Hamas says it handed over list of Israelis and Palestinians for swap deal
Hamas said on Wednesday (on 8 October) it had exchanged a list of the names of Israeli hostages and Palestinian prisoners to be released under a swap ...
In response to the recent imposition of substantial U.S tariffs on Chinese imports, several American companies are actively relocating their manufacturing operations to mitigate financial risks and maintain competitive pricing.
Fashion retailer Steve Madden has announced plans to reduce its reliance on Chinese manufacturing by approximately 40% to 45%. The company intends to diversify its production across countries such as Cambodia, Vietnam, Mexico, and Brazil.
CEO Edward Rosenfeld stated, "We have been planning for a potential scenario in which we would have to move goods out of China more quickly. As of yesterday morning, we are putting that plan into motion."
Joining the shift is Breville, the Australian-American kitchen appliance brand known for its high-end coffee machines and smart ovens. Though Breville had long relied on Chinese manufacturing for its precision products, the company recently confirmed it will relocate a substantial portion of its production to Malaysia and Mexico. Executives cited both the new tariffs and ongoing geopolitical uncertainty as key drivers of the decision. "Diversification is not optional anymore - it’s essential," a company spokesperson said.
In the technology sector, Apple is accelerating efforts to diversify its production. The company plans to increase iPhone manufacturing in India to mitigate potential price hikes resulting from the tariffs. Apple's short-term strategy involves shipping approximately 25 million iPhones from India in 2025, covering about 50% of U.S demand.
Additionally, Apple is expanding the manufacturing of other products like iPads and AirPods in Vietnam, which also faces tariffs.
Nintendo, another major brand caught in the crossfire, is also adjusting its operations. Though headquartered in Japan, Nintendo relies heavily on Chinese factories to assemble popular consoles like the Nintendo Switch.
In response to U.S trade policy changes, the company has expanded production capacity in Vietnam to ensure continued supply to North American markets without facing tariff-related cost increases. It has also delayed preorders from the U.S for the upcoming Switch 2, while it is reevaluating the impact of tariffs on production and pricing.
The fashion industry at large is experiencing significant challenges due to the tariffs. Major brands such as Nike, Gap, and Ralph Lauren have seen stock declines of up to 30%.
The National Retail Federation and the American Apparel and Footwear Association have expressed concerns over potential job losses and reduced consumer confidence. The industry is likening the severity of this crisis to the COVID-19 pandemic, highlighting the profound impact of the trade war.
These developments highlight a trend of U.S companies reevaluating and restructuring their global supply chains in response to evolving trade policies and economic pressures.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
Türkiye on Wednesday (8 October) slammed an intervention by Israeli forces against a flotilla attempting to deliver humanitarian aid to Gaza as an act of piracy and a violation of international law.
Caretaker French Prime Minister Sebastien Lecornu struck a cautiously optimistic tone on Wednesday (8 October), saying a deal could potentially be reached on the country's budget by year-end, making the risk of a snap election more remote.
Four people have been confirmed dead after a six-storey building collapsed in central Madrid while being converted into a hotel, authorities said, following a 15-hour rescue effort involving drones and sniffer dogs.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 8th of October, covering the latest developments you need to know.
Hundreds of Texas National Guard soldiers gathered on Tuesday at an Army facility outside Chicago, as Donald Trump's threat to invoke an anti-insurrection law and deploy troops to more U.S. cities intensified the battle over the limits to his authority.
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