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On Monday, AliExpress, Alibaba’s subsidiary, was slapped with a record-breaking €550 million (US$629 million) fine by the European Union for its failure to address sales of illegal, dangerous and counterfeit items on its platform. This penalty is considered…
AirAsia X, a budget airline based in Malaysia, recently commenced operations on its Istanbul route and has intentions to further extend its long-haul services to Europe in the coming year, according to CEO Benyamin Ismail. This move signifies the airline’s…
Vietnam is making waves in the European Union, with its fruit and vegetable exports booming in recent months. Leading the charge is the mango, which has become a standout success, raking in $27.6 million—an impressive 54% increase. Not far behind is…
The BEUC, a Pan-European consumer organization, has lodged a complaint with the European Commission against Shein, an online fast-fashion retailer. The grievance centers on Shein’s use of “dark patterns”, a series of strategies designed to increase purchases…
Apple’s relationship with the European Union has always been complicated, but the latest set of demands might be the point where the company starts pushing back more aggressively. Under the EU’s Digital Markets Act (DMA), Apple is being asked to open up even…
The European Union has slashed its planned extra tariff on Tesla electric vehicles imported from China by more than half, the bloc’s executive said on Tuesday, following further investigations requested by the company. The European Commission also revised its…
Just recently, Apple rolled out iOS 17.4, introducing big changes to the App Store landscape in the European Union. Why? To comply with the newly adopted Digital Markets Act (DMA). These changes include support for alternative app marketplaces, new business…
In an attempt to avoid a hefty fine and ongoing legal battle with the European Union, Apple is reportedly proposing to open up its near-field communication (NFC) technology, used for tap-and-go payments, to its rivals. This move comes after the European…
Ultra low-cost e-commerce platform Temu, owned by PDD Holdings has started selling to European markets including France, Germany, Italy, The Netherlands, Spain and the United Kingdom. The Temu.com website now shows all of these markets on its location drop…
Switzerland was early to adopt a regulatory framework for digital assets. Now Europe has approved an EU-wide crypto rulebook. The European Parliament is adopting the Markets in Cryptoassets (MiCA) regulation, scheduled to come into force from mid 2024…
European Union ministers warned on Friday that time was running out to resolve differences with Washington over U.S. plans to give tax credits to consumers buying electric vehicles and other green products as long as they are made in North America. The EU…
High inflation in the EU area and geopolitical uncertainties are some reasons why Europeans move assets to Switzerland. Yet as the country drifts further away from Brussels, going after these clients could become more complicated. Swiss banks are not allowed…
The EU parliament has successfully approved a major piece of antitrust legislation targeting tech companies – the Digital Markets Act (DMA). The lengthy bill has a number of implications, but there are three in particular that spell trouble for Apple.…
After ten years the EU has reached a landmark decision to achieve corporate gender equality. The move will put pressure on Swiss companies both in the EU and at home. The EU is introducing a legally binding 40 percent quota for women in non-executive…
For years we have heard talks about the European Union enforcing a common charging port for all phones, even tablets and headphones. Reuters now reports that those talks are probably about to become reality, citing unnamed sources. Oh my – we may finally be…
You may have heard so far that the European Union has been preparing to have a say in how big tech companies like Apple, Google, and Meta operate. We are talking about a legislation dubbed the DMA (Digital Markets Act) which the European Commission has been…
