Hong Kong’s corporate activity and yuan-driven business have been revitalised as global market participants strengthen ties to China’s economy amid tariffs and geopolitical tensions, according to a senior executive at Deutsche Bank. Companies and investors have increased their exposure to China and hedged against the US dollar as they adjusted their supply chains and portfolios…
When Dale McCarthy couldn’t find skilled workers to produce her brand’s swimwear, she had to take her manufacturing offshore. “You actually need five different types of machinery, and someone who is an expert at using that machinery, to make our swimwear,” she says. The founder of Bondi Born turned to China and Vietnam to manufacture…
Over the past five months, tariffs have shaken the entire fashion industry in the US and beyond. Everyone, from independent designers to the major conglomerates, has been affected. On 29 May, Anna Wintour, global editorial director of Vogue and chief content officer of Condé Nast, visited the White House with Steven Kolb, CEO of the…
Fast fashion retailer Shein has reportedly chosen a new location to go public. The China-founded company is now looking to list in Hong Kong after failing to get Chinese regulators to sign off on its plans for a London initial public offering (IPO), Reuters reported Wednesday (May 28). Sources told Reuters Shein plans to file a draft prospectus with…
The U.S. and its allies across the Atlantic must forge a technology partnership and win the artificial intelligence race even as China makes steady advances, the U.K.’s envoy in Washington said. Ambassador Peter Mandelson warned of the consequences if China continues to get ahead in AI and other key technologies. “They will be able to…
The Hong Kong government has hit out at US senators who have introduced a bill that could lead to sanctions on judges and prosecutors from the city, calling any attempt to interfere with the judicial system “reprehensible”. Authorities voiced their criticism on Saturday as Beijing’s top envoy in the city also said the rise of…
The rise of unilateralism and protectionism poses “a certain amount of challenges” to Hong Kong’s development, Beijing’s top envoy in the city has said, while urging youngsters to embrace patriotism. Cui Jianchun, the commissioner of the Chinese foreign ministry’s office in Hong Kong, said on Saturday that some “large countries” were obsessed with putting themselves…
“Walmart CEO warns prices will rise due to Trump tariffs ” – CBS News Watch CBS News The world’s largest retailer says new import tariffs will force price hikes, raising concerns about inflation and how it could affect American shoppers. Jo Ling Kent reports. Be the first to know Get browser notifications for breaking news,…
President Trump on Friday said his administration will send letters that inform other nations of the tariff rates the U.S. will impose on imports, adding that “it’s not possible to meet the number of people that want to see us.” “[W]e have, at the same time, 150 countries that want to make a deal, but…
Business owner says he’s just trying to stay afloat amid tariff chaos – CBS News Watch CBS News A small business owner is fighting to stay afloat amid the tariff chaos. Carter Evans reports. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source…