BNP Paribas, HSBC fined $20.3 million for illegal short selling:
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| Last Updated | Dec 25 23 |
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BNP Paribas Is Said to Plan 50 Job Cuts Across Its UK Unit: BNP Paribas SA is planning to cut as many as 50 roles across its unit in the UK as Chief Executive ...
bloomberg.com/news/articles/2024-04-26/bnp-paribas-is-said-to-plan-50-job-cuts-across-its-uk-unit
BNP Paribas’s Fixed Income Traders Trail for Fourth Straight Quarter: BNP Paribas SA posted better-than-expected profit for the first quarter as provisions for ...
bloomberg.com/news/articles/2024-04-25/bnp-s-fixed-income-traders-trail-for-fourth-straight-quarter
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European banks have little to lose from rate cuts: Tighter monetary policy has delivered a giant boost to Europe’s long-suffering lenders ...
reuters.com/breakingviews/european-banks-have-little-lose-rate-cuts-2024-04-25/
Barclays (BARC LN): Investment Bank Isn't Keeping Momentum: The UK lender is slower to recover than Deutsche Bank, BNP Paribas and US peers on deals and ...
bloomberg.com/opinion/articles/2024-04-25/barclays-barc-ln-investment-bank-isn-t-keeping-momentum
BNP Paribas Hires 30 for China Securities Business After Exit 17 Years Ago: BNP Paribas SA has hired close to 30 people to launch its securities operation in ...
bloomberg.com/news/articles/2024-04-22/bnp-paribas-hires-30-for-china-securities-business
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French lender BNP Paribas beats profit estimates as expenses decline: French lender BNP Paribas beats profit estimates for the first quarter (Q1) as expenses ...
euronews.com/business/2024/04/25/french-lender-bnp-paribas-beats-profit-estimates-as-expenses-decline
BNP Paribas must face lawsuit over Sudanese genocide, US judge rules: BNP Paribas was ordered by a U.S. judge on Thursday to face a lawsuit accusing the French ...
reuters.com/legal/bnp-paribas-must-face-lawsuit-over-sudanese-genocide-us-judge-rules-2024-04-18/
BNP Paribas to acquire Fosun's 9% stake in Belgiuan insurer Ageas: BNP Paribas has signed an agreement with China's Fosun Group to acquire its 9% stake in ...
reuters.com/markets/deals/bnp-paribas-acquire-fosuns-9-stake-belgiuan-insurer-ageas-2024-04-14/
Nike CEO says focus on its own website and stores went too far as it embraces wholesale retailers again
cnbc.com/2024/04/12/nike-ceo-acknowledges-it-went-too-far-in-direct-push.html
Quick Glance: Nike CEO Acknowledges Shift from Direct Sales Focus
- Nike CEO John Donahoe acknowledged that the company deviated too far from wholesale partners like Macy's and DSW in its pursuit of primarily selling products through its own stores and website.
- Over recent years, Nike has actively worked on restructuring its business model. Initially focused on selling sneakers and clothing in department stores and specialty shops, the brand now generates the majority of its revenue through direct-to-consumer sales.
- This transition enabled Nike to significantly increase revenue and enhance customer insights through data analysis. Donahoe stated that Nike has tripled its mobile and digital business in the past four years.
- Some analysts view Nike's avoidance of wholesale partners as a misstep that hindered the company's progress in innovation and product development.
BNP Paribas gets green light for fully owned Chinese securities venture: Regulatory approval comes as Chinese economic growth slows
ft.com/content/bd3e1c6f-510f-4a82-84dd-79f5b12ceb2c
UBS, Nomura Battle to Sell Rate Products to Europe’s Ultra Rich: UBS Group AG and Nomura Holdings Inc. are making a push to sell sophisticated fixed-income ...
bloomberg.com/news/articles/2024-04-17/ubs-nomura-battle-to-sell-rate-products-to-europe-s-ultra-rich
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PNP accuses Gov’t of arrogance amid apology demand for former House clerk: The Opposition People’s National Party has accused minister with responsibility for ...
jamaicaobserver.com/2024/04/10/pnp-accuses-govt-arrogance-amid-apology-demand-former-house-clerk/
Allfunds Abandons Potential Sale Discussions: Allfunds Group Plc has abandoned discussions over a potential sale of the European fund distribution platform ...
bloomberg.com/news/articles/2024-04-23/allfunds-is-said-to-abandon-discussions-about-potential-sale
Paid articlePaid Barclays, BNP, Deutsche Bank Earnings Hinge on Trading, Rates: Europe’s biggest banks pick up the baton next week after mixed results from Wall Street peers.
bloomberg.com/news/articles/2024-04-19/barclays-bnp-deutsche-bank-earnings-hinge-on-trading-rates
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Construction activity returns to growth but concerns over pipeline slowdown : BNP Paribas Real Estate Ireland Construction PMI showed renewed increase in both ...
businesspost.ie/news/construction-activity-returns-to-growth-but-concerns-over-pipeline-slowdown/
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Housebuilding up strongly, but 'Government may still miss target': Two surveys suggest it will take some time before new homes are delivered despite ...
irishexaminer.com/business/economy/arid-41374264.html
Europe’s Banks Enjoy ‘Better for Longer’ Backdrop, Goldman Says: European bank stocks are set to benefit from a backdrop that Goldman Sachs Group Inc ...
bloomberg.com/news/articles/2024-04-12/europe-s-banks-enjoy-better-for-longer-backdrop-goldman-says
Paid articlePaid BNP Paribas to Cut Space in Ocean Financial Centre as High Rents Bite: BNP Paribas SA is set to give up space in a prime office tower in Singapore amid rising ...
bloomberg.com/news/articles/2024-04-03/bnp-paribas-to-cut-space-in-ocean-financial-centre-as-high-rents-bite
Paid articlePaid Ocado Retail sales rise as sharper prices win more customers: British online supermarket Ocado Retail said a focus on sharper prices helped it win more customers ...
reuters.com/business/retail-consumer/ocado-retail-quarterly-sales-up-106-it-wins-more-customers-2024-03-26/
House Clerk Valrie Curtis to retire: KINGSTON, Jamaica – House Clerk Valrie Curtis is to proceed on retirement effective April 6, ending her decades-long ...
jamaicaobserver.com/2024/04/03/house-clerk-valrie-curtis-retire/
Walmart wants more wealthy shoppers: The retail giant is making renovations to its sales floors and its assortment of brands
qz.com/walmart-wealthy-shoppers-1851355757
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BNP Paribas: A Good Income Play In The European Banking Sector: BNP Paribas SA is offering a sustainable high dividend yield, making it an attractive income play ...
seekingalpha.com/article/4679214-bnp-paribas-a-good-income-play-in-the-european-banking-sector
Paid articlePaid BNP Paribas considers buying Fosun's Ageas stake, Bloomberg News reports: Euro zone's largest bank BNP Paribas is considering a potential acquisition of Chinese ...
reuters.com/business/finance/bnp-paribas-considers-buying-fosuns-ageas-stake-bloomberg-news-reports-2024-03-14/
BNP Paribas targets extra 400 mln euros in cuts after weak results: BNP Paribas , the euro zone's largest bank, on Wednesday said it will step up its ...
reuters.com/business/frances-bnp-paribas-confirms-profit-targets-dividends-2024-2026-2024-03-13/
Price per barrel rises: Is there a recovery in the oil market?: The price of oil has been slowly climbing back up for some time now. Can investors now expect ...
n-tv.de/mediathek/sendungen/Zertifikate/Gibt-es-eine-Erholung-am-Olmarkt-article24790385.html
BNP Pledges €20 Billion Payouts as Bonnafe Cuts More Costs: BNP Paribas SA pledged to return €20 billion ($21.9 billion) to investors over three years as Chief ...
bloomberg.com/news/articles/2024-03-13/bnp-raises-cost-target-as-bonnafe-pledges-20-billion-payouts
BNP’s Clients Are Piling ESG Billions Into Money Market Funds: BNP Paribas Asset Management says ESG clients have been piling into money market funds ...
bloomberg.com/news/articles/2024-02-28/bnp-s-clients-are-piling-esg-billions-into-money-market-funds
Commercial property investment slumps to ten-year low : Office real estate investment was impacted by ‘continued weak sentiment’ as property deals fell to 2013 ...
businesspost.ie/news/commercial-property-investment-slumps-to-ten-year-low/
Paid articlePaid Hersey Stock (HSY) Downgraded by BNP Paribas Exane Amid Cocoa Price Surge: Hershey Co. was downgraded at BNP Paribas Exane to neutral from outperform on Tuesday ...
bloomberg.com/news/articles/2024-03-26/hershey-gets-a-downgrade-as-soaring-cocoa-prices-appear-sticky
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Upheaval at DKB: This banker will now manage the business: From July 1st, Sven Deglow will be the new CEO of DKB. He replaces his predecessor after more than ten ...
businessinsider.de/wirtschaft/umbruch-bei-der-dkb-dieser-banker-wird-jetzt-die-geschaefte-leiten/
Hyatt Buy Points 20% Discount Through April 9, 2023: World of Hyatt members can buy points at 20% off through April 9, 2024.
loyaltylobby.com/2024/02/20/hyatt-buy-points-20-discount-through-april-9-2023/
HelloFresh shares: Analysts have reacted: HelloFresh Stock Plunges After Weak Outlook; Analysts lower price targets.
deraktionaer.de/artikel/aktien/hellofresh-aktie-analysten-haben-reagiert-20353744.html
Bank of England expected to hold interest rates: The Monetary Policy Committee will announce its decision at midday on Thursday
business-live.co.uk/economic-development/bank-england-expected-hold-interest-28858689
Will Value-up drive repeat Park Geun-hye’s economic policies?: A revision of tax policies scheduled for the latter half of the year is expected to come into ...
koreatimes.co.kr/www/biz/2024/02/488_369601.html
FSC chief visits Poland to bolster financial cooperation : Financial Services Commission (FSC) Chairman Kim Joo-hyun embarked on a visit to Poland on Sunday to ...
koreatimes.co.kr/www/biz/2024/03/488_371283.html
Big-name global investors eye Korea's Corporate Value-up Program: Representatives of multiple international financial firms are scheduled to visit Korea this ...
koreatimes.co.kr/www/biz/2024/03/126_371278.html
Hyatt Buy Points 36% Off Flash Sale: World of Hyatt members can purchase points at 36% off but only for a limited time.
loyaltylobby.com/2024/02/19/hyatt-buy-points-36-off-flash-sale/
The Warehouse Group sells sports brand Torpedo7 for $1: The Warehouse Group has sold its struggling outdoor brand Torpedo7 for $1.
rnz.co.nz/news/national/509866/the-warehouse-group-sells-sports-brand-torpedo7-for-1
Gov't to allocate $313 bil. for low carbon transition in finance : The government pledged to allocate 420 trillion won ($313 billion) from the state budget ...
koreatimes.co.kr/www/biz/2024/03/488_370933.html
At least one dead following two separate vehicle collisions in Negril: HANOVER, Jamaica— There is at least one fatality from two separate vehicle collisions on ...
jamaicaobserver.com/2024/02/13/least-one-dead-following-two-separate-vehicle-collisions-negril/
Nvidia's quarterly figures decisive: high-tech shares on the brink of a turnaround?
n-tv.de/mediathek/sendungen/Zertifikate/High-Tech-Aktien-vor-Kurswende-article24750051.html
Fired BNP Banker Must Return €4.5 Million Paris Award: A BNP Paribas SA banker who won about €4.5 million ($4.9 million) in a Paris unfair-dismissal case was ...
bloomberg.com/news/articles/2024-03-11/fired-bnp-banker-must-return-4-5-million-paris-award
Paid articlePaid Irish housing output prospects brighten but growth could yet stall, warns BNP Paribas
irishexaminer.com/business/economy/arid-41349946.html
Markets Are Lulling Themselves Into a False Sense of Security: Stocks’ low volatility may be a misleading result of a boom in autocallables and other structured ...
wsj.com/finance/investing/markets-are-lulling-themselves-into-a-false-sense-of-security-4e7f48eb
Analysis: Investments in commercial real estate are falling: Across Europe, less money was invested in retail properties last year. According to BNP Paribas Real ...
lebensmittelzeitung.net/handel/nachrichten/analyse-investitionen-in-handelsimmobilien-sinken-176461
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BNP Paribas to buy back €1.055 billion of shares: The French financial services major, BNP Paribas, said on Monday that it was launching a share repurchase ...
nordot.app/1137313089480147450
Electric car start-up Polestar receives $950 million in funding: E-mobility: Leading banks such as BNP Paribas and Standard Chartered are investing in Polestar ...
handelsblatt.com/unternehmen/industrie/elektroauto-start-up-polestar-erhaelt-finanzierung-in-hoehe-von-950-millionen-dollar/100018901.html
Bitcoin surge renews calls for eased regulations: The surging price of bitcoin to a record level in Korea is prompting renewed calls for the easing of ...
koreatimes.co.kr/www/biz/2024/02/126_369787.html
Moonhub secures $1.4 million for VR training platform: Moonhub's VR platform is used by the likes of Amazon and BNP Paribas.
businessinsider.com/moonhub-secures-1-4-million-for-vr-training-platform-2024-2
Paid articlePaid BNP Paribas: Why Europe's leading bank is based in Paris instead of Frankfurt: BNP Paribas invested in Europe when its European competitors were dreaming of Wall ...
handelsblatt.com/finanzen/banken-versicherungen/banken/bnp-paribas-warum-europas-fuehrende-bank-in-paris-statt-in-frankfurt-sitzt/100013069.html
Paid articlePaid Tax incentives to be offered for firms voluntarily boosting corporate value : Korean stocks fell nearly 1 percent, Monday, on the heels of the government's ...
koreatimes.co.kr/www/biz/2024/02/175_369497.html
A Banking Crisis Could Be Closer Than You Think: It’s tempting to conclude that we’ve dodged a bullet since Silicon Valley Bank collapsed a year ago. Not so fast ...
barrons.com/articles/banking-crisis-new-york-community-bancorp-81a3eb27
Paid articlePaid Record or setback: How susceptible is the market to corrections?: The hope of imminent interest rate cuts has boosted the stock markets in recent months ...
n-tv.de/mediathek/sendungen/Zertifikate/Wie-korrekturanfaellig-ist-der-Markt-article24742556.html
Gov't, banks to provide nearly $57 bil. in financial support for local businesses
koreatimes.co.kr/www/biz/2024/02/602_368842.html
Korea to release draft of corporate ESG disclosure standards by April : The Financial Services Commission (FSC) plans to release a draft of environmental, social ...
koreatimes.co.kr/www/biz/2024/02/488_368791.html
BNP, Crédit Agricole, SocGén: Why France's banks are so profitable: The Germans can only dream of the profits of the French banks. A completely different ...
faz.net/aktuell/wirtschaft/unternehmen/bnp-credit-agricole-co-frankreich-hat-starke-banken-19506418.html
BNP Paribas Ireland forecasts Dublin office market on back foot until 2027: Office market will get worse before it gets better, according to report ...
businesspost.ie/property/bnp-paribas-ireland-forecasts-dublin-office-market-on-back-foot-until-2027/
Paid articlePaid Drop in construction softens in January as demand for new homes continues: Construction employment increased for the second month in a row, and at a solid pace ...
irishexaminer.com/business/economy/arid-41329369.html
Korean stocks to stay range-bound in post-holiday sessions : Korean stocks are expected to remain range-bound after the long Lunar New Year weekend that runs ...
koreatimes.co.kr/www/biz/2024/02/126_368393.html
Keke Palmer And SZA To Star In Issa Rae-Produced Buddy Comedy From TriStar Pictures
deadline.com/2024/04/keke-palmer-sza-issa-rae-tristar-pictures-1235896290/
Quick Glance: Keke Palmer and SZA in New Comedy Produced by Issa Rae
- Issa Rae is producing a new comedy starring Keke Palmer and Grammy winner SZA.
- The project will be led by TriStar Pictures and directed by Lawrence Lamont.
- Keke Palmer will serve as an executive producer, while SZA will make her acting debut.
- Rae criticized the cancellation of diverse series and expressed concerns about the Hollywood industry.
Google Workers Protest Cloud Contract With Israel's Government: Google employees are staging sit-ins and protests at company offices in New York and California ...
wired.com/story/google-no-tech-for-apartheid-project-nimbus-israel-gaza-protest/
Quick Glance: Google restructuring operations and relocating roles to 'hubs' to fund AI investments
- Google is implementing staff layoffs and transferring certain roles to 'hubs' to secure funds for artificial intelligence investments.
- The finance and real estate teams are being affected by the downsizing, with some roles being moved overseas.
- Through the consolidation of finance teams in Bangalore, Mexico City, Dublin, Chicago, and Atlanta, Google aims to enhance efficiency and operate around the clock.
- The restructuring is driven by the substantial shift towards artificial intelligence in the tech industry, prompting Google to allocate more resources to this domain.
Reports: Caitlin Clark to sign 8-year, $28 million Nike deal
reut.rs/3WawaMY
Quick Glance: Caitlin Clark Secures Groundbreaking Contract with Nike After WNBA Salary Criticism
- Following public criticism of Caitlin Clark's modest WNBA rookie salary, she secured an impressive deal with Nike.
- As the top pick in the 2024 WNBA Draft, she landed a long-term agreement with the athletic footwear and apparel brand, including a signature shoe.
- This partnership represents the largest sponsorship deal for a female basketball player.
NatWest (NWG) Beats Estimates on Signs of Growing Customer Confidence: NatWest Group Plc beat earnings estimates in the first quarter as lending and deposits ...
bloomberg.com/news/articles/2024-04-26/natwest-beats-estimates-on-signs-of-growing-customer-confidence
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Best password managers 2024: Protect your online accounts by @morphingball
Best password managers 2024: Protect your online accounts: The best password is one you probably can't easily remember—that's why a password manager is ...
pcworld.com/article/407092/best-password-managers-reviews-and-buying-advice.html
Quick Glance: Effective password management: Security for online accounts
- Password managers handle the creation and storage of passwords, while users are responsible for sharing.
- The selected options support various operating systems and browsers, with a guide to optimize usage.
- Recent developments at NordPass enhance service, offering a more affordable alternative.
- Different password managers offer unique features and pricing models to meet user needs.
Within 48 hours of being selected to receive subsidy from Union gov't, Aurobindo Pharma gifted Electoral Bonds to BJP.
reporters-collective.in/trc/within-48-hours-of-subsidy-from-govt-aurobindo-pharma-gifted-electoral-bonds-to-bjp
New EPA rules would force some plants to capture emissions, shut down: Environmental Protection Agency Administrator Michael Regan says new rules that would ...
apnews.com/article/power-plants-coal-natural-gas-biden-epa-5c96ca146e7f70b47806beb4bc3713e6
Quick Glance: New EPA Rules Target Emissions Reduction at Power Plants
- The Biden administration aims to compel coal-fired power plants to capture smokestack emissions or close down.
- The rules target limiting greenhouse gas emissions from fossil fuel power plants and reducing toxic pollutants from coal-fired plants.
- The plan includes measures to reduce carbon dioxide emissions, toxic wastewater pollutants, and safely manage coal ash.
- The actions are expected to face opposition from industry groups and Republican-leaning states, while environmental groups see it as a crucial step in combating climate change.
Starbucks and US workers' union meet for contract negotiations: Starbucks held contract negotiations with the Workers United union over a two-day session in ...
reuters.com/business/retail-consumer/starbucks-us-workers-union-meet-contract-negotiations-2024-04-26/
US Senate committee investigates pricing of Novo's Ozempic and Wegovy: A U.S. Senate committee said on Wednesday it had launched an investigation into the prices ...
reuters.com/business/healthcare-pharmaceuticals/us-senate-committee-investigates-pricing-novos-ozempic-wegovy-2024-04-24/
McDonald's Korea to raise prices of 16 items next month : McDonald's Korea said Thursday it will raise the prices of 16 menu items by an average of 2 ...
koreatimes.co.kr/www/tech/2024/04/129_373519.html
Bang & Olufsen Beosystem 9000c: Price, Specs, Release Date: Bang & Olufsen has released just 200 units of its new-old CD changer, but it reminds us that a ...
wired.com/story/bang-olufsen-beosound-9000-cd-changer-is-back/
Chipotle says its Autocado robots are coming soon: The fast food chain also said during its first-quarter earnings call that it raised prices by 7% in California ...
qz.com/chipotle-autocado-sales-1851433565
Quick Glance: Chipotle lifts annual sales forecast despite uncertainties
- Chipotle raised its full-year sales forecast due to resilient demand for burritos and rice bowls despite higher menu prices.
- The company anticipates mid-to-high-single digit percentage growth in comparable restaurant sales for 2024.
- Chipotle implemented price hikes to protect its profit margin from increased ingredient costs like beef and avocados.
- Chipotle's adjusted profit in the first quarter came in at $13.37 per share, surpassing estimates of $11.68.
Chanel CEO Says Price Hikes Driven by Inflation, Craftsmanship: Chanel’s chief executive officer defended the luxury brand’s pricing after it raised the cost of ...
bloomberg.com/news/articles/2024-04-25/chanel-ceo-says-price-hikes-driven-by-inflation-craftsmanship
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Tesla profits drop 55% as Elon Musk dodges cheap car questions: Tesla spent $1 billion on GPUs even as its profit margins shrank by half.
arstechnica.com/cars/2024/04/tesla-profits-drop-55-as-elon-musk-dodges-cheap-car-questions/
Meta loses nearly $200 billion in value after Mark Zuckerberg AI announcement: CEO admitted it could take ‘several years’ for AI investment to come good
independent.co.uk/tech/meta-mark-zuckerberg-shares-ai-b2534723.html
Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
- Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.
- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
US FDA approves Pfizer's gene therapy for rare bleeding disorder
reut.rs/3UAkIsM
Quick Glance: FDA approves Pfizer’s gene therapy for hemophilia B
- The FDA has approved Pfizer's first gene therapy drug for a rare inherited bleeding disorder.
- Beqvez, a unique gene therapy drug by Pfizer, has been approved for adults with moderate to severe hemophilia B.
- The drug enables patients to produce Factor IX themselves to prevent and control bleeding.
- Pfizer is competing with a similar treatment from CSL Behring and planning more gene therapies for various genetic disorders.
McDonald's opened its doors in the Mittelburgenland Business Park: The new restaurant has been open since Thursday morning.
bvz.at/oberpullendorf/rotes-band-durchschnitten-mcdonald-s-oeffnete-pforten-im-businesspark-mittelburgenland-418224112
Long-Lost Klimt Painting Sells for $37 Million at Auction: The portrait was left unfinished in the painter’s studio when he died, and questions persist over the ...
nytimes.com/2024/04/24/arts/design/gustav-klimt-painting-auction.html
Quick Glance: Klimt's 'Portrait of Miss Lieser' Sells for $32 Million Euros at Auction
- Klimt's 'Portrait of Miss Lieser' sells for $32 million euros at auction despite subject's uncertainty.
- The painting depicts a young woman in a turquoise dress and floral gown against a red background.
- The current owners reached a 'fair and just solution' with the legal successors of the Lieser family.
- The painting's history post-Klimt's death and during the Nazi era raises significant questions.
Treasuries Hold Gains as Record US Auction Sees Solid Demand: US government debt advanced on Tuesday as the Treasury’s hefty $69 billion sale of two-year notes ...
bloomberg.com/news/articles/2024-04-23/treasuries-hold-gains-as-record-us-auction-sees-solid-demand
Fast-fashion giant Shein is the latest to face EU's strictest digital regulations
qz.com/shein-to-face-stricter-eu-regulations-meta-tik-tok-amaz-1851439129
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