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Kering shares surge as Gucci sales rebound on new collection

  Bloomberg Kering SA shares rose the most since 2020 after sales at Gucci, the luxury group’s biggest brand, blew past pre-pandemic levels on demand for its latest collection. A 32% jump in comparable revenue at Gucci during the fourth quarter was almost twice the increase analysts expected. The stock rose as much as 7.9%. Kering’s results provide more evidence ...

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Ukraine, Russia-backed rebels accuse of ceasefire violations

  Bloomberg Ukraine and Russian-backed separatists blamed each other for what they said was shelling in violation of a ceasefire in the Donbas region. Both Kyiv and Moscow expressed concern about the apparent uptick in violence. No deaths were reported and there was no immediate confirmation of the allegations. It wasn’t clear how much of an escalation they may represent ...

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French forces leave Mali after nearly 10 years, with EU allies

  Bloomberg France and its allies agreed to withdraw their forces from Mali after relations with the West African nation’s government deteriorated following a military coup. French, European and Canadian troops are planning a “coordinated withdrawal” from the country given “multiple obstructions by Mali’s transitional authorities,” the office of French President Emmanuel Macron said in a statement. “We can’t remain ...

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