Core Insights - UPS's Irish division is pursuing Whaleco Technology for €37 million ($44 million) in unpaid delivery bills related to small-package shipments from September 2024 to December 2025, citing "persistently late" payments as the reason for terminating their interim agreement in September 2025 [2][4] Group 1: Legal Dispute - The case has been admitted to the commercial court, with Whaleco Technology open to mediation to resolve the commercial dispute [3] - UPS claims that Whaleco's later requests for reinstatement of the interim agreement indicate acknowledgment of its termination and that significant discounts on UPS rates no longer apply [4] - Whaleco Technology disputes the termination notice's validity and denies liability for post-termination arrears, alleging service failures on UPS's part [5] Group 2: Regulatory Challenges - Temu, owned by PDD Holdings, faced a raid by EU regulators over potential state subsidies, with the EU planning to introduce a flat €3 ($3.57) fee on small parcels valued under €150 ($178) starting July 1 [6] - The European Commission preliminarily found Temu in breach of the Digital Services Act, which could lead to fines of up to 6% of its total worldwide annual turnover if confirmed [7] Group 3: Financial Performance - Whaleco Technology reported revenues of $1.7 billion in 2024, a significant increase from $758 million the previous year [7] - Temu has over 115 million customers in the EU, representing more than one-quarter of the population [7]