Bloomberg Not since 1998 has Russia’s central bank booked a loss, but that may be about to change. The bottomline will suffer because the Bank of Russia is becoming a net borrower from lenders for the first time since 2011 as deficit spending by the government sends rubles cascading through the system, according to VTB Capital and Renaissance Capital. …

  RELAXNEWS Men’s fashion week in New York kicked off its third season this week with a presentation by Perry Ellis, whose athletic, casual take is expected to mark a number of spring-summer 2017 collections. Dozens of designers from Michael Kors to Tommy Hilfiger presented creations over the course of around 60 catwalk shows and presentations, which conjured a minimalist, …

  AFP The British Fashion Council (BFC) has unveiled three new non-executive directors to its board. British GQ Editor and London Fashion Week Men’s Chairman Dylan Jones, Founder and CEO of Farfetch José Neves and CEO of the Guardian Media Group David Pemsel have all been welcomed to the council’s board. They join existing board members Chairman Dame Natalie Massenet, …