måndag 16 september 2024

Economy

The oppression of minorities in China
Politicians demand review before Shein's listing

The UK government must ban the import of goods from Chinese e-commerce giant Shein that were made through forced labor in the Xinjiang region of China. This is the opinion of Liam Byrne, the chairman of the British Business Committee, reports the FT.

He wants to see a British version of the US Uyghur Forced Labor Prevention Act, which was created to protect the indigenous Muslim population of Xinjiang.

Shein is now approaching a listing in London at a valuation of $66 billion. The idea was first to list the company in the United States, but the plans were stopped by American authorities.
 
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The tours around Tiktok
Now the Tiktok trial begins in an American court

On Monday, the Tiktok trial begins in the United States and the company's lawyers are the first to argue their case, reports Bloomberg.

The lawsuit comes after President Biden earlier this year signed a bill that would ban the app in the country within a year if Tiktok does not cut ties with the Chinese owner company Bytedance.

Tiktok claims that the law violates freedom of expression, while the Ministry of Justice considers the company to be a security threat.

Michael Forde, lawyer and expert in freedom of expression, believes that the trial will bring several major challenges for the United States.

- When you balance things like rights linked to the constitution, it is very difficult for the government to say: just trust us, this is a serious threat, he tells Bloomberg.

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Averted the Trump act
Trump Media Rises After Assassination Attempt

Media company Trump Media rises in trading on Wall Street. This after the failed assassination attempt on presidential candidate Donald Trump on a golf course in West Palm Beach, Florida.

A 58-year-old man was arrested at the scene and is now suspected of attempted murder.

The Trump Media share rose by double digits on Friday after Trump's announcement that he will not dispose of his holdings in connection with the half-year block being lifted this week, writes TT.

The stock initially rose around 5 percent in pre-trade until Monday, but is now up around 1 percent. Since the peak at the end of March, Trump Media has lost around 77 percent on the stock market.
 

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