UPS reaches deal with union Teamsters to avert strike
The agreement raises starting pay for part-time staff to $21 (£16.31) an hour.
2023-07-26 01:45
Nigerian Central Bank Raises Rates in First Test of Independence
Nigeria’s central bank extended its longest phase of monetary tightening to tame inflation, disregarding a call by President
2023-07-26 01:28
Gas prices just saw their biggest one-day increase in a year
Gas prices are going up. The national average price for regular gasoline surged by 4 cents a gallon on Tuesday to $3.64 a gallon, according to AAA.
2023-07-26 01:23
TCW to Buy Engine No. 1’s ETF Unit in First Deal for CEO Katie Koch
TCW Group, the asset manager with a long history of managing bond funds, is expanding into exchange-traded funds
2023-07-26 01:20
Billionaire Leon Black made a $158 million payment to Jeffrey Epstein. Senators want to know why
The Senate Finance Committee is looking into whether billionaire investor Leon Black's $158 million payment to disgraced financier Jeffrey Epstein was part of a greater strategy to avoid paying over $1 billion in federal gift and estate taxes.
2023-07-26 01:18
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
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