Latest news with #RosRussell
Business of Fashion
2 days ago
- Business
- Business of Fashion
EU Says Temu in Breach of Rules to Prevent Sale of Illegal Products
The European Commission on Monday said Chinese online marketplace Temu was breaking EU rules by not doing enough to prevent the sale of illegal products through its platform. The EU's findings could ultimately lead to a fine of up to 6 percent of Temu's annual global turnover, the Commission said. 'Evidence showed that there is a high risk for consumers in the EU to encounter illegal products on the platform,' it said in a statement about Temu. 'Specifically, the analysis of a mystery shopping exercise found that consumers shopping on Temu are very likely to find non-compliant products among the offer, such as baby toys and small electronics.' ADVERTISEMENT The Commission said Temu's risk assessment was inadequate as it was based on general industry information, not on the specifics of its platform. It said that if the Commission's preliminary findings were ultimately confirmed, Temu would be found in breach of the Digital Services Act. 'Such a decision could entail fines of up to 6 percent of the total worldwide annual turnover of the provider and order the provider to take measures to address the breach,' it said. Temu can respond to the EU's findings in the coming weeks, an EU spokesperson said, without giving an exact deadline. A Temu spokesperson said the company would continue to 'cooperate fully' with the Commission. The findings relate only to one aspect of a broader ongoing EU investigation into Temu, the Commission said. Temu is also suspected of breaching EU rules relating to the use of addictive design features, the transparency of its recommendation systems and its access to data for researchers. By Bart Meijer; Editor: Ros Russell ADVERTISEMENT Learn more: Temu US Sales Plunge 25% Amid Tariff Barrage Temu's US sales are declining due to significant cuts in advertising spending, a direct consequence of new tariffs, while Shein's sales have begun to recover.
The Star
2 days ago
- Business
- The Star
EU says Temu in breach of rules to prevent sale of illegal products
BRUSSELS (Reuters) -The European Commission on Monday said Chinese online marketplace Temu was breaking EU rules by not doing enough to prevent the sale of illegal products through its platform. The EU's findings could ultimately lead to a fine of up to 6% of Temu's annual global turnover, the Commission said. "Evidence showed that there is a high risk for consumers in the EU to encounter illegal products on the platform," it said in a statement about Temu. "Specifically, the analysis of a mystery shopping exercise found that consumers shopping on Temu are very likely to find non-compliant products among the offer, such as baby toys and small electronics." The Commission said Temu's risk assessment was inadequate as it was based on general industry information, not on the specifics of its platform. It said that if the Commission's preliminary findings were ultimately confirmed, Temu would be found in breach of the Digital Services Act. "Such a decision could entail fines of up to 6% of the total worldwide annual turnover of the provider and order the provider to take measures to address the breach," it said. Temu can respond to the EU's findings in the coming weeks, an EU spokesperson said, without giving an exact deadline. A Temu spokesperson said the company would continue to "cooperate fully" with the Commission. The findings relate only to one aspect of a broader ongoing EU investigation into Temu, the Commission said. Temu is also suspected of breaching EU rules relating to the use of addictive design features, the transparency of its recommendation systems and its access to data for researchers. (Reporting by Bart MeijerEditing by Ros Russell)
The Star
3 days ago
- The Star
Several killed in train crash in Germany, media say, citing security sources
(Reuters) -Several people were killed when a passenger train derailed in southwestern Germany near the town of Biberach, close to the border with France, German media reported on Sunday, citing security sources. Police in Stuttgart, who were cited by media in initial reports of the crash, were not immediately available for comment. A picture published in German media showed carriages had left the tracks and rolled over. (Reporting by Francois MurphyEditing by Ros Russell)
The Star
02-07-2025
- Health
- The Star
South Africa reports H5N1 bird flu on poultry farms, international agency says
PARIS (Reuters) -South Africa has reported outbreaks of the highly pathogenic H5N1 strain of avian influenza, or bird flu, on two poultry farms in the country, the World Organisation for Animal Health said on Wednesday. The outbreaks have killed 1,150 poultry birds, Paris-based WOAH said in a notification, citing South African authorities. (Reporting by Gus TrompizEditing by Ros Russell)
Zawya
19-05-2025
- Business
- Zawya
Saudi Arabia's PIF opens subsidiary company office in Paris
Saudi Arabia's sovereign wealth fund, Public Investment Fund, announced in a statement on Monday the opening of a new subsidiary company office in Paris. "The new office reflects PIF's approach to engaging closely with local partners, leading businesses and institutional investors," the statement said. (Reporting by Tala Ramadan Editing by Ros Russell)
