The fashion retailer H&M is facing a potential boycott by millions of consumers in China after a statement by the company expressing deep concerns over reports of forced labor in Xinjiang stirred a social media storm this week. The statement, which can be found on the website of the Swedish retailer, was posted last September after growing global scrutiny around […]
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SINGAPORE – American companies based in Asean are expecting a drop in revenue contributions to businesses in the near term, a poll by the American Chamber of Commerce in Singapore (AmCham) has found. But despite the economic uncertainty, many – more than three-quarters of those surveyed – are eager to continue investing in the Asean market over the next five […]
Read moreFG Trade/Getty Images The latest wave of stimulus checks has driven an expected uptick in retail-investing activity, but it’s occurring with less breadth than the previous cycle in December and January, says JPMorgan. Most of the money invested in the market has been allocated to more traditional areas, as opposed to riskier ones like tech stocks and bitcoin. Retail investors […]
Read moreThe nearly $1 million raised in a crowd funding campaign to benefit a 75-year-old Asian American woman who fought back after being attacked in San Francisco will now be donated to combat racism. That’s according to family members who created a GoFundMe for Xiao Zhen Xie after she was punched in the face by a man while waiting at a traffic light. She picked up a stick and […]
Read moreDado Ruvic/Reuters Cryptocurrency hedge funds posted their best gain since 2019 in February, rising 35%. Data provider Eurekahedge said the growing industry has around $3.4 billion under management. Crypto hedge funds climbed almost 200% in 2020 as the bitcoin price soared. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Cryptocurrency hedge funds gained 35% in […]
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BERLIN — Chancellor Angela Merkel on Wednesday dropped plans for a five-day shutdown in Germany over Easter, which had prompted confusion and criticism. She called the idea a mistake and apologized to Germans. Merkel announced the decision after calling a hastily arranged videoconference on Wednesday with Germany’s 16 state governors, who are responsible for imposing and lifting restrictions. The same […]
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Throw your brackets out. Anyone who boldly called No. 15 seed Oral Roberts over Ohio State (and Florida!) or Loyola Chicago over No. 1 seed Illinois is a legitimate fortune teller. This March Madness has been historically unpredictable, with four double-digit seeds making it to the men's NCAA Tournament second weekend. It's the first time four teams seeded No. 11 […]
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HS Markit's flash composite PMI for the euro zone, which looks at activity across both manufacturing and services, hit 52.5 in March versus 48.1 in February. The preliminary data points to the first economic expansion in the region since September and the largest increase since last July. But there are concerns about how the euro zone economy will perform in […]
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LONDON — When London came to a stop as a nationwide coronavirus lockdown was imposed a year ago, the Underground kept running as an essential service. But it was a strange and unnerving experience for its workers. Joseph Cocks, a driver on the subway’s Circle Line that loops around the city center, said he could “count the number of people […]
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