Fast fashion retailer Shein has been fined €40 million ($47.17 million) by France’s antitrust watchdog for allegedly having misleading discounts and unclear environmental claims, despite the company’s claim that the issues were fixed a year ago.
The UK government announced plans to cut green levies on thousands of businesses, aiming to reduce soaring energy costs and boost the manufacturing sector, particularly in Labour strongholds.
Baku hosted 14th meeting of the Joint Intergovernmental Commission on Cooperation between the Republic of Uzbekistan and the Republic of Azerbaijan. The delegations were headed by Uzbekistan’s Minister Laziz Kudratov and Azerbaijan’s Minister of Economy Mikayil Jabbarov.
Sweden’s central bank lowered its key interest rate to 2.00% on Wednesday, citing mild inflation and weaker-than-expected economic growth.
Dozens of public companies, including one founded by Donald Trump, are adding bitcoin to their balance sheets, betting big on crypto amid soaring prices and political backing from the U.S. President.
A tightening chokehold by China on rare-earth magnet exports is forcing global automakers to consider unprecedented steps - including shifting parts of production to Chinese factories - to avoid shutting down electric vehicle assembly lines within weeks.
French pharmaceutical giant Sanofi announced Monday that it will acquire U.S.-based Blueprint Medicines for $9.1 billion to strengthen its portfolio in rare immunological diseases.
Top U.S. banks are quietly preparing to enter the crypto market through cautious pilot programs and partnerships, as regulators offer clearer signals. While enthusiasm grows, most lenders remain hesitant, seeking more clarity on rules before committing heavily.
Tesla's sales in Europe plunged 49% in April, even as electric car demand surged, signaling growing trouble for the U.S. EV giant in a competitive and shifting market.
The bank's latest trading update has helped reassure analysts at Morgan Stanley, despite a disappointing first-half result in February.
Adidas and Puma are expected to raise prices in the U.S. after Nike increased footwear costs, as rising import tariffs push up expenses across the sportswear industry.
Shein says French consumers may face higher prices if the EU imposes handling fees and France enacts new penalties on fast fashion. The platform criticizes the lack of dialogue with authorities as pressure mounts on budget e-commerce models.
Chinese EV maker BYD has unveiled its budget-friendly Dolphin Surf in Berlin, intensifying competition in Europe's electric car market with prices starting at just €19,990.
The European Union aims to introduce a €2 handling fee on low-value online shopping packages entering the bloc, targeting billions of cheap goods from platforms like Shein and Temu. The move seeks to cover the high costs of customs compliance and safety checks.
Marks and Spencer (M&S) has revealed it could lose up to £300 million in trading profits following last month’s ransomware attack, with operational disruptions expected to continue for months.
Google announced a new “AI Mode” for its search engine in the United States, aiming to make searching feel more like talking to an expert who can answer almost any question.
Kazakhstan is boosting support for small and medium-sized enterprises (SMEs) to attract European investment and accelerate economic growth.
The Asia-Pacific Economic Cooperation (APEC) trade ministers’ meeting in South Korea took on new urgency as countries sought dialogue with the United States before a 90-day suspension on tariffs ends in July.
Walmart has warned that U.S. shoppers could soon see higher prices as the retailer manages the impact of new import tariffs introduced earlier this year.
Adidas shareholders have reelected Chairman Thomas Rabe for another term, despite concerns from key investors over his multiple commitments and calls for leadership change.
Sony reports an 18% rise in profit for the fiscal year ending March 31, driven by strong demand in music and gaming sectors, despite a slowdown in its financial segment.
Microsoft has announced 6,000 job cuts, representing nearly 3% of its workforce, as part of a strategy to streamline operations and prioritize investments in artificial intelligence.
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