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Clothing giant Shein in focus as France targets fast fashion
Clothing giant Shein in focus as France targets fast fashion
Technology
by  AFP

With jaw-droppingly low prices and a seemingly endless selection of trendy clothes, Shein has taken the world by storm -- and found itself in the crosshairs of French lawmakers who want to curb the excesses of fast fashion. The French parliament last week approved measures to make low-cost fast fashion less attractive to customers, especially because of sustainability concerns.

Tepid Nike outlook dents shares as it touts Olympic offerings
Tepid Nike outlook dents shares as it touts Olympic offerings
Economy
by  AFP

Shares of Nike tumbled Thursday after the sports giant signaled a tepid near-term revenue outlook even as it promised to wow consumers with new offerings in an Olympic year. Friend also forecast a revenue drop in the "low single digits" in the first half of the next fiscal year, in part reflecting "the subdued macro outlook around the world," he said.