Bloomberg Hermes International warned that profitability probably has reached a peak and that the strong euro is set to erode 2018 sales of the company’s Birkin handbags and other luxury goods, spurring concern that the industry’s rebound may become rockier. The operating margin will probably narrow after reaching a record 34.3 percent in the first half, executives said, almost double ...

Bloomberg Qantas Airways Ltd. Chief Executive Officer Alan Joyce’s compensation almost doubled in the latest financial year after he helped revive the faltering Australian carrier. The total package for Asia Pacific’s best-paid airline executive surged to $19.7 million in the 12 months through June 30, from about A$13 million a year earlier, according to the company’s annual report released Friday. ...

Dubai / WAM Spending within the UAE’s travel and tourism sector is expected to rise steadily over the next five years and reach over $56 billion in 2022 as new mega-projects come to market, a recent analysis conducted by the Dubai Chamber of Commerce and Industry shows. The analysis, based on data from Business Monitor International (BMI) and the World ...