US presses G20 to curb trade imbalances and Chinese import pressure
US Treasury Secretary Scott Bessent has urged fellow G20 finance chiefs to take stronger steps to protect their economies from Chinese imports. His remarks came during a two-day meeting in Asheville, North Carolina, where officials were also discussing wider concerns about debt and inflation. The comments placed trade imbalances and industrial policy at the centre of the gathering.Bessent said he had warned trading partners last year that higher US tariffs could push more Chinese goods into other markets. He told the meeting that some economies now needed to take a harder look at how to protect jobs and domestic industries.... [Continue Reading]
360LiveNews | 02 Sep 2026 00:02 LONDON
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France begins fast-fashion penalties targeting Shein and Temu
France has begun imposing penalties on the most extreme end of fast fashion in a move aimed at curbing sales of cheap clothing sold through e-commerce platforms including Shein and Temu. The new charges are being applied under a law passed in June that is designed to address environmental concerns linked to overproduction and textile waste. The policy marks the first application of the regime and places France at the centre of a wider debate over the environmental cost of ultra-low-price online retail.The penalties range from €0.25 for items such as boxer shorts or socks to €12 for a coat,... [Continue Reading]
360LiveNews | 01 Sep 2026 08:06 LONDON
Flooding hits Birmingham as storm warnings cover much of England and Wales
Flooding has affected parts of Birmingham and the wider West Midlands as thunderstorms are forecast across large areas of England and Wales. West Midlands Fire Service said it had been called to significant flooding in the city after a flood warning was issued for the Perry Barr area on Wednesday night because of rising river levels. Birmingham City Council urged people to take care and avoid walking, cycling or driving through flood water.The fire service said it was responding to incidents around Curbar Road, Thornbridge Avenue and Haddon Road. The Environment Agency had issued 22 flood alerts across the Midlands... [Continue Reading]
360LiveNews | 27 Aug 2026 08:02 LONDON
