Business

Shein’s UK division has been accused of shifting the "majority of its earnings" to its parent company in Singapore to reduce its tax obligations in Britain. The firm, which had reportedly considered a £50bn listing on the London Stock Exchange but is now anticipated to go public

UK property prices increased for the third month in a row in August, setting a new record as the market gains momentum. Prices rose by 0.3% compared with July, following a 0.4% increase the previous month and a 0.1% rise in June, bringing the average home value

Jaguar Land Rover Factory Staff Told to Stay Home After Cyber-Attack Jaguar Land Rover has instructed factory employees to remain at home until at least next Tuesday as it addresses the aftermath of a cyber-attack. The company ceased production at its facilities in Merseyside and the West Midlands after discovering

Correction in Seasonally Adjusted Retail Sales Data Reported Britain’s Office for National Statistics (ONS) has acknowledged an error in its method for calculating seasonally adjusted retail sales figures. The mistake involves how the ONS accounts for “calendar effects,” such as the shifting dates of holidays like Easter, and how

A key report on U.S. employment released Friday pointed to a weakening labor market. The economy added only 22,000 jobs in August, falling short of expectations, while the unemployment rate rose slightly to 4.3%, according to the Bureau of Labor Statistics. Earlier this year, monthly job growth

The head of the Bank of England has advised against overstating the significance of a sharp increase in the UK’s long-term borrowing costs, explaining it reflects a broader international trend. During a discussion with MPs, Andrew Bailey noted that the Treasury had maintained stable borrowing rates for much of