Bloomberg Alessandro Michele, the creative director who turned Gucci into a hit brand with younger generations, is leaving the Italian label. Kering SA, which owns the brand, announced Michele is stepping down in a statement. Gucci’s design office will oversee the label’s direction until a new creative organisation is announced, the company said. Michele, 49, helped turn the Florence, ...

Bloomberg Anwar Ibrahim, the almost man of Malaysian politics, finally clinched the country’s premiership after decades of waiting. Now, the reformist leader must make sure that he keeps the job. That won’t be easy in a nation that’s now had four prime ministers in four years. Former finance chief Anwar is likely to control an unstable majority and his administration ...

  Bloomberg The government in Warsaw asked Germany to send Patriot missiles to western Ukraine instead of Poland after another series of Russian attacks forced emergency blackouts amid below-zero temperatures. Germany made the offer to station surface-to-air Patriots in Poland less than a week after a missile strike killed two people in a village close to the border with Ukraine, ...

  Bloomberg The Estonian government plans to remove and demolish 244 Soviet monuments, which many people find offensive because they represent the Baltic nation’s decades-long occupation. A government committee formed in June, reviewed and decided the fate of 322 monuments, the majority of these being World War II memorials that will be destroyed and graves that will be re-interred at ...

Bloomberg Desperate to rescue their sons and husbands from the front lines in Ukraine, Russian women are putting pressure on the Kremlin in the latest sign of the spreading discontent caused by the war. The scattered efforts by wives and mothers took off after Vladimir Putin ordered 300,000 reservists called up on Sept. 21, forcing the authorities to pay attention. ...

Bloomberg Prime Minister Shehbaz Sharif named General Asim Munir as Pakistan’s next army chief, a choice that could harden former premier Imran Khan’s opposition to the government and stoke his high-stakes clash with the military. Khan, who as prime minister had removed Munir from the role of intelligence chief, would see the appointment as a possible obstacle to his attempt ...

  Bloomberg Estonia’s government is racing to identify facilities as bomb shelters amid growing fear of a possible attack from Russia. Authorities are sifting through public buildings, schools and shopping centers in search of spaces that could provide protection. Since June, dozens of colorful signs — blue triangles on an orange background — have popped up to mark public shelters. ...

  Bloomberg China’s mega banks, led by Industrial & Commercial Bank of China Ltd., (ICBC) pledged financing support of at least 925 billion yuan ($129 billion) to property developers as part of a push to ease turmoil in the nation’s real estate market. ICBC, the world’s largest bank by assets, on Thursday said it would provide 655 billion yuan in ...

  Bloomberg UBS Group AG has seen significant inflows into its Asia Pacific wealth management over the past three months from clients fleeing Credit Suisse Group AG, as its smaller Swiss rival struggles with a crisis of confidence. Hundreds of wealthy customers have sought to place their funds with UBS in the key growth region, and the bank is planning ...

Bloomberg Bank of Korea (BOK) Governor Rhee Chang-yong signalled the end may be near for the country’s unprecedented streak of policy tightening to curb inflation, returning to a smaller interest-rate hike as concerns grow over economic growth and credit markets. “I am aware that the pain among economic players is deepening as rates rise and the economy weakens,” Rhee said ...