Business and Economy

Business and Economy Latest News

S. Korea probes Temu over alleged false ads, unfair practices: Yonhap
S. Korea probes Temu over alleged false ads, unfair practices: Yonhap
by  AFP

South Korean regulators are investigating the hugely popular Chinese shopping app Temu on suspicion of false advertising and unfair practices, the Yonhap news agency reported Monday. The South Korean probe report follows similar concerns voiced by regulators and lawmakers in other parts of the world, especially over the firm's use of personal data.

ECB tipped to pause one last time before June rate cut
ECB tipped to pause one last time before June rate cut
by  AFP

Buoyed by falling inflation, the European Central Bank is expected to keep borrowing costs on hold one last time Thursday while laying the ground for a first interest rate cut in June. Like other central banks, the ECB is now weighing the best time to switch gears and support economic growth through lower rates -- without endangering the progress on inflation.

Energy

Money

Industry

Technology

Economy