Bloomberg Household spending trends ahead of India’s main festive season are flashing warning signs of a widening chasm in demand recovery as inflation hovers around 7% and unemployment keeps on rising. Consumer-goods makers are reporting robust demand for items priced nearly $2,000 in a nation where per-capita income is just a tad above that level, while industry data on sales …

  Bloomberg Burberry Group Plc appointed former Bottega Veneta creative head Daniel Lee to succeed chief designer Riccardo Tisci, who is leaving the British fashion brand after five years. Tisci’s departure completes a changing of the guard atop the luxury retailer and comes less than a week after Chief Financial Officer Julie Brown announced she was leaving to join drugmaker …

  Bloomberg The onshore yuan falls to the weakest level against the dollar since the global financial crisis in 2008, amid an incessant advance in the greenback and speculation China is toning down its support for the local currency. The onshore yuan weakened to 7.2409 per dollar, a level unseen in 14 years, while the offshore unit slid to an …