PARIS (Reuters) – LVMH Chairman and CEO Bernard Arnault’s five children are increasingly stepping into the spotlight as they move up the ranks of the luxury empire. All five of the Arnault children hold key management roles at brands in the company. DELPHINE ARNAULT, 48, became chairman and ceo of fashion label Christian Dior Couture…
By Patricia Zengerle WASHINGTON (Reuters) – The top Republican on the U.S. Senate Foreign Relations Committee said on Wednesday he was blocking a $735 million arms sale to Hungary because its government has refused to approve Sweden’s bid to join NATO. “Given promises that were made to me and others last year that this vote…
By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration (FAA) said on Wednesday it is requiring that new passenger airplanes have a secondary barrier to the flight deck to prevent intrusions. The final rule, which was first proposed in July, requires aircraft manufacturers to install a second physical barrier on planes used in commercial passenger…
By Stephanie van den Berg THE HAGUE (Reuters) – A lawyer for Russia on Wednesday dismissed Ukraine’s account of the downing of Malaysian Airlines Flight MH17 in World Court hearings earlier this week as “fiction”. Ukraine accuses Russia before the U.N.’s top court of violating a U.N. anti-terrorism treaty by equipping and funding pro-Russian forces,…
MILAN (Reuters) – The body of former Italian Prime Minister Silvio Berlusconi will be cremated and his ashes taken to the family mausoleum in the grounds of his villa in the northern town of Arcore, a source close to the family told Reuters. After a state funeral on Wednesday, the coffin will be returned to…
NEW YORK (Reuters) – The U.S. economy should avoid a recession this year while inflation will fall closer to target, implying “a positive outlook for capital flows to emerging markets,” a global banking trade group said in a Wednesday report. Latin America as a whole is expected to be among foreign money’s favorite destinations among…
ZURICH (Reuters) – Switzerland’s parliament announced on Wednesday the 14 members of a special commission that will look into Credit Suisse’s collapse and its subsequent rescue engineered by Swiss authorities. The appointments, decided by the offices of the Swiss lower and upper houses of parliament, marked one of the final steps needed for the panel…
(Refiles with correct dateline spelling) By Vitalii Hnidyi STOROZHEVE, Ukraine (Reuters) -The road into the newly liberated Ukrainian village of Storozheve is lined with the corpses of Russian soldiers and burnt-out armoured vehicles. The grisly scenes bear witness to the ferocity of fighting as Ukrainian troops recaptured Storozheve and several other villages in the past…
By Sam Tobin LONDON (Reuters) -The billionaire co-chairman and CEO of Chinese developer Guangzhou R&F Properties Co Ltd on Wednesday agreed to be extradited from London to the United States, where he is facing bribery charges. Zhang Li, who co-founded Hong Kong-listed R&F, is wanted on a provisional warrant issued in the Northern District of…
LONDON (Reuters) -British police were questioning a man on suspicion of murder on Wednesday as they sought the motive for a stabbing and van attack in the central English city of Nottingham which left three people dead and another in a critical condition. Two 19-year-olds, a man and a woman who were university students, were…
