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German customs authorities are pursuing ASOS for alleged unpaid import duties spanning several years, according to sources familiar with the matter. The online fashion retailer reportedly faces initial assessments in the tens of millions of euros but maintains its actual liability is significantly lower. ASOS confirmed it is contesting the claims through legal channels while continuing operations in the German market.
German tax authorities are reportedly pursuing ASOS for substantial unpaid customs duties, adding to the challenges facing the UK-based fast fashion retailer during its ongoing turnaround efforts. According to sources familiar with the situation, the dispute involves customs declarations on ASOS shipments crossing into Germany over multiple years, with initial assessments reaching tens of millions of euros.
Nestlé has announced a sweeping global workforce reduction affecting over 16,000 employees as newly appointed CEO Philipp Navratil implements a…
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Apple has introduced its next-generation M5 processor in updated MacBook Pro and iPad Pro models, promising substantial AI performance improvements and new connectivity features. The chips reportedly deliver up to 3.5x faster AI performance compared to previous generations while introducing Apple’s first cellular modem for iPad devices.
Apple’s latest Apple M5 processor has debuted in three flagship products, according to reports, with the new chip powering the updated MacBook Pro 14-inch, iPad Pro, and Apple Vision Pro. Sources indicate the devices became available for pre-order with an October 22 sales date, marking another step in Apple’s silicon evolution that began with industry-shifting transitions documented in analyses like the Pandora’s AI commerce playbook.
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