6 d. ago Airline Seat Locking in China: Over 40% of Seats Restricted in Beijing, Shanghai, and Guangzhou as Consumers Face Additional Costs, Here’s What to Know About the Hidden Fees Affecting Travelers

Airline Seat Locking in China: Over 40% of Seats Restricted in Beijing, Shanghai, and Guangzhou as Consumers Face Additional Costs, Here’s What to Know About the Hidden Fees Affecting Travelers  Travel And Tour World

Politics

2 w. ago As China’s tech rises, companies must rethink their R&D strategy

For years, many foreign companies treated China as a vast consumer base or a low-cost manufacturing hub. Now that paradigm is shifting dramatically. China is not just where multinationals scale production or sell at volume; it is increasingly where they make strategic decisions, engage in serious research and development and innovate in ways that will have a global impact. For example, take Toyota’s R&D centre in Changshu, Jiangsu province. Led by local engineers, it has helped develop electric...

Politics

2 w. ago Trump exempts Indian items from tariffs amid rising consumer costs

Indian agricultural exporters are among the winners from US President Donald Trump’s exemption of dozens of food items from his reciprocal tariffs, which some analysts say could help revive lost demand. Trump on Friday removed tariffs he had imposed on more than 200 food products, including beef, as consumer concerns mount over rising US grocery prices. Unlike EU and Vietnamese suppliers facing 15-20 per cent duties, Indian exporters of tea, coffee, spices and cashew nuts were hit harder after...

Politics

3 w. ago Trump cuts tariffs on beef, coffee and other foods, in inflation U

US President Donald Trump on Friday signed an executive order to exempt a wide range of food imports, including beef, tomatoes, coffee and bananas, from sweeping tariffs imposed earlier this year on nearly every country, the White House said. The order is part of a major push by Trump and his top officials to address Americans’ growing concerns about persistently high grocery prices. The new exemptions – which take effect retroactively at midnight on Thursday – mark a sharp reversal for Trump,...

Politics

3 w. ago Bananas and beef: White House unveils Latin America trade deals

The White House on Thursday announced trade agreements with Argentina, Guatemala, Ecuador and El Salvador, the latest deals since US President Donald Trump imposed sweeping tariffs around the world. Bananas and coffee are among the groceries whose prices could fall for stretched US consumers, it said, amid growing discontent about the cost of living under Trump’s second presidency. The four countries, all in America’s backyard in South and Central America, agreed to open their markets to US...

Events

4 w. ago Trump grants Hungary’s Orban, a Putin ally, exemption from oil sanctions

US President Donald Trump handed Hungarian Prime Minister Viktor Orban an exemption from sanctions to keep buying Russian oil on Friday, as the right-wing allies held a chummy White House meeting. As Orban and Trump heaped praise on each other, the Hungarian nationalist said it would take a “miracle” for Ukraine to beat Moscow, underscoring the gulf between him and other European leaders on the war. Trump, meanwhile, wholeheartedly backed Orban on the touchstone issue of migration, saying that...

Politics

4 w. ago China’s Huaqiangbei wholesale market sees surge in memory chip prices

Huaqiangbei, home to the world’s biggest electronics wholesale market, is seeing a dramatic increase in the prices of memory chips and other storage products, which is expected to drive up the cost of consumer electronics goods such as smartphones, tablets and personal computers. The increase, especially for large-capacity models, has been “astounding”, as some memory chips had doubled in price, said Cai Zhaojie, a vendor who sells and builds personal computers for enterprises and professional...

Economics