SAO PAULO Brazil's state-run oil company Petrobras said on Thursday it will pay dividends of 1.893577 reais per

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’

Bank of America CEO Brian Moynihan said although he is relieved lawmakers reached a resolution for the debt ceiling, it is "not good for the United States to go through this."

TEL AVIV, Israel--(BUSINESS WIRE)--Jun 20, 2023--

About half of the stocks in Hong Kong’s benchmark index are now oversold as investor sentiment deteriorates amid

A former Slovak premier who derides the European Union’s sanctions against Russia and military aid to Ukraine appeared

By Christoph Steitz and Alexander Hübner FRANKFURT Siemens on Thursday gave a more cautious sales outlook for 2024,

Elon Musk's social media platform formerly known as Twitter has sued the state of California over a law requiring social media companies to publish their policies for removing offending material such as hate speech, misinformation and harassment with details on how and when they remove that content

Nigeria’s inflation rate climbed for a fifth month on food prices, and is set for further rises when

Interest rates are high and could get higher. That means auto loans are expensive. In fact, auto loan interest rates are the highest they've been since 2007, when the world was heading into a massive financial crisis. Rates average 7.4%, according to Edmunds, up 3 percentage points in just one quarter.

By Nell Mackenzie LONDON Investors expect hedge funds to produce higher returns with the prospect of interest rates

American Airlines Group Inc. and JetBlue Airways Corp. must dissolve a partnership covering flights across the northeastern US