French fashion group Kering pledges to hire only over-18 models
Kering, the French fashion group whose brands include Gucci and Saint Laurent, said it would only work with models aged over 18, as the fashion industry aims to tighten up its ethical guidelines.
Global stocks bounce fades on grim China data, Italy woes
A global equity bounce stemming from softer rhetoric by U.S. President Donald Trump on the trade dispute with Beijing waned on Wednesday as grim China data and fresh Italian debt woes cast a shadow over global markets.
China’s retail sales growth slumps to 16-year low as trade war risks rise
China reported surprisingly weaker growth in retail sales and industrial output for April on Wednesday, adding pressure on Beijing to roll out more stimulus as the trade war with the United States escalates.
No easy options for China as trade war, U.S. pressure bite
China is running out of options to hit back at the United States without hurting its own interests, as Washington intensifies pressure on Beijing to correct trade imbalances in a challenge to China’s state-led economic model.
China says it is only taking actions in self defense in U.S. trade dispute
China’s Foreign Ministry said on Wednesday the United States was defining the two countries’ dispute over trade as a trade war, and China was only taking action in self-defense.
Rise of smaller rivals throws up fresh challenge to bitcoin
Bitcoin’s weathered hacks, heists, booms and busts to reign as the king of cryptocurrencies through its first decade. But now there’s a fresh challenge to its dominance of the fledgling market: some 2,000 smaller digital coins.
Explainer: ‘Privacy coin’ Monero offers near total anonymity
Bitcoin’s share of the cryptocurrency market is sliding, with a host of alternative digital coins gaining ground as developers race to create digital cash that can gain a footing in mainstream commerce and finance.
Startups target banks’ small business customers in FX payments drive
Revolut and TransferWise are signing up thousands of small businesses a month for foreign exchange payments, touting slicker service and lower fees as they try to take on banks in a sector with flows of $7 trillion a year.
Asia stocks rebound from three-and-a-half month lows as trade fears ease
Asian stocks rebounded from a 3-1/2-month low on Wednesday as a slight softening in rhetoric from U.S. President Donald Trump eased worries about the U.S.-China tariff war, and on expectations that Beijing could unveil more economic stimulus.
China’s retail sales growth falls to 16-year low as trade war risks rise
China on Wednesday reported surprisingly weaker growth in retail sales and industrial output for April, adding pressure on Beijing to roll out more stimulus as the trade war with the United States escalates.
