LVMH shares rose to a record after Chinese shoppers emerged from the world’s strictest lockdowns and splashed out on luxury handbags and jewelry, driving a surge in sales at the Louis Vuitton owner.
Turkish President Recep Tayyip Erdogan vowed to punish breakers of construction-safety regulations in the wake of February’s deadly earthquakes, a move to distance himself from the devastation brought by tens of thousands of building collapses.
Tesco Plc said profit probably won’t change much this year as the UK’s biggest supermarket operator manages to offset at least some cost pressures from rampant inflation.
Assicurazioni Generali SpA is close to selling its Deutschland Pensionskasse AG unit to a German firm controlled by Chinese conglomerate Fosun International Ltd, as the Italian insurer reviews its life operations in a bid to improve profitability.
A unit of Country Garden Holdings Co. has borrowed from a Hong Kong-based private lender to refinance a bank loan, according to a person familiar with the matter, as debt-laden Chinese developers seek to diversify their funding sources.
A war launched by the Kremlin against Ukraine took the blame for driving up the global cost of everything from food to fuel, prompting international sanctions that also contributed to one of the biggest price shocks in modern Russian history.
Japan’s trade watchdog cautioned Mizuho Financial Group Inc.’s brokerage unit, saying the company priced newly listed stocks in a way that could undermine competition and cause the issuing firms “unfair disadvantages.”
Airbus SE has clawed back a €100 billion ($110 billion) market value last reached before the coronavirus pandemic in early 2020 knocked the stock, as a rapid rebound in air travel swells the planemaker’s order book.
(Bloomberg) — Germany is revisiting a contentious decision to allow Chinese state-owned conglomerate Cosco Shipping Holdings Co. to buy a 24.9% stake in one of Hamburg’s port terminals after a government agency reclassified the port terminal as critical infrastructure.
US President Joe Biden navigated sensitive issues of identity that divide Northern Ireland, and even dangled the carrot of major investment if its peace process endures and power-sharing government is restored.
