Taiwan Celebrates Exemption from US AI Chip Restrictions: A Testament to Robust Oversight and Compliance In the ever-evolving landscape of technology and innovation, the race for dominance in artificial intelligence (AI) has become increasingly fierce. Recently, Taiwan made headlines as it was granted an exemption from the US AI chip restrictions, a decision that has […]
Rolex Hikes Watch Prices by as Much as 8% After Gold Surges
Rolex SA, the world’s preeminent luxury Swiss watch brand, has implemented substantial price increases on selected models due to a notable rise in gold prices. As of January 1, 2025, the Geneva-based manufacturer has raised prices by up to 8 percent on various models, particularly those constructed from precious metals. This strategic decision aligns with […]
LVMH Would Take €800 Million Hit From France’s Planned Tax Hike
France’s proposed corporate tax increase is set to have significant repercussions for the nation’s economy, especially for its most prominent luxury brands. The government is eyeing an €8 billion hike in corporate taxes to manage the country’s ballooning budget deficit. This plan would primarily target successful companies generating more than €1 billion in revenue within […]
Strike Shuts Eastern US and Gulf Ports, Threatening Economy
In a historic move that has not been seen in nearly five decades, dockworkers at every major port along the US East and Gulf coasts have initiated a strike, halting operations at 36 significant shipping hubs. This unprecedented action is poised to cause economic repercussions across various sectors, potentially leading to losses estimated between $3.8 […]