Georgia aims to become regional logistics hub with Alibaba-backed partnership
Georgian Post is no longer focused solely on delivering letters and parcels across Georgia. The state postal operator is transforming into a regional ...
Online retail platform Temu has begun adding steep “import charges” of around 145% to orders shipped to the United States, a direct response to President Donald Trump’s newly imposed tariffs on Chinese goods, CNBC reported.
The additional charges are significantly raising costs for U.S. consumers. In one example cited by CNBC, a summer dress listed at $18.47 on Temu now costs $44.68 after $26.21 in import fees—making the fees more expensive than the item itself.
While fast-fashion competitor Shein has also increased prices in reaction to the tariffs, it has not yet applied separate import charges.
The price hikes follow warnings issued by both companies earlier this month that U.S. customers would face higher prices starting April 25. The hikes are due to a 145% tariff on Chinese-made goods and the termination of a long-standing customs exemption that previously allowed imports under $800 to enter the U.S. without duty.
The new trade measures, part of Trump’s broader tariff policy, have disrupted the low-cost, high-volume sales models that platforms like Temu and Shein rely on, prompting operational changes and customer backlash across U.S. markets.
French DJ and electropop musician Kavinsky, whose atmospheric sound shaped a generation of electronic music fans, has died at the age of 50, French authorities said on Tuesday.
Saudi Arabia said its overnight strikes on Iran-backed group targets in Iraq were carried out in self-defence and warned it would take further military action if the groups launched new attacks against the kingdom.
Yemen warned the Houthis were seeking to replicate Iran's Strait of Hormuz strategy in the Red Sea, as U.S. President Donald Trump said there was a "good chance" of a deal with Tehran but warned strikes could resume if talks failed.
The U.S. military said it completed its latest wave of strikes on Iran, a two-hour operation that hit dozens of targets. Washington described the strikes as a "powerful response" to Iranian missile attacks targeting U.S. forces in the Middle East a day earlier.
A fire involving two gas vessels at Egypt's Damietta port has prompted conflicting reports over whether the incident was caused by a drone strike or an onboard technical fault. Egyptian authorities said there were no casualties.
Ford raised its full-year earnings forecast after reporting stronger-than-expected second-quarter adjusted profit, as resilient demand for its vehicles and operational improvements helped offset tariff-related costs.
SK Hynix reported record quarterly profit on Wednesday, but its shares slumped 10 per cent after the South Korean chipmaker fell short of investor expectations built around the artificial intelligence (AI) boom.
Oil prices have fallen more than six per cent as a pause in U.S.-Iran hostilities eased fears of wider supply disruption around the Gulf.
Paramount Skydance agreed to pause its acquisition of Warner Bros Discovery until after a ruling on a challenge by states to the deal, plunging the $110 billion deal into further uncertainty.
China's Foreign Ministry has said it is closely monitoring the United Kingdom's nationalisation of British Steel. Prior to the British government fully taking over the loss-making company on Thursday, it was previously owned by Chinese private steelmaker Jingye.
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