AFP Asia Business

France announced Thursday a record 40 million-euro fine against e-commerce giant Shein over “deceptive commercial practices” after a competition inquiry, saying it misled customers on price deals and on its environmental impact.  The French competition and anti-fraud office said the investigation found Shein used “deceptive commercial practices towards consumers regarding… price reductions”, with the fine …

France fines Shein 40 mn euros over ‘deceptive’ sales practices Read More »

Vietnam’s trade deal with the United States averts the most punishing of Donald Trump’s “reciprocal” levies but has provoked new friction between Washington and Beijing.Vietnam has the third-biggest trade surplus with the United States of any country after China and Mexico, and was targeted with one of the highest rates in the US president’s “Liberation …

US-Vietnam trade deal sows new China standoff Read More »

Japan will from January attempt to extract rare earth minerals from the ocean floor in the deepest trial of its kind, the director of a government innovation programme said Thursday.Earlier this week the country pledged to work with the United States, India and Australia to ensure a stable supply of critical minerals, as concern grows …

Japan plans ‘world first’ deep-sea mineral extraction Read More »