Temu hit with $232 million fine over unsafe toys and electronics

LONDON (AP) – Temu was hit with a 200 million euro ($232 million) fine Thursday after a European Union investigation found the Chinese online retailer failed to protect consumers from illegal products like toxic or hazardous toys and unsafe electronics.

Australia launches record $1.4B lawsuit against 3M over 'forever chemicals'

MELBOURNE, Australia (AP) – Australia is suing U.S. conglomerate 3M for more than 2 billion Australian dollars ($1.4 billion) over so-called “forever chemical” contamination from firefighting foam at defense bases, the government said on Thursday.

Average US long-term mortgage rate climbs to 6.53%

The average long-term U.S. mortgage rate rose again this week, reaching its highest level in nine months, another setback for prospective homebuyers.

Editorials from The Washington Post, The Wall Street Journal, The Guardian and others

Excerpts from recent editorials in the United States and abroad:

Gamification lures young people to sports wagering apps, prediction markets

When Rory McIlroy won the Masters for the second year in a row, Kalshi shared a photo of him on Instagram with the words, “Wait he’s goated.” When a video of NBA player Damian Lillard recovering from an injury circulated online, Kalshi’s main competitor Polymarket posted, “The league is cooked.”

Tencent to allow PayPal payments through WeChat networks

HONG KONG (AP) – PayPal users will be able to make cashless payments in China using QR codes through Tencent’s WeChat Pay’s extensive merchant network, the Chinese technology giant says, in a move calibrated to attract more foreign tourists.

US jobless claims rise to 215,000 but layoffs remain low

WASHINGTON (AP) – More Americans sought unemployment benefits last week, but layoffs remain low despite economic uncertainty caused by the Iran war.

Canada and Germany make LNG deal as Carney diversifies from US

TORONTO (AP) – Canada has reached a deal to export liquefied natural gas to Germany from a planned Pacific Coast terminal, an official familiar with the matter said Tuesday. The official confirmed Canada will sign the agreement with Germany’s SEFE group, which stands for Securing Energy for Europe, from the proposed KSI Lisims export facility on the coast of British Columbia.

SpaceX's Starship rockets are grounded pending investigation after test flight

CAPE CANAVERAL, Fla. (AP) – SpaceX Starship launches are on hold pending an investigation into last week’s test flight.