Economy

Chinese Temu is reported - breaks EU law

The Chinese shopping giant Temu has been notified by several European consumer organizations that warn that customers may be manipulated. That's what TT writes.

The background is that the organizations believe that Temu violates the EU law DSA. One of those reporting is Sweden's consumers who believe that, among other things, the lack of traceability and misleading product recommendations are against the law.

General secretary Johanna Hållén says that they do not intend to accept that the company combines low prices and "total disinterest" in product safety and consumer protection.

- It can be both dangerous and expensive in the long run.

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The Russian invasionThe China-Russia relationship
Putin's focus in China: smoothing over sanctions threats from the US

When Russian President Vladimir Putin visits China and Xi Jinping, it is to nurture a relationship and an economic lifeline, writes AFP.

It is Putin's second visit to China in six months. High on the agenda is trying to counteract the US's attempts to stop China's trade with Russia, writes Bloomberg.

Recently, the US has stepped up its efforts to stifle the inflow of capital into the Russian war coffers. Among other things, they have sent out sharp warnings "about consequences" to Chinese banks and exporters that trade with Russia.