Bloomberg Kering SA named Matthieu Blazy to be the new creative director of Bottega Veneta, the Italian brand known for its woven leather bags. Blazy will assume the role immediately, Kering said in the statement. He previously had taken over as ready-to-wear design director for Bottega Veneta last year, and is scheduled to present his first collection for the brand …

Bloomberg Hong Kong banks have to renegotiate HK$1.6 trillion ($205 billion) in contracts linked to the London interbank offered rate (Libor) before the benchmark ceases as corporate customers have been slow in transitioning to alternatives, the city’s de-facto central bank said. At the end of September, Hong Kong lenders had HK$4.3 trillion of assets, HK$1.2 trillion of liabilities and HK$34.9 …

Bloomberg Bank of England (BOE) Governor Andrew Bailey told UK lawmakers he is “very uneasy about the inflation situation” amid mounting evidence that a shortage of workers will drive up wages. Bailey told the House of Commons Treasury Committee that the labour market is looking “tight” but that he wanted to see what happened after the furlough program ended before voting …