Shein IPO raises fresh questions on alleged forced labor in supply chain

As China-founded e-commerce behemoth Shein moves to list in New York, U.S. lawmakers are again calling on it to prove that forced labor is not used to make its $5 t-shirts and $10 sweaters.

Shein confidentially filed for an initial public offering on Monday and could launch sales of its shares some time in 2024. The Singapore-based company has not determined the size of the deal or …

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Gold slips ahead of key US inflation data; Investors cautious on Fed Policy outlook

Gold prices slipped for the second session in a row on Thursday after the U.S. dollar and Treasury yields inched higher ahead of forthcoming key inflation data, which could clarify the Federal Reserve’s interest rate plan. Investors are bracing for potential surprises that could force the Fed to recalibrate its monetary policy outlook. 

The spot gold was down 0.4% trading…

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