Business and Economy

Business and Economy Latest News

Swedish authorities inspect worksite conditions at steel startup Stegra
Swedish authorities inspect worksite conditions at steel startup Stegra
by  AFP

Officials from several government agencies conducted a surprise inspection of steelmaker Stegra's construction site in northern Sweden Wednesday, following questions about the finances of the low-carbon start-up, police told AFP. As well as the police, representatives from the Swedish Work Environment Authority and the Swedish Tax Agency, were among those who visited the company's Boden site.

Shein opens first permanent store amid heavy police presence
Shein opens first permanent store amid heavy police presence
by  AFP

Paris authorities on Wednesday deployed riot police for the unveiling of Shein's first bricks and mortar store in the world, as controversy swirled over the Asian e-commerce giant's fast fashion and sale of childlike sex dolls online. Just days before the planned opening, a new controversy erupted over the sale of childlike sex dolls on Shein's platform.

German factory orders up but outlook still muted
German factory orders up but outlook still muted
by  AFP

German industrial orders rose in September for the first time in five months, data showed Wednesday, but officials warned geopolitical and supply chain woes meant the outlook remains muted. "The order situation remains fragile in view of the ongoing geopolitical uncertainties and, most recently, uncertainties surrounding the supply situation" for some products, it said in a statement.

Energy

Money

Industry

Technology

Economy