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VW launches $5.8bn tie-up with Tesla rival Rivian

Volkswagen (VW) has launched a $5.8 billion tie-up with electric vehicle maker Rivian to share technology and reduce development costs. The partnership will enable VW to use Rivian's tech in its own vehicles, starting from 2027, while providing crucial funding for...

Amazon launches Temu and Shein rival with ‘crazy low’ prices

Amazon launches Haul, a new outlet offering 'crazy low' prices, rivaling Temu and Shein. The service provides confidence about product safety through Amazon's product guarantees but raises regulatory concerns. Amazon's Response to Regulatory Concerns Amazon's vice president of worldwide selling partner services, Dharmesh...

DNA-testing site 23andMe to lay off 40% of its workers

23andMe, a leading DNA-testing firm, is facing significant challenges as it restructures its business and focuses on long-term success. The company has seen its share price plummet by over 70% this year due to a series of setbacks, including a data...

Meta fined €798m over ‘unfair’ Facebook Marketplace

The European Commission fined Meta €798m for breaking competition rules, specifically for giving its Facebook Marketplace service an unfair advantage over others. This is not the first time Meta has faced a fine from the EU. Background This is not the first time...

Temu owner’s shares slump as China slowdown hits sales

PDD Holdings, the Chinese owner of online shopping platforms Temu and Pinduoduo, has reported disappointing sales and profit due to an economic slowdown in China. The company's revenue fell short of analyst forecasts for the second consecutive quarter, amid intensified competition...

Lab-Grown Foie Gras Hits the Market

Australian cultivated meat firm Vow has launched lab-grown foie gras, a luxury product made from quail cells brewed in a bioreactor. This innovative approach offers a controversial future for the cultivated meat industry. Introduction Australian cultivated meat firm Vow has launched lab-grown foie...

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