By David Lawder and Lisa Baertlein WASHINGTON/LOS ANGELES (Reuters) -The Trump administration ended U.S. duty-free access for low-value shipments from China and Hong Kong on Friday, removing the “de minimis” exemptions availed of by Shein, Temu and other e-commerce firms as well as traffickers of fentanyl and other illicit goods. The action restores an executive …
DUBLIN (Reuters) -TikTok was fined 530 million euros ($600 million) by its lead EU privacy regulator on Friday over concerns on how it protects user information and was ordered to suspend data transfers to China if its processing is not brought into compliance within six months. Ireland’s Data Protection Commissioner (DPC) said TikTok, owned by …
TikTok fined 530 million euros by EU regulator over data protection Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Choppier waters ahead? One of the biggest surprises in a week overflowing with them – from top-tier economic indicators, to company earnings and policy decisions from around the world – was how steadfast financial markets were. Global and U.S. stocks closed the week with gains of …
(Reuters) – Nvidia has told some of its biggest Chinese customers that it is tweaking the design of its artificial intelligence chips so they can be sold to Chinese businesses without clashing with U.S. export rules, The Information reported on Friday. The chip giant has spoken with customers, including Alibaba Group, TikTok-parent ByteDance and Tencent …
By Shariq Khan NEW YORK (Reuters) -Oil prices fell over 1% lower on Friday and recorded for their biggest weekly losses since the end of March, as traders turned cautious ahead of an OPEC+ meeting to decide the group’s output policy for June. U.S. West Texas Intermediate crude futures settled 95 cents, or 1.6%, to …
Oil posts biggest weekly loss in a month ahead of OPEC+ meeting Read More »
WASHINGTON (Reuters) – Beijing is considering ways to address the Trump administration’s concerns about China’s role in the fentanyl trade, potentially providing an off-ramp from hostilities to allow trade talks to start, the Wall Street Journal reported on Friday. The paper cited unnamed people familiar with the matter as saying that Chinese Minister for Public …
Beijing weighs fentanyl offer to US to start trade talks, WSJ reports Read More »
By Helen Reid LONDON (Reuters) -Online fast-fashion retailer Shein has dropped Brunswick and FGS, two communications firms that were supporting its push for a London initial public offering (IPO), a source familiar with the matter confirmed on Friday, in the latest sign the flotation is not going to plan. Steep tariffs on Chinese goods imposed …
Shein drops UK communications firms as Trump tariffs throw London IPO off course Read More »
By Deborah Mary Sophia and Arriana McLymore (Reuters) -Amazon on Thursday tried to temper investor concerns about the impact of the Trump administration’s tariffs on its e-commerce business, but the company may have few options left to ensure small third-party sellers stay put in the face of crushing levies. U.S. President Trump has imposed 145% …
By Tom Wilson (Reuters) -The U.S. Treasury plans to ban Cambodian financial firm Huione Group from the U.S. financial system, deeming it of “primary money laundering concern” over its alleged role in laundering illicit funds from cyber heists and online scams. The Treasury’s Financial Crimes Enforcement Network (FinCEN) said on Thursday that it had proposed …
US moves to ban Cambodia’s Huione over alleged money laundering Read More »
By Orathai Sriring, Kitiphong Thaichareon and Thanadech Staporncharnchai BANGKOK (Reuters) -Thailand’s monetary policy is relatively accommodative and the central bank is ready to ease again, if needed, to support the economy through the global trade war, a deputy central bank governor told Reuters on Friday. Southeast Asia’s second-largest economy should have grown by about 2.5% …
Thai central bank ready to ease again if trade war hits, deputy governor says Read More »
