Latest

Consumer groups accuse Temu of manipulating online shoppers
Consumer groups accuse Temu of manipulating online shoppers
Technology
by  AFP

European consumer groups on Thursday accused Chinese shopping app Temu of using "manipulative techniques" to force users to spend more and other violations of a landmark EU tech law. The groups accuse Temu of "failing to protect consumers and for using manipulative practices which are illegal", known as dark patterns, and demanded an investigation.

Monet painting fetches $35 million at New York auction
Monet painting fetches $35 million at New York auction
Economy
by  AFP

A Monet sold for nearly $35 million at auction Wednesday evening, Sotheby's said, marking a solid start to New York's spring art sales. Christie's, meanwhile, sold some $115 million in contemporary art the prior evening, including a Jean-Michel Basquiat painting for $32 million.

Asian markets track Wall St records after US inflation data
Asian markets track Wall St records after US inflation data
Economy
by  AFP

Asian equities rallied Thursday after US data showed inflation cooled last month, fuelling speculation that the Federal Reserve will cut interest rates twice this year. Tokyo also advanced, even after data showed Japan's economy shrank more than expected in the first three months of the year.

Mission impossible? Next Boeing CEO faces pile of problems
Mission impossible? Next Boeing CEO faces pile of problems
Economy
by  AFP

Since announcing plans in late March to replace CEO Dave Calhoun at the end of 2024, Boeing's problems have seemingly gone from bad to worse, complicating an already daunting executive search. Given the depth of the problems, some Boeing watchers argue the company needs to make profound changes beyond the executive-suite shakeup already announced, which keeps Calhoun in his post through December.