Category Archives: E-commerce

Battery-operated items from Temu tested by Choice fail Australian safety standards

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Consumer advocate says results are a ‘worrying reminder’ children are at risk from insecure battery components on most items

An LED-lit tutu skirt, a spinning top and a set of building blocks are among a number of dangerous toys that were sold by Chinese-owned shopping platform Temu, Choice has found.

Choice tested 15 toys operated by circular coin or button-style batteries, including watches, a writing tablet, a musical keyboard, a cartoon projector and a electronic pet game from Temu in May.

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Rightmove rejects third bid from Rupert Murdoch’s REA Group

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Australian company says it is frustrated that UK property website has refused to engage over £6.1bn offer

Rightmove has rejected a third bid from Rupert Murdoch’s REA Group and said the offer was “unattractive” and undervalues the UK’s largest online property portal.

On Wednesday Rightmove confirmed that its board had “unanimously rejected” the non-binding cash-and-shares offer put forward on Monday, which valued the company at £6.1bn.

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Fashion retailer Shein finds child labour in its supply chain

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Disclosure comes as campaigners call on UK to oppose company’s planned listing on London Stock Exchange

The online fashion seller Shein has admitted it found two cases of child labour and factories failing to pay the minimum wage in its supply chain last year, as it tries to gain backing for a potential £50bn UK stock market flotation.

The disclosure, in Shein’s 2023 sustainability report, comes after workers’ rights campaigners called for the government to oppose a possible listing of Shein on the London Stock Exchange over concerns about a lack of transparency about its supply chain and ethical questions. The British Fashion Council (BFC) has also said the listing, which could be announced as early as next month, would be a “significant concern” to the industry.

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Ambulances called to Amazon’s UK warehouses 1,400 times in five years

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GMB union urges Health and Safety Executive to investigate ‘shocking’ figures revealed by the Observer

Ambulances have been called out to Amazon warehouses more than 1,400 times in the past five years, the Observer can reveal. The figures, which were described as shocking by the GMB trade union, raise fresh questions about safety at the American giant’s UK workplaces.

Amazon centres in Dunfermline and Bristol had the most ambulance callouts in Britain, listing 161 and 125 across the period respectively.

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Australian computer scientist is not bitcoin creator Satoshi Nakamoto, high court rules

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Judge says evidence for his conclusion that Craig Wright did not create bitcoin is ‘overwhelming’

Satoshi Nakamoto, the pseudonymous creator of bitcoin, is not the Australian computer scientist Craig Wright, a high court judge has ruled, ending a fractious two-month trial in London.

In a highly unusual decision, the presiding judge, Mr Justice Mellor, issued the verdict within seconds of the case concluding, promising to issue a “fairly lengthy written judgment” in due course.

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Bitcoin hits new record high above $70,000; US investor ends Currys chase – business live

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Live, rolling coverage of business, economics and financial markets as exchange-traded funds help biggest cryptocurrency rally

The European Commission’s use of Microsoft email and office software broke its own privacy rules, an EU privacy watchdog has ruled.

Microsoft’s software transferred personal data outside the EU, breaching privacy rules, according to the European Data Protection Supervisor.

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Crypto firm moved $4.2m of assets to digital wallet linked to alleged Russian arms dealer

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Analysis shows link between Copper Technologies and Jonatan Zimenkov, who was later hit with US sanctions over Ukraine invasion

A cryptocurrency firm transferred digital assets worth more than $4.2m to a crypto wallet belonging to a member of an alleged Russian arms-dealing network who was later hit with US sanctions, it can be revealed.

Details of the transactions involving Copper Technologies raise questions about whether UK laws governing crypto have adapted quickly enough to keep pace with a rapidly evolving sector that has come under increasing scrutiny over the level of anonymity it can provide.

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Online slot machine stakes to be capped at £5 in Great Britain

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Maximum will be £2 for younger adults but campaigners say government has not gone far enough

The amount that can be staked on the spin of an online slot machine will be capped at £5, or £2 for younger customers, as part of government plans to tighten regulation of the £11bn-a-year gambling industry in Great Britain.

Online slots are currently exempt from limits on how much punters can wager.

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Uniqlo sues Shein over ‘imitation’ banana-shaped ‘it’ bag

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Petition demands online retailer stop immediate sale of bags and compensation for damages incurred

Uniqlo is suing the Chinese online retailer Shein over the sale of items it claims copy its popular banana-shaped ‘it’ bag, the “round mini”.

The petition demands that Shein immediately stops the sale of “the imitation products” and pays compensation for damages incurred as a result of their sale. It was filed last month in the Tokyo district court against the fast-growing business’s parent groups Roadget and Fashion Choice, as well as Shein Japan.

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Leading tech journalist quits Substack over platform’s Nazi newsletters

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Reporter Casey Newton takes more than 170,000 subscribers elsewhere over company’s failure to police extremist content

Platformer, a prominent tech newsletter founded by the veteran reporter Casey Newton, is leaving Substack over the company’s failure to police extremist content.

In a post explaining the decision, Newton said his team had identified seven Substack publications “that conveyed explicit support for 1930s German Nazis and called for violence against Jews, among other groups”. He said after weeks of back-and-forth discussions with company leaders about their “laissez-faire approach to content moderation”, he decided to part ways with the platform.

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French post office opens changing room for online shoppers

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Customers can collect their parcels and try on items in one trip during trial at La Poste branches

It is an increasingly common irritant of modern life. You order an item of clothing online; you wait with anticipation for it to arrive, and five minutes after it has arrived you’re packaging it up because it doesn’t fit.

For shoppers in France, however, the national post office may have the answer – or at least a way of making the process less logistically challenging. It is experimenting with in-store changing rooms to cater to people who want to quickly return purchases they do not want.

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Online marketplaces report surge in sales of secondhand goods

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Amazon, eBay and others record rise in reselling as cost of living crisis bites and customers try to shop sustainably

Online marketplaces are experiencing a surge in sales of secondhand goods amid the cost of living crisis and customers choosing to shop more sustainably.

Amazon said it had seen a 15% increase in sales of secondhand goods in the first nine months of the year, with sales across the UK and Europe hitting £1bn a year.

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Ex-owners of sex work site Backpage convicted of prostitution scheme

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Michael Lacey, Scott Spear and John Brunst, all men in their 70s, created complicated system to try to outwit US government

Three former owners of the website Backpage, a site mainly known as a place where sex workers advertise their services, have been convicted for federal crimes including promoting prostitution and money laundering, the US Department of Justice announced on Friday.

The recently convicted trio, Michael Lacey, 75, Scott Spear, 72, and John “Jed” Brunst, 71, came to own Backpage in 2010. Since then, the government says, they encouraged sex work ads by creating a system for “johns”, or customers, to leave reviews about the sex workers they had engaged with. Website workers and an automated system filtered out words that made it obvious that sex was being offered in exchange for money.

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Ex-minister Gavin Williamson warned as he takes job at payment card provider

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Advisory committee on business appointments tells MP he must not utilise contacts in government in Lanistar role

The former cabinet minister Gavin Williamson has taken a job at a firm launching a payment card “built for the influencer lifestyle”, which was previously hit with a consumer warning by the Financial Conduct Authority (FCA) and currently only offers its product in Brazil.

Williamson has gained permission to join the advisory board of Lanistar, whose website says it wants to roll out its virtual payment card and crypto services to the UK and EU.

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Sam Bankman-Fried admits to ‘large mistakes’ in crypto fraud trial testimony

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Bankman-Fried says his biggest mistake was not implementing a dedicated risk management team for crypto trading platform FTX

Sam Bankman-Fried admitted to making management mistakes while at the helm of FTX, his former multibillion-dollar cryptocurrency empire, during testimony in his defense at trial.

“I made a number of small mistakes and a number of large mistakes,” Bankman-Fried, 31, said in sharing his version of the rise and fall of crypto trading platform FTX. The biggest mistake, he said, was not implementing a dedicated risk management team.

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Fears of employee displacement as Amazon brings robots into warehouses

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Digit will begin its time on the floor by shifting empty tote boxes amid concerns humans will be shifted out of jobs

Amazon is experimenting with a humanoid robot as the technology company increasingly seeks to automate its warehouses.

It has started testing Digit, a two-legged ​r​obot that can grasp and lift items, at facilities this week. The device is first being used to shift empty tote boxes.

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Waitrose in talks with Amazon over online grocery deal, says report

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Supermarket said to be considering third-party deal after share of UK market falls

Waitrose is reportedly in talks with Amazon to sell groceries via the internet marketplace, in an attempt to lure in more shoppers and claw back market share.

The Sunday Telegraph reported that the upmarket supermarket, part of the John Lewis Partnership, and Amazon were discussing a third-party deal, after the world’s biggest online retailer struck a similar agreement with the supermarket Iceland recently.

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FTX co-founder testifies he committed crimes with Sam Bankman-Fried

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Gary Wang, who previously pleaded guilty to his role in FTX’s downfall, is testifying under a plea agreement

Sam Bankman-Fried’s crypto fraud trial gained steam on Thursday when the co-founder of his fallen exchange, Gary Wang, took the stand as a government witness in Manhattan federal court.

His testimony came as the highly anticipated trial entered its third day. Bankman-Fried faces seven counts on fraud and conspiracy charges in relation to the implosion of his crypto exchange FTX and its related hedge fund, Alameda Research.

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Sam Bankman-Fried arrives in Manhattan court as fraud trial kicks off

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FTX founder shed his signature T-shirt and shorts look to don on suit with freshly cut hair as day one of fraud trial commenced

The criminal trial of the former cryptocurrency mogul Sam Bankman-Fried began on Tuesday, with jury selection getting under way in a Manhattan federal court.

Bankman-Fried, who founded the cryptocurrency exchange FTX and associated hedge fund Alameda Research, is facing trial on finance crimes stemming from the shocking collapse of FTX. Before its sudden downfall last year, FTX was valued at around $32bn.

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Indonesia bans e-commerce sales on social media platforms like TikTok

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Government says regulation aimed at protecting small businesses from competition

Indonesia has banned goods transactions on social media platforms as it aims to protect small businesses from e-commerce competition.

Calls had grown in recent months for a regulation governing social media and e-commerce, with offline sellers seeing their livelihoods threatened by the sale of cheaper products on TikTok Shop and other platforms.

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