Oil price slides as US and Iran pause fire; cancer treatments help AstraZeneca beat profit forecasts – business live
Rolling coverage of the latest economic and financial newsThe Chinese fast fashion giant Shein reported a $99m (£74.1m) net loss in its first quarter, after the removal of an import duty exemption in the US on small packages triggered a slowdown in sales.The figures were released as part of the company’s pre-IPO paperwork, as it prepares to list on Hong Kong’s stock exchange.US officials, including UN ambassador Mike Waltz, have stressed that all military options remain on the table and that President Trump is simply giving negotiations more space. However, reports from the New York Times and Axios suggest an active debate within the administration over both the effectiveness and costs of further strikes, with some military officials reportedly arguing that key objectives have largely been achieved.
Reported by 1 outlet — The Guardian US. See all sources ↓
Rolling coverage of the latest economic and financial newsThe Chinese fast fashion giant Shein reported a $99m (£74.1m) net loss in its first quarter, after the removal of an import duty exemption in the US on small packages triggered a slowdown in sales.The figures were released as part of the company’s pre-IPO paperwork, as it prepares to list on Hong Kong’s stock exchange.US officials, including UN ambassador Mike Waltz, have stressed that all military options remain on the table and that President Trump is simply giving negotiations more space. However, reports from the New York Times and Axios suggest an active debate within the administration over both the effectiveness and costs of further strikes, with some military officials reportedly arguing that key objectives have largely been achieved. For now, the market is treating the lull as a positive development, although the situation remains highly fluid.The main market risk remains the energy and shipping front. Traffic through Hormuz remains severely disrupted, while the conflict has broadened into the Red Sea, where Iran-backed Houthi forces reportedly launched missile and drone attacks against Saudi energy infrastructure around Jizan and Yanbu over the weekend, prompting retaliatory Saudi strikes.
Read the full report at The Guardian US ↗
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- What's the story?
- Rolling coverage of the latest economic and financial newsThe Chinese fast fashion giant Shein reported a $99m (£74.1m) net loss in its first quarter, after the removal of an import duty exemption in the US on small packages triggered a slowdown in sales.The figures were released as part of the company’s pre-IPO paperwork, as it prepares to list on Hong Kong’s stock exchange.US officials, including UN ambassador Mike Waltz, have stressed that all military options remain on the table and that President Trump is simply giving negotiations more space. However, reports from the New York Times and Axios suggest an active debate within the administration over both the effectiveness and costs of further strikes, with some military officials reportedly arguing that key objectives have largely been achieved.
- How widely is it covered?
- 1 outlet, average source rating 8.0/10.
- When was it last updated?
- 7m ago.
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Oil price slides as US and Iran pause fire; cancer treatments help AstraZeneca beat profit forecasts – business live
Sources1TypeCoverageThe Guardian US