News

HANOI/SHANGHAI (Reuters) -Fast-fashion online retailer Shein is leasing a huge warehouse in Vietnam, two people familiar with the deal told Reuters, its first in the country, in a move that could reduce its exposure to unpredictable U.S.-China trade tensions. Shein, which was founded in China and sells products including $5 bike shorts and $18 sundresses, has agreed to lease nearly 15 hectares of industrial land for a warehouse near Ho Chi Minh City, Vietnam's commercial and trading hub, the two sources said, declining to be identified because the information was not public. The online retailer, which almost entirely relies on China-based suppliers to make garments for the United States and other markets, has been caught in the crosshairs of a tit-for-tat China-U.S. trade war that threatens to upend global supply chains, despite a recent de-escalation.

FRANKFURT (Reuters) -The euro zone economy grew slower in the first quarter than initially estimated but employment held up well, indicating that the bloc keeps creating jobs despite years of anaemic expansion, data from Eurostat showed on Thursday. Gross domestic product in the first three months grew by 0.3%, below an initial estimate for 0.4%, but that was still an improvement on previous quarter as industry finally expanded and employment growth also picked up. While the euro zone has consistently underperformed the U.S. in recent years, the 0.3% quarterly growth rate is far better than the 0.3% contraction reported in the U.S., which in great part was a reflection of surging imports ahead of tariffs.

In early April, Wall Street threw an epic temper tantrum that would make a toddler proud.

In a rare instance of good news for Rachel Reeves, the UK economy grew by 0.7 pc between January and March, ahead of forecasts of 0.6 pc.

The stock market experienced quite a bit of volatility during President Donald Trump's first 100 days in office.

The British economy grew at its fastest rate in a year during the first quarter of 2025, official figures showed Thursday, in a welcome boost to the Labour government, which has made lifting the country's growth its top priority. The Office for National Statistics said growth, as measured by gross domestic product, increased by 0.7% in the first quarter of the year from the final three months of 2024, with the country's dominant services sector doing particularly well. The first quarter increase makes the British economy the fastest-growing among the Group of Seven leading industrial nations.

(Bloomberg) -- Trade chiefs from some of the world’s biggest economies are competing for access to US Trade Representative Jamieson Greer as they seek to advance negotiations with Washington at a gathering in South Korea. Most Read from BloombergAs Coastline Erodes, One California City Considers ‘Retreat Now’How a Highway Became San Francisco’s Newest ParkPower-Hungry Data Centers Are Warming Homes in the NordicsMaryland’s Credit Rating Gets Downgraded as Governor Blames Trump NYC Commuters Brac