After the assassination of its president, Haiti is once again in danger of spiraling into political chaos. The country’s chronic dysfunction is both a result and a cause of its chronic poverty. What it needs is to focus on economic growth — and to do that, Haiti should copy its more successful neighbors like Jamaica and the Dominican Republic. Right ...

Bloomberg The successor to bankrupt Italian flag-carrier Alitalia SpA faces an uphill battle to establish itself after low-cost rivals took advantage of the pandemic and a long restructuring process to grab chunks of its home market. Italia Trasporto Aereo SpA, known as ITA, plans to start services on October 15, after months of talks with European Commission officials over terms ...

Bloomberg The UK government abruptly reimposed quarantine rules on travellers returning to England from France days before it was due to ease the restrictions for most of Europe, drawing immediate anger from tourism bodies and airlines. Citing concern about the spread of the beta variant of the virus, UK ordered that anyone arriving after Monday from across the Channel will ...

Bloomberg Shoppers rushing back to stores after the lifting of lockdowns boosted European brands selling everything from watches to sneakers to handbags. Richemont, the owner of Cartier and Van Cleef & Arpels, reported a more than doubling in first-quarter revenue, while sales at Burberry Group Plc topped estimates. The results show consumers are hungry for luxury goods as they emerge ...

Bloomberg L Catterton, the private equity firm backed by luxury French fashion house LVMH, agreed to buy a 60% stake in Italian fashion company Etro SpA, Sole 24 Ore reported on its website, without citing anyone. The deal values Etro at about 500 million euros ($590 million), the newspaper reported. Etro, which had hired Rothschild as an adviser, had been ...

Bloomberg Amazon.com Inc was sued by the US Consumer Product Safety Commission (CPSC ), which is seeking an order determining that the largest online retailer is legally responsible for defective products sold in its sprawling third-party marketplace. The complaint filed says Amazon sold children’s sleepwear that failed to meet federal standards for flammability; some 24,000 carbon monoxide detectors that failed ...

Bloomberg Asian air travel may take another three years to recover fully from the devastation wrought by the pandemic, lagging behind rebounds in other regions and offering a stern headwind for refiners making jet fuel. It’ll take until 2024 for international air travel across the region to reach pre-virus levels, a year after global traffic hits that milestone, according to ...

Bloomberg A second Chinese spy vessel is on track to enter waters off Australia’s northeast coast, adding to Beijing’s surveillance presence in the area as joint military exercises between Australia and the US kicked off last week, the Australian Broadcasting Corp (ABC) reported. Approaching Australia through the Solomon Sea around Papua New Guinea, the vessel joins a larger Chinese auxiliary ...

Bloomberg Diplomats around the world are urging the designated prime minister of Haiti to form a new government, a rebuff of the current interim prime minister who stepped in after the assassination of President Jovenel Moise. Claude Joseph has been running the country as the interim prime minister with the support of the military even after Moise named Ariel Henry ...

Bloomberg Thai riot police shot tear gas and fired water cannons at pro-democracy activists rallying in the capital as thousands marched to protest the government’s management of the nation’s worst coronavirus outbreak. Demonstrators in face masks marched near government house in central Bangkok, despite restrictions on public gatherings of more than five people amid record daily infections. They demanded Prime ...