Shein IPO pitched to investors at sub-$30bn valuation

Fast-fashion retailer has suffered a roughly 70% drop in valuation over past four years

The Fed's new chapter runs through Walmart's ex-CEO

He's part of a new data task force for Chair Kevin Warsh.

US backs Australian rare earth miner to cut out China

Sunrise Energy shares soar after Trump administration provides $400mn loan to develop scandium project

How finance groups could help solve Burnham’s social care conundrum

A new system needs to replicate the universal appeal of the NHS without requiring commensurate public-sector spending

UK regulator prepares framework for tokenised gold

FCA is seeking to encourage digitisation of financial markets

New York is having a summer for the ages

No matter the scene — start-ups to restaurants, real estate and even politics — the city has never felt buzzier

The family dispute paralysing one of corporate Italy’s top power brokers

Conflict between Leonardo Del Vecchio’s heirs leaves Delfin in stasis as €55bn group’s portfolio is reshaped by consolidation

China bypasses shipping chokepoints with ‘Ice Silk Road’ through Arctic

First scheduled container service between Europe and Asia will significantly reduce voyage times

Andy Burnham promises to tackle ‘rip-off’ discounts and ‘subscription traps’

New prime minister vows to stop retailers from making misleading ‘pretend prices’ claims to customers

Embattled hedge fund Situational Awareness invests $400M in chip startup Source Foundry

The AI-focused hedge fund is still making some big bets.

Britain needs to redefine what it considers cutting-edge

Burnham should promote a broader conception of advanced manufacturing that goes beyond frontier technologies

US social security could soon be insolvent

But will Congress have the courage to save it?