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China asks some lenders to cap interbank financing costs - sources
China asks some lenders to cap interbank financing costs - sources
SHANGHAI/BEIJING China's central bank asked some lenders to cap interest rates on an interbank debt instrument this month,
2023-11-17 16:23
Influencers come under fire after visit to Shein factory
Influencers come under fire after visit to Shein factory
Fast-fashion brand Shein has been accused of spreading "propaganda" after influencers were sent to China to walk around the company's factory to see how their clothes are manufactured. Shein invited influencers and Shein "ambassadors" to their "innovation" factory and warehouse – and many are criticising the influencers' posts about their trip. Many received backlash from viewers who say they were promoting propaganda about Shein's practices. One influencer known as Dani DMC said in an Instagram reel about the trip: "I was really impressed to see the working conditions [...] Shein is such a developed and complex company." Dani also claimed to have spoken to a worker who was "very surprised about all the rumours that had been spread in the US." Dani herself also said that the trip taught her to "think for herself" because "there's a narrative fed to us in the US." Another influencer AuJené, @itsjustajlove on Instagram, who was also invited on the trip, shared similar sentiments to Dani. In a reel that discussed her fourth day on the trip, she told viewers she had asked questions about child labour and said: "I found out there is an independent third party contractor that audits all of Shein's manufacturers they conduct over 2500 audits annually to make sure that they align with international laws when it comes to child labour and wages." "They work normal shift hours and are able to quit when they feel like it just like any other job," she added. "Seeing their authenticity even when the cameras were off was endearing to me and very important." Sign up to our free Indy100 weekly newsletter Many hit out at the influencers: @sipteawithmelissa Honestly couldn’t not comment on this today ??? #popculturecommentary #popculturenews #celebnewstiktok #celebnews #insidethesheinmachine #fastfashionsucks #fastfashionisntcute Others left comments under the influencer's posts showing their disappointment: "Sweatshops aside, do you know how detrimental this is for the environment?" replied one user. Another said: "There's no way you're actually promoting this shameful brand... so disappointed, unfollow." "The propaganda is disgusting and incredibly embarrassing... we see right through the bulls**t!!!" Commented another. Dani posted a response to the criticism she had received saying: "No amount of money or opportunity would ever allow me to go against my morals or integrity. I wish you could be here with me and see the faces behind this brand. This company is run by majority women who are so genuine, humble, & beyond passionate about what they do. I wish you could see everything I’ve been able to see behind the scenes and be apart of the conversations I’ve been a part of. "Shein has done WAY more than any other fashion brand I’ve ever worked with to show their dedication to being one of the good guys. "If you need to unfollow me and can’t trust me on this one I totally understand and I support you." The company has previously been criticised for its unsustainable practices and mass production of items. Synthetics Anonymous 2.0, a report published on fashion sustainability, claimed that the manufacturers' use of virgin pouter and large consumption of oil produces the same amount of CO2 as roughly 180 coal-fired power plants. A documentary from Channel 4 titled, Inside the Shein Machine, found that Shein employees were often working 75-hour shifts with little time off. The documentary had undercover cameras that filmed workers making hundreds of garments a day. In one factory, workers made a daily base salary of $20, if any garments had mistakes their pay was cut to $14. In response to the documentary the fast-fashion giant admitted to the safety breaches in a statement: "We know we have a responsibility to safeguard the welfare of workers in our supply chain. In light of the recent report in the news, we launched an investigation into the claim that 2 of our suppliers has unacceptable working conditions at their facilities." Indy100 have reached out to Shein, Dani, and AuJené for comment. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-06-24 19:45
CNN names media veteran Mark Thompson new CEO
CNN names media veteran Mark Thompson new CEO
CNN announced Wednesday that British media veteran Mark Thompson would assume the role of its next CEO, as the news outlet struggles...
2023-08-31 00:19
Exclusive-Intesa closer to gaining Moscow's OK for Russia asset transfer -source
Exclusive-Intesa closer to gaining Moscow's OK for Russia asset transfer -source
By Valentina Za MILAN Italy's biggest bank Intesa Sanpaolo is getting closer to securing approval from Moscow to
2023-08-10 15:55
In the Market: How to harness the benefits of corporate diversity
In the Market: How to harness the benefits of corporate diversity
By Paritosh Bansal In the early 2000s, Maryann Bruce and other senior women executives at Wachovia bank formed
2023-06-26 13:28
Biden, McCarthy Vow More Debt-Limit Talks as US Default Looms
Biden, McCarthy Vow More Debt-Limit Talks as US Default Looms
President Joe Biden and congressional Republicans made little tangible progress Tuesday toward averting a first-ever US default, but
2023-05-10 08:51
Canada's TD Bank's fourth-quarter profit falls on higher provisions
Canada's TD Bank's fourth-quarter profit falls on higher provisions
TD Bank Group reported a fall in its fourth-quarter profit on Thursday, as Canada's second-largest lender set aside
2023-11-30 19:50
Futures edge higher in early hours on debt talks optimism
Futures edge higher in early hours on debt talks optimism
U.S. stock index futures edged higher on Monday amid optimism that lawmakers will reach an agreement to raise
2023-05-15 17:55
Climate change likely to boost inflation, Bank of England's Mann says
Climate change likely to boost inflation, Bank of England's Mann says
By David Milliken LONDON Climate change and countries' different approaches to combat it are likely boost inflation and
2023-11-14 00:47
Change the Channel: Linear TV Viewership Dips Below 50% for First Time
Change the Channel: Linear TV Viewership Dips Below 50% for First Time
Years of the cord cutting that cable-TV executives used to insist wasn’t really happening have
2023-08-17 10:54
Thai exports drop less than expected in May, seen improving in second half
Thai exports drop less than expected in May, seen improving in second half
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand's exports contracted less than expected in May, as higher industrial goods
2023-06-27 14:26
Caregility Introduces New Integrations and Capabilities to Virtual Care Ecosystem that Streamline Clinical Workflows
Caregility Introduces New Integrations and Capabilities to Virtual Care Ecosystem that Streamline Clinical Workflows
EATONTOWN, N.J.--(BUSINESS WIRE)--Oct 30, 2023--
2023-10-30 20:15