IMF global economic outlook sees slight growth, but inflation still a drag
The International Monetary Fund is projecting that global economic growth will see a slight improvement compared to its previous projections but cautions that many challenges still cloud the horizon
2023-07-26 01:16
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 00:59
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 00:59
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 00:58
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 00:55
Mattel renews licensing deal with Warner Bros. Discovery
Toy maker Mattel is renewing its licensing deal with Warner Bros
2023-07-26 00:54
UPS, Teamsters Reach Tentative Labor Deal Avoiding Strike
United Parcel Service Inc. reached a tentative agreement to renew a five-year labor contract with the Teamsters ahead
2023-07-26 00:50
Lower production in Europe hits global steel output
LONDON Global crude steel production fell 1.1% year on year to 943.9 million metric tons in the first
2023-07-26 00:47
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 00:23
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 00:21
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 00:21
Eni’s Renewables Arm Plenitude On Track to Meet Profit Target, Unit CEO Says
Eni SpA’s Plenitude renewables arm is on track to meet its profit target for 2023, as it prepares
2023-07-25 23:58