Sweden’s H&M to lay off 1,500 staff in drive to cut soaring costs and rescue profits

[ad_1] H&M to cut 1,500 jobs as part of cost-cutting drive The firm is challenged by stiff competition and rising costs Books restructuring charge of $75.8 mln in fourth quarter…

Meta to end news access for Canadians if Online News Act becomes law

[ad_1] March 11 (Reuters) – Facebook-parent Meta Platforms Inc (META.O) said on Saturday that it would end availability of news content for Canadians on its platforms if the country’s Online…

Shein, Temu in fierce fight over US market for $10 dresses

[ad_1] NEW YORK/SHANGHAI, March 9 (Reuters) – Online fast-fashion retailer SHEIN and its newer rival Temu are in a race to win shoppers’ attention for their inexpensive China-made goods. The…

Cathie Wood’s ARK Fund set for worst week since Sept as higher rates loom

[ad_1] NEW YORK, March 10 (Reuters) – Big declines in holdings including Tesla Inc and 2U Inc are leaving star stock picker Cathie Wood’s flagship ARK Innovation Fund (ARKK.P) on…