US stance on Japan yen intervention 'depends on details' of situation -Yellen
NEW YORK U.S. Treasury Secretary Janet Yellen said on Tuesday whether Washington would show understanding over another yen-buying
2023-09-20 06:56
Jokowi Says Successor Must Adopt His Reforms to Reach 7% Growth
Indonesia’s outgoing President Joko Widodo said Southeast Asia’s largest economy can attain its fastest expansion in three decades
2023-09-20 06:56
NYC Denied Motion to Dismiss Suit Over Cap on Food Delivery Fees
New York City was ordered to face a lawsuit by DoorDash Inc., Grubhub Inc. and Uber Technologies Inc.’s
2023-09-20 06:45
Yellen says US growth needs to slow in line with potential due to full employment
WASHINGTON U.S. Treasury Secretary Janet Yellen said on Tuesday that U.S. growth needed to slow in line with
2023-09-20 06:17
Oracle says it is open banking ready to cater to Canadian banks
By Nivedita Balu TORONTO Oracle is ready to cater to Canadian banks for their open banking needs and
2023-09-20 05:24
Ray Epps, ex-Marine targeted by a Jan. 6 conspiracy theory, is charged with a misdemeanor in riot
Ray Epps, a former Marine who became the target of a Jan. 6, 2021, conspiracy theory, has been charged with a misdemeanor in connection with the U.S. Capitol riot and is expected to plead guilty
2023-09-20 04:25
Fortnite players can now apply for a portion of its $245 million FTC settlement
Millions of Fortnite users can now claim their small part of the $245 million that the game's parent company agreed to pay as part of a settlement with the US Federal Trade Commission.
2023-09-20 03:17
Instacart's IPO surges as the grocery delivery company goes from the supermarket to the stock market
Instacart’s shares are surging in the grocery delivery company’s stock market debut
2023-09-20 01:26
Book Review: ‘Astor’ is a primer on the rise and fall one of America’s richest families
In their new book “Astor,” CNN Journalist Anderson Cooper and Katherine Howe trace the storied Astor family's legacy from its inception, when John Jacob Astor emigrated from Germany and established himself in the beaver fur trade, a bloody and highly competitive business
2023-09-20 01:23
Ray Epps, center of a Jan. 6 conspiracy theory, is charged with a misdemeanor over the Capitol riot
An Arizona man who became the center of a conspiracy theory about Jan. 6, 2021, has been charged with a misdemeanor offense in connection with the U.S. Capitol riot
2023-09-19 23:59
H&M starts charging shoppers £1.99 for online returns
High street fashion retailer H&M has joined other companies in charging shoppers who return items purchased online. Customers must now pay £1.99 to return parcels either in store or online, with the cost of the return being deducted from their refund. Rival high street stores including Zara, Boohoo, Uniqlo and Next already charge for online returns, with retail experts predicting that even more are likely to follow suit. During the pandemic, when online shopping inevitably soared in popularity, customers became increasingly more reliant on returning items when they did not fit. However, this also led to a rise in people buying items in bulk and returning almost all those items, some of them worn. While most online and high street retailers do not formally announce the move to charge for returns, many have introduced the change under the radar, with H&M implementing the return fee this summer. Business analysts have told the BBC that other retailers are likely to do the same. "It’s interesting that companies seem to be doing it by stealth, but it’s a sensible thing to be doing," retail expert Jonathan De Mello told the outlet. "It makes economic sense, as it discourages shoppers from bulk buying online products and then returning the majority of them. That’s been a real problem for companies." While H&M shoppers might be disappointed in the extra returns fee, added De Mello, most might understand why a company would need to make this decision, especially when it comes to the environment. Many shoppers are increasingly aware of the environmental impact of deliveries and returns, from courier vans to wasted packaging. Retail expert and analyst Natalie Berg wrote on Twitter/X that retailers have “created a monster” with free returns. “​​H&M charging for returns. Retailers have created a monster with free returns. It makes financial and environmental sense to put an end to this ‘buy to try’ mentality.” But Berg pointed out that customers who have signed up to H&M membership would be exempt from the extra fee for returning items. “This is actually a really delicate way to tier your customers,” Berg said of the membership scheme. “Slowly climb down from costly promises by limiting those benefits to loyalty members. Retailers have become too generous over the past decade. Save that generosity for your most valuable customers.” Read More Inside London’s first Vogue World: Thong leotards and Anna Wintour’s VIP assembly line Voguewashing London Fashion Week won’t pay the wages of Britain’s young fashion designers Bridesmaid who “didn’t love” her dress spends 35 years wearing it around the world Meghan Markle praised for mixing high-fashion with affordable pieces Vogue World wowed but won’t pay the wages of young fashion designers Ukrainian designers prove beauty can come from darkness at London Fashion Week
2023-09-19 22:46
Yellen says U.S. 'soft landing' can weather strike, govt shutdown, student loan risks
By David Lawder NEW YORK U.S. Treasury Secretary Janet Yellen told Reuters that a "soft-landing" scenario for the
2023-09-19 20:57