AI Revolution Raises Questions at Almaty Forum The AI revolution is sweeping across industries worldwide, and Central Asia is no exception. Recently, at the Almaty Forum, leaders and experts gathered to discuss how this region is looking to embrace AI development. However, amid the excitement and potential benefits, concerns about the risks associated with artificial […]
Chinese firms embrace DeepSeek AI Models
Chinese Firms Boost Competitive Edge with DeepSeek AI Models In the fast-paced world of technological innovation, staying ahead of the curve is imperative for businesses looking to maintain a competitive edge in the global market. Chinese firms have long been at the forefront of embracing cutting-edge technologies to drive growth, and the adoption of DeepSeek […]
China targets US companies with new tariffs
China’s Retaliatory Tariffs: A Strategic Move Against US Companies As the trade war between the United States and China continues to escalate, the latest move by the Chinese government involves targeting US companies with new tariffs. This retaliatory measure is seen as a strategic tactic to not only hit back at the US but also […]
Estée Lauder Companies Will Cut 7,000 Jobs as Sales Drop 6%
Estée Lauder Companies to Cut 7,000 Jobs Amid 6% Sales Decrease Estée Lauder Companies, the renowned US cosmetics giant, has recently announced its decision to slash 7,000 jobs as part of an extensive profit recovery strategy. This move comes in response to a 6% decline in sales, with the company’s second-quarter earnings reaching $4 billion, […]
Trump’s Tariffs, Explained in 4 Charts
Trump’s Tariffs: Impact on the Fashion Industry The fashion industry is no stranger to volatility, but the recent tariffs imposed by the Trump administration have added a new layer of uncertainty. The rollout of these tariffs, along with the looming question of their duration and the possibility of more to come, has left fashion businesses […]
El Salvador makes Bitcoin acceptance optional for businesses
El Salvador Adopts Flexible Approach by Making Bitcoin Acceptance Optional for Businesses El Salvador, the small Central American nation that made headlines by becoming the first country to adopt Bitcoin as legal tender, is now taking a more pragmatic approach. The government has announced that it will make Bitcoin acceptance optional for businesses, a significant […]
Trump Tariffs Target Loophole Used by Chinese Online Retailers
Trump Tariffs Target Loophole Used by Chinese Online Retailers President Donald Trump’s recent trade levies have sent shockwaves through the global market, particularly targeting Chinese online retailers who have long benefited from a significant loophole. The new tariffs imposed on China, Canada, and Mexico have taken aim at e-commerce by aiming to close a loophole […]
This Week: Trump’s Tariffs, New York Fashion Week, Retail Earnings
This Week in Business: Trump’s Tariffs, New York Fashion Week, and Retail Earnings As the business world continues to navigate through uncertain times, this week brings forth a mix of political, fashion, and financial events that are sure to make an impact. From the latest developments in Trump’s tariffs to the glamour of New York […]
Thailand secures major data hosting investment from TikTok
Thailand’s Digital Economy Surges with TikTok’s Billion-Dollar Data Hosting Investment In a significant move that underscores Thailand’s growing prominence in the tech world, social media behemoth TikTok has announced a substantial investment in the country’s digital infrastructure. The commitment of billions of dollars to establish a cutting-edge data hosting center not only solidifies Thailand’s position […]
Ferragamo’s Sales Down 4% in Fourth Quarter
Ferragamo’s Sales in North America Buck the Trend, Rising 6.3% in Q4 Italian luxury fashion house Salvatore Ferragamo has recently reported a 4% decrease in sales for the fourth quarter of the fiscal year. Despite the overall dip in sales, the North American region emerged as a bright spot for the brand, with a notable […]