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Boohoo's CEO John Lyttle is stepping down as the company initiates a strategic review of its brands, including Debenhams and Karen Millen. This comes as Boohoo faces declining sales and increased competition, with a 15% drop in revenue reported for the last six months. The company is exploring options to maximize shareholder value.
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As Pinduoduo leads China's e-commerce sector, deflationary pressures mount amid a slowing economy. Consumers are spending less, prompting government intervention. Meanwhile, PayPal expands its services for Chinese merchants despite geopolitical challenges. The landscape is shifting as online retailers adapt to new regulations and market demands.
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Recent reports highlight a worrying trend of venomous scorpions being discovered in packages shipped from China to the UK. Incidents include a student finding a scorpion in a boot shipment and a couple discovering one in a treadmill box. Experts express concern over the frequency of such stowaways.