The cargo yard of the Qianwan United Container Terminal of Qingdao Port in Qingdao City, Shandong Province, China. Nurphoto | Getty Images Businesses are finding a workaround to minimize the most significant hit from tariffs, using a decades-old piece of legislation known as the “first sale rule.” Within U.S. customs law, the first sale rule…
Nurphoto | Nurphoto | Getty Images Chinese bargain retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect Friday. In recent days, Temu has abruptly shifted its website and app to only display listings for products shipped from U.S.-based warehouses. Items shipped directly from China,…
Despite growing international pressure, the Democratic Republic of Congo is standing firm on its decision not to have direct talks with the M23 rebel group that has made major advances in the east of the country in recent months. Last week, the UK government added to calls for the group to be part of an…
Simon Jack and Dearbail Jordan Business editor and business reporter, BBC News BBC Goldman Sachs International’s chief executive Richard Gnodde Goldman Sachs’ international boss has said the bank ditched an internal diversity rule that barred it from advising all male, all white boards on company flotations because it was no longer needed. The investment bank…
U.S. President-elect Donald Trump makes remarks at Mar-a-Lago in Palm Beach, Florida, U.S. Jan. 7, 2025. Carlos Barria | Reuters President-elect Donald Trump on Tuesday declined to rule out using the U.S. military to take control of the Panama Canal and Greenland, expanding on a spate of recent remarks he has made about acquiring more…
