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  • Credit: Nissy-KITAQ / Wikimedia Commons

    H&M sales slip in Q2, but set to recover in June

    Credit: Nissy-KITAQ / Wikimedia Commons

    H&M’s net sales and gross profit slumped last quarter as retail locations closed, though shares rose as June sales showed signs of recovery. Net sales were SE56.71 billion kr (US$5.96 billion), below estimates of 56.96 billion kr, with a 1% net sales increase in local currencies. Gross profit dropped to SE31.43 billion kr, down from 33.57 billion kr one year ago. “The quarter’s result was ne

  • Credit: dylan nolte / Unsplash

    APAC markets mixed as ASX challenges record high

    Credit: dylan nolte / Unsplash

    Asia-Pacific markets traded mixed on Friday as easing tariff concerns from Washington buoyed risk sentiment, while investors assessed fresh economic data from Japan. White House spokesperson Karoline Leavitt downplayed the importance of the upcoming tariff deadline, which weighed on market sentiment. “The deadline is not critical,” she said. “Perhaps it could be extended, but that’s a decision

  • Credit: Scott Graham / Unsplash

    Medicare Levy Surcharge threshold changes to hit Aussies

    Credit: Scott Graham / Unsplash

    With Medicare Levy Surcharge thresholds changing on 1 July, Compare the Market warns those who don’t have private hospital insurance. The Medicare Levy Surcharge, a tax for high-income earners without the appropriate level of hospital cover, currently sees singles earning A$97,000 or $194,00 a family or a couple incurring a surcharge if they don’t hold an eligible private hospital insurance pol

  • Credit: Michael Coghlan / Flickr

    Victorian gambling harm has doubled to $14bn

    Credit: Michael Coghlan / Flickr

    A new report finds gambling harm in Victoria has doubled to $14 billion over the last eight years. The findings come from the Alliance for Gambling Reform and based the figures on the 2022–2023 financial year, an update from the previous report which covered 2014-2015. For problem gamblers, pokies were the main offender, accounting for two-thirds of financial losses. The Social Costs of G

  • Credit: KCNA

    North Korea to open coastal resort in tourism bid

    Credit: KCNA

    North Korea is set to open a new coastal resort to attract international tourism. The nation's leader, Kim Jong Un, opened the Wonsan Kalma Coastal Tourist Area in a tape-cutting ceremony on Thursday, local time, which will open for domestic tourists on 1 July. While there was no mention of a date for foreign tourists, tourism remains one of the few sectors in North Korea that is not under i

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