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Bond Rout Lifts US Yields to Multiyear Highs to Open New Quarter
Bond Rout Lifts US Yields to Multiyear Highs to Open New Quarter
Treasury 10-year and 30-year yields reached new multiyear highs Monday as a selloff in bonds resumed in the
2023-10-03 01:28
Reaction to Sam Altman's return as OpenAI CEO
Reaction to Sam Altman's return as OpenAI CEO
OpenAI said on Tuesday it had reached an agreement for Sam Altman to return as CEO days after
2023-11-22 17:22
Tech Startup Byju’s Seeks to Calm Investors as Crisis Escalates
Tech Startup Byju’s Seeks to Calm Investors as Crisis Escalates
The billionaire founder of Byju’s, the Indian education-technology firm that lost its auditor and three board members in
2023-06-26 13:20
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
Germany's top court blocks a parliament vote on a contentious bill to replace heat sources in homes
Germany's top court blocks a parliament vote on a contentious bill to replace heat sources in homes
Germany’s highest court has blocked government plans to hold a vote in parliament this week on a contentious plan to encourage home owners to replace fossil fuel heating systems with cleaner alternatives
2023-07-06 08:56
Ukraine Recap: NATO Official Doubts Russia’s Offensive Capacity
Ukraine Recap: NATO Official Doubts Russia’s Offensive Capacity
Russia is unlikely to be able to mount a significant offensive operation this year as its armed forces
2023-09-12 08:58
China can raise 2024 budget deficit ratio to spur growth - central bank adviser
China can raise 2024 budget deficit ratio to spur growth - central bank adviser
BEIJING China can raise its budget deficit ratio next year to support the economic recovery because there is
2023-11-10 11:49
Ivanka Trump dismissed from New York attorney general's fraud lawsuit against her father
Ivanka Trump dismissed from New York attorney general's fraud lawsuit against her father
A New York appeals court dismissed Ivanka Trump on Tuesday from a wide-ranging fraud lawsuit brought against her father and his company last year by the state’s attorney general
2023-06-28 04:21
Eskom Latest: Utility ‘Confident’ Nuclear Unit Fixed by November
Eskom Latest: Utility ‘Confident’ Nuclear Unit Fixed by November
South Africa’s Eskom Holdings SOC Ltd. expects to finish maintenance on the first of two units at its
2023-08-11 16:15
Ukraine to come up with new debt relief plan early next year
Ukraine to come up with new debt relief plan early next year
By Marc Jones LONDON Ukraine is likely to decide early next year whether to try and extend the
2023-06-21 20:21
AVI Systems Chief Technology Officer, Brad Sousa, Dies Unexpectedly
AVI Systems Chief Technology Officer, Brad Sousa, Dies Unexpectedly
MINNEAPOLIS--(BUSINESS WIRE)--Nov 8, 2023--
2023-11-09 04:49
As bad debts soar, Canadian banks eye asset sales to boost capital
As bad debts soar, Canadian banks eye asset sales to boost capital
By Nivedita Balu TORONTO As Canada's economy enters a period of sluggish growth, the big banks are looking
2023-11-08 19:48