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The School Master

(Own report) – German business circles are sharply criticizing the EU’s failure on the free trade agreement with Australia and the persisting delay of other EU free trade negotiations. Canberra broke off negotiations with the EU early last week – a serious setback for Brussels. The EU seeks to become less dependent on China with the help of Australian resources. The free trade agreement with Mercosur is also threatened to fail. The member states of that South American alliance are not prepared to give in to Brussels’ demands to protect the rainforests, which are clearly perceived as harassment. It is uncertain that a conciliation can still be achieved. The negotiations on the free trade agreement with India and Indonesia are also stalled. The reason for the failure, on the one hand, are irreconcilable divergences of interests between German industry and French agriculture. On the other hand, according to commentators, the EU’s insistence on environmental demands is perceived ....

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Temu's Win Over Shein in the US Is Hurting Its Bottom Line

(Bloomberg) Temu’s transformation over the past year is the stuff of business dreams.Most Read from BloombergIsrael Latest: US Determines Israel Wasn’t Behind Hospital BlastNobody Wants Mutual Funds NowTrump Ally Mike Johnson Becomes Latest GOP House Speaker NomineeBig Tech Earnings Whipsaw QQQ in Late Trading: Markets WrapChina Ousts Defense Minister, Ending Mystery Over His StatusVirtually unknown when it launched in the US last September, it’s now well and truly trumped industry giant Shei ....

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Temu's Win Over Shein in the US Is Hurting Its Bottom Line

Temu's Win Over Shein in the US Is Hurting Its Bottom Line
businessoffashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessoffashion.com Daily Mail and Mail on Sunday newspapers.

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A Once-Obscure Chinese Startup Overtakes Shein In US

(Bloomberg) This time last year, hardly anyone in the US knew what Temu was. Now, as American consumers grapple with runaway inflation, the bargain shopping app backed by a Chinese tech company is on a tear, with sales exceeding rival Shein.Most Read from BloombergBiggest Losers of AI Boom Are Knowledge Workers, McKinsey SaysNYC’s Rent Surge Defied by New Grads Pursuing a TikTok LifestyleElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonTrump Urges Prosecutors to Drop Case, ....

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