Thousands of French Brands Sue Shein, Accusing It of Unfair Competition
The class-action lawsuit is the latest push against the Chinese retailer in France, where protests outside its first store broke out earlier this month. Source link
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Kotak Mahindra stock split: Bank announces 1:5 share split; aims to boost liquidity- what you need to know
Kotak Mahindra Bank on Friday said its board has approved a sub-division of equity shares in a 1:5 ratio to make the stock more affordable and enhance market liquidity. The decision was taken on the lender’s 40th foundation day and is subject to statutory and regulatory approvals, the private sector bank said in a regulatory…
California Has a Legal Clause for Housing That Could Put NIMBYs in a Corner
For years, the state has been nudging its cities to build housing to address a severe shortage. Maybe what they needed was a shove. Source link
Data blackout: US scraps October CPI report after govt shutdown; Fed left without key data ahead of policy meet
The US government will not publish consumer inflation data for October after a 43-day federal shutdown disrupted data collection, intensifying uncertainty ahead of the Federal Reserve’s December policy meeting.The Bureau of Labor Statistics (BLS) said it “is unable to retroactively collect” consumer price data for October and will not release the report originally scheduled for…
Help! My Rental Car Died Within a Mile, and Avis Charged Me $1,367.
A visitor to Italy had to abandon an S.U.V. after it conked out just minutes from the rental agency. Then he got another surprise: a hefty repair bill. Source link
Crypto crash: Bitcoin sinks below $82k; tech slump spills into crypto markets-here’s what analysts say
Bitcoin and ether tumbled to multi-month lows on Friday as investors pulled back from riskier assets amid concerns over stretched tech valuations and fading expectations of near-term US rate cuts, Reuters reported. Bitcoin, the world’s largest cryptocurrency, dropped 5.5% to a seven-month low of $81,668, while ether slid more than 6% to $2,661.37, hitting a…
Roblox Rolls Out Face Scans for Age Verification: What to Know
The popular gaming platform said the tool was designed to stop children from chatting with older users they didn’t know. Source link
US markets today: Wall Street steadies after sharp reversal; AI stocks remain volatile as Bitcoin slump deepens
The US stock market opened higher on Friday, with the S&P 500 rising 0.4 per cent, the Dow Jones Industrial Average adding 242 points, and the Nasdaq composite advancing 0.5 per cent, following what was described as one of the most volatile sessions since April. The modest rebound came a day after markets rallied early…
Top Fed Official Boosts Odds of a December Rate Cut
John C. Williams, president of the Federal Reserve Bank of New York, said the central bank had scope to lower borrowing costs ‘in the near term.’ Source link
Cross-border payments boost: India, EU begin phase to link UPI with TIPS; remittances to get cheaper
The Reserve Bank of India (RBI) on Friday said the process of interlinking the Unified Payments Interface (UPI) with the Eurosystem’s TARGET Instant Payment Settlement (TIPS) platform has entered the realisation phase, marking a step towards enabling cross-border instant payments between India and Europe. RBI and NPCI International Payments Limited (NIPL) have been in discussions…