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EU Raids Temu Over Suspected Breach of Foreign Subsidies Rules
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THE WHAT? The European Commission has carried out unannounced inspections at Temu as part of an investigation into potential violations of the EU Foreign Subsidies Regulation. THE DETAILS The raid took place at one of Temu’s Irish premises, targeting possible foreign state support that could distort competition in the EU…
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Switzerland secures retroactive cut of U.S. customs duties to 15%
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U.S. customs duties on Swiss products will be reduced to 15% with retroactive effect from November 14, the date a draft agreement was signed, Bern announced on Wednesday, December 10. In return, Switzerland will lower its customs duties on selected U.S. fishery and agricultural products, the Swiss Ministry of Economy…
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Suisse : les droits de douane américains ramenés à 15% avec effet rétroactif
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Les droits de douane américains sur les produits suisses seront abaissés à 15% avec effet rétroactif au 14 novembre, date à laquelle un projet d’accord avait été scellé, a annoncé Berne mercredi 10 décembre. En contrepartie, la Suisse diminue ses droits de douane sur certains produits de la pêche et…
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Amazon to Invest Over US$35 Billion in India to Accelerate AI, Exports and Infrastructure Expansion
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THE WHAT? Amazon has outlined plans to invest more than US$35 billion in India by 2030, focusing on AI development, export growth and expanded operational infrastructure as competition intensifies in one of the world’s fastest-growing digital markets. THE DETAILS The investment builds on Amazon’s existing US$40 billion commitment to India…
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Sephora US to Bring SEPHORiA Back to Los Angeles With New “Beauty Multiverse” Concept in 2026
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THE WHAT? Sephora US is reviving SEPHORiA in Los Angeles, introducing a new “beauty multiverse” format that expands the event into a multi-day, multi-brand experiential platform built around education, product discovery and consumer engagement. THE DETAILS The event will take place in Downtown LA and marks SEPHORiA’s first return to…
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Dior Beauty Debuts Boutique at Zurich Airport with Avolta
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THE WHAT? Parfums Christian Dior has opened a new boutique at Zurich Airport in partnership with Avolta, bringing travellers La Collection Privée Christian Dior alongside core fragrance, makeup and skincare lines. THE DETAILS Senior executives from Dior, Avolta and Flughafen Zürich AG attended the launch. The boutique’s design draws on…
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