From Breakingviews: A German billionaire could make life difficult for Lufthansa and gambling company William Hill offers punters the chance to take a different sort of flutter
Lufthansa airplanes are parked at Frankfurt airport as air traffic is affected by the spread of the coronavirus disease , in Frankfurt, Germany, March 23, 2020.AIR BRAKES. Heinz Hermann Thiele is holding Deutsche Lufthansa hostage in a showdown with Chancellor Angela Merkel. The German billionaire brake maker has raised his stake in the struggling national carrier to 15%. He has also come out swinging against a 9 billion euro bailout that includes Berlin taking a 20% equity stake.
TECH APPEAL. Square Peg is putting the venture capital into Covid-19. The eight-year-old Australian VC firm, whose portfolio includes graphic design unicorn Canva, said it raised more than A$350 million for its fourth fund and to finance other opportunities. The round, which includes Square Peg’s first investment from AustralianSuper, the country’s biggest pension fund, takes its assets under management to over A$1 billion.
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