LONDON (AP) — Chinese online retailer Temu was accused by European Union watchdogs this week of failing to prevent the sale of illegal products on its platform. The preliminary findings follow an investigation opened last year under the bloc’s Digital Services Act. It’s a wide-ranging rulebook that requires online platforms to do more to keep [...]
NEW YORK (AP) — When Amrita Bhasin, 24, learned that South Korean products might be subject to a new American import tax, she decided to stock up on Korean brand sheet masks she uses a few times a week. “I did a recent haul to stockpile,” she said. “I bought 50 in bulk, which should [...]
LONDON (AP) — Britain’s antitrust watchdog has proposed labeling Google’s and Apple’s mobile ecosystems with “strategic market status,” which would mandate changes at the Big Tech companies to improve competition. The Competition and Markets Authority’s announcement follows separate investigations it opened at the start of the year into Google’s Android and Apple’s iOS, using newly [...]
WASHINGTON (AP) — President Donald Trump has announced a trade framework with Japan, placing a 15 percent tax on goods imported from that nation. “This Deal will create Hundreds of Thousands of Jobs — There has never been anything like it,” Trump posted on Truth Social, adding that the United States “will continue to always [...]
WASHINGTON (AP) — Congress is considering new safeguards for the organ transplant system after a federal government investigation found a Kentucky group continued preparations for organ donation by some patients who showed signs of life, officials told Congress this week. While the organ removals were canceled, near misses that some lawmakers called horrifying should never [...]
The Wendy’s Company has named Pete Suerken president, United States, effective July 23. Suerken will report to interim Chief Executive Officer Ken Cook and serve on the Wendy’s senior leadership team, according to a news release. He succeeds Abigail Pringle, who has served as president, U.S., since 2024 and will depart the company to pursue [...]
NEW YORK (AP) — As the stock market pushes into record territory and some companies trade at lofty levels, investors are once again looking for bargains among some of Wall Street’s beaten down companies. The latest so-called meme stocks include doughnut maker Krispy Kreme, camera maker GoPro and plant-based meat maker Beyond Meat. The gains [...]
WASHINGTON (AP) — OpenAI CEO Sam Altman this week warned the financial industry of a “significant impending fraud crisis” because of the ability of artificial intelligence tools to impersonate a person’s voice to bypass security checks and move money. “A thing that terrifies me is apparently there are still some financial institutions that will accept [...]
LOS ANGELES (AP) — Dr. Patrick Soon-Shiong, the billionaire owner of the Los Angeles Times since 2018, said this week that he intends to take the newspaper public in the coming year. During an interview on “The Daily Show With Jon Stewart,” Soon-Shiong said the move would allow the Times “to be democratized and allow [...]
The U.S. Court of Appeals this week denied an appeal by The Associated Press for a hearing on its efforts to restore full access to cover presidential events, not ending its case but allowing the White House to continue its control over access to President Donald Trump. The news outlet wanted the court to overturn [...]