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ByteDance, Pinduoduo launch overseas e-commerce sites in challenge to Amazon

TikTok owner ByteDance has launched a women’s fashion website called If Yooou. Pinduoduo launched an e-commerce site in the U.S. called Temu. The two companies are the latest Chinese tech giants to look to crack the international e-commerce market domianted by Amazon. Mike Kemp | In Pictures | Getty Images …

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Millennial’s beauty startup Social Bella raised over $225 million

When the Covid pandemic was raging in 2020, much of the world was in lockdown and more turned to online shopping. But Chrisanti Indiana did the unexpected: she expanded her e-commerce business — offline. Her beauty and personal care e-commerce startup, Sociolla, had just two brick-and-mortar stores in Indonesia in …

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Nancy Pelosi says husband continues to improve after brutal home attack

House Speaker Nancy Pelosi is pictured with her husband, Paul Pelosi, on Capitol Hill on January 3, 2019 in Washington, DC. Zach Gibson | Getty Images News | Getty Images In her first public comments since her husband was attacked, House Speaker Nancy Pelosi said her family was “heartbroken and …

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Russia halts participation in the Black Sea Grain Initiative

The Sierra Leone-flagged cargo ship Razoni, carrying Ukrainian grain, is seen in the Black Sea off Kilyos, near Istanbul, Turkey August 3, 2022. Mehmet Caliskan | Reuters WASHINGTON – Moscow suspended its participation in the Black Sea Grain Initiative, an agreement brokered earlier this year that reopened Ukrainian ports for …

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House Speaker Pelosi husband attacked with hammer, assailant arrested

Paul Pelosi, the husband of House Speaker Nancy Pelosi, was violently assaulted with a hammer by a man who broke into the couple’s San Francisco home early Friday morning, local police said. The assailant was searching for the House speaker, shouting, “Where is Nancy, where is Nancy?” before assaulting 82-year-old …

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Big Tech falters on Q3 2022 results as Meta has worst week ever

Meta Platforms CEO Mark Zuckerberg speaks about the Facebook News feature at the Paley Center For Media in New York on Oct. 25, 2019. Drew Angerer | Getty Images News | Getty Images Other than Apple, it was a brutal earnings week for Big Tech. Alphabet, Amazon, Meta and Microsoft …

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Lawmakers urge tech CEOs to do more to help Iranian protesters

Iranians protest to demand justice and highlight the death of Mahsa Amini, who was arrested by morality police and subsequently died in hospital in Tehran under suspicious circumstances. Mike Kemp | In Pictures via Getty Images A bipartisan group of 13 lawmakers urged several U.S. tech CEOs to do more …

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Amazon stock tumbles after downbeat sales forecast

Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon shares plunged more than 10% in early trading Friday, a day after the company projected sales in the holiday quarter would be far below expectations. Shares are …

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US economy seeing a ‘mitigation’ in growth not a slowdown, says Bank of America CEO

The U.S. economy is experiencing a “mitigation of growth” but not a slowdown, Bank of America CEO Brian Moynihan said Friday. Interest rate hikes by the Federal Reserve are starting to be felt in the housing and auto markets, and renters will see their budgets squeezed as landlords pass on …

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Asia would have most to lose if economic fragmentation worsens

Asia-Pacific has more to lose than any other region if the global trade system splits up in the wake of geopolitical tensions, the International Monetary Fund warned. Asia and Pacific countries could lose over 3% in gross domestic product if trade is cut off in sectors hit by recent U.S. …

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