Shein’s UK profits double; Water companies penalised for poor performance; China targets EU brandy – business live
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Politics - The Hill
Asheville small businesses: You will recover
If you're a small-business owner in Asheville, unfortunately, you're reeling right now.Yesterday -
Top stories - CBS News
Water supplier American Water Works says systems hacked
American Water Works says it's investigating impact of breach; utility supplies drinking water to 14 million people.Yesterday -
Business - Inc.
Temu Pursues Amazon’s Third-Party Sellers Business
The e-commerce platform selling cheap goods delivered directly to consumers from China is now recruiting U.S.-based vendors by undercutting Amazon’s service charges.Yesterday -
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Business - The Wall Street Journal
Richemont to Sell e-Commerce Business YNAP to Mytheresa
Cartier owner Richemont has agreed to sell Yoox Net-A-Porter to luxury online platform Mytheresa in an all-share deal, and said it expected to book a $1.4 billion hit as a result.Yesterday -
Business - The New York Times
How E-Commerce Is Making China’s Deflation Worse
The push by Pinduoduo to lower prices has helped it become one of China’s fastest-growing e-commerce apps, and epitomizes a broader force plaguing the economy.Yesterday - China -
Business - Financial Times
China tells schoolteachers to hand in their passports
Authorities make travelling abroad difficult for growing number of public sector employees2 days ago - China -
Lifestyle - The New York Times
8-Year-Old Zoe Wilson Drove Herself to Target and Became an Internet Star
Tangie Wilson was sleeping when her daughter Zoe sneaked out of the house and drove to the store. The tale of how it all unfolded is as relatable as it is incredible.3 days ago -
Business - Inc.
A Ford EV Became an Essential Part of This Small Business’s Hurricane Survival Plan
Erica Lacher used her EV battery to run her veterinary clinic after Hurricane Helene, a boost for both humans and horses.4 days ago -
Tech - The Wall Street Journal
This Teenage Hacker Became a Legend Attacking Companies. Then His Rivals Attacked Him.
His life in cybercrime began at age 11, investigators say, and went on to incursions into Nvidia and “Grand Theft Auto.” His case has brought worries about a new breed of fearless young hackers.4 days ago -
Tech - The Wall Street Journal
OpenAI Nearly Doubles Valuation to $157 Billion in Funding Round
The startup behind ChatGPT raised $6.6 billion from backers including Microsoft, SoftBank and Thrive Capital.5 days ago -
Tech - The New York Times
OpenAI Completes Deal That Values Company at $157 Billion
The A.I. start-up’s valuation has risen by more than $70 billion in nine months.6 days ago -
Tech - The Wall Street Journal
OpenAI's Complex Path to Becoming a For-Profit Company
Converting from a nonprofit happens rarely, especially for organizations this wealthy. OpenAI has two years to do so.September 29