The Council of the EU, representing the bloc’s 27 member states, said the duty would remain in place until a permanent framework is introduced to abolish the current de minimis exemption for online purchases valued below €150 (US $ 176). Source link
How a Teenager Built a Six-Figure Ecommerce Business With a 3D Printer
Earlier this year, Michael Satterlee posted a video chugging a Dr Pepper from his “tactical reload can holder.” It’s like a coozie, but more fun. In the video, as he finishes the beverage, another soda can slides into the frame. He slams the can holder on top of it, sending the original Dr Pepper can […]
‘Founder-friendly’ venture capital approach urged for African fintech growth
Venture capital funds investing in African fintech businesses must adopt a “founder-friendly” approach if they are to grow, says Linda Rottenberg, CEO of Endeavor, which mobilises investment capital with a particular focus on fintechs. If entrepreneurs at the scale-up phase after their seed rounds own less than 50% of the business they are at a […]
EU to levy €3 customs duty on small e-commerce parcels from July 2026
European Union (EU) Council has approved a temporary customs measure that will introduce a fixed €3 (~$3.52) duty on small consignments valued at less than €150 entering the EU, effective from July 1, 2026. The move primarily targets parcels arriving through e-commerce channels, which currently benefit from duty-free entry. EU officials said the measure aims […]
CapRelease raises £27m so scale flexible ecommerce capital offering
London-based fintech CapRelease has completed a $36m (£27m) funding round to accelerate its growth in the embedded finance market. Founded in 2023, CapRelease provides flexible capital to ecommerce retailers across all sectors. Rather than basing its loans on credit scores, the platform uses real time data from logistics partners, sales performance, payment systems and consumer […]
Nick Clegg takes on venture capital role alongside Meta AI scientist Yann LeCun
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Nick Clegg is becoming a venture capitalist, with the former Meta executive and UK deputy prime minister taking on a new role as an investor in European technology groups. Clegg, who left Facebook’s parent […]
Global air cargo demand rises, but e-commerce engine slows
Global air cargo saw an early festive lift in November, with demand rising five per cent year-on-year (YoY), although the sector’s e-commerce-driven momentum of the past two years is losing pace, according to Xeneta’s latest market update. Global air cargo demand rose five per cent in November, though e-commerce growth is slowing. Spot rates fell […]
From $200mn Olipop stake to a $2bn Cognition AI play: How Jake Paul aced his financial game – US News
Jake Paul may have built his name through social media drama and headline-grabbing boxing matches, but his smartest punches have landed in the world of venture capital. At just 28, the YouTuber-turned-fighter has put together one of the best-performing personal investment portfolios in recent years, backing billion-dollar winners while the world focused on his controversies. […]
Venture capital hunts for India’s next big consumer AI champion
Several companies have picked up early-stage cheques this year. In August, AI-powered entertainment company Dashverse raised $13 million from Peak XV, with participation from Stellaris and Z47. Audio and video content platform Kuku FM raised $85 million from Granite Asia in October. Former Housing.com chief executive Jason Kothari’s startup Mythik also received $15 million in […]
India and Russia Sign Agreement to Boost E-commerce Trade Growth
India Post and Russia Post Forge Agreement to Enhance Cross-Border E-Commerce New Delhi, December 5 (PTI) – The Department of Posts has finalized a significant bilateral accord with JSC Russia Post concerning the International Tracked Packet Service (ITPS), aimed at augmenting postal cooperation and facilitating e-commerce exchanges between India and Russia, as articulated in an […]