Month: May 2025
Meet the sustainable fashion startup backed by H&M and Amazon
An H&M store in New York City on Nov. 19, 2024. Charly Triballeau | AFP | Getty Images When Gilberto Loureiro spent summers working in a textile factory as a teenager growing up in Portugal, he discovered that he felt “hate and love” for how clothes were produced. The work was tough: Loureiro’s job was […]
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Japan’s Ishiba rules out tax cuts funded by debt issuance
Japan’s prime minister, Shigeru Ishiba. Bloomberg | Bloomberg | Getty Images Japan will not resort to tax cuts funded by additional debt issuance, Prime Minister Shigeru Ishiba said on Monday, pushing back against political pressure to loosen fiscal policy ahead of an upper house election slated for July. “Japan is seeing interest rates turn positive and its fiscal state is not good,” Ishiba told parliament, […]
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China’s April retail sales growth of 5.1% misses expectations as consumption remains a worry
Citizens are shopping at a supermarket in Nanjing, East China’s Jiangsu province, on March 9, 2024. Costfoto | Nurphoto | Getty Images China’s retail sales growth slowed in April, data from the National Bureau of Statistics showed Monday, signaling that consumption remains a worry for the world’s second-largest economy. Retail sales rose 5.1% from a […]
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CNBC Daily Open: Downgrade of U.S. credit rating adds new complication to U.S. stock market
Pedestrians walk past the north entrance to the U.S. Treasury Department headquarters building on April 30, 2025, in Washington, DC. J. David Ake | Getty Images U.S. stocks popped last week on the back of a trade truce between America and China, in which they mutually agreed to cut tariffs for 90 days. Technology stocks […]
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Asia-Pacific markets fall as investors parse Moody’s U.S. downgrade
A man walks past buildings at Central Business District (CBD) in Beijing, China April 8, 2025. Tingshu Wang | Reuters Asia-Pacific markets fell Monday as investors await a slew of economic data from across the region and parse Moody’s downgrade of the U.S. credit rating. Japan’s benchmark Nikkei 225 slipped 0.54% at the open while […]
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German stocks near record highs — but will a Wall Street comeback spoil the party?
The German DAX index has surged 19% so far this year. Source
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Stock futures slide after U.S. debt downgrade highlights deficit risk: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 14, 2025. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters Stock futures fell Sunday evening as investors responded to Moody’s downgrade of the U.S.’ credit rating. Futures tied to the Dow Jones Industrial Average dropped 308 points points, or […]
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Portuguese PM’s party claims election win, falls short of majority
Hugo Soares, PSD parliamentary leader walks, following the first exit polls, at Portugal’s Social Democratic Party (PSD) and Democratic Alliance (AD) leader Luis Montenegro’s electoral night headquarters, in Lisbon, Portugal, on May 18, 2025. Violeta Santos Moura | Reuters Portugal’s center-right Democratic Alliance (AD) claimed victory in Sunday’s early parliamentary election, but again fell short […]
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Romanian centrist Dan poised to win presidency over hard-right rival
Presidential candidate Nicusor Dan reacts to first exit polls of Romania’s second round of the presidential election, in Bucharest, Romania, on May 18, 2025. Stoyan Nenov | Reuters Romania’s centrist Bucharest mayor, Nicusor Dan, appeared on course to win the presidency on Sunday in a shock upset over a hard-right rival who had pledged to […]
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Former President Joe Biden diagnosed with ‘aggressive’ form of prostate cancer
Former President Joe Biden speaks during the Advocates, Counselors, and Representatives for the Disabled bipartisan conference at the Sofitel Chicago Magnificent Mile on Tuesday, April 15, 2025. Eileen T. Meslar | Chicago Tribune | Getty Images Former President Joe Biden has been diagnosed with prostate cancer, his office said Sunday. Biden was seen last week by doctors […]
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