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Temu, owned by PDD Holdings, faces stricter U.S. data privacy and product safety requirements following its $3 million Texas settlement, raising questions about regulatory compliance costs, marketplace profitability and the future of its low-price e-commerce model. Representative image.

Temu Texas settlement raises the cost of U.S. growth as PDD shares remain near annual lows

KFC is replacing PepsiCo with Coca-Cola across approximately 3,600 U.S. restaurants from January 2027, ending a nearly 40-year beverage partnership as Yum! Brands seeks to revitalise its American fast-food business. Representative image.

KFC drops Pepsi for Coca-Cola across 3,600 U.S. restaurants as cola rivalry shifts again

MINISO stock jumps 5.8% as YOYO crosses RMB1bn and U.S. retail growth accelerates

Why IKEA, eBay and fashion brands are turning secondhand shopping into a growth strategy

Record-breaking emissions from Canadian wildfires reach Europe: CAMS report

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Wildfires in Canada generate record emissions to reach Europe, says CAMS

The severe wildfires in Canada have not only intensified throughout June but have also caused record levels of…

byPallavi Madhiraju

June 27, 2023

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