Bloomberg Hungarian Prime Minister Viktor Orban and Slovak Premier Robert Fico suffered setbacks to their controversial migration policies at the European Union’s top court. An adviser to the EU’s Court of Justice said provisional EU rules to relocate refugees from member states such as Greece and Italy, key entry points to the bloc, should also apply to Hungary and Slovakia. …

Bloomberg LVMH’s first-half profit grew at the fastest rate since 2011 as Japan and Europe joined a luxury industry recovery led by China, showing double-digit sales increases in the second quarter. The world’s biggest luxury-goods company said Japan was boosted by promotional activity like staging Louis Vuitton’s latest runway show there, while Europe was helped by more favorable comparisons in …

Bloomberg Russia threatened to retaliate against new sanctions passed by the US House of Representatives, saying they made it all but impossible to achieve the Trump administration’s goal of improved relations. The measures push US-Russia ties into uncharted territory and “don’t leave room for the normalization of relations” in the foreseeable future, Russian Deputy Foreign Minister Sergei Ryabkov said on …