Fast-growing Chinese-owned budget shopping app Temu begins selling in UK, other European countries after US launch last September
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EU Agrees Comprehensive Framework For Crypto Regulation
EU Parliament approves 'Markets in Crypto Act' (MiCA) for regulation of crypto transparency, disclosure, authorisation, and supervision
UK Government To Deliver Crypto Laws In Next 12 Months – Report
Treasury minister says UK could introduce specific laws aimed at regulating cryptocurrency in next 12 months
US Congress Targets China’s Shein, Temu In Latest Backlash
US Congress advisory group singles out popular China-linked fast-fashion apps Shein and Temu over data concerns
Foreign Cash Flows Into China On Alibaba Breakup Plan
Foreign investment in China surges after Alibaba announces breakup plan, as investors see sign of more business-friendly attitude from Beijing
In this age of eCommerce, digital experience must remain central within every retailer’s strategy
Apple Launches Buy Now, Pay Later Service For US
Fintech move for Apple after it launches service to allow consumers in the US to pay for purchases over time
Alibaba Group To Split In Major Restructure
Alibaba Group to split into six independent unit in major restructure following years of intense pressure from regulators
Alibaba’s Jack Ma Returns To China After Year’s Absence
Jack Ma reportedly visits school in Hangzhou after year's absence from mainland China, as regulatory crackdown eases
SEC Charges Celebrities Over Cryptocurrency Endorsements
Lindsay Lohan, Jake Paul and other celebrities charged by the US financial watchdog over cryptocurrency endorsements
Amazon To Cut 9,000 More Jobs
Amazon to cut further 9,000 jobs as it looks to 'streamline' company as uncertain economy follows pandemic hiring spree
Silvergate Bank To Close Down, Amid FTX Aftermath
Lawyers For FTX’s Sam Bankman-Fried Hint At Trial Delay
Legal team for former FTX CEO Sam Bankman-Fried suggest they may need more time to prepare legal defence of their client
Amazon Pauses Construction At Second HQ In Virginia
Construction on the second phase Amazon's HQ2 in Virginia has been paused, amid cost cutting at the e-commerce giant
Former FTX Engineer Pleads Guilty To Fraud Charges
Former engineering director of collapsed cryptocurrency firm FTX has pleaded guilty to six criminal charges, including fraud
Amazon Closes Acquisition Of Healthcare Provider One Medical
After US authorities refuse to challenge acquisition, Amazon closes its $3.9 billion deal for healthcare provider One Medical
Amazon Staff Push Back At Return-To-Office Order
Unhappy Amazon staff reportedly taking to internal websites and comms channels to complain about return-to-office order
Terra Co-Founder Do Kwon Charged By US SEC
Do Kwon, co-founder of the failed TerraUSD cryptocurrency, has been charged by US authorities with fraud, after months on the run
FTX’s Sam Bankman-Fried Bond Backers Revealed
As Sam Bankman-Fried faces questions over his use of a VPN, the identity of the $250 million bond guarantors are revealed
Chinese Version Of TikTok To Expand Food Delivery Service
Chinese version of Tiktok, Douyin, set to expand food delivery trial more broadly across China, capitalising on e-commerce success
Amazon Posts Annual Loss Amid Restructuring
Worse than anticipated earnings for Amazon on Thursday, amid difficulties after pandemic boom and 18,000 job losses
UK Government Details Plan To Regulate Crypto, Post FTX
HM Treasury reveals 'ambitious plans' to protect consumer and businesses by 'robustly regulating cryptoasset activities'
PayPal To Axe 7 Percent Of Workforce
More job losses as PayPal announces plan to lay off 2,000 staff amid “challenging macroeconomic environment”
Charities Criticise Move To Shut Down AmazonSmile
Charities criticise Amazon for surprise decision to shut down AmazonSmile donation programme that it said was 'spread too thin'
Feds Arrest Russian Founder Of Crypto Exchange Bitzlato
Bitzlato crypto exchange founder arrested in US for money laundering, and charged with $700m financial crimes
Bank of England Governor Questions Need For Digital Pound
Not surprising. Crypto critic and Bank of England Governor Andrew Bailey questions need for a digital pound
Amazon Staten Island Union Victory Upheld By Federal Board
Historic trade union victory at at Amazon’s Staten Island warehouse last year has been upheld, but Amazon said it will appeal again
Amazon ‘Fully Committed’ To Alexa Despite Job Losses, Says Hardware Boss
Hardware boss insists Amazon is still committed to its Alexa voice assistant, despite major restructuring and job losses
Amazon To Close Three UK Warehouses
Amazon to close three UK warehouses this year as it plans to lay off 18,000 employees worldwide, following pandemic-era spending spree
Study: Nine In Ten UK Game Sales Went Digital In 2022
Industry figures find nearly nine in ten video game sales were digital downloads last year, amidst pandemic-inspired home entertainment surge