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Greenpeace says clothes sold by Shein break EU chemicals rules
Clothing items sold by Asian e-commerce giant Shein contain dangerous chemicals at levels well in excess of EU rules, Greenpeace charged in a report published on Thursday. Greenpeace Germany said 18 clothing items out of 56 that it sent for testing "contained dangerous chemicals that exceed the limits in the EU's REACH chemical regulation, sometimes severely".
Walmart lifts outlook in quarterly results with e-commerce boost
US retail giant Walmart reported higher quarterly revenue Thursday and raised its outlook, in an expectations-beating earnings report as American households feel the squeeze from rising costs of living.
EU moves to bar 'green' labels for fossil fuel investments
The European Commission said Thursday it wants to exclude companies involved in fossil fuels from financial products marketed as "sustainable" in the EU, a step long demanded by environmental groups and experts.
Lufthansa enters race for TAP stake against Air France-KLM
Germany's Lufthansa on Thursday expressed an interest for a stake in TAP Air Portugal, joining Air France-KLM in the race for part of the carrier which is set to be privatised. Air France-KLM said Wednesday it had also formally expressed its interest to take a stake in TAP. IAG group, which includes British Airways and Iberia, has also previously said it is keen on taking a stake.
Daily pill helps people lose 10% of weight in 18 months: study
A daily pill that is cheaper and easier to take than currently available weight loss drugs helps people lose around a tenth of their body weight over nearly 18 months, a study said Thursday. This is similar to research published earlier this year that found that people with obesity but not diabetes lost around 12 percent of their body weight while taking the pill.
Spain court orders Meta to compensate media for 'unfair competition'
A court in Spain said Thursday it has ordered Facebook owner Meta to pay local media outlets 479 million euros ($552 million) in compensation for "unfair competition" plus 60 million euros in interest. AMI had been seeking 551 million euros in compensation.
Memory chip crunch set to drive up smartphone prices
Shoppers could face higher prices for phones, laptops and other gadgets next year, manufacturers and analysts warn, as AI data centres hoover up memory chips used in consumer electronics.
Stocks rally as bumber Nvidia report offsets Fed rate concern
Asian markets rallied Thursday after blowout earnings from chip powerhouse Nvidia cooled worries over an AI bubble and overshadowed a Federal Reserve report that dealt a blow to hopes for a December interest rate cut. "There's been a lot of talk about an AI bubble," he told an earnings call.
Nvidia reports 'off the charts' demand for AI chips
Nvidia shares climbed Wednesday after it beat quarterly earnings expectations on fierce demand for its sophisticated chips that power artificial intelligence. - China sales stalled - Nvidia reported profit of $31.9 billion on record-high quarterly revenue of $57 billion, sending shares up more than 5 percent.
AFP
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