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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The Mexican peso has come under pressuer against the dollar after Donald Trump said he would impose stiff tariffs on imports from the country

Stock Markets Close Out Turbulent Week With Gains

European and Asian stock markets mostly rose Friday, the end of a week beset by volatility after China's DeepSeek unveiled an artificial intelligence model to rival those of US tech giants.
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.
Home office work

Revenge Quitting: Is The New Trend Threatening Australian Workplaces?

A quick scroll through TikTok reveals a growing number of videos from younger workers who have quit what they label "toxic" jobs. These videos often highlight feelings of dissatisfaction, while some document the exact moments leading up to their resignation.
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.
Illustration shows Artificial Intelligence words

DeepSeek AI Surges To The Top Of US App Store, Overtaking ChatGPT

The rapid success of DeepSeek has particularly piqued interest due to two main factors: cost-effectiveness and the ability to operate on lower-capability chips, which contrasts with the high resource demands of many leading AI systems.
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.
Monte dei Paschi says its takeover of Mediobanca would create 'a new national champion'

Italy's Monte Dei Paschi Bids 13.3 Bn Euros For Mediobanca

Italian bank Monte dei Paschi di Siena said Friday that it was launching a bid for its larger rival Mediobanca, a potential 13.3 billion euro ($13.9 billion) deal that could help reshape the country's banking sector.

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