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EU Fines AliExpress Record 550 Million Euros for Unsafe and Counterfeit Goods

The European Commission issued the largest-ever penalty under the Digital Services Act, ordering AliExpress to submit a compliance action plan by October 20.

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5h ago NEWS

EU Fines AliExpress Record 550 Million Euros for Unsafe and Counterfeit Goods

The European Commission issued the largest-ever penalty under the Digital Services Act, ordering AliExpress to submit a compliance action plan by October 20.


5h ago NEWS

FDA Says Taylor Farms Cyclospora Test Result Was a False Positive

The reversal comes days after Taylor Farms voluntarily pulled iceberg lettuce from central Mexico as a multistate outbreak sickened more than 1,600 people across 34 states.


5h ago NEWS

Andy Burnham Becomes Britain's Seventh Prime Minister in Ten Years

The former Mayor of Greater Manchester promised a new 10-year national plan and said his first instruction as prime minister would be to end rough sleeping.


5h ago NEWS

Iran Strikes Kill Two U.S. Soldiers at Jordan Air Base

A third service member remains missing after Friday's attack on Muwaffaq Salti Air Base, with unidentified remains found nearby.


5h ago BUSINESS

Gasoline Prices Top $4 a Gallon as Hormuz Tensions Tighten Fuel Markets

The price surge is hitting American drivers during the peak summer driving season as a crisis in the Strait of Hormuz disrupts global fuel supplies.


5h ago BUSINESS

AI Startup CuspAI Raises $450 Million to Speed Materials Discovery

The Cambridge-based company is now valued at $2.6 billion and has launched a coalition of more than 45 firms including Nvidia, Meta, and Samsung.


5h ago BUSINESS

South Korean Retail Investors Lose Billions on Leveraged Chip ETFs

The KODEX SK Hynix Single Stock Leverage ETF has fallen about 70% from its June record high after a sharp reversal in semiconductor stocks.


5h ago BUSINESS

TSMC Commits Additional $100 Billion to Arizona Chip Manufacturing

The company's total Arizona investment now stands at $265 billion as AI demand drives a full-year capital spending increase to as much as $64 billion.