Trump says Iran wants a deal as Tehran rules out talks for now
U.S. President Donald Trump has again said Iran is keen to reach a deal quickly, but a senior Iranian security official rejected the claim, saying ...
Shein says French consumers may face higher prices if the EU imposes handling fees and France enacts new penalties on fast fashion. The platform criticizes the lack of dialogue with authorities as pressure mounts on budget e-commerce models.
Shein has warned that shoppers in France could soon pay significantly more for their orders if proposed European Union and French regulations targeting low-cost online retailers are adopted.
Speaking to Sud Radio, Quentin Ruffat, Shein’s spokesperson in France, voiced concern over two key developments: an EU proposal to introduce a handling fee on e-commerce shipments entering the bloc, and a French bill that imposes penalties on fast-fashion products due to their environmental impact.
"Why tax us? Why not have a discussion, find a solution between public officials and e-commerce platforms?" Ruffat questioned during the interview.
Under the EU proposal, a €2 fee would be charged on each package shipped directly to a customer within the 27-member bloc, while a smaller €0.50 fee would apply to parcels processed through EU-based warehouses. The plan is widely seen as a blow to platforms like Shein and rival Temu, which have built global businesses by offering inexpensive goods and taking advantage of customs exemptions for low-value items.
Ruffat also cited the French bill, which was passed by the lower house of parliament in March and is seen as specifically targeting fast-fashion giants. He warned that by 2030, the combined effects of the EU fee and the French legislation could raise the price of Shein products in France by as much as €12 per item.
While the proposed EU measure still requires approval from member states and the European Parliament, France - one of the most influential voices in the bloc - has already backed the fee.
The European Commission previously announced it would end the exemption from customs duties for e-commerce packages valued under €150 by 2028. Meanwhile, the U.S. has also recently moved to tighten oversight by eliminating its "de minimis" rule, which had allowed duty-free entry for packages under $800.
Maritime trackers received new reports of an attack on a ship in the Strait of Hormuz on Sunday, according to the UK Maritime Trade Operations (UKMTO), adding to concerns about energy supplies after Saudi Arabia shut down a vital oil pipeline on Saturday.
U.S. Central Command said 101 commercial vessels have been redirected in the Strait of Hormuz, while oil prices rose more than three per cent amid fresh regional attacks and supply concerns.
U.S. President Donald Trump has again said Iran is keen to reach a deal quickly, but a senior Iranian security official rejected the claim, saying Tehran will not negotiate until its conditions are met.
A Russian strike on a farm warehouse in Pryluky, north-central Ukraine, has killed at least three people, local police said. Meanwhile, EU foreign policy chief Kaja Kallas said an attack on a train near the Polish border was an attempt to intimidate Ukraine's allies.
A Danish military helicopter came within “metres” of being struck by flares fired by a Russian warship, Denmark's Defence Minister Jeppe Bruus said on Tuesday. Russia accused Denmark of carrying out “dangerous manoeuvres” near its ship, and said it was investigating the incident.
Nigerian billionaire Aliko Dangote launched Africa's biggest-ever share sale on Monday, opening the oil refinery that has remade the country's fuel market to public ownership for the first time.
Volkswagen’s supervisory board has approved a major overhaul aimed at cutting 100,000 jobs by 2030 as the German carmaker battles weaker sales, falling profits and intensifying global competition.
Chinese Premier Li Qiang has called on American companies to expand their presence in China and pledged that Beijing would address their "reasonable concerns," as China looks to stabilise trade ties with Washington ahead of President Xi Jinping's planned visit to the U.S. later this month
Apple is entering a new era as Tim Cook steps down as chief executive after 15 years at the helm, handing the technology giant's leadership to longtime executive John Ternus.
Volkswagen is heading towards a decisive showdown with labour representatives as Germany's largest carmaker weighs sweeping restructuring measures that could lead to factory closures and tens of thousands of job losses.
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