Bloomberg Shein, the Chinese fast fashion giant that’s quickly become the third-most valuable startup in the world, is seeing a reality check with sales growth slowing from the lofty heights of the pandemic, just as it faces mounting pressure to live up to a $100 billion valuation. The online-only retailer of inexpensive clothes, beauty and lifestyle products has become ...

Bloomberg Sweden’s potential Nato entry would lower the risk of a Russian attack, according to a policy report commissioned by parliament that fell short of directly endorsing membership in the defense alliance. The 43-page review concluded that joining the North Atlantic Treaty Organization (Nato) would act as a deterrent, stressing the importance of coordination with neighbouring Finland. Russia, which invaded ...

Bloomberg The UK ramped up its sanctions on Russia, targeting friends and family members it said were helping to prop up President Vladimir Putin’s “luxury lifestyle.” Individuals sanctioned include Putin’s former wife, Lyudmila Ocheretnaya, and Alina Kabaeva, a former gymnast and Chair of the Board of the National Media Group who is alleged to have a close relationship with the ...