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‘Made in China, sold on Amazon’ merchants scramble to minimise losses after US platform closes over 50,000 Chinese shops
Several Chinese merchants failed to agree to a legal strategy to challenge Amazon’s ban of their shops for alleged fake reviews. Amazon, whose terms do not allow for class-action lawsuits, is holding onto millions of dollars in assets belonging to the e-commerce sellers, lawyers say.
MEXICO CITY (Reuters) - Mexico's main autopart association INA forecasts that the severe semiconductor chip shortage that has slammed the brakes on the global auto industry will subside in July and return to normal by the end of this year.
Yeni Hechavarria, a 34-year-old interpreter and translator who used to commute from her house on the outskirts of the Cuban capital to her workplace in the city’s entertainment district, has changed her routine after the Covid-19 outbreak.
India's plan to regulate "non-personal" data has jolted US tech giants Amazon, Facebook and Google, and a group representing them is preparing to push back against the proposals, according to sources and a letter seen by Reuters.
Alibaba’s business-to-business marketplace launches online global trade show for pandemic-hit merchants
The event, which will last until May 24, is expected to attract the participation of about 200,000 wholesalers each day. China’s total foreign trade in the first quarter fell 6.4% year on year amid weak global demand due to antivirus measures adopted in the US and Europe.
An Estonian tech company has kicked off construction of the Baltic states' largest commercial data centre, an estimated €100mil (RM452.5mil) project aimed at large financial services, telecom and technology firms in the region.
Japanese gaming giant Sony Interactive Entertainment Worldwide Studios (SIE WWS) will be setting up a studio in Malaysia, and its participation in the local games industry is being incentivised by the government.
Japan's government said that high-tech industries will be added to a list of businesses for which foreign ownership of Japanese firms is restricted.
The rise of automation has so far had a negligible impact on jobs at a global scale, the World Bank chief economist said, despite common gloomy predictions that humans are set to be replaced by machines.
The German government is taking steps to counter a surge in Chinese bids for stakes in German technology companies, including the creation of a billion-euro fund that could rescue such firms in financial trouble, a government source said.