The IMF promises to stay in ‘our lane’ when it comes to climate change.
According to Kristalina Georgieva, the multilateral lender will “only do what we are good at.” However, she defended the IMF’s current focus on climate change after a top US official stated that the IMF “should not be experts on climate…
Shein is in talks with Mike Ashley’s Frasers Group to purchase Missguided.
The talks regarding a purchase, first reported by Sky News, occur only a year after Frasers acquired the brand. Last year, Frasers Group paid £20 million for Missguided after the online apparel store went bankrupt. Shein, which was created in…
China police detain Evergrande wealth unit employees
Police in Shenzhen, southern China, have detained employees of controversial property developer Evergrande’s wealth management unit. In a social media post, police asked the public to report any examples of suspected fraud. Meanwhile, a newly formed state-owned insurer announced the…
The first grain ships have arrived in Ukraine via a new route.
They arrived in Chornomorsk on Saturday with 20,000 tonnes of wheat intended for global markets. Officials said it was the first time civilian ships had arrived in a Ukrainian port since a deal with Russia to ensure vessel safety fell…
Chick-fil-A will attempt again in the United Kingdom four years after the LGBT backlash.
An American fast food business that faced backlash from the homosexual community when it first opened in the UK is considering another venture. Chick-Fil-A intends to open five restaurants in the United Kingdom. The locations have yet to be determined,…
The UK government has allocated £500 million to Tata Steel’s Port Talbot steelworks.
Tata Steel would contribute £700 million of its own funds to the effort to reduce emissions. It has requested ministers to provide a larger portion of the expense. However, the deal is expected to result in up to 3,000 job…
Elon Musk is told that Taiwan is “not for sale.”
Taiwan told Elon Musk, a billionaire, that the island is “not for sale” after Musk said it was part of China. “Listen up, Taiwan is not part of the People’s Republic of China, and it’s definitely not for sale!” said…
Carrefour in France posts’shrinkflation’ warning flags.
Among the products mentioned and shamed are Lipton Ice Tea, Lindt chocolate, and Viennetta ice cream. Customers are informed whether bottles are smaller or pack contents are lighter. Carrefour stated that it wants to put pressure on the manufacturers of…
Arm: Shares of the UK chip designer rise in market return
Shares of the company closed trade on Thursday at more than $63 each, up from $51 per share earned from the share sale. The IPO was the largest of the year, raising $4.87 billion for owner Softbank Group. The increase…
As fuel costs climb, inflationary pressures in the United States remain persistent.
The Labor Department said that the 12-month inflation rate, which gauges the rate at which prices grow, was 3.7% in August, up from 3.2% in July. The findings highlight the difficulties that officials have in attempting to stabilize prices, which…
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