What’s the next step for House Democrats? Senate Republicans have finally agreed internally on their opening bid for the next pandemic economic relief and stimulus bill, but there’s zero chance that the parties can resolve their differences before two imminent deadlines pass: The expanded unemployment insurance payments put in place by bipartisan legislation in March and an eviction ban for ...

Bloomberg LVMH’s customers are curbing purchases of high-end fashion faster than the company can cut costs, and that’s hitting the Louis Vuitton owner’s profit. The French luxury conglomerate’s profit from recurring operations totalled 1.67 billion euros ($1.96 billion) in the first half, less than the 2.32 billion euros analysts expected. The shares fell as much as 4% on Tuesday in ...

Bloomberg The administrators of South African Airways (SAA), the state-owned airline that’s in bankruptcy protection, want the government to set aside 16.4 billion rand ($998 million) that it’s guaranteed to pay creditors. The Treasury says the current structure of its guarantees should suffice. The administrators want an agreement for the money to be paid into an escrow account — the ...