Norwegian Air’s shareholders overwhelmingly endorsed on Tuesday the lossmaking airline’s plan for a deeply discounted cash call to help bolster its finances, Chairman Bjoern Kise said. Norwegian Air said on Jan. 29 it would raise 3 billion Norwegian crowns ($348 million) in a rights issue, just days after British Airways owner IAG ruled out a bid for the budget carrier, Reuters reported.

German financial executives do not expect the slowdown in the eurozone’s biggest economy to cease any time soon, according to a closely watched survey released on Tuesday that showed a persisting decline in confidence, the Financial Times reported. The Zew Indicator of Current Conditions in Germany fell 12.6 points month-on-month to 15 in February, its lowest point since 2014 and well below expectations for 23 according to analysts polled by Reuters. That follows a steep fall, to a four-year low, in January.

Danske Bank has been forced to close all operations in the Baltics and Russia in response to the largest money-laundering scandal, which has prompted EU authorities to launch an investigation of Danish and Estonian regulators. The bank was given eight months to return customer deposits and transfer its loan contracts to another provider in Estonia, after a report released last autumn revealed the extent of the failures at the bank, the Financial Times reported.

After five years of falling or stagnant incomes, Russian consumers are facing yet more bad news in 2019, Bloomberg News reported. First came the Jan. 1 increase in the value-added tax by two percentage points. A few weeks later, the central bank signaled it could limit one of the key sources battered shoppers have been relying on to keep up their spending: a boom in consumer lending. Real disposable incomes contracted 1.3 percent last month, according to an estimate released by the Federal Statistics Service late Tuesday. The median of 9 economists forecast a decline of 0.9 percent.

The recapitalization of Germany’s NordLB bank should be investigated by the European Commission as it likely involved state aid that might have violated European Union rules, two EU lawmakers said on Tuesday. The lender, which has been struggling for years due to its exposure to the crisis-hit shipping industry, said in February that the German regional state of Lower Saxony and Saxony Anhalt had decided to go ahead with a recapitalization, also backed by German savings banks, Reuters reported.

The family of Israeli property tycoon Amir Dayan is among buyers of a portfolio of U.K. hotels leased to Hilton Worldwide Holdings Inc., according to people with knowledge of the deal. The group of nine hotels, which entered a form of bankruptcy protection under U.K. insolvency laws starting in early 2018, was acquired by companies controlled by Vivion Investments Sarl for 246 million pounds ($315 million), according to a filing by the administrators appointed to oversee the properties, Bloomberg News reported.

Greece plans to pump as much as 1 billion euros ($1.1 billion) into its banks over the next five years by subsidizing a part of households’ mortgage repayments, Bloomberg News reported. Under the plan, some households unable to repay their home loans will restructure their debts with the banks, with the state then paying part of the remaining monthly installments, according to three people familiar with plan, who asked not to be named as details still need to be finalized. Greek banks are grappling with 88.6 billion euros of bad loans, a legacy of the country’s financial crisis.

Isla Rowntree, the founder of British children’s bike maker Islabikes, has resorted to stacking spare parts in meeting spaces and office rooms as she gets ready for a potentially chaotic no-deal Brexit next month, Reuters reported. But the inconvenience of finding the space for six months’ worth of stock is small compared with the financial consequences, she says.

Delta Air Lines Inc. and U.K. discounter EasyJet Plc may invest as much as 400 million euros ($452 million) total in the latest attempt to revamp struggling Italian airline Alitalia SpA, according to people familiar with an initial draft of the plan, Bloomberg News reported. Investors in a group led by rail operator Ferrovie dello Stato SpA are evaluating the financial needs of the “new Alitalia” that would emerge after the second bankruptcy process in a decade, said the people, who asked not to be named because the discussions are private.

British regional airline Flybmi has gone into administration and has cancelled all flights with immediate effect, the company said in a statement on Saturday, blaming Brexit uncertainty as one of the reasons for its collapse, Reuters reported. A spokesperson for British Midland Regional Ltd said the company had taken the decision due to increased fuel and carbon costs and to uncertainty arising from Britain’s plans to leave the European Union on March 29. The airline, based in the English East Midlands, operates 17 planes flying to 25 European cities.