Asos, Boohoo and Asda investigated over green claims

The UK’s competition watchdog is investigating Asos, Boohoo and Asda over claims about the sustainability of their fashion products.

If the firms are found to have made misleading claims, the Competition and Markets Authority (CMA) said it would not hesitate to take action.

Concerns include the use of vague language which may suggest collections are greener than they actually are.

Asos said it was committed to providing clear and accurate information.

The online fast fashion firm added that it was “committed to playing its part in making fashion more sustainable” and was cooperating with the investigation.

The other two companies have been contacted for comment.

The CMA’s move is part of an ongoing investigation into potential “greenwashing”, when firms brand something as sustainable when this is not the case, and follows concerns about the way the companies’ products are being marketed as eco-friendly.

An initial review in January identified concerns … Read more

Techs Sinks Hang Seng More than 2%

Hong Kong’s Hang Seng index fell more than 2% on Friday as tech stocks came under pressure.

In Japan, the Nikkei 225 retreated 13.84 points, or 0.1%, to 27,801.64.

Japan’s industrial output jumped 8.9% in June from the previous month, the ministry of economy, trade and industry said Friday. The print surprised to the upside after falling in May.

The Japanese yen strengthened sharply against the greenback on Friday, after weakening for months as central bank policy in Japan diverged from the U.S. Federal Reserve’s.

The yen last traded hands at 132.81 per U.S. dollar.

In Hong Kong, the Hang Seng index tumbled 466.17 points, or 2.3%, to 20,156.51. The Hang Seng Tech index dropped 5.4%.

Hang Seng heavyweights Alibaba fell 7% and Meituan dropped 7.2%. Alibaba is on track for a third straight session of losses following news earlier this week that several Ant Group executives have stepped down … Read more

Buoyant NatWest to return billions to shareholders

NatWest is to return £2.1 billion to shareholders and has revealed a surprise increase in profits despite worries about Britain’s inflation-fuelled cost of living crisis.

The high street bank said it had been buoyed by rising interest rates during the first six months of the year, which helped its revenues to climb to £6.2 billion from £5.1 billion in 2021.

Pre-tax operating profits in the period climbed to £2.6 billion, up from £2.3 billion a year earlier and surpassing City analysts’ expectations of a fall to £2.2 billion.

In a further fillip for investors, the lender also announced a bumper cash return. It will hand back £364 million through a 3.5p-a-share ordinary interim dividend, and then a further £1.75 billion by way of a special payout of 16.8p per share and a share consolidation.

A big proportion of this cash will go to the government, which still owns 48 per … Read more

Where to Sell CS: GO Skins in 2022?

Selling skins in CS: GO has always been of interest to users of this game. There’s a huge number of weapons available, so through CS: GO, it is possible to earn money with the right sale. But at the same time, the ability to sell CS: GO skins and receive real money is not possible on all trading platforms.

Only some sites allow you to make a quick transaction and withdraw the money earned to an electronic wallet or credit card.

To implement a deal in CS: GO, you need to find a marketplace where sales are quick and at competitive prices. You want to invest your money properly and profitably, and not just to get rid of unnecessary weapons.

Proposals must be:

  • safe;
  • secure;
  • fast;
  • with a lot of withdrawal methods.

Take this into account before you start selling.

Which Platform Should You Choose?

Many will say that Steam … Read more