A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. New York CNN — Tariffs are a subject that, for weeks, has been difficult to write about. The Trump administration’s plans seem to shift by the hour; certain industries end up with carve-outs;…
The UK economy grew faster than initially estimated in the first half of last year but has shown little growth since Labour took power last summer, according to data from the Office for National Statistics. The ONS has revised its estimate for gross domestic product (GDP) growth between January and March 2024 to 0.9 per…
“Everything I want to say you will feel when you see the clothes.” Donghui Wei knows how to deliver a good soundbite. But even punchier than his memorable quips are his opulent, unabashedly seductive clothes. While the world has been going around in circles between dressiness and comfort, elegance and coziness, Wei has been confidently…
By Greg Torode HONG KONG (Reuters) – China deployed two long-range H-6 bombers around the Scarborough Shoal this week, in Beijing’s latest move to assert sovereignty over the hotly disputed atoll in the South China Sea, satellite images obtained by Reuters showed. The deployment, which was not … Source link
In a major bet last summer, Ukraine launched a daring offensive on Russian soil, the first invasion of Russia since World War II. That incursion into the Kursk region stunned Moscow and provided a much-needed morale boost for Ukrainians, but after months of fierce fighting, Russia has recently clawed back almost all of the territory…
With tariffs and economic uncertainty weighing on the automotive industry, dealers are navigating a fast-changing landscape. Tom Maoli, president and CEO of Celebrity Motor Car, joins us on the latest episode of Inside Automotive to discuss how the tariffs are affecting sales, why he believes the EV market is struggling, and what concerns him most…
Russian President Vladimir Putin proposed Friday to put Ukraine under external governance under the U.N. aegis as part of efforts to reach a peaceful settlement, a blustery statement that reflected the Kremlin leader’s determination to achieve his war goals. Speaking to the crew of a Russian nuclear submarine in televised remarks broadcast early Friday, Putin…
Automakers can respond to President Trump’s new 25 percent tariffs on imported cars and parts in several ways. But all of them cost money and will lead to higher car prices, analysts say. Manufacturers can try to move production from countries like Mexico to the United States. They can try to increase the number of…
Less isn’t always more, but in this case, it is. 2023 saw the quiet luxury trend dominate in fashion circles. And yet, it appears it’s not just a trend. Rather, it’s a fashion phenomenon, a lifestyle. Though it’s known to go by different names, quiet luxury is a resurgent fashion movement that encourages investment in…
What’s going on here? Hong Kong’s markets took a hit as worries about US tariffs and profit-taking led the Hang Seng Index to drop, fueled by Washington’s newly announced 25% car levy. What does this mean? Hong Kong’s stock market stumbled as the week closed, overshadowed by the impending 25% US car levy set to…