BAILOUT FOR AIR CANADA:

Air Canada says it has agreed with the Canadian government on financing that will allow the airline to access as much as $5.9 billion Canadian (U.S. $4.7 billion) to help it recover from the economic damage caused by the pandemic. As part of the financial package, Air Canada has agreed to a number of commitments related to customer refunds, service to regional communities, restrictions on the use of the funds provided, employment and capital expenditures. In return for the aid, the carrier is offering refunds to customers who bought nonrefundable fares but did not travel due to the pandemic since February 2020.

BILD TO LAUNCH TV CHANNEL:

Germany’s biggest-selling daily newspaper, Bild, plans to launch a television channel that will go on air before the country’s election in late September, its publisher said Monday. Publisher Axel Springer said that the core of the new Bild channel’s schedule will be up to six hours daily of live programming starting in the morning. It said in a statement that “the focus is on politics, sports, celebrities, crime, and service topics, among others,” and the program could be interrupted at any time for breaking news stories.

APPLE WORKING ON NEW DEVICE:

Apple is working on a product that would combine an Apple TV set-top box with a HomePod speaker and include a camera for video conferencing through a connected TV and other smart-home functions, according to people familiar with the matter, who asked not to be identified discussing internal matters. The device’s other capabilities would include standard Apple TV box functions like watching video and gaming plus smart-speaker uses such as playing music and using Apple’s Siri digital assistant.