Law & Trade
Italian clothes group Benetton has paid USD1.1 million into a fund for victims of the Rana Plaza factory collapse that killed 1,100 workers in Bangladesh two years ago, the company said on Friday, after pressure from activists to donate to the fund.
Benetton's contribution comes after more than one million people signed a petition on campaigning site Avaaz calling for the Italian label to join other Western brands linked to the world's deadliest clothing industry accident in donating.
China's e-commerce giant, Alibaba Group, has been fined CNY800,000 (USD129,000) by the price bureau in eastern Zhejiang province for violations by third-party sellers during promotions on its e-commerce platforms.
Since Alibaba turned "Singles' Day", a November 11 Chinese response to Valentine's Day, into an online shopping festival in 2009, the event has grown to similar proportions as Cyber Monday and Black Friday in the United States.
Indonesia on Thursday officially banned the sale of alcoholic beverages in convenience stores and other small shops, but senior officials in the capital are already expressing fears that the nation-wide regulation could hurt tourism.
The government has ordered Australia's biggest supermarket chain to pull down a website that has been widely accused of commercializing Australia's Veterans' Day near its centenary.
Woolworths, which brands itself as "The Fresh Food People," briefly launched a Website "Fresh in Our Memories" late Tuesday to commemorate ANZAC Day on April 25.
US retailing giant Costco is appealing a court decision blocking it from selling alcohol at its new Adelaide store, as the government is urged to review restrictions on supermarkets.
Australia's complicated alcohol retail market is under the spotlight after the Harper review into competition policy said restrictions preventing supermarkets from selling liquor "impede competition".
Well-known Japanese store, DAISO Japan, was raided by investigators on Monday for failing to report its mislabelled Japanese food products back to the government, according to the Taipei District Prosecutors Office. Taipei City's Health Bureau sent officials to investigate DAISO Japan headquarters on Monday, after Taoyuan's Health Bureau discovered restricted products in the city's Luchu District warehouses on Saturday.
Yiwugou.com, the official website of Yiwu Commodity Market, the largest commodity wholesale market in the world, has announced that ten sellers on Yiwugou.com have gained the first batch of official online business licenses which will add significant integrity to the e-commerce credit system in China.
Struggling surf-wear retailer Billabong said on Thursday it received notice of a shareholder class action lawsuit over market disclosures it made four years ago.
The Federal Court of Australia online register said law firm Slater & Gordon filed a statement of claim a day earlier. A Slater & Gordon spokesperson was not immediately available for comment.
The law firm said a year ago that it planned to seek compensation for shareholders, alleging the company gave earnings guidance for the 2012 financial year that lacked reasonable grounds.
Chinese consumers who receive shoddy goods from online purchases can now hold trading platforms responsible, according to China's first regional regulation on online sales issued on Thursday in Hangzhou, capital of Zhejiang Province, which is home to a number of China's e-commerce heavyweights such as Alibaba.
The Provisional Regulation on Online Sales Management gives consumers the right to ask e-commerce trading platforms to help settle their disputes with online businesses over unsatisfied purchases.
Australian Small Business Minister Bruce Billson has won support for the grocery industry code of conduct from discounter Aldi but is disappointed that wholesaler Metcash has agreed to adopt elements of the code rather than sign up in full.
The code, which was tabled in Parliament on Monday and takes effect on Tuesday, prohibits certain types of unfair conduct by retailers and wholesalers in their dealings with suppliers and provides a clearer framework for retailer and supplier negotiations.