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The European Consumers Organisation (BEUC) has lodged a complaint against Shein with the European Commission, accusing the fast-fashion retailer of employing "dark patterns" to manipulate consumer behavior. Tactics highlighted include pop-ups warning against leaving the app, countdown timers, and excessive notifications, which BEUC claims may violate EU regulations on aggressive commercial practices. This action reflects a broader regulatory trend addressing manipulative online shopping strategies prevalent in the fast fashion industry, where rapid consumption is driven by psychological manipulation.
Swiss healthtech startup Aeon has secured €8.2 million (US$9 million) in seed funding, led by Concentric, to enhance its AI-driven preventive healthcare services, including whole-body MRI scans and genetic testing. The funding will facilitate expansion into Switzerland, Germany, and the UK, with plans for over 10 new locations. Aeon's innovative approach addresses the significant preventive care gap, aiming to reduce chronic disease burdens through comprehensive diagnostics and insurance reimbursement strategies.
Ray Dalio will continue as an informal, unpaid advisor to Indonesia’s Danantara, aiding its leadership and President Prabowo Subianto in attracting investments crucial for the nation's development. His involvement, alongside other high-profile advisors, aims to enhance the fund's global credibility and investor confidence. Recent communication challenges regarding his status have highlighted the need for clear public messaging to maintain market stability and investor trust.
Nintendo is set to launch the Switch 2 on Thursday, with midnight parties planned and over 2.2 million pre-orders in Japan, signaling a potential record-breaking debut. Priced at $449.99, the new console features enhanced capabilities but faces challenges, including high costs and supply issues. Analysts predict strong initial sales, though sustaining momentum may be difficult amid tariff uncertainties and rising game prices.
Aberdeenshire's feed manufacturer has successfully secured £7.5 million in refinancing. This financial boost is expected to enhance the company's operations and support its growth initiatives in the competitive feed market.
[Bloomberg]
Scalable Capital, a Munich-based fintech firm, has raised €155 million (US$169 million) in its largest funding round to date, bringing total investments to over €470 million. Founded in 2014, the company has evolved from a robo-advisor to a full-stack investment platform, serving over one million customers managing more than €30 billion in assets. The new funding will support its platform development and expansion across Europe, capitalizing on the growing retail investing market.
Wordsmith AI, a legal technology startup from Edinburgh, has successfully raised $25 million in its Series A funding round, led by Index Ventures and supported by Scottish Enterprise. This investment boosts the company's valuation to over $100 million, marking its significant presence in Scotland's tech sector.The startup focuses on developing AI infrastructure for legal applications, reflecting a broader industry trend towards specialized roles like "legal engineers," who combine legal expertise with technology to enhance efficiency in legal processes. As the legal tech market continues to grow, Wordsmith AI is well-positioned to meet the increasing demand for transparency and efficiency in legal services.
Dutch car-sharing company MyWheels is set to integrate 500 Renault electric vehicles (EVs) into its fleet, marking Europe's largest vehicle-to-grid (V2G) rollout. This initiative aims to enhance grid stability by allowing EVs to store and return electricity during peak demand, utilizing bidirectional chargers from We Drive Solar. The project, based in Utrecht, is expected to be fully deployed by 2026.
Amber, an Australian energy tech firm, has raised $45 million to enhance its battery and EV automation technology, capitalizing on the upcoming Cheaper Home Batteries Program set to launch in July 2025. With a 40% market share in automated home batteries, Amber is expanding into Europe and developing vehicle-to-grid (V2G) features, allowing customers to sell energy back to the grid. This strategic move aligns with a global surge in clean energy investment, positioning Amber for significant growth in both domestic and international markets.
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Shein faces EU complaint for using manipulative online shopping tactics
07:35 05.06.2025
Swiss healthtech startup Aeon secures 9 million dollars for preventive healthcare expansion
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ray dalio continues as informal advisor to indonesias danantara investment body
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nintendo prepares for record launch of switch 2 amid high demand
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Aberdeenshire feed manufacturer obtains 7.5 million pounds in refinancing
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