Bloomberg Tiffany & Co. sees an expanded sales floor and more VIP space replacing administrative offices at the company’s 10-floor “precious property” on New York’s Fifth Avenue. Chief Executive Officer Alessandro Bogliolo shared more details on the store’s renovation in an interview. With a sizable percentage of sales coming from the property, the company sees the project as key to ...

Bloomberg India’s Supreme Court is set to hear a challenge to the arrest and detention of activists and lawyers in a nation-wide operation that human rights groups say is aimed at intimidating critics of the government. Those arrested work with India’s marginalised tribal and lower caste communities and activists said they’d been rounded up for criticising the government. In a ...

Bloomberg Prime Minister Shinzo Abe is pledging to move quickly towards changing Japan’s constitution, according to an internal campaign pamphlet seen by Bloomberg News, ensuring the divisive proposal is a key part of his bid for a historic third straight term as ruling party leader. Abe intends to have the Liberal Democratic Party submit the amendment in the next parliament ...

Bloomberg The UK and the European Union still say in public they want a Brexit deal wrapped up in the next seven weeks. Behind the scenes, though, senior officials on both sides admit this is unlikely. They now aim to finalise divorce terms by the middle of November at the latest, according to people familiar with the British and European ...

Bloomberg French President Emmanuel Macron joined a challenge issued by Hungarian Prime Minister Viktor Orban, saying that Europe’s populist forces were right to see him as their “main opponent.” Macron was speaking after Orban and Italy’s Matteo Salvini met in Milan to discuss creating a united front of Europe’s anti-immigrant political forces ahead of elections to the European Parliament next ...

Bloomberg The US doesn’t plan to suspend more joint military drills with South Korean forces, Defense Secretary Jim Mattis said, amid reports that North Korea was rejecting American demands for Kim Jong-un to give up his nuclear warheads. “We have no plans at this time to suspend any more exercises,” Mattis told reporters at the Pentagon, adding that the Defense ...

Bloomberg Toyota Motor Corp. is aiming to triple car production in China by as soon as 2030 in a renewed push to make up lost ground in the world’s biggest market, according to people familiar with the plan. Asia’s largest automaker is targeting to manufacture 3.5 million vehicles annually in China around that year while boosting imports to the country ...

Bloomberg NIO Inc., the Chinese electric-car maker backed by Tencent Holdings Ltd., is planning a US initial public offering that would give it a valuation topping $8 billion as it gears up to take on the likes of Tesla Inc. The company is aiming to raise as much as $1.3 billion, offering 160 million American depositary shares at $6.25 to ...

Bloomberg Jerome Powell’s upcoming Asia visit will test the Federal Reserve chief’s appetite for risk on a far different scale to the US economy. As Indonesia prepares to host the International Monetary Fund and World Bank Group annual meeting on the island of Bali in October, authorities are planning for all sorts of potential natural disasters from earthquakes to tsunamis, ...

Bloomberg China’s ride-hailing giant Didi Chuxing issued a public letter of apology and said it would prioritise safety over growth after a second passenger in three months was allegedly murdered by a driver while using its services. “Today, Didi will stop using scale and growth as our measurement of success,” the company said in a statement from Chairman Cheng Wei ...