The logo of Temu, an e-commerce platform owned by PDD Holdings, is seen on a mobile phone displayed in front of its website, in this illustration picture taken April 26, 2023. REUTERS/Florence Lo/Illustration/File Photo Chinese online shopping giants Shein and Temu have changed the face fashion ecommerce in the Europe and US. In the United…
United Kingdom considered an “aquatic raid” on a warehouse in Netherlands in order to seize Covid vaccine AstraZeneca during the height of the pandemic, former and then UK PM Boris Johnson revealed in his memoir ‘Unleashed.’ In his memoir, Johnson said that he “had commissioned some work on whether it might be technically feasible to…
Google and Apple have recently faced major legal defeats in the European Union (EU), highlighting the growing scrutiny of their business practices globally. Both tech giants lost separate court fights in the EU, resulting in billions of euros in fines and potential ramifications for their operations in the region. The setbacks follow a string of…
NEW DELHI: The rush to beat the deadline for higher US tariffs on Chinese goods has aggravated a container shortage in India as several empty ones were shipped to China as its exports to US are getting front-loaded. The Biden administration had announced its decision to impose higher tariffs on several Chinese goods – ranging…
Raymond Lifestyle plans to add 900 stores over the next three years, targeting 12-15% annual sales growth and 18-20% operating profit growth, according to chairman Gautam Singhania. Shares of Raymond Lifestyle, the demerged unit of Raymond, are set to list on the bourses on September 5. Singhania told ET that internal challenges in China and…
MUMBAI: Amid persistent lobbying by Indian diamond houses and trade biggies like DeBeers, the European Union (EU) has deferred the start of a harsher sanctions regime on Russian diamonds by six months, to March 2025. A few other relaxations, like ring-fencing old stocks, announced by the European Commission, the executive arm of the EU, would…
If it’s Belgium, why not India? New Delhi, along with the Indian diamond lobby, have sent across the message to the G7 club as the countdown begins to a sterner sanctions regime on Russian stones, beginning September 1. At a meeting in Brussels last month, the Indian trade body, senior government officials and Indian customs…
NEW DELHI: Slovak Prime Minister Robert Fico’s condition was reported as serious but stable on Saturday, following surgery to remove dead tissue from his gunshot wounds. The man accused of attempting to assassinate him faced his first court appearance on the same day.Fico underwent a two-hour surgery on Friday at the University FD Roosevelt Hospital…
NEW DELHI: Prime Minister Narendra Modi on Thursday spoke to Italian counterpart Giorgia Meloni on the occasion of Italy‘s 79th anniversary of Liberation Day.In a telephone conversation, PM Modi also thanked Meloni for invite to the G7 Summit, which is scheduled to take place in June this year in Italy’s Puglia. The leaders discussed taking…
Under the European Union’s new regulations for online content, known as the Digital Services Act (DSA), adult entertainment platforms Pornhub, Stripchat, and XVideos are required to conduct risk assessments and implement strategies to mitigate systemic risks associated with their services. The European Commission announced these requirements, emphasizing the need for these platforms to adhere to…
