Why the EU fined AliExpress a record €550M

Why the EU fined AliExpress a record €550M

The European Commission has fined AliExpress €550 million ($629 million) for breaking the EU’s Digital Services Act — the largest penalty handed out under that law so far. The Alibaba-owned marketplace didn’t do enough to stop illegal, unsafe and counterfeit products from spreading across its platform, regulators said, and the company now has three months … Read more

Why Volkswagen is cutting 100,000 jobs

Why is Volkswagen cutting so many jobs?

Why is Volkswagen cutting so many jobs? The surface answer is the one in every headline: Chinese electric-vehicle rivals are eating Volkswagen’s market share, tariffs are squeezing margins, and Europe is stuck with roughly 500,000 vehicles a year of unused factory capacity. The deeper answer is less comfortable for Germany: for two decades, German automakers … Read more