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Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
Boohoo will struggle to compete with the likes of Shein, which faces none of the ethical scrutiny British companies rightly do
Online retailer, Boohoo has seen its share price drop by over 21% this morning, after it lowered its financial expectations.
The FTSE 100 jumped at the open after the Federal Reserve accelerated the winding down of its huge stimulus package and paved the way for interest rate rises.
Sales are now forecast to grow by 12-14% or around half the previous guidance of 20-25%