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Shein faces growth challenges in the U.S. and Europe after tariff exemptions ended, forcing price increases that have reduced sales and profitability as it prepares for its Hong Kong IPO.
Labour’s crackdown on zero hours contracts could cost businesses up to £2.9bn annually, according to government analysis, though some estimates suggest broader economic benefits.
Federal regulators are investigating prediction market ‘mention markets’ where bettors wager millions on speakers’ word choices. Kalshi has removed sports-related mention markets following the inquiry, though political betting remains available.
The White House reported that over 40 countries helped China circumvent US tariffs by routing exports through nations with lower import duties, potentially moving between $30 billion and $300 billion in goods.
UK summer job market rebounds significantly due to warm weather and major sporting and cultural events, with hospitality and tourism sectors showing double-digit growth in seasonal hiring.
India is moving toward introducing merchant fees on its UPI digital payments system after a decade of free transactions, potentially affecting the network that enabled rapid adoption across 550 million users.
