(NewsNation) — Fast-fashion behemoth Shein has tried to become a member of the largest retail trade association in the U.S. in its quest to go public on the American market, but it has been rejected repeatedly as geopolitical tensions and labor controversies persist. Despite grossing billions in sales every year, the National Retail Federation has … Read more
Almost every aspect of Daniel Křetínský’s fresh offer for the owner of the Royal Mail is unsatisfactory: the price, the identity of the bidder and the sketchy “undertakings” to protect the UK postal service. First, the terms – 370p a share, or £3.5bn – only look attractive if you think the government, or the next … Read more
The Biden administration’s new tariffs on Chinese electric vehicles and other strategic sectors aim to protect the future of U.S. manufacturing, but they will likely accelerate a shift of Chinese production to Mexico, Vietnam and elsewhere to avoid them. U.S. officials and trade experts say that without strong efforts to cut off transshipped or lightly … Read more
Sean Barnes has often shown up a little late to work at their REI store in Austin, Texas, over the last four and a half years. The 31-year-old says managers never hassled them about the tardiness ― until workers started chattering about forming a union last year. All of the sudden, clocking in late a … Read more
A UK government trade summit in Saudi Arabia has been criticised for helping to promote businesses linked to a string of senior Conservatives, including peers and the former chair of the party, Ben Elliot. Oliver Dowden, the deputy prime minister, has been in Riyadh this week launching the government-backed Great Futures campaign to promote British … Read more
If you or someone you know is struggling with substance abuse, call 1-800-662-HELP (4357) to access help and find treatment options in your area. (NewsNation) — Walgreens is expected to soon offer a cheaper version of a drug that temporarily reverses the effects of an opioid overdose, according to a press release. “Walgreens today announced … Read more
Going purely by PE multiple or price-to-earnings ratio, which tells you how many years it will take for the company’s earnings to cover its current price, Zomato is one of the most expensive stocks on Dalal Street with an astronomically high PE of 487x. The multibagger stock continues to attract buyers despite a 200%-plus rally … Read more
The former CNN executive who fronted a failed bid for the Telegraph newspaper by a UAE-backed consortium has suggested the government was not willing to listen to assurances about editorial neutrality. Jeff Zucker said there were figures in the UK who were “scared” of the £600m deal, which would have seen the Abu Dhabi-backed consortium, … Read more
What do you think about Dubai? Exotic? Hot? Well, the mega-city of the UAE may not be what you think. Recently, an Indian man took to social media to debunk many of the notions attached to Dubai. Rohit Manchanda, who lives in Dubai, said that Dubai is not as hot as people think. (Join our … Read more
Rafael Enrique | Lightrocket | Getty Images Netflix‘s cheaper, ad-supported tier has amassed 40 million global monthly active users, the company said Wednesday. That’s nearly double the 23 million figure the streaming giant shared in January. Separately, Netflix announced it would launch its own advertising platform and no longer partner with Microsoft for that technology. … Read more
