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EU Forms Working Group for Montenegro Accession Treaty
PoliticsAPReutersBBC+60FTAl Jazeerayle-uutisetruvukrainska-pravdaaftonbladetle-figarolsm-lv+52 more13d ago63 sources

EU Forms Working Group for Montenegro Accession Treaty

The European Union has approved the creation of a working group tasked with drafting Montenegro's accession treaty. This move signifies a step forward in Montenegro's path towards EU membership.

EU Approves Major Loan for Ukraine and New Russia Sanctions
WorldAPbloombergNYT+68The GuardianNPRAl Jazeeraruvtagesschauukrainska-pravdaberlingskeDW+60 more12d ago71 sources

EU Approves Major Loan for Ukraine and New Russia Sanctions

The European Union formally approved a substantial multi-billion euro loan package for Ukraine and a new round of sanctions against Russia, following Hungary's decision to drop its opposition. This financial lifeline aims to support Ukraine amidst the ongoing conflict and its aspirations for full EU membership.

Chinese Retailer JD.com Challenges Amazon with Same-Day Delivery in Europe
BusinessReutersFTtimes-uk+4le-figaroThe Independentchannel-news-asiaseeking-alpha1mo ago7 sources

Chinese Retailer JD.com Challenges Amazon with Same-Day Delivery in Europe

Chinese e-commerce giant JD.com has launched its Joybuy platform in the UK and six European countries, aiming to challenge Amazon by offering international brands and ultra-fast delivery, including same-day promises, following a previous attempt to enter the market in 2022. The retailer is actively taking on Amazon with its rapid delivery commitments.

French Court Convicts Chinese Captain of Russian 'Shadow Fleet' Tanker In Absentia
PoliticsAPReutersBBC+58NYTFTle-mondeThe Guardiannzzyle-uutisethelsingin-sanomatruv+50 more1mo ago61 sources

French Court Convicts Chinese Captain of Russian 'Shadow Fleet' Tanker In Absentia

A French court has sentenced Chen Zhangjie, the Chinese captain of the Russian 'shadow fleet' tanker Boracay, to one year in prison in absentia and issued an arrest warrant for failing to comply with orders during an inspection in international waters, with the vessel suspected of transporting Russian oil in violation of Western sanctions.

Amazon and JD.com Competition Benefits Shoppers
BusinessFT1mo ago

Amazon and JD.com Competition Benefits Shoppers

The intense competition between e-commerce giants Amazon and JD.com is creating a favorable environment for shoppers, who benefit from competitive pricing and expanded offerings, though JD.com faces risks of cash burn as it pursues expansion.

JD.com Reports First Quarterly Loss in Four Years
BusinessSCMP2mo ago

JD.com Reports First Quarterly Loss in Four Years

Chinese e-commerce giant JD.com announced a 2.7 billion yuan (US$392 million) loss in the fourth quarter, marking its first quarterly loss in nearly four years, alongside a halving of annual profit due to an ongoing food delivery battle.