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Shenzhen Market Supervision Bureau summoned heads of local operations for Meituan, Taobao Flash and JD Waimai after a June 15 unified enforcement action uncovered prominent food‑safety issues tied to 'ghost deliveries'. The bureau served a formal Rem

2026-06-16

Shenzhen Market Supervision Bureau summoned heads of local operations for Meituan, Taobao Flash and JD Waimai after a June 15 unified enforcement action uncovered prominent food‑safety issues tied to 'ghost deliveries'. The bureau served a formal Reminder and Urging Letter requiring platforms to fulfill primary food‑safety responsibilities, strictly vet merchant onboarding, conduct on‑site verification of stores and licenses, prohibit unlicensed, shared or forged credentials and cross-store subcontracted processing, establish routine risk‑screening mechanisms and take measures to prevent a recurrence.

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2026-06-16

WTI crude oil fell 5.00% on the day, currently trading at $77.32 per barrel.

WTI crude oil fell 5.00% on the day, currently trading at $77.32 per barrel.
2026-06-16

German Association of the Automotive Industry (VDA) president Hildegard Müller said the European Parliament has finally approved the EU-US tariff deal and it must now be formally ratified without delay. She said all parties must honor the agreement r

German Association of the Automotive Industry (VDA) president Hildegard Müller said the European Parliament has finally approved the EU-US tariff deal and it must now be formally ratified without delay. She said all parties must honor the agreement reached last summer and that, once the EU fulfills its commitments, President Trump will withdraw his current tariff threat.
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