A report from the Business & Human Rights Resource Centre has called out many major fashion brands for their harmful labor practices. What’s happening? Al Jazeera stated that the report, titled The Missing Thread, looked at 65 global fashion brands. Forty-four of them had previously pledged to reduce carbon emissions, but none of them created…
A German pension fund has tapped a Chinese firm’s Hong Kong arm to help it invest in local stocks, in a rare move among global allocators that have been cautious about gaining exposure to the nation’s equities. KZVK, which manages €34.1 billion ($40 billion), gave $50 million to Fullgoal Asset Management (HK) Ltd. in the…
TikTok is building a new version of its app for users in the US ahead of a planned sale of the app to a group of investors, The Information reported on Sunday, citing unnamed sources. This comes as President Trump said on Friday he will start talking to China on Monday or Tuesday about a…
WASHINGTON (AP) — Barack Obama had the Affordable Care Act. Joe Biden had the Inflation Reduction Act. President Donald Trump will have the tax cuts. All were hailed in the moment and became ripe political targets in campaigns that followed. In Trump’s case, the tax cuts may almost become lost in the debates over other…
SHANGHAI (AP) — A giant 26-meter (85-foot) Lego figure named Dada welcomed visitors to the new Legoland resort in Shanghai. The resort, which opened Saturday, is the first in China. It is one of 11 parks across the world and was built with 85 million Lego bricks. Among the main attractions is Miniland, which replicates…
China is ready to cooperate with France in industries such as nuclear power, aviation, artificial intelligence, green energy and biotechnology, Foreign Minister Wang Yi said. Wang’s comments in Paris capped a European visit that also took him to Brussels and Berlin. During his trip, China announced anti-dumping duties on European brandy while exempting major cognac…
President Trump recently said he found a buyer for TikTok, the controversial Chinese-owned short-video app but his real problem is with the seller, On The Money has learned. TikTok is being used as a pawn in the US-Chinese trade negotiations by Beijing, which knows that Trump wants the app to remain operating in the US,…
In early June, the French Senate voted almost unanimously for a bill targeting “ultra fast fashion” brands, imposing eco-taxes and limiting fast-fashion advertisement and influencer promotion, Euronews reported. However, critics believe that the bill, which mostly targets Asian-owned fast-fashion giants Shein and Temu, does not do enough to restrict fast-fashion culture in the country beyond…
MANILA, Philippines — Asian shares were mixed on Friday after U.S. stocks climbed further into record heights as the clock ticks on President Donald Trump’s July 9 tariff deadline. Japan’s Nikkei 225 fell 0.6% to 39,762.20 after earlier gains, while South Korea’s KOSPI index was down 1.2% to 3,078.31. Hong Kong’s Hang Seng index lost…
BEIJING (AP) — The Chinese government is signaling enough is enough when it comes to the fierce competition in the country’s electric car market. China’s industrial policy has engineered a remarkable transformation to electric vehicles in what is the world’s largest auto market. In so doing, it has spawned far more makers than can possibly…