Bloomberg Shares of jewellers climbed in India after the government withdrew an order that brought the industry under anti money-laundering legislation, a move that comes just as gold buying improves before the Hindu festival of Diwali, the peak season for demand. Jewellers were included in the Prevention of Money-Laundering Act in August, increasing compliance requirements. Buyers have been shying away ...

Bloomberg Consumption was India’s big story. Its 1.3 billion population was expected to guzzle everything from iron to iPhones, driving global growth and cheering investors such as Apple Inc. and Goldman Sachs Group Inc. For a while everything seemed smooth. Indians were the world’s most confident consumers and the $2 trillion economy was the fastest-growing big market. Then, last November, ...

Bloomberg ­­­­­­­­­­­­­­­ Christmas shopping may get more hectic and crops might go unharvested unless the UK government ensures access to unskilled migrant labour after the UK leaves the European Union, the British Retail Consortium (BRC) warned. The government must make it easy for workers from the EU currently living in the UK to secure settled status and establish an immigration ...