The final list of countermeasures prepared by the Commission to respond to Trump’s steel and aluminum tariffs, which entered force on March 12, will not fully match their estimated impact of €26 billion on EU exports, Trade Commissioner Maroš Šefčovič said after the talks. That’s less than originally intended after EU countries lobbied to remove…
Hong Kong is on the cusp of a transformative shift as it embraces the low-altitude economy, a rapidly growing sector poised to revolutionise industries, reshape urban landscapes and redefine modern living. Advances in artificial intelligence, intelligent networks and human-computer interaction are driving the integration of autonomous aerial vehicles and drones into everyday life. Globally, the…
Contemporary Amperex Technology Co. Ltd. has received China’s approval to proceed with a potentially blockbuster share sale in Hong Kong. CATL, as the world’s top electric-vehicle battery maker is known, said Tuesday it had been given the green light from the China Securities Regulatory Commission to issueBloomberg Terminal as many as around 220 million shares,…
The State Council, China’s cabinet, on Wednesday issued a regulation saying the country may take countermeasures if foreign countries impose discriminatory or restrictive measures against its citizens or organisations in intellectual property disputes. It issued the rule as part of Beijing’s efforts to strengthen its toolbox to counter external “containment and suppression”. The rule, part…
The arguments for allowing legal betting on basketball are much the same as those for legalising football betting in 2003. Then, expansion of legal gambling beyond horse racing and Mark Six was justified to combat thriving illegal operations, which is now the case with rogue betting on basketball. The latter now turns over up to…
Published: March 6, 2025 at 6:00 a.m. ET Investors got what they wanted on Wednesday — temporary tariff relief from the Trump administration that finally halted a two-day selloff that sent the stock market into a tailspin earlier this week. However, so-called reciprocal tariffs on foreign imports from all major U.S. trading partners are still coming in…
[Ray Bogan] Members of Congress are introducing a resolution to nullify a new regulation for digital consumer payment applications like Venmo and PayPal. The rule was created by the Consumer Financial Protection Bureau (CFPB) during the final weeks of the Biden Administration and requires the payment companies to follow similar rules as banks. Sen. Pete…
In 2022, Puma sued Brooks for using “Nitro” to advertise its running shoes. Credit: mega noer cahyani/Shutterstock. Germany-based footwear and apparel brand Puma and Brooks Sports, a subsidiary of Berkshire Hathaway, have reached a settlement in running shoe patent and trademark infringements disputes. The resolution comes after both companies filed motions to dismiss their respective lawsuits with…
A change requiring app developers to disclose their address, phone number, and email information to consumers has gone live on the App Store within the European Union. Apple on Tuesday announced it has removed any EU apps that haven’t yet complied with the Digital Services Act (DSA), a regulation that had added a requirement in…
Hong Kong’s legal system is, in many respects, playing catch up with developments around the world which have seen new technology embraced and deployed. Progress has been made in the use of remote hearings and the electronic filing of court documents, with voice-to-text recording of proceedings and broadcasting of cases trialled. In the fast-developing field…