Shein’s draft prospectus showed a 14% decline in US revenue in Q1, attributed to the end of the de minimis exemption. (Reuters pic) HANOI: Just over a year ago, Chinese ultra-fast fashion retailer Shein began leasing 15 hectares of warehouse facilities — equivalent in size to 21 soccer pitches — near Ho Chi Minh City,…
New Delhi: The US Senate has approved a bill that will allow President Donald Trump to impose 100% tariffs on the world’s top five purchasers of Russian oil or natural gas, including India and China. The bill, named in honour of Republican senator Lindsey Graham, a staunch supporter of Ukraine who died on July 11,…
Hong Kong’s food and beverage sector recorded a 10 per cent year on year drop in business over the Christmas period, an industry leader said, as 1.2 million trips were made through the city’s borders on the first day of the long holiday. But the city’s hospitality sector appeared to fare better, with one hotel…
Deep Dive delves into hot issues in Hong Kong and mainland China. Our easy-to-understand articles provide context to grasp what’s happening, while our questions help you craft informed responses. Check sample answers at the end of the page. Rare earth minerals are crucial for many technologies, from smartphones to electric vehicles and weapons. China is…
US President Donald Trump hinted at supporting the proposed Senate legislation to sanction countries conducting business with Russia, as he said that such a measure would be “okay with me,” amid a long-running push to cut Moscow’s access to funding. “The Republicans are putting in legislation that is very tough, sanctioning, etcetera, on any country…
China announced on Monday that it would suspend sanctions against the US subsidiaries of Hanwha Ocean, one of South Korea’s largest shipbuilding giants, as part of a fragile truce in the ongoing trade dispute between the United States and China, News.Az reports, citing foreign media. The sanctions, which had been imposed in October, targeted five US-based…
Fresh US tariffs on imports of medium- and heavy-duty trucks took effect Saturday, although with partial relief for vehicles entering the country under a key North America trade agreement. Commercial trucks cross into Canada from the US.(AFP) The 25-percent tariff on trucks, alongside a 10-percent duty on buses, comes into place after President Donald Trump’s…
Indian exporters may benefit from the ongoing tensions between the US and China, using the opportunity to increase their shipments to the American market, according to exports.Federation of Indian Export Organisations (FIEO) President SC Ralhan said that the higher tariffs imposed by the US on Chinese goods could shift demand towards India, which exported goods…
More than 1.6 million traders lost over $19 billion on cryptocurrency bets as the market crashed from Donald Trump‘s announcement of additional 100 per cent tariffs on China, according to a Bloomberg report. Citing 24 hour data from Coinglass, the report noted that more than $19 billion have been wiped out in the “largest liquidation…
China’s National Day on Wednesday kicked off a week-long holiday that policymakers in Beijing hope will see consumers splurge on travel, entertainment and hospitality. The commerce ministry has told popular cultural and tourist sites to extend opening hours and simplify reservation systems in advance of the holiday to encourage the spending spree China needed to…