Fashion
Xiaohongshu joins wave of Chinese firms releasing open-source AI models
[ad_1] [BEIJING] Xiaohongshu, also known as Rednote, one of the country’s most popular social media platforms, has released an open-source large language model, joining a wave of Chinese tech firms...
Shein and Reliance reportedly aim to sell India-made clothes abroad within a year
[ad_1] [MUMBAI/LONDON] Fashion retailer Shein and partner Reliance Retail plan to rapidly expand their Indian supplier base and start overseas sales of India-made Shein-branded clothes within six to 12 months,...
Bank of England risks repeat of Brexit pessimism as growth signals diverge
[ad_1] [LONDON] Bank of England (BOE) rate-setters risk underestimating the strength of the UK economy by placing too much faith in downbeat business surveys over official growth data.Governor Andrew Bailey...
Nomura to shut branch in China as it scales back wealth business
[ad_1] The closure comes four years after Nomura announced the opening of the office in late 2021, when it was pushing to expand in areas that are home to rich...
Asia: Markets rally ahead of latest China-US trade talks
[ad_1] [HONG KONG] Stocks rallied on Monday (Jun 9) on hopes that a fresh round of China-US trade talks later in the day will ease tensions between the economic superpowers,...
Gold falls on strong US jobs data and improved trade outlook
[ad_1] [BENGALURU] Gold prices fell on Monday (Jun 9) as a stronger-than-expected US jobs report cooled expectations of interest rate cuts from the Federal Reserve, while optimism over easing trade...
Revisions confirm Japan GDP contraction, backing Bank of Japan caution
[ad_1] Most economists expect the central bank to delay further rate hikes, with a majority anticipating no change in coming monthsPublished Mon, Jun 9, 2025 · 09:35 AM[TOKYO] Japan’s economy...
BYD unleashes an EV industry reckoning that alarms Beijing
[ad_1] [BEIJING] The price war engulfing China’s electric vehicle (EV) industry has sent share prices tumbling and prompted an unusual level of intervention from Beijing. The shakeout may just be...