A major investor in Coupang Inc. has urged the US government to investigate South Korea over what it alleges is discriminatory treatment of the American-listed e-commerce company, escalating a dispute that could spill into broader trade relations between Washington and Seoul. Greenoaks Capital Partners LLC said it has filed a petition asking the Office of the US Trade Representative to investigate...
A major investor in Coupang Inc. has urged the US government to investigate South Korea over what it alleges is discriminatory treatment of the American-listed e-commerce company, escalating a dispute that could spill into broader trade relations between Washington and Seoul. Greenoaks Capital Partners LLC said it has filed a petition asking the Office of the US Trade Representative to investigate South Korea under Section 301 of the Trade Act, while separately notifying Seoul that it intends to file arbitration claims under the US-Korea free trade agreement. The firm also distributed a draft letter to President Lee Jae Myung saying that his administration was targeting Coupang through disproportionate regulation following a data-breach incident late last year. The dispute is contributing to friction between Washington and Seoul over digital regulation and market access. Those issues were among the key discussions held between the two sides during negotiations over a trade deal last year to lower US tariffs on Korean exports. The latest moves by Greenoaks raise the risk that a company-specific investigation could widen into a broader trade confrontation. The investment company, which says it owns over $1.4 billion of Coupang shares, alleges that Korean authorities singled out the company with sweeping investigations, raids and public criticism, while taking a more lenient approach toward domestic and Chinese rivals. It claimed the measures wiped billions of dollars from Coupang’s market value, losses it says were borne largely by US investors. Coupang is South Korea’s largest e-commerce company and one of the country’s most prominent US-listed technology firms, often described as the “Amazon of South Korea.” Founded in 2010, the company operates a nationwide logistics network enabling next-day and overnight deliveries, serving more than 33.7 million customers. Read also: Absent Billionaire Kim Under Fire At Coupang Breach Hearing The move follows public backing from...
NEW DELHI, Jan 22 (Reuters) - Apple has asked an Indian court to stop the country's antitrust watchdog from seeking its global financial records as part of an investigation into its app store policies
NEW DELHI, Jan 22 (Reuters) - Apple has asked an Indian court to stop the country's antitrust watchdog from seeking its global financial records as part of an investigation into its app store policies
Retailers report weaker sales over festive period amid ‘subdued consumer confidence’ The discount retailer B&M cut its profit forecast, while the value books and crafts chain The Works reported a fall in sales, highlighting a difficult Christmas trading period for British stores. B&M’s UK sales fell by 0.6% on a like-for-like basis in its third quarter to 27 December, though it said sales improved...
Retailers report weaker sales over festive period amid ‘subdued consumer confidence’ The discount retailer B&M cut its profit forecast, while the value books and crafts chain The Works reported a fall in sales, highlighting a difficult Christmas trading period for British stores. B&M’s UK sales fell by 0.6% on a like-for-like basis in its third quarter to 27 December, though it said sales improved in December after it reduced prices. Continue reading...
The European Union’s ban on the import of fuels made from Russian crude has put some traders on edge as the bloc’s curbs enter into force — a reminder of the potential for blowback from regulations that are designed to hurt Moscow. The European Union confirmed last summer that companies would be banned from importing fuel made from Russian oil, a measure that entered into force on Wednesday. A han...
The European Union’s ban on the import of fuels made from Russian crude has put some traders on edge as the bloc’s curbs enter into force — a reminder of the potential for blowback from regulations that are designed to hurt Moscow. The European Union confirmed last summer that companies would be banned from importing fuel made from Russian oil, a measure that entered into force on Wednesday. A handful of middlemen said a caution-first approach is being taken toward any supplies that might fall foul of the new rules, although others said imports should be fine as long as the right paperwork is in place. How traders interpret the rules matters because about a fifth of the EU’s seaborne diesel and jet fuel imports come from India and Turkey, both of which received significant quantities of Russian oil over the past year. Any interruption to those deliveries could erode Europe’s supplies at a time of geopolitical tension . Europe’s diesel market is showing some signs of supply pressures, with benchmark futures hitting their widest premium to crude since early December on Wednesday, according to fair value data compiled by Bloomberg. Along with the new EU sanctions, traders are contending with recent cold weather — heating oil, a diesel-type fuel, is still used for warmth in parts of the region — and lower exports from Russia . The EU’s new rules are designed to prevent Russia’s hydrocarbons coming into the bloc through any so-called “ back door ” trading. Since the Kremlin began its invasion of Ukraine in early 2022, India and Turkey have increased imports of oil from Russia, while also sending more fuel — much of it diesel — to the EU. While the new rules ban imports of fuel made using Russian crude, there are some important nuances: a refinery can process Russian oil and send fuel to the EU, as long as the product comes from a “non-Russian oil” production line, according to EU guidance . One focal point for traders has been cargoes from India, and in particular Relian...
TURIN, Italy, January 22, 2026--Reply [EXM, STAR: REY] is supporting the global retailer Otto Group in implementing a central, AI-driven virtual control system for intelligent robotic orchestration. Developed as part of a strategic collaboration between Otto Group, Reply, and NVIDIA, the "Robotic Coordination Layer" enables the training, simulation, and orchestration of autonomous mobile robots an...
TURIN, Italy, January 22, 2026--Reply [EXM, STAR: REY] is supporting the global retailer Otto Group in implementing a central, AI-driven virtual control system for intelligent robotic orchestration. Developed as part of a strategic collaboration between Otto Group, Reply, and NVIDIA, the "Robotic Coordination Layer" enables the training, simulation, and orchestration of autonomous mobile robots and stationary systems, accelerating delivery times and enhancing service levels