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US Fed's favored inflation measure remains unchanged in April
US Fed's favored inflation measure remains unchanged in April
by  AFP

The US Federal Reserve's favored measure of inflation remained unchanged in April, according to government data published Friday, as services prices remained elevated. The data published Friday also show that personal income eased to 0.3 percent last month, the Commerce Department said, down slightly from 0.5 percent in March.

Chinese shopping app Temu faces stricter EU safety rules
Chinese shopping app Temu faces stricter EU safety rules
by  AFP

Chinese shopping app Temu will have to comply with stringent new safety rules after Brussels on Friday added the company to its list of digital firms big enough to face curbs. Last month, the EU added Chinese-founded online retailer Shein to its list of platforms that must comply with the DSA's stricter rules. raz/ec/lth

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