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Gucci’s sales rebound in first quarter

Bloomberg Gucci’s sales rebounded in the first quarter, signalling a recovery for the luxury brand after the appeal of its flamboyant fashions waned last year. Comparable sales, a key measure of retail performance, jumped 25% at the Italian fashion house to 2.17 billion euros ($2.61 billion), owner Kering SA said in a statement. Analysts had expected a 19% gain. Gucci ...

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France backs Chad military rulers, AU urges swift change

Bloomberg France backed a military council that intends ruling Chad for a transition period following the president’s death, while a continental body said it was deeply concerned by the military takeover. The situation threatens “peace, security and stability” not only in Chad, but also the region, as well as the continent, the African Union (AU) said in a statement on ...

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Pentagon sending two B-52s, carrier to guard Afghanistan withdrawal

Bloomberg Two B-52 long-range bombers arrived in the region around Afghanistan to bolster security as the US prepares to withdraw all 2,500 troops from the country by September, Pentagon spokesman John Kirby said. The bomber deployment was approved by Defense Secretary Lloyd Austin along with an extension of the carrier USS Eisenhower’s current tour in the Middle East as the ...

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