The current frenzy around AI creates pressure to spend big now and justify later. For Japan, the long view is the right one, says Catherine Thorbecke for Bloomberg Opinion.
The Swiss luxury group behind Cartier and Van Cleef & Arpels outperformed rivals including LVMH and Kering as resilient demand for high-end jewellery helped offset weaker fashion sales and a tourism slowdown in the Middle East.
Brent crude dropped below US$97 a barrel after both sides said talks had made progress.
