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 ...

Bloomberg Germany expressed continued concern about US moves to tighten sanctions against Russia, while saying changes made in the bill passed by the House of Representatives on Tuesday are steps in the right direction. Germany is holding to its position that sanctions rules mustn’t be used as a tool to influence specific industries, Martin Schaefer, a Foreign Ministry spokesman, said ...