LVMH backs down on renegotiating Tiffany deal, sources say

06/05/2020

NEW YORK (Reuters) – French luxury goods giant (LVMH.PA) is not asking to renegotiate its $16.2-billion acquisition of U.S. jewelry chain Tiffany & Co (TIF.N) after deliberating whether to do so, people familiar with the matter said on Friday. LVMH CEO Bernard Arnault had been […]

Global stocks and euro surge ahead of U.S. jobs data

06/05/2020

LONDON/SYDNEY (Reuters) – World stocks held their ground near three-month highs as the euro hit its highest level since March 10, thanks to Europe’s stimulus boost, fuelling hopes for a global rebound. Investors are pricing in an economic recovery despite data showing the severe damage […]

Australians urged to stay away from Black Lives Matter protest

06/05/2020

Thousands are expected at rallies that aim to highlight Australia’s own poor record on Indigenous deaths in custody. Australian Prime Minister Scott Morrison urged people not to attend Black Lives Matter protests that are expected to take place in major cities around the country this […]

Egypt's hotels win over domestic tourists with on-site clinics

06/04/2020

CAIRO (Reuters) – Hotels in Egypt have implemented government safety regulations which include having an on-site clinic with resident doctor, regular temperature checks of guests and a quarantine area, as they try to attract domestic tourists, hotel officials said. Egypt suspended international flights in March […]

Lebanon provides shelter for abandoned migrants as crisis deepens

06/04/2020

While the move was praised by activists, it has not stopped the flow of Ethiopian workers deposited outside consulate. Beirut, Lebanon – Dozens of Ethiopian domestic workers in Lebanon have found shelter after they were abandoned by their employers and many spent days outside the Ethiopian […]