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Bloomberg LVMH, the French owner of Louis Vuitton, is exploring a takeover of Tiffany & Co to expand in the US jewelry market, according to people familiar with the matter. The luxury group is holding talks with Tiffany, though there’s no guarantee an agreement will be reached, said the people, who asked not to be identified because discussions are private. ...

Bloomberg Space Exploration Technologies Corp’s second-highest ranking executive said the rocket maker has big advantages over other companies racing to build constellations of internet-providing satellites, including Jeff Bezos’s Amazon.com Inc. SpaceX will in the coming weeks launch its next batch of 60 satellites for its Starlink broadband service, Gwynne Shotwell, the closely held company’s president and chief operating officer said. ...

Bloomberg President Donald Trump said Abu Bakr al-Baghdadi is dead after a US military raid in northwest Syria that left the IS leader “in utter fear, in total panic and dread” in his final moments. The president said other countries should now fight IS. “The United States brought the world’s number one terrorist to justice,” Trump said on Sunday in ...

Bloomberg More than 170 people were arrested in Ethiopia after days of protests that resulted in 67 deaths, according to Amnesty International. Houses were looted and burned in the towns of Dire Dawa and Adama, in the Oromia region, the Ethiopian News Agency reported, citing the respective city administrations. More arrests are expected as investigations continue. Ethiopian Prime Minister Abiy ...

Bloomberg The US wants South Korea to reconsider its decision to exit its military pact with Japan, the Nikkei newspaper reported on Sunday, citing comments by David Stilwell, assistant secretary of state for East Asian and Pacific affairs. The General Security of Military Information Agreement is set to expire on November 22, and Japan and the US want the pact ...

Bloomberg The New York City lawmaker whose district includes much of Manhattan and Trump Tower has the inside track to take over a key congressional watchdog committee with a leading role in the impeachment inquiry against President Donald Trump, according to multiple House Democratic officials. Representative Carolyn Maloney, 73, has already taken over the Committee on Oversight and Reform on ...

Bloomberg Boris Johnson accused members of parliament of holding the UK “hostage” ahead of a vote on Monday on an early general election. The prime minister looks set to lose his bid for a snap poll on December 12, after opposition Labour Party leader Jeremy Corbyn reiterated he’ll only support it if the risk of a no-deal Brexit is removed. ...

Bloomberg Belgium is getting its first female prime minister. Budget and Civil Service Minister Sophie Wilmes will succeed Charles Michel, who has served in an acting capacity since an inconclusive election in May. He’s taking office as president of the European Council, which involves chairing meetings of European Union leaders, on December 1. According to Belga news agency, Wilmes, 44, ...

Bloomberg China failed to reach an agreement with other countries on furthering the work of a three-year-old forum designed to resolve the global steel industry’s overcapacity. While a majority of members wanted to extend the forum beyond next month, China said that the organization has achieved its goal and should expire, Japan’s Industry Minister Hiroshi Kajiyama, who chairs the meeting ...

Bloomberg India’s sputtering economy is turning the energy-hungry nation into an unlikely source of diesel exports. The industrial fuel is the lifeblood of Indian manufacturing, transport and agriculture, making it the country’s most-consumed petroleum product. But five straight quarters of slowing growth is taking an increasing toll on demand, resulting in diesel consumption slumping to the lowest since the start ...