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HSBC Buys Citi’s $3.6 Billion China Retail Assets in Expansion
HSBC Buys Citi’s $3.6 Billion China Retail Assets in Expansion
HSBC Holdings Plc agreed to buy Citigroup Inc’s retail wealth management portfolio in mainland China, adding to its
2023-10-09 12:24
Wall St set to open lower as Powell doubles down on inflation fight
Wall St set to open lower as Powell doubles down on inflation fight
By Shubham Batra and Johann M Cherian (Reuters) -Wall Street's main indexes were set to open lower on Wednesday as
2023-06-21 21:26
China Names Wang Yi New Foreign Minister to Replace Qin Gang
China Names Wang Yi New Foreign Minister to Replace Qin Gang
China’s Qin Gang has been removed from his post as foreign minister and replaced by his predecessor Wang
2023-07-25 19:18
AITC Welcomes Distinguished Guests SBA Director Isabella Casillas Guzmán, Congressmen Darren Soto and Maxwell Frost for a Special Visit Celebrating Hispanic Heritage Month
AITC Welcomes Distinguished Guests SBA Director Isabella Casillas Guzmán, Congressmen Darren Soto and Maxwell Frost for a Special Visit Celebrating Hispanic Heritage Month
WINTER SPRINGS, Fla.--(BUSINESS WIRE)--Sep 29, 2023--
2023-09-29 22:59
India Trade Gap Widens to Record as Festive Spending Surges
India Trade Gap Widens to Record as Festive Spending Surges
India’s trade deficit widened to a record last month as imports surged, buoyed by strong consumer spending ahead
2023-11-15 18:53
US and India to Co-Produce Armored Vehicles to Counter China
US and India to Co-Produce Armored Vehicles to Counter China
Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic
2023-11-10 22:54
Long Goodbye to World’s Negative-Yielding Debt Is Almost Done
Long Goodbye to World’s Negative-Yielding Debt Is Almost Done
The world’s 13-year experience with negative-yielding bonds is drawing to a close. The Bank of Japan’s gradual moves
2023-11-02 11:59
US, India agree to terminate six disputes at WTO -US statement
US, India agree to terminate six disputes at WTO -US statement
WASHINGTON The U.S. and India have agreed to terminate six outstanding disputes at the World Trade Organization, the
2023-06-23 09:58
Billionaire Buys Stake in Mexico’s Mega Oil Field from Talos
Billionaire Buys Stake in Mexico’s Mega Oil Field from Talos
A unit of billionaire Carlos Slim’s Grupo Carso is purchasing a 49.9% minority stake in Talos Energy’s Mexico
2023-05-26 05:58
Fukushima plant official says the coming release of treated water a milestone for decommissioning
Fukushima plant official says the coming release of treated water a milestone for decommissioning
A top official in charge of the Fukushima Daiichi nuclear power plant says an upcoming release of the treated radioactive water into sea more than 12 years after the meltdown disaster marks “a milestone."
2023-07-28 21:25
Chile Draft Charter Showcases Divide Likely to Scuttle Proposals
Chile Draft Charter Showcases Divide Likely to Scuttle Proposals
Chile’s Constitutional Council on Tuesday presented a draft charter in a ceremony mirroring deep divisions in the nation
2023-11-08 02:21
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