Trump and China Suggest TikTok Deal Could Move Ahead in Vague Statements
The president told reporters Friday that China’s top leader, Xi Jinping, had approved a deal for TikTok. But he also suggested the agreement was a work in progress.
E-Commerce
Temu’s UK operation doubles revenues and pre-tax profits
Super-budget Chinese retailer reports revenues of $63.3m last year, almost double its $32m in 2023Business live – latest updatesThe UK operation of the Chinese online marketplace Temu doubled revenues and pre-tax profits last year, as British consumers…
Debenhams may sell Pretty Little Thing and shut distribution hub
Online fashion seller’s losses widen to £264m as Poundland confirms plans to close up to 150 storesThe online fashion seller Debenhams, formerly known as Boohoo, is considering the sale of its Pretty Little Thing (PLT) brand and the closure of its dist…
B&Q boss urges Reeves to end tax breaks that favour online Chinese rivals
Plea about ‘de minimis’ rule, which has underpinned the rise of the online specialists Shein and TemuRachel Reeves must intervene to assist British retailers by ending an imports tax break that favours Chinese online rivals and rethinking plans for hig…
Women call out ‘creepy’ experiences on Vinted as trolls and image thieves target site
Scrutiny of selling platforms grows as female users warning of harassment on sites after photos stolen and sexualisedUsers of secondhand clothing websites such as Vinted are warning about the danger their images will be used against their will on porno…
George Osborne says UK has been left behind in cryptocurrency boom
Ex-chancellor criticises hesitant approach to crypto and warns country in danger of missing next surge in marketBusiness live – latest updatesThe UK has been left behind in the cryptocurrency boom and is in danger of missing a second wave of demand, ac…
Russia Counters Ukrainian Drones by Turning Off Russians’ Mobile Internet
The same data networks that enable phone apps and web surfing help drones navigate, so officials are imposing daily, patchwork shutdowns. The actions can be very disruptive to daily life.
EU commissioner shocked by dangers of some goods sold by Shein and Temu
Michael McGrath awaits results of secret shopper investigation amid crackdown on Chinese retail platformsThe EU justice commissioner has expressed shock at the toxicity and dangers of some goods being sold by Shein and Temu, amid a crackdown on the pop…
K-Beauty Fans Stock up on Cosmetics After Trump’s Tariff Threat
American consumers of Korean cosmetics and skin-care products are bulk buying, as President Trump threatens 25 percent tariffs on imports.
M&S’s online business should be ‘fully’ operational by end of month, CEO says
Stuart Machin tells AGM retailer hopes to put ‘vast majority’ of cyber-attack chaos ‘behind us’ by AugustBusiness live – latest updatesMarks & Spencer’s online business should be running “fully” within the next four weeks, its boss has said, as the…