3 h. ago Shein’s U.S. operations under review as London IPO faces tariff pressure

Shein’s U.S. operations under review as London IPO faces tariff pressure  FashionNetwork USA

Economics

8 h. ago Shein weighs US restructuring as tariff risks cloud London IPO, FT reports By Reuters

Shein weighs US restructuring as tariff risks cloud London IPO, FT reports By Reuters  Investing.com

Economics

8 h. ago Shein weighs US restructuring as tariff risks cloud London IPO, FT reports

Shein weighs US restructuring as tariff risks cloud London IPO, FT reports  Reuters

Economics

9 h. ago Shein explores US restructuring as tariffs threaten to derail London IPO

Fast-fashion company searches for workarounds as Trump’s trade war endangers operations in its most important market

Economics

2 w. ago ‘West as we knew it no longer exists,’ warns Von der Leyen – Europe live

Wide-ranging interview addresses how Trump presidency has upended certainties over EU-US relationsUkraine’s parliament voted to extend martial law until 6 August, a senior lawmaker said, as Russia’s full-scale invasion of the country continues.Reuters reported that an overwhelming majority of 357 deputies supported the extension, which allows the country to continue mobilizing troops and suspends the election cycle. Continue reading...

Events

2 w. ago EU foreign ministers meet in wake of deadly Russian attack on Sumy as Zelenskyy issues plea for Trump to visit Ukraine – Europe live

EU foreign ministers meet in Luxembourg after Russian attack kills at least 34 in SumyThe Ukrainian air force said on Monday that Russia launched 62 drones to attack the country overnight, Reuters reported.Separately, regional officials said overnight attacks by Russia sparked a fire at a petrol station in Zaporizhzhia, injured at least eight people and damaged houses across the southeastern part of Ukraine. Continue reading...

Politics

2 w. ago Helicopter in fatal New York crash lacked flight recorders, officials say

Aircraft crash that killed all six people on board was on its eighth tour flight of the day, federal investigators sayThe helicopter that crashed into New York City’s Hudson River on Thursday – killing all six on board, including three children – lacked flight recorders, said the US’s National Transportation Safety Board (NTSB).It was also on its eighth tour flight of the day, having already completed seven, according to federal investigators.Reuters contributed reporting Continue reading...

Events

2 w. ago White House says there is ‘great optimism’ in the economy despite ongoing market volatility – business live

Markets pick up slightly after earlier falls amid increasing fears of recession while White House insists Trump’s tariffs are ‘proven economic formula’US stocks fall again after rally following Trump’s shock retreat on tariffsWhat are bonds and why have they spooked Donald Trump?The US dollar slumped on Friday as waning confidence in the US economy prompted investors to ditch US assets to the benefit of safe havens like the Swiss franc, yen and euro, as well as gold.The yellow metal recorded a new all-time peak in early Asia trade, and the franc notched a fresh decade high, Reuters reports.There has been a pronounced ‘sell US’ vibe flowing through broad markets and into the classic safe-haven assets, with the USD losing the safe-haven bid. Continue reading...

Economics

2 w. ago Shein closer to London IPO after securing watchdog’s approval, reports say

The company has been in talks over an initial public offering (IPO) on the London Stock Exchange over the past year.

Politics

2 w. ago Shein gains UK approval for London IPO, awaits China nod: sources

Shein gains UK approval for London IPO, awaits China nod: sources  Yahoo Finance

Economics

2 w. ago Trump administration ordered to help return man wrongly deported to El Salvador – US politics live

Supreme court upholds earlier order that Kilmar Abrego Garcia should be released after being improperly sent to prisonChinese foreign minister Wang Yi said on Friday that “the US cannot act recklessly, and the wheel of history cannot go backwards,” referring to US tariffs on China.Reuters reports that Wang made the remarks in a meeting with the International Atomic Energy Agency’s director general Rafael Mariano Grossi in Beijing. Continue reading...

Politics

2 w. ago China raises tariffs on US goods from 84% to 125%, finance ministry says – business live

China’s finance ministry said it will resolutely take countermeasures against Trump tariffs and fight to the endUS stocks fall again after rally following Trump’s shock retreat on tariffsLife in Shanghai, China’s commercial capital, goes on but anti-US sentiment is hardeningThe US dollar slumped on Friday as waning confidence in the US economy prompted investors to ditch US assets to the benefit of safe havens like the Swiss franc, yen and euro, as well as gold.The yellow metal recorded a new all-time peak in early Asia trade, and the franc notched a fresh decade high, Reuters reports.There has been a pronounced ‘sell US’ vibe flowing through broad markets and into the classic safe-haven assets, with the USD losing the safe-haven bid. Continue reading...

Economics

2 w. ago FTSE 100 opens higher as Macron warns Trump tariff suspension only a ‘fragile pause’ – business live

European markets open following a mixed picture across Asia with the Nikkei showing another fallUS stocks fall again after rally following Trump’s shock retreat on tariffsLife in Shanghai, China’s commercial capital, goes on but anti-US sentiment is hardeningThe US dollar slumped on Friday as waning confidence in the US economy prompted investors to ditch US assets to the benefit of safe havens like the Swiss franc, yen and euro, as well as gold.The yellow metal recorded a new all-time peak in early Asia trade, and the franc notched a fresh decade high, Reuters reports.There has been a pronounced ‘sell US’ vibe flowing through broad markets and into the classic safe-haven assets, with the USD losing the safe-haven bid. Continue reading...

Events

2 w. ago Exclusive: Shein gains UK approval for London IPO, awaits China nod, sources say

Exclusive: Shein gains UK approval for London IPO, awaits China nod, sources say  Reuters

Economics

2 w. ago Trump tariff suspension only a ‘fragile pause’, says Macron, as gold soars amid market jitters – business live

Nikkei plunges 5.4% but other Asian markets see mixed results as some reverse many of historic rally’s gains after US president’s tariffs reprieveUS stocks fall again after rally following Trump’s shock retreat on tariffsLife in Shanghai, China’s commercial capital, goes on but anti-US sentiment is hardeningThe US dollar slumped on Friday as waning confidence in the US economy prompted investors to ditch US assets to the benefit of safe havens like the Swiss franc, yen and euro, as well as gold.The yellow metal recorded a new all-time peak in early Asia trade, and the franc notched a fresh decade high, Reuters reports.There has been a pronounced ‘sell US’ vibe flowing through broad markets and into the classic safe-haven assets, with the USD losing the safe-haven bid. Continue reading...

Economics

2 w. ago Asian markets sink as Trump admits ‘transition cost’ of tariffs – business live

Nikkei plunges 5.4% and other Asian markets reverse many of Thursday’s gains after historic rally following US president’s tariffs reprieveUS stocks fall again after rally following Trump’s shock retreat on tariffsThe US dollar slumped on Friday as waning confidence in the US economy prompted investors to ditch US assets to the benefit of safe havens like the Swiss franc, yen and euro, as well as gold.The yellow metal recorded a new all-time peak in early Asia trade, and the franc notched a fresh decade high, Reuters reports.There has been a pronounced ‘sell US’ vibe flowing through broad markets and into the classic safe-haven assets, with the USD losing the safe-haven bid. Continue reading...

Economics

3 w. ago Trump officials to appeal court ruling lifting White House ban on Associated Press – US politics live

Court filing reported by Reuters shows White House appealing against judge’s order to restore full access to the AP China’s move to impose 84% retaliatory tariffs against the United States is unfortunate and a losing proposition for Beijing, the US treasury secretary, Scott Bessent, said on Wednesday, as he urged China to “come to the table” with the Trump administration.“I think it’s unfortunate that the Chinese actually don’t want to come and negotiate, because they are the worst offenders in the international trading system,” Bessent said in an interview with Fox Business Network.I can tell you that this escalation is a loser for them, that they have some very smart the economist and the academicians, technocrats within their bureaucracy, and they would be telling the leadership that we do not have the edge here. They are the surplus country that their exports to the US are five times our exports to China. So they can raise their tariffs. But so what?No one wins in a war. But it’...

Politics

3 w. ago Nikkei plunges as Asian markets brace for further tariff fallout; Trump says ‘sometimes you have to take medicine’ – business live

Japan’s stock index plummets almost 9% on Trump tariff concerns after almost $5tn was wiped off the value of global stock markets last weekUS Treasury yields fell on Monday and the two-year yield sank to a multi-year low as worries of a possible recession in the world’s largest economy grew and investors wagered that could see US rates cut as early as May.The two-year US Treasury yield, which typically reflects near-term rate expectations, tumbled more than 20 basis points to its lowest level since September 2022 at 3.4350%, as investors ramped up bets of more aggressive Federal Reserve easing this year, Reuters reports. Continue reading...

Economics

3 w. ago Jaguar Land Rover pauses shipments to US as Trump says impact of tariffs ‘won’t be easy’ – live

Trump’s baseline 10% tariff on all imports from many countries has begun, with higher levies on 57 trading partners to start next weekAmerica’s Brexit? Trump’s historic gamble on tariffs has been decades in the makingIsraeli prime minister Benjamin Netanyahu is expected to visit the White House on Monday to discuss recently announced tariffs with US president Donald Trump, three Israeli officials said on Saturday, according to Reuters.The impromptu visit was first reported by Axios, which said that if the visit takes place, the Israeli leader would be the first foreign leader to meet Trump in person to try to negotiate a deal to remove tariffs. Continue reading...

Politics

3 w. ago FTSE suffers biggest daily drop since early in the pandemic as Wall Street slides again – business live

Global trade war escalates as Beijing hits back against Donald Trump with new tariffs on US goodsChina retaliates to Trump’s ‘bullying practice’ with 34% tariffs on US importsIMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slideAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsNew Civil Liberties Alliance, a conservative legal group, has filed what it says is the first lawsuit seeking to block Donald Trump’s tariffs on Chinese imports, saying the US president overstepped his authority. Reuters reports:The lawsuit, filed in federal court in Florida, alleges that Trump lacked the legal authority to impose the sweeping tariffs unveiled on Wednesday as well as duties authorized on February 1 under the International Emergency Economic Powers Act.“By invoking emergency power to impose an across-the-board tariff on imports from China that the statute does not authorize, President Trump has misused that power, usurped Congress’s right ...

Economics