Fast-fashion giant Shein lowers value to $27bn for Hong Kong IPO

China-based retailer swung to $99m loss in first quarter and faces scrutiny over its environmental footprint Business live – latest updates Shein, which built a fast-fashion empire on what seemed like impossibly low prices, has been forced to lower its own valuation in a cut-price stock market float, after falling into the red earlier this … Read more

Linda McMahon vows crackdown on teachers sexually harassing students: ‘Must end’

Secretary of Education Linda McMahon on Sunday said the federal government is committed to “cracking down” on sexual misconduct involving teachers, staff and other adults in positions of authority in schools across the country. In an interview, McMahon denounced what she described as school districts reassigning, rather than firing, teachers accused of misconduct involving students. … Read more