Shein acquires British fast fashion brand Missguided as it looks to expand global reach
Shein has acquired British fast fashion brand Missguided as the e-commerce giant looks to expand its marketplace model and deepen its global reach.
UK confirms plans to regulate crypto industry with formal legislation
The U.K. government published its response to a consultation paper issued earlier this year, which recommended how the crypto industry should be regulated.
The escalating Israel-Hamas conflict raises risks of global market contagion, economist says
As the Israel-Hamas conflict further intensifies, the risks to the global economy are growing, economist Mohamed el-Erian said Monday.
Biden issues U.S.’ first AI executive order, requiring safety assessments, civil rights guidance, research on labor market impact
The executive order builds on voluntary commitments the White House previously secured from leading AI companies.
U.S. is working with Indo-Pacific partners to boost economic resilience, Katherine Tai says
The U.S. is working very closely with trading partners in the Indo-Pacific region to build economic resilience, said U.S. Trade Representative Katherine Tai.
CNBC Daily Open: Are things about to get more difficult?
Markets are looking to wrap up a brutal month, which saw the S&P 500 and Nasdaq indexes slip into correction territory.
Is your hotel sustainable? Not if these two things are in your room, says Soneva’s founder
Soneva and Six Senses founder Sonu Shivdasani said “sustainable” hotels shouldn’t have branded water or toiletries in plastic bottles — and that’s bare minimum.
WTO chief warns Israel-Hamas war could hurt global growth if conflict spills over
WTO director-general warns of impact on trade if Israel and Gaza conflict were to spread to the rest of the Middle East.
HSBC’s after-tax profit surges over 235% year-on-year, announces $3 billion share buyback
HSBC also said it will initiate a further share buy-back of up to $3 billion, which is expected to “commence shortly.”
Evergrande shares fall 20% to all-time low as court adjourns winding-up hearing
Evergrande shares hit an all-time low of 18.8 Hong Kong cents as a judge warned that it could be wound up if the firm does not present a restructuring plan.
