Lawmakers press for more scrutiny over China's 'malign influence' at development bank
Lawmakers intent on reducing China’s influence on the U.S. economy are seeking to push the Treasury Department to reduce the scale of Beijing’s influence at the Inter-American Development Bank, which supports economic and social development in Latin America and Caribbean
2023-07-26 01:00
Mattel renews licensing deal with Warner Bros. Discovery
Toy maker Mattel is renewing its licensing deal with Warner Bros
2023-07-26 00:56
Bank of England forecasts 150 billion pound loss from QE gilt programme
By David Milliken LONDON The Bank of England forecast on Tuesday that it would make a net loss
2023-07-26 00:51
Moody's warns Israel faces 'significant risk' of political and social tensions that will harm its economy, security
The controversial overhaul of Israel's judicial system risks plunging the country into further turmoil that will hurt its economy and security, Moody's Investors Service warned on Tuesday.
2023-07-26 00:51
H&M sues fast fashion retailer Shein for copyright infringement
H&M has filed a lawsuit against infamous fast fashion retailer Shein for copyright infringement, according to court documents filed in Hong Kong. Hennes & Mauritz, the Swedish fashion brand more commonly known as H&M, has accused Zoetop Business Co – the Hong Kong-based entity that previously owned Shein – as well as Shein Group Ltd of copying its designs in the new lawsuit. H&M is seeking unspecified damages and an injunction to stop Shein from infringing on its copyright and trademarks. According to Bloomberg, the filing included photos of dozens of items – such as swimwear and sweaters – that H&M claimed was evidence Shein had stolen its designs. In a statement, an H&M spokesperson confirmed to Bloomberg it filed a lawsuit against Shein in Hong Kong, claiming the fast-fashion competitor “in multiple cases has infringed on our designs”. The next hearing is slated to take place July 31. More follows… Read More Fast fashion retailer Shein accused of racketeering and copyright infringement in lawsuit Chinese e-retailer Temu files lawsuit in US against rival Shein, alleging antitrust violations Italian designer launches scathing attack on Shein over ‘stolen ideas’: ‘Maybe I am the fool’
2023-07-26 00:46
UPS reaches tentative contract with 340,000 unionized workers potentially dodging calamitous strike
UPS has reached a contract agreement with its 340,000-person strong union Tuesday, averting a strike that had the potential to disrupt logistics nationwide for businesses and households alike
2023-07-26 00:29
Nigeria's suspended Central Bank governor appears in court more than a month after his arrest
Nigeria's suspended Central Bank governor has appeared in court in the economic hub of Lagoon on charges of illegal possession of a firearm and live ammunition
2023-07-26 00:26
Recall Alert: These Trader Joe’s Cookies May Contain Rocks
Here’s how to know whether to toss your Trader Joe’s cookies.
2023-07-26 00:25
UPS and Teamsters reach a labor deal, potentially avoiding a crippling strike
UPS and the Teamsters have reached a tentative deal on a new contract. That could potentially avoid a strike, which could have started as soon as next week and crippled US supply chains.
2023-07-25 23:56
US consumer confidence jumps to highest level since July 2021
High interest rates aren't souring Americans' moods: A key measurement of consumer confidence just shot up to a level not seen since July 2021.
2023-07-25 23:50
European Stocks on Longest Winning Streak Since Jan; Miners Jump
European shares rose for a sixth straight day, the longest streak since January, as miners rallied on China
2023-07-25 23:47
'Sound of Freedom' is a box office hit. It has an unusual ticket strategy
"Sound of Freedom," a movie about a US federal agent who quit his job to chase child sex traffickers, has become what is, by the numbers, a summer blockbuster, taking in around $125 million in theaters since its debut. But it's relying on an unusual strategy to boost ticket sales.
2023-07-25 23:25