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Cathay Pacific posts best H1 profit since 2010, to repay govt aid package
Cathay Pacific posts best H1 profit since 2010, to repay govt aid package
HONG KONG (Reuters) -Hong Kong's Cathay Pacific Airways reported on Wednesday a profit of HK$4.3 billion ($550.23 million) for the
2023-08-09 12:49
Analysis-For Musk and other foreign CEOs visiting China, silence is golden
Analysis-For Musk and other foreign CEOs visiting China, silence is golden
By Brenda Goh and Joe Cash SHANGHAI/BEIJING A veritable parade of overseas CEOs including Tesla's Elon Musk and
2023-06-08 01:26
You can still get JBL Live Pro 2 True Wireless Headphones for their lowest price after Prime Day
You can still get JBL Live Pro 2 True Wireless Headphones for their lowest price after Prime Day
SAVE $50: As of July 14, the JBL Live Pro 2 True Wireless Headphones are
2023-07-15 00:56
FBI: Thousands of remote IT workers sent wages to North Korea to help fund weapons program
FBI: Thousands of remote IT workers sent wages to North Korea to help fund weapons program
Federal authorities say that thousands of information technology workers contracting with U.S. companies secretly sent millions of dollars of their wages to North Korea for use in its ballistic missile program
2023-10-20 01:47
Country Garden shares slump to record low after onshore bond trading halted
Country Garden shares slump to record low after onshore bond trading halted
HONG KONG (Reuters) -Shares of China's Country Garden plunged more than 12% on Monday morning after the real estate company
2023-08-14 10:15
Housing-Market Rebound Poses Challenge for Fed’s Inflation Fight
Housing-Market Rebound Poses Challenge for Fed’s Inflation Fight
Home prices are again on the rise after a brief dip last year, complicating the Federal Reserve’s effort
2023-07-24 17:25
H&M starts charging shoppers £1.99 for online returns
H&M starts charging shoppers £1.99 for online returns
High street fashion retailer H&M has joined other companies in charging shoppers who return items purchased online. Customers must now pay £1.99 to return parcels either in store or online, with the cost of the return being deducted from their refund. Rival high street stores including Zara, Boohoo, Uniqlo and Next already charge for online returns, with retail experts predicting that even more are likely to follow suit. During the pandemic, when online shopping inevitably soared in popularity, customers became increasingly more reliant on returning items when they did not fit. However, this also led to a rise in people buying items in bulk and returning almost all those items, some of them worn. While most online and high street retailers do not formally announce the move to charge for returns, many have introduced the change under the radar, with H&M implementing the return fee this summer. Business analysts have told the BBC that other retailers are likely to do the same. "It’s interesting that companies seem to be doing it by stealth, but it’s a sensible thing to be doing," retail expert Jonathan De Mello told the outlet. "It makes economic sense, as it discourages shoppers from bulk buying online products and then returning the majority of them. That’s been a real problem for companies." While H&M shoppers might be disappointed in the extra returns fee, added De Mello, most might understand why a company would need to make this decision, especially when it comes to the environment. Many shoppers are increasingly aware of the environmental impact of deliveries and returns, from courier vans to wasted packaging. Retail expert and analyst Natalie Berg wrote on Twitter/X that retailers have “created a monster” with free returns. “​​H&M charging for returns. Retailers have created a monster with free returns. It makes financial and environmental sense to put an end to this ‘buy to try’ mentality.” But Berg pointed out that customers who have signed up to H&M membership would be exempt from the extra fee for returning items. “This is actually a really delicate way to tier your customers,” Berg said of the membership scheme. “Slowly climb down from costly promises by limiting those benefits to loyalty members. Retailers have become too generous over the past decade. Save that generosity for your most valuable customers.” Read More Inside London’s first Vogue World: Thong leotards and Anna Wintour’s VIP assembly line Voguewashing London Fashion Week won’t pay the wages of Britain’s young fashion designers Bridesmaid who “didn’t love” her dress spends 35 years wearing it around the world Meghan Markle praised for mixing high-fashion with affordable pieces Vogue World wowed but won’t pay the wages of young fashion designers Ukrainian designers prove beauty can come from darkness at London Fashion Week
2023-09-19 22:54
Facing $1.5B deficit, California State University to hike tuition 6% annually for next 5 years
Facing $1.5B deficit, California State University to hike tuition 6% annually for next 5 years
Trustees at California State University, the nation’s largest public university system, have voted to raise student tuition by 6% each year for five consecutive years to try to narrow a $1.5 billion deficit
2023-09-14 07:54
Preliminary audit report slams Lebanon central bank, governor
Preliminary audit report slams Lebanon central bank, governor
A preliminary forensic audit of Lebanon's central bank by professional services firm Alvarez & Marsal (A&M) has painted a damning picture of the institution under...
2023-08-11 23:45
Bank Lobbying Climbed Nearly 20% as New Fed Rules Loom
Bank Lobbying Climbed Nearly 20% as New Fed Rules Loom
The banking industry ramped up lobbying during the second quarter of this year as a financial contagion infected
2023-07-21 21:15
After breathtaking surge, U.S. stocks' path may rest on economic soft landing
After breathtaking surge, U.S. stocks' path may rest on economic soft landing
By Lewis Krauskopf NEW YORK Are U.S. stocks poised to continue their dramatic run, or is a pause
2023-11-17 23:53
Deutsche Bank’s DWS Taps Former Oaktree Veteran for Alternatives
Deutsche Bank’s DWS Taps Former Oaktree Veteran for Alternatives
DWS Group, the asset management arm of Deutsche Bank AG, has hired Dan Robinson to lead its EMEA
2023-11-27 16:22