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Hungary's Hardball Tactics in Failed Airport Bid Raised With EU


Hungary’s Hardball Tactics in Failed Airport Bid Raised With EU
Bloomberg
2 hrs ago
Alberto Nardelli
© Bloomberg
Automobiles arrive at the departures terminal at Liszt Ferenc airport in Budapest, Hungary, on Monday, May 25, 2020. Wizz Air is plotting a major expansion at London Gatwick airport as rival carriers pull back, paving the way for the Hungarian low-cost carrier to emerge from the travel downturn with a bigger presence in the world’s busiest city for passenger traffic.
(Bloomberg) The operator of Budapest airport has raised concerns with the European Union about what it characterizes as undue pressure from Hungary’s government, just as Prime Minister Viktor Orban is applying for billions of euros in pandemic-recovery funds. ....

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China Fines Alibaba Record $2.8 Billion After Monopoly Probe


China Fines Alibaba Record $2.8 Billion After Monopoly Probe
Bloomberg
23 mins ago
Bloomberg News
© Bloomberg
Pedestrians wearing protective masks walk past the Alibaba Group Holding Ltd. logo displayed in front of the company s building in Beijing, China, on Wednesday, Aug. 19, 2020. U.S. President Donald Trump is threatening to slap TikTok-style sanctions on more Chinese companies and Alibaba Group Holding Ltd., as the largest of them all, may be next in line.
(Bloomberg) China slapped a record $2.8 billion fine on Alibaba Group Holding Ltd. after an anti-monopoly probe found it abused its market dominance, as Beijing clamps down on its internet giants. ....

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