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U.S. consumer prices post biggest gain in 8-1/2 years as economy reopens

U.S. consumer prices post biggest gain in 8-1/2 years as economy reopens

U.S. consumer prices rose by the most in more than 8-1/2 years in March as increased vaccinations and massive fiscal stimulus unleashed pent-up demand.
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China's Ant to become financial holding firm under enforced revamp

China's Ant to become financial holding firm under enforced revamp

China's Ant Group, the fintech giant whose $37 billion IPO was derailed by risk-wary regulators days before it was due to list in November, will restructure as a financial holding company.
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Self-driving truck startup TuSimple targets over $8 billion valuation in U.S. IPO

Self-driving truck startup TuSimple targets over $8 billion valuation in U.S. IPO

Self-driving truck startup TuSimple Holdings Inc said on Wednesday it was targeting a valuation of more than $8 billion in its U.S. initial public offering (IPO).
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Euro zone poised for five-year post-pandemic consumption boom

Euro zone poised for five-year post-pandemic consumption boom

The euro zone economy is poised for up to five years of private consumption above pre-pandemic levels once Europe's households are able to spend freely again, a European Central Bank policymaker forecast on Tuesday.
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Payments giant Stripe expands to Middle East with Dubai office

Payments giant Stripe expands to Middle East with Dubai office

Digital payments giant Stripe on Tuesday announced the opening of an office in United Arab Emirates financial capital Dubai, its first expansion into the Middle East region.
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U.S. factory orders decline in February

U.S. factory orders decline in February

New orders for U.S.-made goods fell in February, likely weighed down by unseasonably cold weather, though manufacturing remains strong as the economic recovery regains steam amid an improving public health situation.
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Japan Feb household spending seen down for third straight month

Japan Feb household spending seen down for third straight month

Japanese household spending likely dropped in February from a year earlier, falling for a third straight month, a poll found on Friday, suggesting emergency coronavirus measures kept a lid on consumer expenditure.
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Amazon illegally fired employees critical of work conditions, labor board finds

Amazon illegally fired employees critical of work conditions, labor board finds

Amazon.com Inc illegally fired two employees who advocated for better working conditions during the pandemic, the U.S. National Labor Relations Board has found.
Fashion
Millennials and global consumers push U.S. companies to get political

Millennials and global consumers push U.S. companies to get political

A push to attract young and diverse talent and global consumers is behind some of corporate America’s willingness to speak out on politically charged issues, executives and corporate governance experts said.
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CFDA and Swarovski Foundation launch award for innovation in sustainability

CFDA and Swarovski Foundation launch award for innovation in sustainability

The Council of Fashion Designers of America and the charitable foundation run by crystal maker Swarovski have partnered up to launch a $30,000 annual scholarship for fashion students innovating with sustainable systems.
Fashion
Biden proposes $2 trillion "once-in-a-generation" investment in U.S. economy

Biden proposes $2 trillion "once-in-a-generation" investment in U.S. economy

President Joe Biden on Wednesday called for a sweeping use of government power to reshape the U.S. economy and counter China's rise in a $2 trillion-plus proposal that has been met with swift political resistance.
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FashionNetwork.com's daily newsletters will return tomorrow

FashionNetwork.com's daily newsletters will return tomorrow

Due to a serious technical issue, FashionNetwork.com has been unable to deliver our recent newsletters. We are currently working to resolve this issue.
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Japan's retail sales fall for third straight month

Japan's retail sales fall for third straight month

Japanese retail sales fell for the third straight month in February as households kept a lid on expenditure amid the coronavirus emergency, underscoring its fragile economic recovery from last year's slump.
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China potential economic output may grow 5%-5.7% over five years - central bank working paper

China potential economic output may grow 5%-5.7% over five years - central bank working paper

China's potential economic output is expected to grow 5%-5.7% over the next five years, according to a central bank working paper published late on Thursday.
Fashion
India's economic revival to be 'unabated' despite coronavirus surge - RBI chief

India's economic revival to be 'unabated' despite coronavirus surge - RBI chief

A revival in India's economic activity should continue "unabated" despite a recent surge in coronavirus infections in many areas, the chief of the Reserve Bank of India said on Thursday.
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Rocket Internet Growth Opportunities prices IPO at $10 per share

Rocket Internet Growth Opportunities prices IPO at $10 per share

German startup investor Rocket Internet’s tech-focused blank cheque company Rocket Internet Growth Opportunities said on Tuesday it priced its initial public offering (IPO) in New York at $10 per share.
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