Sunday newspaper round-up: India-Pakistan, Drax group, Shein

(Sharecast News) - Indian Navy ships test-fired missiles on Sunday to demonstrate the country's ability to launch "long-range, precision offensive" strikes. The move follows rising tensions with Pakistan after an attack on civilians at a tourist site in Kashmir. Also at the weekend, Pakistan's railway minister warned that Islamabad's arsenal of over 130 missiles was "not kept as models". - Guardian

Ed Miliband, the Energy Secretary, is being accused of complicity in polluting a town in Mississippi using UK taxpayers' cash. That is because Drax Group's power plant in North Yorkshire used wood pellets sourced in many instances from US forests to generate electricity. The company also receives billions in green energy subsidies from the government. - Financial Mail on Sunday

Consulting giant Alvarez & Marsal believes the business could fetch between $16-18bn if it pursued a stock market listing. At a presentation in Portugal, company executives noted how rival AlixPartners had hired Goldman Sachs to help it sell a stake. One of A&M's patriarchs, Bryan Marsal, believed that fast-growing Alix might fetch $8bn. - The Sunday Times

Shein has hiked its prices for shoppers in the US by as much as 377% in order to compensate for the tariffs imposed on it by Donald Trump. The fast-fashion giant, whose goods come mostly from China, imposed the increases on Friday. As a result, shoppers in the States will have to pay more than twice the amount of British shoppers. - The Sunday Telegraph