Oil price slides as US and Iran pause fire; cancer treatments help AstraZeneca beat profit forecasts – business live

Rolling coverage of the latest economic and financial news The Chinese fast fashion giant Shein reported a $99m (£74.1m) net loss in its first quarter, after the removal of an import duty exemption in the US on small packages triggered a slowdown in sales. The figures were released as part of the company’s pre-IPO paperwork, as it prepares to list on Hong Kong’s stock exchange. US officials, including UN ambassador Mike Waltz , have stressed that all military options remain on the table and that President Trump is simply giving negotiations more space. However, reports from the New York Times