Bloomberg Hermes International is set to join one of Europe’s main equity benchmarks, an inclusion that will further bolster the French luxury company’s visibility among investors. Hermes, the maker of Kelly and Birkin handbags will replace Universal Music Group NV in the Euro Stoxx 50, index operator Qontigo said in a statement. The change will be effective as of December ...

Bloomberg President Joe Biden said he anticipated a “long discussion” with Vladimir Putin over the threat of an invasion of Ukraine, and dismissed the Russian leader’s warning that deployment of Western weapons or troops represented a “red line.” “We’ve been aware of Russia’s actions for a long time and my expectation is we’re going to have a long discussion with ...

Bloomberg US President Joe Biden’s planned democracy summit next week will be a “joke” and the American political system doesn’t represent a real democracy, senior Chinese officials said. “Under the American democratic system, US politicians are the agents of interest groups, and don’t represent interests of majority voters nor national interest,” Tian Peiyan, deputy director of the Policy Research Office ...