The EU on Thursday told online fashion giant Shein to hand over information on risks linked to illegal products on its site, paving the way for a second probe into the Chinese-founded firm.The European Commission announced the request a day after confirming it was investigating the low-cost e-commerce platform for not abiding by the bloc’s …
Nissan’s board is in the process of abandoning merger talks with Honda and could be open to other partners, a source close to the matter told AFP on Thursday and local media reported.The discussions unravelled after Honda proposed to make its struggling rival a subsidiary instead of the plan announced in December to integrate under …
Honda-Nissan merger talks ‘basically over’: source Read More »
South Korean ministries and police said Thursday they were blocking DeepSeek’s access to their computers, after the Chinese AI startup did not respond to a data watchdog request about how it manages user information.DeepSeek launched its R1 chatbot last month, claiming it matches the capacity of artificial intelligence pacesetters in the United States for a …
South Korea ministries, police block DeepSeek access Read More »
Wall Street stocks forged higher Wednesday, propelled by resurgent optimism about AI while oil prices tumbled on trade war uncertainty and bearish US petroleum inventory data.Shares of Google parent Alphabet took a hit, slumping around seven percent after the company announced plans to spend an eye-popping $75 billion in 2025 on AI development programs.But AI-linked …
Google shares slump but other AI gains lift US stocks Read More »
Shares in Google parent Alphabet slumped on Wednesday as its earnings disappointed investors and it was ensnared in rising trade tensions.Meanwhile, Chinese e-commerce firms took a hit from news that the US Postal Service was suspending inbound parcels from China and Hong Kong, a move that followed tit-for-tat tariffs hikes by Washington and Beijing. The USPS …
Google shares slump as trade tensions rattle markets Read More »
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.The EU action came as the US Postal Service (USPS) briefly suspended inbound parcels from China and Hong Kong, a …
Nissan shares plunged on Wednesday as reports said the struggling Japanese carmaker was walking away from merger talks with rival Honda.The Nikkei business daily and other local media earlier said Honda had proposed making Nissan its subsidiary, instead of the previous plan to integrate under a new holding company.”Strong opposition” within Nissan to this proposal …
Nissan shares fall as reports say Honda merger talks off Read More »
Stock markets mostly fell, the dollar slid and gold hit a record high Wednesday over fears about a trade war between superpowers China and the United States.US tech sector shares also took a beating after earnings from Google-parent Alphabet missed expectations, with Wall Street’s tech-heavy Nasdaq Composite index shedding 0.6 percent.Chinese e-commerce firms took a hit …
Stocks, dollar drop as tariff tensions intensify Read More »
Beijing accused the United States Wednesday of “suppression” after its postal service said it was suspending parcels from China and Hong Kong, a move that could hit e-commerce giants Temu and Shein.Tensions between the US and China have soared in recent days as the world’s two largest economies slapped a volley of tariffs on each …
China slams US ‘suppression’ as trade war deepens Read More »
The US Postal Service (USPS) has said it is temporarily suspending inbound parcels from China and Hong Kong, evoking an angry accusation of “unreasonable suppression” from Beijing on Wednesday. The order follows US President Donald Trump’s imposition of additional 10 percent tariffs on Chinese imports starting Tuesday. Minutes after they took effect, Beijing unveiled new levies on a …
US Postal Service says suspending parcels from China Read More »
