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Banking

EU asks Alibaba’s AliExpress for details on measures against illegal products

Shopping trolley is seen in front of AliExpress logo in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBRUSSELS, Nov 6 (Reuters) - The European Commission on Monday ordered Alibaba's (9988.HK) AliExpress to provide information on how it tackles illegal products, such as counterfeit goods, sold on its platform by Nov. 27 or face an investigation that could result in fines.The EU executive said it had sent a request for information to AliExpress in line with newly adopted EU rules called the Digital Services Act (DSA), which requires...
Banking

Israel rebuffs calls for ceasefire; Lebanon strike angers Hezbollah

LATEST DEVELOPMENTS:Hezbollah says response will be 'firm and strong' after strike kills 3 children in LebanonBlinken says Palestinian Authority should have central role in future of GazaPalestinian telecommunications company Paltel says communications, internet service cut again across GazaGAZA/RAMALLAH, Nov 5 (Reuters) - Israel on Sunday rebuffed growing international pressure for a ceasefire and said its forces had encircled Gaza City as the top U.S. diplomat scrambled to contain a crisis that threatened to cause further escalation in neighbouring Lebanon.Gaza was under "unprecedented bombardment" from Israel on Sunday, Palestinian news agency...
Cryptocurrency

The other crypto bosses in US authorities’ crosshairs

Zhao Changpeng, founder and chief executive officer of Binance speaks during an event in Athens, Greece, November 25, 2022. REUTERS/Costas Baltas/File Photo Acquire Licensing RightsWASHINGTON, Nov 3 (Reuters) - Onetime crypto poster child Sam Bankman-Fried was on Thursday found guilty of defrauding customers of his now-bankrupt crypto exchange FTX, in a high-profile criminal case that rocked the industry.But he's not the only one in regulators' sights. As token prices plummeted last year, the sector saw other stunning meltdowns that put several industry moguls into authorities' crosshairs.Investigations are not necessarily an...
Banking

Facebook owner Meta faces EU ban on targeted advertising

Meta and Facebook logos are seen in this illustration taken February 15, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsMeta could be fined up to 4% of its global turnoverMeta says in process of complyingOSLO, Nov 1 (Reuters) - The European data regulator has agreed to extend a ban imposed by non-EU member Norway on "behavioural advertising" on Facebook and Instagram to cover all 30 countries in the European Union and the European Economic Area, it said on Wednesday.The ban on such advertising, which targets users by harvesting their data, is a...
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