Author: Press Room

DHgate, a Beijing-based business-to-business (B2B) e-commerce platform founded in 2004, directly ships factory-made goods from China under the de minimis rule. US downloads increased by a staggering 940 per cent from its 30-day average, according to data from app intelligence firm Appfigures, cited by media company Cailianshe. At the same time, analysts warned that the boom could also backfire as platforms face scrutiny over intellectual property and quality. SPILLING THE TEA ON LUXURY BRANDS A global digital information war is also taking place, with Chinese content creators flooding platforms like TikTok, using videos to pull back the curtain on China’s…

International lawyer Lara Elborno says that the situation continues to deteriorate as Israel blocks aid

FIRST ON FOX: A top House Republican is leading a formal rebuke of the Biden administration’s gun control policies on Thursday.House Small Business Committee Chair Roger Williams, R-Texas, is introducing a resolution slamming the Democrat former president while lauding the current White House “as they work to protect Second Amendment freedoms by reviewing and eliminating any of the Biden administration’s infringements on [Americans’] constitutional freedoms.”The resolution is backed by at least 14 of Williams’ fellow House Republicans.NRA LEGISLATIVE EXPERT SAYS GUN RIGHTS COULD SEE ‘MOST MONUMENTAL’ WIN IN CONGRESS SINCE 2005 The new House resolution praises President Donald Trump while…

A Frontier Airlines passenger recounted how one of the plane’s wheels broke off during a terrifying landing in Puerto Rico on Tuesday.Melani Gonzalez Wharton wrote on Facebook that her family’s flight from Florida to Puerto Rico became a “horrific experience” as the plane tried to land at Luis Munoz Marin International Airport.”For a few minutes I thought it was the end of our story here on earth,” Wharton wrote on Facebook.Wharton described watching the ordeal unfold through her window on the flight.NYC HELICOPTER TOUR COMPANY SHUTS DOWN AFTER HUDSON RIVER CRASH THAT KILLED 6: FAA No injuries were immediately reported after…

First came the tariff threats. Then the annexation taunts. But it wasn’t until reports surfaced about foreigners detained while trying to enter the U.S. that Oscar Acosta decided to call off trips to three business conventions south of the border.He was “undeterred until last month” — when the tech CEO read about 35-year-old Canadian actress and entrepreneur Jasmine Mooney, who was held in detention for 12 days after reapplying for a work visa at the American border in San Diego and then banned from the U.S. for five years.“That struck fear in my heart,” said Acosta, who runs Ottawa-based startup…

In tonight’s show, Ben Harvey explains how Donald Trump broke economics, with his trade war upending the finance world’s most fundamental doctrine and booby-trapping Australia’s property market.

Hopes that Trump’s blistering tariffs can be pared back have helped temper some of the disquiet on markets after a rout at the start of the month, fuelled by talk of a global recession and an upending of historic trading norms. Some have said there were rumblings that the target of his most painful measures could be open to dialogue, with Bloomberg reporting China wants to see some measures beforehand, including reining in some Cabinet members’ anti-Beijing comments. Shares in Tokyo rose more than 1 per cent with Hong Kong, Singapore and Mumbai, while Shanghai, Sydney, Seoul, Wellington, Bangkok and…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Payments provider Global Payments has struck a $24.2bn cash-and-stock deal to buy rival Worldpay from GTCR less than two years after the private equity group bought a majority stake in the company. As part of a three-way deal announced on Thursday, GTCR will receive 59 per cent of the deal value in cash and the remainder in Global Payments stock. Fintech group FIS, which owned a 45 per cent stake in Worldpay, will take control of Worldpay’s issuer solutions arm, valued at…

It’s not just stocks or rates. Corporate debt markets have also been “yippy” lately. And one corner to keep an eye on are exchange traded funds that invest in collateralised loan obligations.CLO ETFs have exploded in popularity over the past couple of years, with aggregate assets across the handful of funds surging to $30bn — about 13 times the $2.3bn they held at the end of 2022 — as investors lapped up their punchy yields. About half of it has gone into Janus Henderson’s JAAA ETF alone, which invests in the top-notch triple-A rated slices of CLOs. However, a few…

Caleb Williams, the top pick in last year’s NFL Draft, experienced some highs and lows during his rookie season. However, the Chicago Bears quarterback is speaking out on at least one of the ways he plans on approaching his second NFL season. Developing close friendships with fellow quarterbacks across the league is something Williams is simply not interested in. Chicago Bears quarterback Caleb Williams, #18, leaves the field after an 18-15 loss to the Washington Commanders in an NFL football game on Sunday, Oct. 27, 2024 in Landover, Maryland. (AP Photo/Stephanie Scarbrough)In an interview with Esquire, the Heisman Trophy winner acknowledged…