BUSINESS

EU Seeks New Import Fee On E-commerce Packages

Shein and Temu are suspected by Brussels of not doing enough to prevent the sale of products that do not meet European standards
The European Commission announced Wednesday it would seek to impose new fees on e-commerce imports, as part of efforts to tackle a surge of "harmful" products into the bloc -- the bulk of them from China.
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ByteDance is under pressure to sell the popular video sharing app TikTok

Who Might Buy TikTok In The US?

As the clock ticks down on TikTok's 75-day reprieve from divesting from its Chinese owners or being banned in the United States, several contenders are in the running.
Spotify and the major music company Universal have inked a new deal

Universal, Spotify Ink Multi-year Deal

Universal Music Group, the world's largest music company, and streaming behemoth Spotify on Sunday announced a multi-year direct deal that will affect both recording and publishing royalty rates.
Operation of the chain's 230 stores in Russia was transferred to local management in 2023

Auchan's Russia Unit Dismisses Sale Rumours

The Russian subsidiary of French supermarket chain Auchan quashed rumours of an impending sale on Monday, saying it continued to operate for the benefit of the local population.
Illustration shows Starlink logo and Ukraine flag

Labor Commits AU$3 Billion To Boost NBN In Face-Off With Starlink

The communication minister acknowledged that customers who were unable to access full fiber network speeds were diverting toward Musk's Starlink, which offered speeds of 20-100 Mbps monthly for AU$139/month + AU$599 hardware competing with NBN's fiber speeds (50 Mbps) at AU$105/month.
The Bank of Japan is expected to give the green light to an interest rate hike Friday

Global Stock Markets Build On Trump Rally

Global stock markets rose Friday after a record day on Wall Street in response to US President Donald Trump's tax-cut pledge and his more friendly comments with regard to China.

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