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Planned Shein IPO needs closer scrutiny, says former Labour minister

Trade committee head Liam Byrne wants checks on firm’s possible supply chain links to forced labourBusiness live – latest updatesA former minister has called on the government to closely scrutinise Shein for possible links to forced working as the China-founded fast-fashion retailer prepares for a stock market listing in London.Liam Byrne, the Labour...

Mon Sep 16, 2024 14:41
Kanye West performs in China after rare approval by country’s censors

Flow of foreign artists to China has slowed to a trickle, but economic pressures could be forcing authorities to rethinkWhen Ye, the artist formerly known as Kanye West, took to the stage in Haikou on Sunday, his Chinese fans could barely believe it. One of the biggest and most controversial foreign acts in the world had been allowed in by China’s notoriously...

Mon Sep 16, 2024 12:58
Hong Kong: first person convicted under security law for wearing protest T-shirt

Chu Kai-pong, 27, pleaded guilty to ‘act with seditious intent’ for displaying slogan: ‘Liberate Hong Kong, revolution of our times’A man in Hong Kong has pleaded guilty to sedition for wearing a T-shirt with a protest slogan, becoming the first person to be convicted under the city’s controversial national security law known as Article 23, passed in...

Mon Sep 16, 2024 10:16
What’s causing China’s economic downturn and what does it mean for Australia?

Oversupply and deflation are spooking markets, while falling demand for coal and iron ore threatens to further hamper anaemic Australian growthGet our breaking news email, free app or daily news podcast“Because most Chinese are satisfied with the economy’s performance, Beijing would probably resist major adjustments in savings, consumption and investment...

Sat Sep 14, 2024 23:02
China gives PwC record £47m fine and six-month ban over Evergrande

Accountancy firm accused of issuing false audits says it has sacked six partners and five other staff have leftThe China arm of the accountancy firm PwC has been banned for six months and fined a record 441m yuan (£47m) over its audit of the collapsed property developer Evergrande, according to Chinese authorities.Beijing’s ministry of finance imposed...

Fri Sep 13, 2024 13:53
Production of electric Fiat 500 halted for lack of European orders

Stellantis suspends output for four weeks after it becomes latest carmaker to be hit by slowdown in EV salesStellantis is to halt production of the electric Fiat 500 model for four weeks because of a lack of orders in Europe.The Franco-Italian company, which also owns the Citroën, Vauxhall and Peugeot brands, said production would be suspended from...

Thu Sep 12, 2024 18:57

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