South Korea’s $23 Billion Chip Industry Boost: Navigating Global Trade Wars South Korea, a technological powerhouse renowned for its cutting-edge innovations, is gearing up to fortify its position in the global semiconductor market. With a staggering $23 billion investment in its chip industry, South Korea is strategically maneuvering to counter the impacts of the ongoing […]
US exempts key electronics from China import taxes
US Delays Tech Import Taxes Amid Trade Tensions with China In the midst of escalating trade tensions between the United States and China, a recent development has emerged that could potentially ease the strain on the tech industry. The US government has decided to exempt key electronics from import taxes, providing a much-needed respite for […]
Trump’s Tariffs Rock Fashion’s Supply Chain
Trump’s Tariffs Rock Fashion’s Supply Chain The fashion industry is no stranger to disruptions, be it the ever-changing trends or technological advancements. However, the latest shake-up comes not from the runways of Paris or Milan but from the political corridors of Washington. President Trump’s recent announcement of severe import duties has sent shockwaves through the […]
US Fashion Lobby Warns Trump Cuts Threaten Key Supply-Chain Programmes
US Fashion Lobby Warns Trump Cuts Threaten Key Supply-Chain Programmes The US fashion industry is facing a critical threat as the Trump administration announces cuts to key supply-chain programs aimed at combating child labor, forced labor, and human trafficking overseas. With the Labor Department slashing over $500 million in funding for these vital initiatives, the […]
NGO Slams Fashion’s Most Widely Used Sustainable Cotton Scheme for Failing to Tackle Deforestation
NGO Slams Fashion’s Most Widely Used Sustainable Cotton Scheme for Failing to Tackle Deforestation The fashion industry has long been under scrutiny for its environmental impact, particularly in the realm of cotton production. As consumers become more conscious of the origins of their clothing, many brands have turned to sustainable cotton schemes to alleviate concerns […]
The Body Shop’s Suppliers to Receive No More Than a Quarter of £219 Million Owed
The Body Shop’s Suppliers to Receive No More Than a Quarter of £219 Million Owed The Body Shop, a renowned ethical beauty retailer, is facing a challenging situation as it navigates through the aftermath of falling into administration. With approximately £219 million ($284 million) owed to its suppliers, the company has announced that these creditors […]
EU faces pressure to boost semiconductor supply chain
EU Urged to Expand Semiconductor Supply Chain Coverage Semiconductor leaders are knocking on the European Union’s door, urging policymakers to ramp up efforts in bolstering the semiconductor supply chain. This call to action comes as a response to the pressing need for a more comprehensive approach to the production of chips, with a particular emphasis […]
Zara Owner Inditex’s Transport Emissions Balloon to Record Highs
Zara Owner Inditex’s Transport Emissions Balloon to Record Highs Inditex, the powerhouse behind popular brands like Zara, Massimo Dutti, and Pull&Bear, has recently found itself in hot water as its transport emissions skyrocketed to unprecedented levels. Despite setting ambitious climate goals, the company’s efforts seem to have fallen short, with transport-related carbon emissions surging at […]
Walmart Asks Chinese Suppliers for Major Price Cuts on Trump Tariffs
Walmart Requests Chinese Suppliers for Significant Price Reductions Amid Trump Tariffs Amid the ongoing trade tensions between the United States and China, major retail giant Walmart has taken a bold stance by asking its Chinese suppliers for substantial price cuts. The request comes as a response to the tariffs imposed by the Trump administration, affecting […]
Malaysia works with US and Singapore on Nvidia chip probe
Malaysia Collaborates with US and Singapore in Nvidia Chip Probe Malaysia, a key player in the semiconductor industry, has found itself at the center of a significant investigation involving US-sanctioned AI chips. Recent reports suggest that these chips, developed by the renowned tech giant Nvidia, may have been illicitly shipped through Malaysian territory. The revelation […]