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It was a match made on Fifth Ave.—Bernard Arnault and the president go back decades. Can the LVMH chief now leverage that bond to stay out of trade wars?

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The day after President Trump survived an assassination attempt in Pennsylvania last summer, he received a call from a familiar French voice. It was 

, owner of the globe-spanning luxury empire 

LVMH

Arnault wanted to check in on the man he had known for decades. Trump was also in the middle of a fierce presidential campaign, as well as several criminal proceedings.

The French Billionaire Working His Trump Ties to Spare His Luxury Empire

It was a match made on Fifth Ave.—Bernard Arnault and the president go back decades. Can the LVMH chief now leverage that bond to fend off tariffs?

Nick Kostov

Stacy Meichtry

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Private markets ‘will be high on the agenda for a long time’, says top Bank of England official

Government praised CMA chair for ‘dedication to public service’ hours after ousting him

FCA reviewing eight banks in client trading probe

Brooks Macdonald poaches from Vanguard and GAM for top team

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Neil Cowell and Debbie Dalzell to join new-look leadership group

A private equity firm says its co-founder has left. The co-founder disagrees.

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Stanley Capital’s Companies House account shows a termination of appointment of Cottle as a member

Skadden’s European head of secondaries exits for Proskauer Rose 

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US law firm’s European secondaries head departs after a year

Risk-averse leadership is holding back Europe’s largest economy, say historians and economists.

Why Germany’s Confidence Is Shattered and Its Economy Is Kaput

In an interview with The Wall Street Journal, Brian Niccol outlines strategies to improve ordering, fix cafe vibes and boost the coffee chain’s business.

Smaller Menus, Better Vibes: How Starbucks’s CEO Is Shaking Up the Brand

Consumers were slightly less gloomy this month about expectations for their personal finances, although the outlook for the economy continued to be a source of pessimism.

U.K. Consumers Feel Small Boost From BOE Rate Cut, Survey Suggests

Turmoil at the agency could harm not only consumers but also small state-chartered banks, as their bigger rivals gain advantage from lax CFPB supervision, 23 state attorneys general say in court filing.

Funding Cuts at CFPB Seen Leading to ‘Regulatory Vacuum’ for Big Banks

Comment came after Zelensky said Trump was repeating Russia disinformation.

By James Marson, Jane Lytvynenko and Meridith McGraw

Trump Calls Zelensky Dictator in Escalating Row Over Ukraine Peace Talks

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