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EU Raids Temu Over Suspected Breach of Foreign Subsidies Rules
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 market. Temu, owned by…
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Amazon to Invest Over US$35 Billion in India to Accelerate AI, Exports and Infrastructure Expansion
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 since 2010 and follows…
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Shiseido Announces Major Structural Reorganization and Senior Leadership Moves Ahead of 2026
THE WHAT? Shiseido has outlined significant organizational restructuring and a series of executive personnel changes, effective January 1, 2026, aimed at consolidating sustainability, digital, creative and governance functions across the global business. THE DETAILS The company will integrate its sustainability-related functions by establishing the Sustainability Strategy Acceleration Office under the Corporate Transformation Acceleration Department,…
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Amazon to Expand Lending Operations in India Through Axio Acquisition
THE WHAT? Amazon is preparing to expand its lending footprint in India, with plans to offer small-business credit and additional financial products through Axio, the non-bank lender it acquired earlier this year. THE DETAILS Axio—currently focused on BNPL and personal loans—will resume lending to small businesses and introduce cash-management tools aimed at improving merchant…
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Shopify Outage Hits Merchants on Cyber Monday
THE WHAT? Shopify suffered a several-hour outage on Cyber Monday, affecting key back-end tools for merchants during one of the busiest online shopping days of the year. THE DETAILS Between roughly 9 a.m. and 2:30 p.m. ET, thousands of merchants temporarily lost access to Shopify’s admin functions—including inventory tracking, POS systems and order management—though…
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Amazon Tests 30-Minute Delivery in Seattle and Philadelphia
THE WHAT? Amazon has launched a pilot offering 30-minute delivery for essentials—including beauty and personal care items—in select areas of Seattle and Philadelphia. THE DETAILS The new Amazon Now service provides rapid fulfilment of thousands of items such as cosmetics, OTC products and daily essentials through small, localised facilities positioned close to customers. Prime…
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Coupang Confirms Massive Breach Affecting 33.7 Million Customers
Coupang has disclosed a major data breach affecting nearly its entire customer base, with 33.7 million users’ personal information compromised. The post Coupang Confirms Massive Breach Affecting 33.7 Million Customers appeared first on Global Cosmetics News.
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Coupang Confirms Massive Breach Affecting 33.7 Million Customers
Coupang has disclosed a major data breach affecting nearly its entire customer base, with 33.7 million users’ personal information compromised. The post Coupang Confirms Massive Breach Affecting 33.7 Million Customers appeared first on Global Cosmetics News.