Business

Shein and Temu to hike prices for U.S. shoppers due to Trump tariffsShein and Temu to hike prices for U.S. shoppers due to Trump tariffs

Shein and Temu to hike prices for U.S. shoppers due to Trump tariffs

Shein and Temu, two of the fastest-growing e-commerce platforms in the United States, are preparing to raise prices for American…

2 weeks ago
Trump administration has to do 150 trade deals during 90-day tariff pause, markets skepticalTrump administration has to do 150 trade deals during 90-day tariff pause, markets skeptical

Trump administration has to do 150 trade deals during 90-day tariff pause, markets skeptical

Trump’s announcement of a 90-day pause on reciprocal tariffs sparked temporary optimism, yet market volatility remains high. The Dow Jones…

3 weeks ago
Prada acquires Versace for $1.38 billion despite tariff war uncertaintiesPrada acquires Versace for $1.38 billion despite tariff war uncertainties

Prada acquires Versace for $1.38 billion despite tariff war uncertainties

Italian luxury fashion house Prada Group has reached a deal to acquire designerVersace from Capri Holdings in a…

3 weeks ago
China says it won’t back down against US ‘blackmail’ with tariffsChina says it won’t back down against US ‘blackmail’ with tariffs

China says it won’t back down against US ‘blackmail’ with tariffs

Tensions escalated in the global trade arena on Tuesday as China fiercely pushed back against mounting U.S. tariffs, warning it…

3 weeks ago
U.S. officials claim that over 50 countries have reached out for tariff negotiationsU.S. officials claim that over 50 countries have reached out for tariff negotiations

U.S. officials claim that over 50 countries have reached out for tariff negotiations

More than 50 nations have approached the White House to initiate trade negotiations following the recent imposition of sweeping punitive…

3 weeks ago
President Trump makes global markets melt after unveiling reciprocal tariffsPresident Trump makes global markets melt after unveiling reciprocal tariffs

President Trump makes global markets melt after unveiling reciprocal tariffs

Global markets reeled on Thursday after President Donald Trump announced sweeping tariffs on U.S. trading partners, sending shockwaves through financial…

4 weeks ago
Shein and Temu look to avoid U.S. tariffs by shifting production away from ChinaShein and Temu look to avoid U.S. tariffs by shifting production away from China

Shein and Temu look to avoid U.S. tariffs by shifting production away from China

In the face of increasing uncertainty over U.S. tariffs, eCommerce behemoths Shein and Temu are making efforts to diversify their…

3 months ago
TSMC revises its full-year revenue forecast due to demand for AI chipsTSMC revises its full-year revenue forecast due to demand for AI chips

TSMC revises its full-year revenue forecast due to demand for AI chips

TSMC, the world's largest contract chipmaker situated in Taiwan, has revised its full-year revenue forecast upwards due to robust demand…

10 months ago
Elon Musk announces he is moving his companies to Texas from CaliforniaElon Musk announces he is moving his companies to Texas from California

Elon Musk announces he is moving his companies to Texas from California

Billionaire entrepreneur Elon Musk announced via social media that he will be moving his companies, SpaceX and X, out of…

10 months ago
Taiwan export order goes through sharp decline as global economy slows downTaiwan export order goes through sharp decline as global economy slows down

Taiwan export order goes through sharp decline as global economy slows down

It has been reported that Taiwan has witnessed a substantial drop in export orders as demand from the United States…

1 year ago