Vinted, the Lithuanian app that lets users buy and sell pre-owned clothes and accessories, was valued this week at 3.5 billion euros ($4.2 billion), not far below more established European retailers such as Hugo Boss and Sports Direct owner Frasers Group. The Vinted fundraising underlines the current vogue for vintage and secondhand apparel — including anything from bootcut jeans to ...

Hong Kong’s cozy all-male boards have been put on notice. Rules that could become effective within months will force them to appoint at least one woman director. It’s an overdue change that may go some way to bolstering the city’s dented status as an international financial centre. The territory is an embarrassing laggard in the worldwide trend toward greater gender ...

Inflation is coming. Or wait, it’s already here. Bond investors are looking at the 4.2% annual rate that US consumer prices jumped to in April and wondering if it’s all because of depressed levels from last year. Could it be that the Federal Reserve is wrong about higher prices being transitory? In that case, the Fed and other central banks ...