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Cartier plans US store expansion

  Bloomberg Cartier, the French maker of upscale watches and jewelry, plans to open as many as 10 stores in the US in the coming years — another sign that European luxury brands are betting American demand will remain robust. The company, owned by luxury conglomerate Richemont, is likely to turn a temporary shop in Palm Beach, Florida, into a ...

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Russia says annexed zones’ borders not set as Ukraine gains

  Bloomberg Its forces losing ground by the day to Kyiv’s counteroffensive, Russia said it still hasn’t finalized the borders of two of the four regions of Ukraine that President Vladimir Putin last week claimed as his own. “As for Kherson and Zaporizhzhia, we will continue to consult with the people who live in those regions,” Kremlin spokesman Dmitry Peskov ...

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Credit Suisse CEO seeks to calm as default swaps near 2009 level

  Bloomberg Credit Suisse Group AG’s new chief has asked investors for less than 100 days to deliver a new turnaround strategy. Turbulent markets are making that feel like a long time. The cost of insuring the firm’s bonds against default climbed about 15% last week to levels not seen since 2009 as the shares touched a new record low. ...

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