesters marched Monday in some of the country’s biggest cities, part of another nationwide strike to pressure the military to relinquish power after a February 1 coup. Thousands of demonstrators hit the streets in Yangon and Mandalay, Myanmar’s biggest cities, as well as other cities to keep up momentum for the pro-democracy movement. In the southeastern city of ...

Bloomberg New York’s highest-ranking state lawmakers called on Governor Andrew Cuomo to resign even as he remained defiant that he wouldn’t step down. “I am not going to resign because of allegations,” Cuomo said on a call with reporters. “There is no way I resign.” Cuomo, a third-term Democrat, faces claims of impropriety from five women, after disclosures from two ...

Bloomberg Beijing pledged to speed up legislation aimed at countering US sanctions, as it seeks to narrow Washington’s advantages in disputes after the Trump administration levied waves of penalties against China. Measures were announced by National People’s Congress Standing Committee Chairman Li Zhanshu as part of his annual report to the Chinese legislature on Monday. “We will upgrade our legal ...

Bloomberg Libya’s two rival parliaments began meeting for the first time to discuss a proposed unity government that would lead the war-torn Opec member until elections in December. Monday’s joint session involving lawmakers from the Tobruk-based parliament, which backed eastern military commander Khalifa Haftar, and the rival assembly headquartered in Tripoli, the capital, is taking place in the central coastal ...

Bloomberg Decisions by two Republican governors to remove all coronavirus restrictions in their states have reignited the political debate on the pandemic response, elevating it as a campaign issue this year and in 2022. Republicans Greg Abbott of Texas and Tate Reeves of Mississippi announced last week they’re eliminating state mask mandates and allowing businesses to reopen at full capacity, ...

Bloomberg India’s record foreign-exchange reserves and a rare current-account surplus look set to cushion the nation’s currency and bonds from a global surge in interest rates. While the central bank does have its hands full managing the government’s large debt issuance, strategists see the country in a much stronger financial position now than it was during previous bouts of turmoil ...

Bloomberg Societe Generale SA is planning to cut about 80 positions in London as the lender scales back a business that provides securities services to asset managers, banks and brokers. About half the positions are being cut at SocGen securities services unit, known as SGSS, in the UK capital, according to people with knowledge of the matter. The remainder mostly ...

Bloomberg DBS Holdings Group Ltd. cut Chief Executive Officer (CEO) Piyush Gupta’s total 2020 compensation by 24% after Singapore’s largest lender posted its first annual drop in profit for four years. The bank slashed Gupta’s bonus by 27%, resulting in a 24% decline in his overall compensation to S$9.2 million ($6.8 million) for the 2020 performance year, down from S$12.1 ...

Bloomberg UBS Group AG expects the coronavirus pandemic to further boost consolidation in the banking sector amid increasing threats from low interest rates and intensified competition. “There are likely to be more mergers and acquisitions in the US and especially the European Union, with growing regulatory appetite,” UBS said in its annual report. Switzerland’s biggest bank also said it sees ...