Bloomberg Bernard Arnault, Europe’s richest man, got another boost as LVMH shares reached a record due to better-than-expected sales of Louis Vuitton handbags and leather goods. The Frenchman, whose fortune has increased by more than $19 billion in 2019, is rubbing shoulders with Bill Gates and Warren Buffett in the Bloomberg Billionaires Index, with a net worth of more than ...

Bloomberg Masayoshi Son will soon have some evidence to back his faith in ride-hailing: His stake in Uber Technologies Inc may be worth at least double the $7.7 billion he paid for it little more than a year ago. SoftBank Group Corp’s Vision Fund owns 16.3 percent of the world’s biggest ride-hailing company, according to Uber’s filing with the US ...

Bloomberg China has struck a deal with Malaysia to resume the East Coast Rail Link project at a smaller cost and scope. The project will now cost 44 billion ringgit ($10.7 billion) instead of the original 65.5 billion ringgit, according to a statement from the prime minister’s office. Premier Mahathir Mohamad revived talks on the rail link after cancelling it ...