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 With expectations low heading into the first face-to-face summit between Joe Biden and Xi Jinping, they appeared to accomplish as much as politically possible: An agreement to keep on talking, without letting tensions over Taiwan and other disputes derail the US-China relationship. The virtual meeting lasted longer than expected, running for more than three hours as the leaders covered ...

Bloomberg China urged Germany’s next government to continue outgoing Chancellor Angela Merkel’s legacy to ensure the two countries work closely together, as prospective coalition partners in Berlin favor a tougher line towards the Asian giant. Zhang Ming, China’s ambassador to the European Union (EU), noted during a European Policy Center event on Tuesday that next year will mark the 50th ...

Bloomberg At least one person died when two explosions hit the Ugandan capital, the fourth blast in Kampala in the past month. The blasts occurred outside an office of insurer Jubilee Holdings Ltd and near the city’s central police station, the Daily Monitor reported, citing eyewitnesses. Images posted on the newspaper’s Twitter handle showed cars on fire outside the Jubilee ...

Bloomberg Poland used water cannon and tear gas to stop Belarus-backed migrants from crossing the European Union’s eastern frontier a day after the bloc approved new tools to punish those escalating the crisis. Under the threat of new sanctions and facing accusations of mounting a “hybrid attack” on the EU by ushering travellers to the border, Belarusian President Alexander Lukashenko ...

Bloomberg Boris Johnson said it would be “perfectly legitimate” for the UK to suspend part of the Brexit deal with the European Union (EU), though his government still wants to negotiate a solution to their escalating trade spat. The UK is demanding a major overhaul of the divorce agreement it signed with the bloc, arguing that its implementation is causing ...

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 ...

Bloomberg Australia’s central bank chief Philip Lowe opened the door to an interest-rate increase before 2024 as policy makers acknowledged quicker consumer-price gains last quarter had altered the inflation picture. Lowe said in a speech Tuesday that a rate hike in 2024 was “still plausible,” while adding that a quicker return to the bank’s inflation target could make the case ...

Bloomberg Bank of England (BOE) policy maker Jonathan Haskel injected a note of caution into the debate about whether to raise interest rates in the UK. Speaking at a Resolution Foundation event, Haskel said the economy was “firing on two cylinders” and that it’s “too early to declare success” in getting those on furlough back into work. While Haskel said he ...