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Arkansas Attorney General Tim Griffin recently announced a lawsuit against the e-commerce site Temu for violating the state's Unfair Trade Practices Act and Privacy Act. The lawsuit was filed in Cleburne County Circuit Court in Arkansas. The lawsuit seeks to end Tem's “deceptive business practices and violations of users' privacy, impose civil penalties, and provide all other monetary and equitable relief.”The complaint cites reports that Temu asks for users' permission to obtain personal information and then sells that information. Griffin said the practice represents “a data theft business that sells products online as a means to an end.”Temu has quickly…

The Biden administration is moving ahead with plans to restrict U.S. investment in key Chinese technology sectors in a move that will further strain already strained U.S.-China relations. The decision, announced by the U.S. Treasury Department, drew swift and harsh condemnation from Beijing and highlighted the widening rift between the world's two largest economies. The proposed rules, focused on curbing investments in AI, quantum computing and semiconductors, represent the latest offensive in what many observers call a “technology cold war.” These restrictions are aimed at preventing China from gaining an advantage in technologies critical to national security, particularly those with…

To mark a statistic as a favorite, please create an employee account, after which you will be able to access your favorite stats via the star in the header. Register now You are currently using a shared account. To use individual features (mark stats as favorites, set stats alerts, etc.), please log in with your personal account. If you are an administrator, please log in again and authenticate. Log in The most important statisticsThe most important statisticsThe most important statisticsThe most important statisticsThe most important statisticsSome other interesting statistics Online Grocery Shopping in the UK overview Five segment Five consumption…

According to Forbes Advisor, 20.1% of retail purchases are made online and are expected to grow by 23% by 2027. This indicates the huge need for businesses to invest in e-commerce ventures instead of brick-and-mortar stores. As e-commerce gets increasingly built up, the need to expand global reach is at its peak. For this reason, CompRegi: Proper business registration This allows e-commerce platforms to benefit and reach more customers. ComPregi is a leading business development consulting company and service provider. Business registration is essential for any business as it helps e-commerce businesses establish credibility, expand their reach, gain customer trust,…

By Saahil Goel MSME Day 2024: IndiaIndia's e-commerce market is growing exponentially, expected to reach a staggering $300 billion by 2030. This incredible growth is not just a coincidence, but a powerful force driven by small and medium-sized enterprises (SMEs), the backbone of the Indian economy.The days of limited choice and location issues are fast coming to an end. In a world where it takes just a few seconds to compare prices across countless sites, online shopping has become the go-to option for many, eliminating the hassle of visiting multiple stores for what you need. There are over 700 million…

Amazon shares soared to an all-time high on Wednesday, and there's every reason to believe the climb will continue as the e-commerce giant becomes the largest delivery company in the U.S. Bank of America projected Wednesday that Amazon will deliver more than 9 million packages worldwide this year. Leveraging its logistics network buildout and regionalization, analysts said delivery speeds have “improved dramatically, with roughly 25% of estimated packages now being delivered the same or next day.” Bank of America estimates that Amazon will deliver 5.9 million packages in the U.S. in 2023, more than United Parcel Service and FedEx. Despite…

SellersMart was created to fill a void in the e-commerce industry and bridge the gap that exists between vendors and buyers. SellersMart was founded with the wellbeing of its citizens in mind, aspiring to become the largest sales force in the history of Nigeria. The innovative platform takes a fresh approach to e-commerce, exploring uncharted territory to ensure financial success for its users. The technology innovators behind SellersMart aim to drive economic growth, provide a vibrant platform for local businesses, and meet the diverse needs of people across the country. SellersMart is more than just an online marketplace – it's…

British postal and courier company Royal Mail has announced that Glasgow Prestwick Airport will become the UK's newest international e-commerce hub.Royal Mail said the airport was chosen because it offers a number of advantages over other airports across the UK, including up to half the cost of landing at some UK hubs.Nico le Roux, development director at Glasgow Prestwick Airport, said: “We are confident that our new 'fast and efficient e-commerce solution' will provide real cost savings to our customers compared to other UK air cargo hubs, whilst ensuring we can meet our delivery time commitments to our customers.”“We do…

The Centre for Long-Term Resilience (CLTR) is calling for a comprehensive incident reporting system to urgently address critical gaps in AI regulatory plans. According to CLTR, AI has a history of failing in unexpected ways, with more than 10,000 safety incidents in deployed AI systems documented by news outlets since 2014. As AI becomes more integrated into society, the frequency and impact of these incidents is likely to increase. Drawing parallels with safety-critical industries such as aviation and healthcare, the think tank argues that well-functioning incident reporting systems are essential for effective AI regulation — a view supported by broad…

The Centre for Long-Term Resilience (CLTR) is calling for a comprehensive incident reporting system to urgently address critical gaps in AI regulatory plans. According to CLTR, AI has a history of failing in unexpected ways, with more than 10,000 safety incidents in deployed AI systems documented by news outlets since 2014. As AI becomes more integrated into society, the frequency and impact of these incidents is likely to increase. Drawing parallels with safety-critical industries such as aviation and healthcare, the think tank argues that well-functioning incident reporting systems are essential for effective AI regulation — a view supported by broad…