Germany’s producer prices fall 1.2% in May, driven by lower energy costs
Germany’s producer prices dropped 1.2% year-on-year in May, in line with market expectations, largely due to falling energy prices, official data showed Friday.
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.
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
Israeli strikes have reportedly targeted areas near the residences of Iran’s Supreme Leader Ayatollah Ali Khamenei and President Masoud Pezeshkian, according to the New York Times, citing local witnesses.
Azerbaijan Airlines (AZAL) has cancelled certain flights scheduled for 13th and 14th June amid recent escalation of situation in the Middle East and the closure of airspace in several countries for security reasons.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
Germany’s producer prices dropped 1.2% year-on-year in May, in line with market expectations, largely due to falling energy prices, official data showed Friday.
The World Bank is pushing for “radical” debt transparency from developing countries to prevent future financial crises, warning that hidden debts are fueling instability.
European stock markets ended the day in negative territory following interest rate decisions by major central banks, including the U.S. Federal Reserve (Fed) and the Bank of England (BoE).
South Korea’s new administration proposed $14.7 billion in additional spending on Thursday to boost weak domestic demand, as President Lee Jae Myung pushes economic recovery as his top priority.
If the European Central Bank adjusts interest rates in the next six months, the move would likely be a cut, ECB policymaker Francois Villeroy de Galhau said on Thursday.
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