Latest News

Biden says Republicans holding US economy 'hostage'
Biden says Republicans holding US economy 'hostage'
Business and Economy
by  AFP

President Joe Biden accused Republicans on Friday of holding the US economy "hostage" by refusing to pass a debt limit increase unless he first agrees to "draconian" budget cuts. "They're trying to hold the debt hostage to (get) us to agree to some draconian cuts," Biden said at a White House meeting on the economy.

Chinese fast fashion giant Shein denies low prices due to forced labour
Chinese fast fashion giant Shein denies low prices due to forced labour
Business and Economy
by  AFP

Chinese cut-price fast-fashion giant Shein defended its business model in an interview with AFP, saying demand-based production accounted for its low prices and not forced or cheap labour. Founded in China in 2008, Shein has swiftly claimed a top place in the global fast-fashion marketplace, offering young social-media-savvy customers low-priced collections that turn over at a steady clip.