Bloomberg Louis Vuitton is set to open its first restaurant in France, just in time for the summer season. The fashion brand owned by the luxury conglomerate LVMH SE is opening the dining spot, to be called Mory Sacko at Louis Vuitton, in the Riviera town of Saint-Tropez on June 17. The 40-seat spot with outdoor dining will be …

  Bloomberg US equity futures pared gains on Tuesday and a rebound in European stocks proved short-lived, suggesting markets aren’t out of the woods after a rout driven by expectations of sharper Federal Reserve interest-rate hikes to fight inflation. S&P 500 contracts came off session highs to trade around 0.5%, signalling some relief after the plunge that erased $1.3 trillion …

  Bloomberg Indian central bank’s verbal pledge to support a record government-borrowing program hasn’t been backed by actions so far and that may lead to a deeper selloff in the bond market, according to a top fund manager. The RBI “has just started doing a little bit of open-mouth operations in the sense they want the yield curve to behave …

  Kuwait/ WAM The Central Agency for Public Tenders of Kuwait (CAPT) has stated that the agency awarded 235 tenders worth $5.9 billion in 2021. Secretary-General of CAPT Usama Al-Duaij told Kuna that number of awarded tenders has been mounting on an annual basis, however, the total sum of offers reached, in 2020, only 98 ones, worth approx $1 billion, …

Bloomberg It’s not easy to wipe the trademark grin off Branson’s face, but one way is to ask the British billionaire about the challenges facing his home country. Speaking in Texas about Virgin Atlantic Airways’ bid to tap Austin’s tech boom with its first flights to the state, Branson’s ebullience fades when the conversation switches to the economic squeeze and …

Bloomberg Ryanair Holdings Plc’s Spanish cabin crew unions have announced a strike in late June and early July after pay talks fell apart. Workers are set to strike on June 24, 25, 26 and 30, as well as on July 1 and 2, officials for the main Spanish crew unions USO and SITCPLA said in a press conference in Madrid. …

  Bloomberg Overstock.com Inc is poised to take advantage of the inventory glut plaguing retailers like Target Corp and Walmart Inc. The e-commerce company specialises in helping chains liquidate slow-moving merchandise, and now it will have more opportunities than usual. US retailers racked up excess goods to ensure shelves stayed full during the pandemic. But now shoppers have shifted spending …

  Bloomberg Singapore’s Changi Airport will reopen two of its terminals that were shuttered due to Covid-19 as travel springs back faster than expected. Terminal 4 will reopen in September and departure operations in the southern wing of Terminal 2 will restart from October, Changi Airport Group (Singapore) Pte said in a statement. The added capacity will allow the airport …

  Bloomberg Cosmetics giant Revlon Inc is preparing to file for Chapter 11 bankruptcy as soon as next week as it battles supply chain problems and a heavy debt load, according to people with knowledge of the matter. Talks around the potential filing aren’t final and could change, said the people, who asked not to be named discussing private negotiations. …

  Bloomberg Chart patterns indicate that a revival in China’s technology stocks is running into key technical tests.The Hang Seng Tech Index has rallied 39% since mid-March through June 10 on bets that Beijing is drawing the curtain down on a regulatory clampdown on the sector. That’s added $441 billion in market value across the 30-member gauge. The index lost …