Wednesday , September 30 2020

Garuda boss says bankruptcy off table despite Covid strains

Bloomberg The head of Indonesia’s flag carrier said better terms on aircraft loans will help it avoid falling into bankruptcy as the nation grapples with surging coronavirus cases. “We discussed the risks, the benefits, the pluses and minuses and the company’s leadership decided against it,” PT Garuda Indonesia President Director ...

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Conte holds off Salvini challenge in polls

Bloomberg Italian Prime Minister Giuseppe Conte saw off a challenge from opposition rival Matteo Salvini in local elections, strengthening the premier’s grip on his quarrelsome coalition ahead of negotiations over the European Union’s recovery fund. Parties in Conte’s year-old alliance, led by the anti-establishment Five Star Movement and the center-left ...

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