Bloomberg Business

EU Must Spend $4 Billion on Ammunition for Ukraine, Estonia Says

European Union nations should invest around €4 billion ($4.3 billion) to jointly procure the 1 million rounds of ammunition that Ukraine says it needs this year to beat back Russia’s invasion, according to a proposal by Estonia sent to the bloc’s member states.

Ex-Wirecard CEO Said He Updated Markets to Best of His Knowledge

Markus Braun, the former chief executive officer of collapsed tech firm Wirecard AG, insisted he acted properly when he told markets two months before the company’s spectacular demise that a KPMG probe found no wrongdoing — even though the auditor didn’t have access to the documents it needed.

Lufthansa Cancels 1,200 Flights Due to Airport Strike Action

Deutsche Lufthansa AG will cancel at least 1,200 flights for Friday due to strikes at its main Frankfurt and Munich hubs, the latest disruption to hit Europe’s biggest airline after an IT incident grounded its fleet on Wednesday.

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