TikTok users say their videos helped drive down attendance at Trump’s Tulsa rally; the White House prepares for a second wave; China halts some chicken imports from Tyson over Covid-19 concerns. WSJ’s Shelby Holliday has the latest on the pandemic. Photo: Nicholas Kamm/AFP …read more […]
Hackers could be gearing up to attack another election, says this tech CEO. …read more […]
Top news and what to watch in the markets on Monday, June 22, 2020. …read more […]
Airlines are struggling to coax passengers back into the skies, and one company is looking to help solve that problem — by giving flyers a breath of their own fresh air. …read more […]
Republican and Democratic lawmakers are pushing for police reform, and while there is some agreement, there is also some division. WSJ’s Gerald F. Seib talks with reporter Kristina Peterson about the challenges they face to meet in the middle. Photo: Sarah Silbiger/CNP via ZUMA Wire …read more […]
(Bloomberg) — James Freis took charge of Wirecard AG on Friday following the shock announcement that Markus Braun had resigned as chief executive officer. The question he faces on Monday is what, if anything, he will be able to salvage of the payment company.Braun’s position became untenable following revelations that about 1.9 billion euros ($2.1 billion) — or two-thirds of the company’s 2019 revenue — had gone missing. The two Asian banks that were supposed to be holding the money denied any business relationship with Wirecard and the company subsequently withdrew its fiscal 2019 and first-quarter 2020 financial results after …read more […]
Jun.22 — Bank of England Governor Andrew Bailey signaled a major shift in the central bank’s strategy for removing emergency stimulus, stressing the need to reduce the institution’s balance sheet before hiking interest rates.
Writing for Bloomberg Opinion, Bailey said such a plan would give officials more firepower in future crises. David Goodman reports on “Bloomberg Markets: European Open.” …read more […]
Jun.22 — U.S. Securities and Exchange Commission Chairman Jay Clayton was surprised and dismayed by the political battle that quickly erupted over his pending nomination to be the top federal prosecutor in New York, said people familiar with the matter. Derek Wallbank reports on “Bloomberg Daybreak: Europe.” …read more […]
Jun.22 — Hong Kong’s autonomy will be top of the agenda when European Commission President Ursula von der Leyen and European Council President Charles Michel hold video conferences today with Chinese Premier Li Keqiang and President Xi Jinping. Maria Tadeo reports on “Bloomberg Markets: European Open.” …read more […]
American Airlines Group Inc. (AAL) is planning to raise as much as $3.5 billion from stock and notes offerings, as the ailing U.S. carrier grapples with the financial fallout of the travel freeze triggered by the coronavirus pandemic.The U.S carrier plans to raise $1.5 billion from selling shares and convertible notes. It will also offer $1.5 billion aggregate principal amount of secured senior notes due 2025. Upon closure of the notes offering, the airline seeks to enter into a new $500 million term loan B facility due 2024.As part of the share and convertibles notes offering, the airline will grant …read more […]
Jun.22 — National Australia Bank Ltd. Chief Executive Officer Ross McEwan discusses how the coronavirus outbreak is affecting global businesses and the banking industry, and the business implications of the rising tensions between China and Australia. He speaks at the Bloomberg Invest Global Summit. (Excerpts) …read more […]
(Bloomberg) — Deutsche Lufthansa AG faces one of the most momentous weeks in a near 70-year history, with a clash between its biggest investor and the German government threatening to scupper a 9 billion-euro ($10 billion) bailout and push Europe’s biggest airline toward collapse.With Lufthansa fighting for survival after the coronavirus outbreak punctured a decades-long global travel boom, billionaire Heinz-Hermann Thiele is threatening to block the rescue plan — which would dilute his holding and influence — at a virtual shareholder meeting Thursday.Thiele is set to make his case to Lufthansa Chief Executive Officer Carsten Spohr and the two German …read more […]
In recent days the German payments company’s chief executive has quit and its shares have slumped. …read more […]
Jun.22 — Hong Kong Exchanges & Clearing Ltd. Chief Executive Officer Charles Li talks about the outlook for the market and China’s national security law. He speaks at the Bloomberg Invest Global Summit. (Excerpts) …read more […]
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