EU digital chief to talk to tech giants over rules to curb their power
Tech companies and online platforms have lobbied intensively to try to blunt the proposed regulatory rules, which the Internal Market Commissioner Thierry Breton, responsible for digital regulation, will…
China warnings signal Trump’s trade war finally hitting home
Apple, a global technology darling loved for its sleek gadgets, on Wednesday warned of disappointing quarterly revenues because of poor sales in China. On Thursday, privately held grains…
More UK brands add option to pay in international currencies amid Brexit uncertainty
81% of the UK’s top 250 retailers have now added multi-currency solutions, with most of them accepting Euros and USD. This compares to 62% of retailers that offered…
Klarna secures another partnership in bid for retail domination
The Swedish fintech bank has launched a joint payment solution with Wirecard that allows merchants in nine countries to offer Klarna’s services as a payment option.All three Klarna…
Neiman Marcus skips debt payment as potential bankruptcy looms
The Dallas-based company’s decision to skip the payment has put it in default on that obligation, according to a letter sent to the retailer from a bondholder owed…
Shein to invest up to $70 million over the next five years to reinforce supply chain
In addition to the $15 million (13.6 million euros) that the company has already committed to investing in the Supplier Community Empowerment Program (SCEP), Shein has announced that…
Returns surge expected, especially for fashion – Royal Mail report
That’s according to parcels carrier Royal Mail which has dubbed the day Takeback Wednesday. It’s predicting that returns will rise by 80% compared to normal weekday returns traffic…
Fashioning a life behind bars in Panama
Thomas spends eight hours a day in the sewing room, mostly concentrating on embroidery. It goes toward reducing her three-year sentence for dealing drugs.The Cecilia Orillac de Chiari…
Trump’s patience with EU on trade not unlimited, says Ross
U.S. President Donald Trump agreed with European Commission chief Jean-Claude Juncker in July to refrain from imposing tariffs on EU cars while the two sides launched discussions to…
Patagonia, Puma, On, Salomon boost plastic recycling efforts with Carbios
This is a new step for the consortium’s five partners, after the work already carried out by Carbios on packaging recycling. Carbios is able to transform used textiles…