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Bloomberg LVMH countersued Tiffany & Co weeks after pulling out of its $16 billion purchase of the iconic New York-based jeweller, saying the decision was driven by the French government’s request to delay the deal’s closing and Tiffany’s mismanagement during the pandemic. The maker of Louis Vuitton bags contends Tiffany’s business was devastated by the coronavirus outbreak and that provides ...

Bloomberg Airbus SE is considering reduced working time in production areas in France over the next two years to help the European planemaker limit job losses prompted by a collapse in global air travel due to Covid-19. The move would help it preserve skills in order to restart single-aisle aircraft production at rates similar to last year between 2023 and ...

Bloomberg ANA Holdings tumbled as much as 8.5% in Tokyo trading on September 28, its biggest intraday drop since April 1, after a report the airline is considering raising $1.9 billion via a public share offering. The Japanese carrier is also planning to cut costs by selling aircraft and disposing of non-core businesses, Nikkei reported, without saying where it got ...

Bloomberg A bruising Senate confirmation fight over President Donald Trump’s Supreme Court choice may seal the fates of several incumbent senators in the November election, though it has yet to drastically alter the odds for which party will control the chamber. Trump’s decision to nominate Judge Amy Coney Barrett to the high court with just weeks to go before Election ...

Bloomberg Boris Johnson apologised after wrongly explaining his own government’s coronavirus restrictions, in a gaffe that will fuel growing criticism of his response to the pandemic. “Apologies, I misspoke today,” the UK Prime Minister said on Twitter. It was the third time in three hours that government spokespeople had failed to be clear on the new rules that are being ...

Bloomberg Ivory Coast should briefly postpone on October 31 elections to settle a dispute over the legal framework of the vote, including the legitimacy of the electoral commission and the voter roll, the International Crisis Group said. With supporters of the ruling party and the opposition heading for a confrontation, talks would “offer an opportunity to get out of the ...

Bloomberg The US asked Zimbabwe to help put down an insurgency in neighbouring Mozambique that’s destabilising a region rich in natural gas, people familiar with the matter said. The request came in a phone call between US Assistant Secretary for African Affairs Tibor Nagy and Zimbabwe Foreign Minister Sibusiso Moyo last week, the people said, asking not to be identified ...

Bloomberg Secretary of State Michael Pompeo said relations between the US and Greece are the closest they’ve ever been after meeting with Prime Minister Kyriakos Mitsotakis at his home on the island of Crete. “The relationship between our two countries is at an all-time high. It’s getting stronger,” Pompeo said at a press conference on Tuesday following further talks at ...

Bloomberg A majority of Hong Kong’s pro-democracy lawmakers plan to remain in office after China’s decision to extend their terms without a planned election. Sixteen of 23 sitting opposition lawmakers will keep their seats on Hong Kong’s 70-member Legislative Council, pan-democrat politicians said. The announcement came after a week-long survey of democracy supporters revealed a split among the opposition’s supporters ...

Bloomberg Emmanuel Macron met the leader of the opposition in Belarus and promised to help mediate an end to the country’s political crisis, as he seeks to persuade European Union chiefs he’s serious about confronting Russia. The meeting in Vilnius on Tuesday was the first between a leader of a Group of Seven nation and Sviatlana Tsikhanouskaya, who fled across ...