EU to impose fee on low-cost imports in further setback for Chinese traders
The FT reports the EU plans to levy a flat fee of €2 on billions of small packages entering the bloc, mainly from China, in a fresh blow to low-cost online retailers such as Temu and Shein.
The front splash features an image of an Israeli tank whilst reporting the UK has condemned Israel’s ramped-up assault on Gaza.
Builder.ai, one of the UK’s best-funded technology start-ups, is entering insolvency proceedings, weeks after restating its revenues and admitting “problems” under its past leadership.
The front page of the Financial Times:
- Israel has launched an assault in Gaza, prompting international condemnation.
- The EU is looking to impose lower fees on imports from China.
- Europe’s populist movements are gaining ground.
- Builder.ai, a British tech company, is experiencing problems with its accounting.
- Billionaire Ratcliffe’s Man Utd bet tested as Ineos empire falters
