Bus stop advertising for Chinese fashion company Shein on 4th May 2025 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Fast fashion giant Shein’s troubles continue to mount after its much anticipated London initial public offering (IPO) reportedly hit a fresh roadblock. The e-commerce behemoth is now aiming for a Hong…
A member of the Bank of England’s interest rate-setting committee has warned that higher-than-expected inflation and growth figures should not distract policymakers from continuing to cut borrowing costs. Alan Taylor, who was one of two monetary policy committee members to call for a bigger 0.5 percentage point cut last month, said that while he was…
Indian tourists and Kashmiris walk near the clock tower (Ghanta Ghar) in Srinagar, Jammu and Kashmir, on May 28, 2025. Firdous Nazir | Nurphoto | Getty Images India’s economy expanded at a faster-than-expected annual rate of 7.4% in the quarter ended March, despite the growing uncertainty in the global economy. The gross domestic product in…
Alexander Spatari | Moment | Getty Images Federal student loan borrowers could be in repayment for up to 30 years under proposed changes in the House Republicans’ massive spending and tax package, dubbed the “One Big Beautiful Bill Act.” Currently, most student loan repayment plans range from 10 years to 25 years — which already…
The euro has seen significant gains against the dollar amid uncertainty around President Trump’s tariffs policies. Matt Cardy | Getty Images News | Getty Images U.S. President Donald Trump’s tariffs regime has sparked volatility in American assets — and European officials are making no secret of wanting the euro to seize upon wavering confidence in…
Parental intuition is more likely to predict critical illness among children than vital signs used to monitor health, according to a study that strengthens the case for families to have a right to a second opinion under Martha’s rule being piloted in the NHS. Experts from Monash University in Melbourne, Australia, said parents should be…
While U.S. President Donald Trump’s tariffs play out in U.S. courts, another one of his laws could weaponize the American tax system. Investment banks and law firms warn this step could prove to be as significant as the impact of duties on investors. The “One Big Beautiful Bill Act,” which passed through the U.S. House…
A US government report on children’s health cited “totally fabricated” studies to back up its findings, academics wrongly listed as the authors of those studies have said. First released on 22 May, the report detailed causes of a “chronic disease crisis” among children in the US. An amended version was issued on 29 May after…
The New South Wales government has reached an agreement with the rail unions, ending months of negotiations and industrial action. The proposed enterprise agreement will see about 13,000 rail workers receive a 12% pay increase over three years, plus back pay. “This agreement will bring relief to the disruption from protected industrial action that a…
National Economic Council Director Kevin Hassett speaks to reporters at the White House in Washington, D.C., U.S., April 14, 2025. Kevin Lamarque | Reuters A top economic advisor to President Donald Trump expressed confidence Thursday that court rulings throwing out aggressive tariffs will be overturned on appeal. Kevin Hassett, director of the National Economic Council,…
