Category: Foreign News
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Bank of England Holds Interest Rates Amid Narrow Vote, Signals Possible Cut Soon
The Bank of England (BoE) voted narrowly on Thursday to keep borrowing costs unchanged, leaving the Bank Rate at 4.0%. However, signals from Governor Andrew Bailey and the tight 5-4 vote suggest a potential rate cut could follow after the UK government’s budget later this month. BoE Keeps Rates Steady Despite High Inflation The nine-member
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Zalando Expands Sports Focus with German Soccer Federation Partnership
Online fashion retailer Zalando is ramping up its focus on sports apparel as part of a strategy to attract younger consumers and increase its appeal among men. The company announced a new five-year partnership with Germany’s DFB national soccer federation while reporting strong third-quarter growth, driving shares up nearly 10%. Zalando Reports Strong Third-Quarter Growth
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France Moves to Suspend Shein Amid Sex Dolls and Weapons Controversy on First Paris Store Opening
France has initiated proceedings to suspend the operations of Chinese fast-fashion retailer Shein in the country following the discovery of child-like sex dolls and banned weapons on its online marketplace. The announcement coincided with the opening of Shein’s first physical store in Paris, located in the historic BHV department store, sparking public outrage and political
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France Pushes EU to Investigate Shein Over Sale of Sex Dolls and Banned Weapons
The French government has intensified pressure on the European Union to launch a formal investigation into Chinese online fast-fashion giant Shein. The move comes amid growing concerns over the company’s sale of child-like sex dolls and illegal weapons through its online marketplace. France Moves to Ban Shein Over Illicit Products On November 5, 2025, France
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Tesla Shareholders Set to Vote on Record $878 Billion Musk Pay Package and Other Key Proposals
SAN FRANCISCO / AUSTIN, TEXAS – Tesla (TSLA.O) shareholders are set to vote Thursday on a proposed pay package that could make CEO Elon Musk the highest-paid executive in history, potentially earning up to $878 billion if ambitious company milestones are met. The vote takes place at Tesla’s Austin factory during the annual general meeting,
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Germany’s BaFin Imposes Record $52 Million Fine on JPMorgan Over Money-Laundering Lapses
FRANKFURT – Germany’s financial regulator, BaFin, has handed JPMorgan SE its largest-ever penalty, fining the Frankfurt-based bank €45 million ($52.5 million) for deficiencies in money-laundering prevention. The fine relates to historical shortcomings in the bank’s filing of suspicious activity reports (SARs) between October 2021 and September 2022. Details of the Fine BaFin stated that JPMorgan
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Starbucks Union Workers Vote to Authorize Strike Amid Contract Dispute Ahead of Holiday Rush
Unionized workers at Starbucks Corp have voted to authorize an open-ended strike, potentially impacting the coffee giant’s busiest holiday season, according to a statement released Wednesday by Starbucks Workers United. The union said strike actions could begin as early as November 13, Starbucks’ popular Red Cup Day, if a contract agreement is not reached. Workers
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White House Limits Press Access to Press Secretary’s Office, Citing Security Concerns
Key Takeaways: WASHINGTON, Oct 31 (Reuters) — The White House has introduced a new rule restricting access for credentialed journalists to the office of Press Secretary Karoline Leavitt and other senior communications officials in the West Wing. The policy, effective immediately, requires reporters to schedule an appointment before entering Room 140, also known as “Upper
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Trump Urges Xi Jinping to Free Jailed Hong Kong Media Mogul Jimmy Lai, Sources Reveal
U.S. President Donald Trump directly pressed Chinese President Xi Jinping to release Hong Kong media tycoon Jimmy Lai during a recent bilateral meeting in South Korea, according to multiple informed sources and a U.S. official. The closed-door meeting, held on the sidelines of the APEC summit in Busan, saw Trump briefly advocate for Lai’s freedom,
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Trump Urges Xi Jinping to Release Jailed Hong Kong Media Tycoon Jimmy Lai, Sources Say
U.S. President Donald Trump directly appealed to Chinese President Xi Jinping to release imprisoned Hong Kong media magnate Jimmy Lai during their bilateral talks in South Korea last week, according to multiple sources familiar with the meeting. Three individuals briefed on the exchange confirmed that Trump raised Lai’s case, focusing on concerns about the 77-year-old
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