America Can't Afford a Harris Presidency

New research from Jim Rickards - former advisor to the CIA - reveals shocking predictions about an "Election Meltdown" coming this November. Jim's showing all American patriots why an "Election Meltdown" could crash stocks by 50%, lead to the final demise of the dollar, even cause violent riots in the streets.

Shein faces scrutiny in Italy over possible greenwashing

HALELUYA HADERO
September 25, 2024

Italy's antitrust watchdog is investigating the online fast fashion giant Shein for potentially making misleading claims about its sustainability practices.

The country's independent competition authority said in a statement that the greenwashing probe would focus on Infinite Styles Serves Co. Limited, a Dublin-based company that does business as Shein and operates the online retailer's website and app.

Shein was founded in China but is now based in Singapore. It has had a meteoric rise in the world of retail, fueled by a business model that allows it to churn out apparel based on real-time demand and deliver it directly to customers from factories primarily located in China.

That has helped the company offer products for ultra-low prices and attract shoppers who can go on its website to buy $11 sweaters, $2 cellphone cases and other products from a quickly updated assortment of items.

But Shein's critics have long argued the company's practices encourage overconsumption and environmental waste, problems which the retailer has said it is working to combat.

However, Italian officials are accusing the company of misleading consumers with claims about the environmental sustainability of the clothing it sells. Environmental organizations have alleged such deceptive practices, known as greenwashing, occurs across the corporate world.

Italy's anti-trust authority, whose abbreviated name in Italian is AGCM, alleges that some of the environmental references on Shein's Italian website are deceptive or omit information. Images promoting Shein's clothing as sustainable are also done "through generic, vague, confused and /or misleading environmental assertions," the authority said in its statement.

In particular, the watchdog cited information from Shien's "evoluShein" collection, which it said may have misled consumers into thinking the clothes they bought from the collection could be recycled.

AGCM also alleged that the stated commitment to decarbonization featured on Shein's website were in "apparent contradiction" with the increases in greenhouse gas emissions that Shein included in its sustainability reports for 2022 and 2023.

The online retailer said it would cooperate with the Italian investigation.

"We would also like to take this opportunity to reaffirm our commitment to complying with the laws and regulations in the markets where we operate and to maintaining transparency with our customers," Shein said in a statement.

Shein has been facing challenges elsewhere in Europe. Critics and advocacy groups such as Amnesty International UK have opposed the company's possible listing on the London Stock Exchange due to labor and environmental concerns.

Continue Reading...

Popular

Elon Musk Laughs At The Idea Of Dick Cheney Supporting Kamala Harris For President

Elon Musk humorously commented on the recent endorsement of Kamala Harris by George Bush Jr.-era former Vice President Dick Cheney.

Why We Just Sold Half of Our Stocks - Ad

We've already sold all or part of 52 different stocks this year - more than any other period in our firms' history. That's because there are five cracks forming below this market that threaten us with a widespread collapse. We could see the market tumble by 50% and unemployment will triple.

Top 3 Health Care Stocks That May Explode This Month

The most oversold stocks in the health care sector presents an opportunity to buy into undervalued companies.

California sues ExxonMobil and says it lied about plastics recycling

SAN FRANCISCO (AP) — California sued ExxonMobil Monday, alleging it deceived the public for half a century by promising that recycling would address the

Sell This Stock Before Election Day - Ad

Since the AI investing trend kicked off last year, the line between U.S. politics and the U.S. stock market has never been thinner. One 50-year Wall Street is stepping forward to warn of a dramatic market event that could rock the U.S. stock market before Election Day.

Elon Musk Comments On Why They Want To Kill Trump, DeSantis Promises Florida's Own Probe

A second assassination attempt on Donald Trump was foiled by the U.S. Secret Service while he was golfing in Florida, with political figures from both parties condemning the incident and reaffirming the importance of denouncing political violence.

Elon Musk has often inflamed politically tense moments, raising worries for the US election

NEW YORK (AP) — Hours after an on Donald Trump's life over the weekend, took to his social platform X to post a thinking emoji and a comment that “no one is even trying to assassinate” the Democratic president and vice president.

U.S. Loses to China in Shocking WAR GAMES - Ad

Pentagon says new "living missile" key to winning a future conflict. Investors stand to reap 35,960% on shares of the small defense contractor that makes powerful new weapon.

Before you sign up for a store credit card, know what you're getting into

NEW YORK (AP) — When Mykail James was 19 and working a holiday job at Victoria's Secret, she took out a store credit card with a $2,000 credit line.

Betting on elections threatens confidence in voting and should be banned, US agency says

ATLANTIC CITY, N.J. (AP) — Allowing people to bet on the outcome of poses a great risk that some will try to manipulate the betting markets, which could cause more harm to the already fragile confidence voters have in the integrity of results, according to a federal agency that wants the bets to be banned.

Seven Unknown AI Stocks That Could Dominate the Next Six Years - Ad

The original "Magnificent Seven" stocks generated 16,800% over the last 20 years. But now a new set of AI stocks is set to take over. Alex Green dubs them "The Next Magnificent Seven." And he's arguing that just $1,000 in each could turn into more than $1 million in less than six years.

Australian police infiltrate encrypted messaging app Ghost and arrest dozens

MELBOURNE, Australia (AP) — Australian police said Wednesday they have infiltrated , an encrypted global communications app developed for criminals, leading to dozens of arrests.

New Token Poised for Breakout as "Defi 2.0" Takes Off - Ad

Revealed: The #1 DeFi Coin Driving Financial Revolution. Experts hail this as the cornerstone of the new decentralized finance era. While Bitcoin dominates headlines, this governance token is quietly reshaping lending markets. Experts suggest accumulating before institutional money flows in.

Biggest Risk For US Autos? Biden Advisor Outlines Steps To Counter Chinese Influence On The Industry

Lael Brainard discusses U.S. auto industry strengths and risks posed by China. Biden's administration is taking steps to combat risks and ensure American-made EVs and protect national security.

Thousands of exploding devices in Lebanon trigger a nation that has been on edge for years

BEIRUT (AP) — Chris Knayzeh was in a town overlooking Lebanon's capital when he heard the rumbling aftershock of the blast. Hundreds of tons of haphazardly stored ammonium nitrates had exploded, killing and injuring thousands of people.

Don't Wait for FDA Approval - Ad

Biotech stocks are booming in 2024, but picking winners is tough--most drugs face a decade-long FDA approval process. However, a special FDA signal has led to stock spikes 97% of the time. Now, I believe one drug company is on the verge of getting this FDA signal.

Death toll rises to 32 after methane leak causes explosion at eastern Iran coal mine, state TV says

TEHRAN, Iran (AP) — A methane leak sparked an explosion at a coal mine in eastern , killing at least 32 people and injuring 17 others, Iranian state media reported Sunday. Another 18 miners are believed to be trapped inside.

Vista, Blackstone buying software maker Smartsheet for about $8.4 billion

Private equity firms Vista Equity Partners and Blackstone are buying software maker Smartsheet for approximately $8.4 billion in cash.

Could Elon Musk's New Device Save Us from A.I. Apocalypse? - Ad

A strange new era for mankind is upon us... And it's all thanks to Elon Musk's latest creation. So he invented this strange new device to protect us against that A.I. threat. See this strange device you could be wearing some day.

Motel 6 sold to Indian hotel operator for $525 million

The budget motel chain Motel 6 is being acquired by the parent company of Oyo, a hotel operator based in India.

Exposed: Democrats' Secret Plan to Keep Trump Out of the White House - Ad

Former advisor to the CIA, the Pentagon and the White House Jim Rickards just released this shocking new video exposing Democrats' secret plan to keep Trump out of the White House... Even if he wins the election. See the details and learn how to prepare... Because this could trigger the biggest constitutional crisis in our nation's history.

What's Going On With Hawaiian Electric Shares On Thursday?

Hawaiian Electric Industries is issuing shares worth $250M through agents like Wells Fargo and Barclays.

Collect 10%+ Dividends From AI's Explosive Growth? - Ad

This one-of-a-kind fund is set to pay out a tsunami of profits to shareholders... Giving you the chance to collect 10%+ dividend yields, year after year! In his brand-new "AI Income Playbook," Marc Lichtenfeld gives you the full scoop on this breakthrough fund... Including its name, ticker symbol, and profit potential.

What to Stream: Clooney & Pitt, Will & Harper, a Legend of Zelda game and two Ryan Murphy TV series

What Ellen DeGeneres says is her last comedy special landing on Netflix and George Clooney and Brad Pitt starring in a sleek, New York City caper are some of the new television, films, music and games near you.

Red-Hot AI Stock "Disappearing" Soon? (Get In Now) - Ad

Right now, there's an AI stock on the verge of being snapped up by a giant company... And when it does, its price could go flying. The potential gains could be astronomical. You want to get in before that happens... Otherwise the opportunity could pass you by. Your window to buy in is right now...

Faulty component could have caused "extensive damage" to Cathay Pacific jet, report finds

HONG KONG (AP) — Hong Kong’s air safety authority said Thursday that a defect in an engine component of a Cathay Pacific Airways Airbus A350 that caused a fire, forcing a Zurich-bound flight to return to Hong Kong, could have caused “extensive damage” to the aircraft.

Bill Gates Laughs Off Wild 'Reptilian' Conspiracy Theory In New Netflix Series, Says 'I'd Feel Bad If I Was Doing That'

Bill Gates addresses various conspiracy theories in his new Netflix docuseries, "What's Next? The Future with Bill Gates," while his daughter, Phoebe Gates, warns about online misinformation.

Don't Tell ANYONE About This Altcoin (Until It Pops)... - Ad

Quiet now! This governance token could be the sleeping giant of the crypto world... In the next bull market, this "DeFi 2.0" powerhouse might soar 10x... 50x... perhaps even 100x.

Man Who Called Nvidia at $1.10 Says Buy This Now... - Ad

In 2004, a man predicted Nvidia's rise. Now, he says a new company, which IPO'd in 2023, could soar like Nvidia. It signed a major deal with Apple for its AI tech in iPhones and iMacs. Could it be the next trillion-dollar company? See why he believes it's among "The Next Magnificent Seven."

Invitation Homes agrees to pay $48 million to settle claims it saddled tenants with hidden fees

The nation’s largest owner of single-family homes for rent has agreed to pay $48 million to settle claims by the Federal Trade Commission that it reaped millions of dollars via deceptive business practices, including forcing tenants to pay undisclosed fees on top of their monthly rent.

5 Stocks That Could Triple in a Week - Ad

What if I told you that I have a system that has detected when these tiny stocks are on the verge of exploding... And what if I told you my system has targeted 5 new stocks that could triple as early as next week? Pay just $5 for a full year of Stealth Trades before this deal disappears!

How small businesses can recover from break-ins and theft

Break-ins and thefts can happen at any small business, no matter how tight the security.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright technicaltrading.org
Privacy Policy | Terms of Service