BUSINESS

EU Quizzes Shein Over 'Illegal' Products

Shein was founded in China in 2012 and is now headquartered in Singapore
The EU on Thursday told online fashion giant Shein to hand over information on risks linked to illegal products on its site, paving the way for a second probe into the Chinese-founded firm.
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The discussions unravelled after Honda proposed to make its struggling rival a subsidiary

Honda-Nissan Merger Talks 'Basically Over': Source

Nissan's board is in favour of abandoning merger talks with Honda but calling them off has yet to be officially decided by executives at the two Japanese carmakers, a source close to the matter told AFP on Thursday.
Around 40 percent of US container traffic passes through the Panama Canal

US Claims Free Passage Through Panama Canal

The United States said Wednesday that its government vessels would sail for free through the Panama Canal following heavy pressure from President Donald Trump, but authorities at the waterway swiftly issued a denial.
Google has dropped initiatives aimed at making its workplace demographics better represent its diverse range of users, citing recent US presidential actions and court decisions

Google Halts Workplace Diversity Push

Google parent company Alphabet has stopped making diversity and inclusion a workplace priority, according to a filing Wednesday with US regulators.
'Individual giving is critical for many international organisations,' said WHO Foundation chief executive Anil Soni

WHO Worker Aims To Raise $1 Bn To Cover US Pullout

When the World Health Organization's top donor the United States announced its withdrawal, one employee launched an online fundraiser to plug the gap -- and her efforts have already raised more than $100,000.
People raise their hands during an interfaith prayer for peace in the Democratic Republic of Congo at a church in Bukavu

M23, Rwanda Troops Launch Fresh East DR Congo Offensive

The M23 and Rwandan forces on Wednesday launched a new offensive in eastern Democratic Republic of Congo, seizing a mining town in South Kivu province, as they resumed their advance towards the regional capital Bukavu.
Toyota said it aims to start production at its new Shanghai electric vehicle plant after 2027

Toyota Announces Lexus EV Plant In Shanghai

Japan's Toyota said Wednesday it will build an electric vehicle plant in Shanghai for its luxury Lexus brand as it raised its annual net profit forecast to almost $30 billion.

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