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River Island allowed to shut shops to stave off collapse
Posted onRachel Clun Business reporter, BBC News Getty Images River Island has been given the green light to close 33 stores across the UK after the High Court approved the fashion retailer’s restructuring plans. The High Street brand said a customer shift towards online shopping and higher operating costs had contributed to multi-million pound losses. It…
AOL ends dial-up internet service after more than 30 years
Posted onAOL is shutting down the dial-up service that introduced homes across the US to the internet. The firm’s dial-up offering connects to the internet via a phone line and currently only exists in the US and Canada. Launched more than 30 years ago, AOL dial-up was known for its chirpy whirring start-up sound, but it…
AliExpress gets record €550m fine from EU for allowing sale of illegal products
Posted onChinese online retail giant AliExpress has been fined a record €550m (£467m) by the EU for allowing the sale of illegal products such as unsafe toys and fake clothes. The European Commission said AliExpress has fallen short of its legal obligations “diligently assess” the risk of illegal, unsafe or fake goods on its platform. “The…
Trump’s global tariffs ‘victory’ may come at a high price
Posted onBBC In April Donald Trump stunned the world by announcing sweeping new import tariffs – only to put most on hold amid the resulting global financial panic. Four months later, the US president is touting what he claims are a series of victories, having unveiled a handful of deals with trading partners and unilaterally imposed…
