Bloomberg Iceland is proceeding with plans to test all incoming airline passengers for Covid-19 from June 15 in a bid to salvage its biggest export, tourism. The government’s announcement follows consultations with the country’s chief epidemiologist and a deal with DeCODE Genetics, which will assist with the testing facilities. “The economic impact of unchanged travel restrictions would be enormous,” the …

Bloomberg Tiffany & Co plunged after Women’s Wear Daily (WDD) reported LVMH’s $16 billion deal to buy the jeweler is uncertain as the US economy faces widespread upheaval. Board members of the French luxury giant arranged to meet to discuss the planned acquisition, WWD reported, citing unidentified individuals. Directors are concerned about the Covid-19 pandemic that has disrupted the US …

Bloomberg The global rally in stocks held its momentum on Wednesday as investors showed more optimism of quick economic recovery from the coronavirus pandemic. Treasuries dipped with gold, and a dollar gauge hit its lowest level since early March. Gains in insurance and auto shares pulled the Stoxx Europe 600 Index higher. Contracts on the S&P 500 Index rose along …