BUSINESS

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Shein, the fast-fashion e-commerce giant, is making bold moves to improve its image and expand its presence in Europe and the UK ahead of a potential initial public offering (IPO) in London. The company, known for its ultra-low prices and rapid production model, has pledged to invest 250 million euros ($271 million) over five years in these markets, signaling a shift in strategy as it faces mounting criticism and regulatory challenges.

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AT&T recently announced a significant data breach that impacted a vast majority of its wireless customers. The telecommunications giant revealed that unauthorized parties gained access to files containing call and text message records, raising concerns about customer privacy and data security.

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The International Energy Agency trimmed its forecasts Thursday as it said world oil demand growth continues to slow and consumption in China dipped.

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The founder of US investment firm Archegos, Bill Hwang, was found guilty Wednesday of fraud and market manipulation in a case focused on the fund's 2021 implosion that cost major banks billions of dollars.

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Bob’s Stores, a beloved discount retailer in northeast America, is shutting down after nearly 70 years in business. The company recently filed for Chapter 11 bankruptcy protection and will soon close all 21 of its locations, liquidating its inventory in the coming weeks.