European Commission fines AliExpress (BABA / 9988 HK) EUR 550mln for breaching the Digital Services Act
The fine against AliExpress for breaching the Digital Services Act signals increased regulatory scrutiny on e-commerce platforms in Europe.
Brookfield (BAM) to acquire LXP Industrial Trust (LXP) for USD 5.2bln all-cash
Bank of Israel minutes note that all MPC members voted to cut the benchmark interest rate by 25bps to 3.5% on July 6th
European Commission fines AliExpress (BABA / 9988 HK) EUR 550mln for breaching the Digital Services Act
Newsquawk Daily US Opening News - 20th July 2026
European Commission sends Statements of Objections to several companies and trade associations in suspected construction chemicals cartel; EU said it has charged Sika (SIKA SW) and other companies
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- "European Commission fined AliExpress EUR 550mln for breaching its obligations under the Digital Services Act (DSA) to diligently assess and mitigate risks relating to the sale of illegal, unsafe or counterfeit products on its e-commerce platform. The Commission has ordered the platform to take action."
This could lead to potential operational adjustments for AliExpress and similar companies, impacting their compliance costs and market strategies. Additionally, it may set a precedent for future enforcement actions within the sector, influencing investor sentiment and stock performance in affected companies.
Related headlines
- PRE-MARKET CHINESE STOCKS NEWS: China is to allow its USD 568bln social security fund to access the Southbound Bond Connect program5 hours ago
- PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TSMC (2330 TT) plans to adopt ASML’s high-NA EUV lithography equipment for high-volume manufacturing from 20305 hours ago
- PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Samsung Electronics (005930 KS)** - Co. opened an AI chip R&D hub in Yokohama to collaborate with Japanese companies on advanced semiconductor packaging6 hours ago
- Singapore Airlines (SIA SP) seeks tougher terms for Air India funding and greater governance rights, with the latter seeking USD 1.5bln in fresh equity. 1 hour ago
- BHP Group (BHP AT) says new Rio Doce deal brings over BRL 1.2bln in additional reparations payments2 hours ago
- PRE-MARKET INDIAN STOCKS NEWS: Bank of Baroda (BOB IS) plans to divest up to 7.69mln NSE shares,2 hours ago
- Mizuho Financial Group (8411 JT) raises its long-term prime rate to 3.40% from 3.25%2 hours ago
- Kioxia (285A JT) CEO dismisses prospects for closer ties with SK Hynix (000660 KS)5 hours ago
- Wildcat lobs counterbid for Austal’s (ASB AT) US division valued at AUD 1.73bln-1.87bln, according to AFR5 hours ago
- Acer (2353 TT) Aug Revenue (TWD) 30.2bln, +38.4% Y/Y20 hours ago
- Samsung Display (005930 KS) is reportedly set to significantly expand 2027's supply volume, focused on foldable phones and iPads, ZDnet reports23 hours ago
- PRE-MARKET INDIAN STOCKS NEWS: Adani Power (ADANI IS) received a Letter of Intent to acquire GVK Energy1 day ago
- China tells steel mills to hold off on purchasing Rio Tinto's (RIO AT) ores1 day ago
- European Equity pre-Market Summary - 9th September 2026: European bourses are indicative of a slightly softer open; Inditex reports poor results35 min ago
- Newsquawk Daily European Equity Opening News - 9th September 202651 min ago
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed with the region partially shrugging off the weak US lead following a fresh exchange of US-Iran strikes and escalation in the US-Canada trade war3 hours ago
- [MARKET ANALYSIS] DXY is little changed ahead of inflation data later in the week and despite the US announcing an import ban on some Canadian goods as trade war escalates3 hours ago
- [MARKET ANALYSIS] T-note futures are little changed after yesterday's indecisive mood and with key inflation data due later this week3 hours ago
- [MARKET ANALYSIS] Oil prices are underpinned after US and Iran conducted a fresh round of retaliatory strikes4 hours ago
- PBoC sets USD/CNY mid-point at 6.7709 vs Exp. 6.7042 (prev. 6.7804)5 hours ago
The whole workspace, free to try.
Try it free