Bloomberg Business

UBS to Pay $387 Million in Credit Suisse-Tied Archegos Fines

UBS Group AG will pay a total of about $387 million in fines related to misconduct by Credit Suisse Group AG in its dealings with Archegos Capital Management as the new owner of the collapsed Swiss rival starts picking up its legal tab.

H&M Sues Fast Fashion Rival Shein for Copyright Infringement

Fast-fashion retailer Shein is being sued by Hennes & Mauritz AB for copyright infringement in Hong Kong, where the litigation aimed at mitigating the threat posed by its Chinese rival has been underway since 2021.

Panic Buyers Load Up on Rice Supplies as India Bans Exports

India’s move to ban certain rice exports has sparked some panic buying in various countries, with videos on social media showing bags of the staple food flying off the shelves and long lines outside grocery stores.

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