Companies

Alcoa’s decision will come a few months after new chief executive William Oplinger told analysts on an earnings call that company executives consider Kwinana a .marginal asset’.
Business
Joe Deux

Alcoa partner in ASX halt over Kwinana refinery future

Alcoa is preparing to announce that production will be curtailed at one of its three WA refineries as the top US aluminium producer begins to reckon with cost-cutting measures.

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Temu launched in the United States in September 2022 and quickly became popular.
Business
CNBC

Temu is drawing shoppers from U.S. dollar stores

Temu, the fast-growing Chinese e-commerce platform selling super cheap products, is successfully taking on U.S. dollar stores including industry leaders.

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A former global diversity strategist at Facebook pleaded guilty to wire fraud after stealing more than $4 million from the social media giant.
Business
CNBC

Former Facebook worker pleads guilty to stealing

A former Facebook global diversity strategist stole more than $4 million from the social media giant ‘to fund a lavish lifestyle’ in California and Georgia, federal prosecutors said.

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Temu has filed a new lawsuit against rival Shein just weeks after both parties decided to drop their previous lawsuits against each other.
Companies
CNBC

‘Mafia-style intimidation’: Temu files lawsuit against Shein

Temu has filed a new lawsuit against rival Shein just weeks after both parties decided to drop their previous lawsuits against each other over copyright and antitrust concerns.

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