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Worldview: Temu Files New Lawsuit Against Rival Shein

This week’s round-up of global markets fashion business news also features interest payments outpace spending on clothes in Korea, Alibaba loses senior cloud executive as uncertainty persists and COP28 ends with deal on a transition away from fossil fuels.
Shoppers hold a loft Shein shopping bags outside a pop-up store.
The EU is looking to impose tougher regulations on fast fashion companies like Shein. (Cezaro De Luca/Europa Press via Getty Images)

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