Google Is Weaving Generative AI Into Online Shopping Features
The technology is designed to help shoppers find the right travel destinations and clothes that better fit their bodies
Bloomberg Business
A Once-Obscure Chinese Startup Overtakes Shein In US
This time last year, hardly anyone in the US knew what Temu was. Now, as American consumers grapple with runaway inflation, the bargain shopping app backed by a Chinese tech company is on a tear, with sales exceeding rival Shein.
EU Plans to Have ECB Set Limits on Use of Digital Euro
The EU’s executive arm will unveil plans for a digital euro that would require the European Central Bank to set limits on its use without proposing specific thresholds on transactions or holdings.
Ukraine Recap: Kyiv Cites ‘Severe Fighting’ as Forces Advance
Ukrainian forces reported “partial success” in a counteroffensive backed by a fresh infusion of arms a day after President Vladimir Putin acknowledged Russian troops lack sufficient advanced weapons.
US Slips in Supply-Chain Ranks After Child-Labor Violations
The US has joined a list of mostly emerging-market countries where ESG supply-chain risks are “high,” after the world’s richest economy failed to provide adequate protections for vulnerable populations including migrant children, according to a fresh study.
Germany Set to Weaken Climate Targets For Dirtiest Industries
Germany is set to water down emissions goals for the most polluting industries, in a move that’s been criticized as another blow to the country’s climate plans.
HSBC Revives French Sale to Cerberus, Agrees to Keep Some Loans
HSBC Holdings Plc has tweaked the terms of a deal to sell its French retail banking business to Cerberus’s My Money Bank, which had cooled on the takeover that was proposed two years earlier due to the rapid rise in interest rates.
House Republicans Escalate Investigation Against Homeland Secretary Mayorkas
House Republicans are escalating their bid to investigate and oust Homeland Security Secretary Alejandro Mayorkas, an effort that will dominate 2024 election messaging but likely cause GOP divisions along the way.
Claure Recruits Ex-SoftBank Executives for Venture Capital Fund
Billionaire investor Marcelo Claure is bringing some former SoftBank Group Corp. colleagues with him to his new Latin America-focused venture capital fund that launched Wednesday following the end of his noncompete clause.
UK Watchdog Pressured to Answer Questions About Odey Probe
The UK’s financial regulator should reveal the extent of its probe into Odey Asset Management following a string of allegations of sexual assault by the firm’s founder, according to the head of Parliament’s Treasury Committee.
