Latest news with #Chinas
Eyewitness News
9 hours ago
- Sport
- Eyewitness News
Wheelchair tennis ace Kgothatso Montjane makes it to the Roland Garros semi-finals
JOHANNESBURG – Wheelchair tennis star Kgothatso Montjane booked her spot in the semi-finals at the French Open at Roland Garros in Paris on Thursday. Montjane defeated Chinas Ziying Wang 6-2, 6-4 to secure her spot in the semi-finals, where she will take on Dutch second seed Aniek van Koot. READ: Wheelchair tennis star Kgothatso Montjane makes it to the Roland Garros quarter-finals Montjane will be back on the court for doubles action later on Thursday alongside Japan's Yui Kamiji, the pair will face off against Ksenia Chasteau (FRA) and Diede De Groot (NED). The five-time Paralympian was last at Roland Garros at the 2024 Paris Olympics Games, where she had to withdraw due to personal issues. She reached the semi-final at the French Open in 2013, 2021 and 2022
Time of India
14 hours ago
- Business
- Time of India
China's Shein faces same complaint in Europe that Indian government has gone after Flipkart, Amazon, Zomato and other online companies for
The pan-European consumer organization BEUC has reportedly lodged a complaint with the European Commission, accusing Chinas fast-fashion giant Shein of employing "dark patterns" to manipulate shoppers into spending more on its app and website. These deceptive user interface tactics, designed to mislead consumers into unintended purchases, mirror practices the Indian government has been urging its e-commerce sector to regulate. Incidentally, these are the same Dark patters that Indian government have been telling ecommerce players in the country to follow guidelines on. What are Dark Patterns in online shopping Dark patterns are deceptive user interface designs that mislead or manipulate consumers into making unintended choices. These practices erode consumer trust, distort fair market dynamics, and pose a serious threat to the integrity of digital commerce. What BEUC report says on Dark Patterns Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm According to a report by Reuters, Dark patterns, such as pop-ups pressuring users not to leave the app, countdown timers creating urgency to buy, and infinite scroll features, were highlighted in BEUC's report as "aggressive commercial practices." The organization also criticized Shein's use of frequent notifications, noting one phone received 12 alerts in a single day. These methods, BEUC argues, erode consumer trust and distort fair market dynamics. 'For fast fashion, volume is key, and these dark patterns are engineered to drive mass consumption,' said Agustin Reyna, BEUC's director general, in an interview. He questioned whether Shein would have sufficient incentive to eliminate these practices, given their impact on sales. Shein responded, stating it is 'working constructively with national consumer authorities and the EU Commission to demonstrate compliance with EU laws.' The company noted that BEUC declined its request for a meeting. Shein's gamification strategies, like the 'Puppy Keep' game, where users feed a virtual dog to earn points for discounts, further encourage frequent app engagement but risk penalizing users who don't log in daily. The complaint, backed by 25 BEUC member organizations across 21 countries, including France, Germany, and Spain, also called for broader investigations into other mass-market clothing retailers using similar tactics. Last month, the European Commission warned Shein of potential fines for breaching EU consumer laws, while EU tech regulators are scrutinizing its compliance with online content rules. Guidelines on Dark Patterns in India Meanwhile, in India, Union Minister for Consumer Affairs Pralhad Joshi recently addressed dark patterns at a high-level stakeholder meeting. The meeting included major e-commerce players like Amazon, Flipkart, Swiggy, Zomato, and Reliance Retail, among others, to discuss stronger measures against these manipulative practices. The Indian government has been pushing e-commerce platforms across sectors like food, travel, and retail to adhere to guidelines curbing dark patterns, signaling a global crackdown on such tactics. BEUC's action follows a similar complaint against Shein's rival, Temu, as both platforms gain popularity in Europe through apps offering discounts and gamified shopping experiences. The growing scrutiny underscores rising concerns about the integrity of digital commerce worldwide.
Business Standard
4 days ago
- Business
- Business Standard
Dollar index sinks below 99 mark amid renewed US-China tariff tensions
The US dollar index sank under 99 mark on Monday amid renewed trade tensions between the United States (US) and China after the US President Donald Trump claimed on Friday that China had violated their trade agreement. In a counter statement on Monday, Chinas Ministry of Commerce said the US had seriously undermined the agreement reached during Geneva talks in May, where both nations agreed to significantly lower tariffs on each other's goods. If the US persists in its unilateral approach and continues to harm China's interests, China will resolutely take strong measures to safeguard its legitimate rights and interests, the MOFCOM spokesperson noted. The dollar also weakened after President Donald Trump announced on Friday that the US will double tariffs on steel imports to 50% starting June 4. The dollar index that measures the greenback against a basket of currencies is quoting at 98.63, down more than half a percent. Among basket currencies, EURUSD and GBPUSD are staying elevated by more than 0.6% at $1.1446 and $1.3554 respectively. Meanwhile, investors now await Powell speech and US ISM Manufacturing PMI for May for further cues.
Yahoo
23-05-2025
- Business
- Yahoo
Nvidia (NVDA) Hits Reset as Cloud Spending Slows
Nvidia (NVDA, Financials) is switching gears. With cloud giants like Microsoft (MSFT, Financials) and Google tightening the purse strings, Nvidias no longer betting only on mega AI builds. Warning! GuruFocus has detected 3 Warning Sign with MSFT. CEO Jensen Huang just rolled out NVLink Fusiontech that lets outside chips link up with Nvidias platform. Its a smart hedge: stay relevant, even when the big checks slow down. Hes also targeting regular businesses now, not just tech titans. Think: new servers built for the rest of us. Meanwhile, Chinas getting tougher. U.S. export limits mean Nvidia is selling weaker chips thereand losing ground. Sure, Nvidia has closed some giant AI deals in the Gulf. But analysts say those are exceptions, not the norm. Behind the scenes, Taiwans still doing the heavy lifting. Solomon Technology stock popped 241% after Huang gave it a shoutout. Thats how tight the partnership runs. Huangs not sweating the slowdown. He says AI demand is still strongthis is just a breather. Still, selling to businesses takes time. Its not the same as landing one massive government contract. His stop in Taiwan for Computex? Its Nvidia doubling down on its alliesbecause geopolitics arent getting easier. This article first appeared on GuruFocus.
Yahoo
23-05-2025
- Business
- Yahoo
Nvidia (NVDA) Hits Reset as Cloud Spending Slows
Nvidia (NVDA, Financials) is switching gears. With cloud giants like Microsoft (MSFT, Financials) and Google tightening the purse strings, Nvidias no longer betting only on mega AI builds. Warning! GuruFocus has detected 3 Warning Sign with MSFT. CEO Jensen Huang just rolled out NVLink Fusiontech that lets outside chips link up with Nvidias platform. Its a smart hedge: stay relevant, even when the big checks slow down. Hes also targeting regular businesses now, not just tech titans. Think: new servers built for the rest of us. Meanwhile, Chinas getting tougher. U.S. export limits mean Nvidia is selling weaker chips thereand losing ground. Sure, Nvidia has closed some giant AI deals in the Gulf. But analysts say those are exceptions, not the norm. Behind the scenes, Taiwans still doing the heavy lifting. Solomon Technology stock popped 241% after Huang gave it a shoutout. Thats how tight the partnership runs. Huangs not sweating the slowdown. He says AI demand is still strongthis is just a breather. Still, selling to businesses takes time. Its not the same as landing one massive government contract. His stop in Taiwan for Computex? Its Nvidia doubling down on its alliesbecause geopolitics arent getting easier. This article first appeared on GuruFocus.
