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[ad_1] The European Union is going after Shein, accusing it of deceiving customers with fake discounts and misleading information.The European Commission said in a Monday statement it had investigated the Chinese fast-fashion company, along with other consumer rights watchdogs in Belgium, France, Ireland, and the Netherlands.According to the statement, the investigation revealed that Shein had engaged in multiple practices “in breach of EU law.” These included offering fake discounts, pressuring customers to buy products with false purchase deadlines, using deceptive product labels, making misleading sustainability claims, and hiding contact details of customer service agents from customers.It also said Shein was…

[ad_1] It’s not your imagination, graduating seniors. The tech industry’s pullback from entry-level hiring has reached concerning levels. LinkedIn’s chief economic opportunity officer, Aneesh Raman, warned in The New York Times last week that “bottom rung of the career ladder” is “breaking” as AI eliminates traditional stepping-stone positions. The numbers are eye-opening: hiring of new grads by the 15 largest tech companies has plummeted over 50% since 2019, according to a report released this month by the venture firm SignalFire, which found that before the pandemic, graduates comprised 15% of Big Tech hires, a figure that has dropped to just…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is chief economist at ING The dollar is losing its status as an all-purpose haven, highlighted by Moody’s recent downgrade of its last remaining triple A credit rating from one of the big three agencies. The EU now has a unique chance to capitalise on investor doubts and promote the euro as a reserve currency, a move that would yield significant economic benefits. It is time to break the taboo around issuing common debt by the EU backed by…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK government is shifting to shorter-term borrowing to lower its interest bill as a global debt sell-off adds to the pressure on its tax and spending plans.Jessica Pulay, head of the UK’s Debt Management Office, said the agency was softening a reliance on long-term borrowing that has made the country an outlier among major global bond markets, amid falling demand from institutional investors. Shorter-term debt is currently cheaper to take out — an important consideration for a country whose issuance…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.EU regulators are planning their first stress test to look for vulnerabilities in the financial system outside of banks, reflecting fears about the rapid growth of less regulated groups such as hedge funds and private equity.The plans by European authorities to examine the impact on the wider financial system of a potential market crisis, which would also include pension funds and insurers, follow a similar debut exercise by the Bank of England last year.Officials at the EU’s main financial watchdogs are…

[ad_1] CNN  —  JPMorgan Chase CEO Jamie Dimon says the full effects of tariffs have yet to be felt and that markets are exhibiting an “extraordinary amount of complacency” in the face of those and other risks. “When I’ve seen all these things adding up that are on the fringes of extreme, I don’t think we can predict the outcome, and I think the chance of inflation going up and stagflation is a little bit higher than other people think,” Dimon said during his company’s annual investor day on Monday. “There are too many things out there, and I think…

[ad_1] A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. New York CNN  —  Critics of the president’s decision to auction off a private dinner via his Trump-branded crypto token were worried about the stunt for a few reasons. At the top of the list: the potential for foreigners to buy access to the sitting president, something the US Constitution explicitly prohibits. Those concerns, it seems, were well founded. The vast majority of the top holders of Trump’s memecoin appear to be based overseas, including the top…

[ad_1] In her 20s, Claudia Woodham decided to quit her job in Manchester to travel abroad.She had a degree in marketing, but low starting salaries in the field had led her to take a job at a bank instead. But the 9-to-5 corporate lifestyle left her feeling stressed and unfulfilled, and she knew she had to get out.What began as a yearlong trip through Southeast Asia and Australia with her partner, Danny, turned into four years of full-time travel. But eventually, the two of them craved something more permanent.”We kind of got sick of living out of the suitcase, so…

[ad_1] Herman Ko is 27 but already has experience sitting on both sides of the recruiting table.The former banker worked at JPMorgan for about 3 ½ years before joining Career Hackers, a human resources and education technology startup in March 2024. Ko is now the company’s head coach and chief program director, where he helps to design and administer AI hiring assessments for companies.Ko told Business Insider that it is becoming increasingly common for recruiters to use AI to screen job applicants. This includes video-based interviews, essay writing, job simulations, and psychometric tests to assess leadership potential.Ko said using AI…

[ad_1] This as-told-to essay is based on a conversation with Andrew Moo, 33, co-founder of Taste Collective — a creative agency — and co-owner of two restaurants in Shanghai. The following has been edited for length and clarity.I grew up in Perth as a fourth-generation Australian. Any connection to my Chinese heritage felt long gone.My great-grandfather arrived on the northern coast by boat from Guangdong in 1889, chasing the classic immigrant dream. Fast-forward a few generations, and assimilation had done its job.By the time my parents were raising me, we didn’t speak Chinese, eat Cantonese food at home, or celebrate…