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France investigates Shein and Temu after sex doll scandal
Posted onOnline retailers Shein, Temu, AliExpress and Wish are being investigated in France in relation to the offence of enabling minors to access pornographic content on their platforms, the Paris prosecutor said on Tuesday. The country’s consumer watchdog had reported the four firms to the prosecution service on Sunday after raising concerns about the sale of…
Retail sales fall as Black Friday deals fail to lure shoppers
Posted onJosh MartinBusiness reporter Getty Images Retail sales fell unexpectedly in November as Black Friday discounts failed to boost spending, official figures show. Supermarket sales fell for the fourth month in a row, while discounts at retailers across November did not lift Black Friday spending as much as in recent years, the Office for National Statistics…
Bank of England warns of AI bubble risk
Posted onArchie MitchellBusiness reporter PA Media The Bank of England has warned of a “sharp correction” in the value of major tech companies with growing fears of an artificial intelligence (AI) bubble. It said share prices in the UK are close to the “most stretched” they have been since the 2008 global financial crisis, while equity…
