LVMH Posts Biggest Quarterly Drop Since Dot-Com; UBS Sees Luxury Opportunity

Baltic States Warn Of Unfunded Debt Surge For Europe's Defense Splurge In a rare outbreak of sanity from the continent that perfected kicking the can, officials on NATO’s eastern front are openly admitting what Brussels and Frankfurt have spent years denying: you can’t fund a permanent war footing with infinite borrowing and hope the bond market never notices. Estonia’s outgoing ECB rate hawk Madis Muller dropped the red pill in parliament Thursday, bluntly telling lawmakers that jacking up budget deficits to pay for the defense surge is no long-term solution. “These...

French Municipal Elections Provide Early Test For Le Pen's National Rally Ahead Of 2027 Presidential Race Takeaways France held the first round of municipal elections on Sunday in nearly 35,000 municipalities, serving as an initial indicator of political momentum ahead of the 2027 presidential election. Marine Le Pen’s National Rally (RN) is seeking to expand its limited local presence, with ambitions focused on southern cities such as Perpignan, Marseille, Nice and Toulon. Pre-vote polls suggested competitive races in key targets, but full first-round results and projections are emerging gradually after polls closed, with...

A US official told Reuters on Wednesday that the US military launched another round of airstrikes in Iran, an attack that risks plunging the region back into full-scale war. Details of the attack are minimal, but it comes after Iranian media reported there were explosions near Bandar Abbas, an Iranian port city on the Strait […]