Shein Second-Quarter Profit Falls 67% on Higher Costs and EU Fees

Fast-fashion Shein reported an adjusted net profit of $228 million for the second quarter ending June, representing a 67% decline year-over-year. Profit falls as EU parcel fees impact sales Profit … Read More

Nasdaq Hits Record High as AI Stocks Rally and Oil Prices Dip

On Tuesday, September 22, the Nasdaq hit an intraday record high, driven by a powerful rally in artificial intelligence and chip-related equities such as Micron Technology. According to Reuters reporting, … Read More

Oracle Rises as AI-Fuelled Backlog Growth Eases Spending Worries

Oracle shares gained 3 per cent in early trading after the enterprise software giant reported a $26 billion jump in its revenue backlog, helping to ease investor anxiety regarding its … Read More

France Seeks Wider European Support for Strategic Initiatives in Paris Meeting

Amazon has stepped in to provide a crucial commercial boost for Europe’s Ariane rocket program during a high-stakes space gathering in Paris, offering vital backing as French officials push for … Read More

Shopee Launches New Service in Brazil After Testing Phase

Ecommerce platform Shopee, owned by Sea Limited, has launched a rapid delivery service in Brazil guaranteeing fulfillment within four hours, marking the company’s strategic debut in the competitive fresh food … Read More