Bloomberg LVMH said revenue for the last quarter dropped 10% to 20%, compared with the same period last year, as its luxury brands temporarily closed stores and shoppers tightened their wallets due to the coronavirus pandemic. The French luxury-goods maker will disclose first-quarter results on April 16. The company said the outbreak’s full impact “cannot be accurately calculated at this ...

Felecia Rotellini’s father, who is 104, was incensed when his family took away his car keys two years ago. He was born in a Wyoming company town that no longer exists because the coal company that owned the town is long gone. The town of Cambria, and elsewhere in Wyoming, had many coal-mining immigrants from Italy, including some relatives of ...

First it was the Olympics, and now this! Apple Inc might delay the release of its upcoming 5G iPhone by several months because of the Covid-19 pandemic, Nikkei reported. To be frank, I don’t think such a decision has yet been made and we still have another month or two before Apple has to finalise a schedule. Apple itself declined ...

Measures to contain the spread of Covid-19 are upending every corner of economic life, bringing entire industries to a standstill across the world. What happens in the broader economy has a massive impact on the banks that oil its wheels; and financial regulators have — rightly — responded swiftly. The supervisors should ponder their next moves carefully, however. It is ...

The Covid-19 epidemic has forced the euro zone’s finance ministers to think of innovative ways to combat an inevitable recession. They met to discuss how to use the European Stability Mechanism (ESM), the single-currency area’s rescue fund, to help countries fund a large-scale fiscal stimulus. Yet this debate appears largely irrelevant, at least for the moment. The European Central Bank ...

Atlanta’s Hartsfield-Jackson International, the world’s busiest airport, has turned a runway into a parking lot for grounded aircraft; about 80% of Frankfurt airport workers have had their working hours cut and many now won’t go to work at all; Manchester has closed two of its three terminals and short-hop specialist London City Airport is suspending all flights until the end ...

If the world were ending, I’m convinced that all that would be left are cockroaches and the cable giants. Things aren’t quite that bad, but they aren’t good either. And yet, as the coronavirus pandemic sends the US into a recession, Brian Roberts may have reason to be among the least worried from his perch at Comcast Corp, the Roberts’s ...

Work-from-home neophytes are providing some much needed moments of levity right now. The Italian priest livestreaming mass with cat’s ears and whiskers accidentally superimposed on his head. The woman who failed to switch her camera off when she took a bathroom break during a conference call. Children and pets generally making a nuisance of themselves. Even if staged, they warrant ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, spoke over the phone with Indonesian President Joko Widodo and discussed the latest regional and global developments as well as bilateral and multilateral efforts being taken to contain the impact of coronavirus pandemic. His ...

Bloomberg President Donald Trump signed the largest stimulus package in US history, a $2 trillion bill intended to rescue the coronavirus-battered economy. “This will deliver urgently needed relief,” Trump told reporters at the White House, as he was joined by GOP leaders but no Democrats. “We’re going to keep our small businesses strong and our big businesses strong.” The hard-won ...