Washington, D.C. – Shoppers relying on ultra-cheap deals from Shein, Temu, and Amazon Haul may soon see price increases as the U.S. government shuts down a major trade loophole that previously allowed duty-free imports from China. The decision, part of a broader...
Shein, Temu, and Amazon Haul Face Price Hikes as U.S. Closes Trade Loophole
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Shein Returns to India After Five-Year Ban Under Reliance Retail Partnership
Chinese fast fashion giant Shein has officially re-entered the Indian market after being banned in 2020, thanks to a long-term licensing agreement with Reliance Retail. The deal allows Shein-branded products to be manufactured and sold in India, while Reliance Retail...
New Tax Rules: A Forward-Looking Fiscal System for Aruba
Between September 2024 and March 2025, Aruba is actively modernizing its tax system. These reforms are essential to stimulate economic growth, achieve international compliance, and ensure fair taxation. The reform program includes a new corporate tax rate, revisions...
Citgo Auction Heats Up as Creditors Push for New Bids
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Shell Wins Appeal Over Emission Reduction Mandate
In a major legal development, the Dutch Court of Appeal in The Hague reversed a 2021 lower court ruling requiring Shell plc to slash its global carbon emissions. The original case, filed by environmental organization Milieudefensie along with other NGOs and private...
China’s Bold Plan to Cut Hidden Debt and Revive Local Economies
In a sweeping effort to reduce the strain of hidden debt on its economy, China has launched a debt restructuring plan designed to bring local government finances into clearer view. This move, approved by policymakers in Beijing, involves a substantial 6 trillion yuan...
Adapting to Remote and Hybrid Work: Post-Pandemic Benefits for Businesses
The COVID-19 pandemic forced businesses to rapidly shift to remote work, reshaping the way organizations function. What began as a necessity has evolved into a preferred model for many, as businesses discover the benefits of adopting remote and hybrid work...
DNA Giant 23andMe Battles Financial Turmoil Amid Privacy Concerns
DNA-testing pioneer 23andMe, once hailed as a leader in personal genomics with a share price outshining even Apple, now finds itself struggling for survival. The company, famous for its detailed ancestry and health reports, faces severe financial and operational...
Russia Levies Unprecedented Fine on Google – Exceeding Global Wealth
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Marketing Without Data: A Recipe for Failure
Marketing without the correct data is like navigating without a compass: it leads companies astray in a world of assumptions and baseless decisions. In an era where information and data are abundantly available, some companies continue to base their marketing...
Can the Sea Become the Next Economic Pillar of Aruba?
For many years, Aruba has heavily relied on its tourism industry as the backbone of its economy. However, as the island seeks to diversify its revenue streams, its surrounding waters offer tremendous potential for economic growth. By investing in maritime industries...
True Value Declares Bankruptcy, Sells Itself to Rival Do it Best
True Value, a well-known hardware store chain with a 75-year history, has declared bankruptcy and announced plans to sell most of its operations to rival company Do it Best. This move comes as the company faces financial difficulties amid a slowdown in the housing...
Stagnant Salaries Cannot Keep Up with the Rising Cost of Living in Aruba
The cost of living in Aruba is rising drastically, and for the average worker, wages have not kept pace. From housing to basic goods and services, prices continue to climb while salaries remain stagnant or, at best, grow by a minimal amount. For many workers, the...
Mexico’s Datacentre Boom Raises Concerns Over Water and Energy Usage
Mexico’s state of Querétaro has become a hub for the booming datacentre industry, attracting tech giants such as Amazon, Microsoft, and Google, which are investing billions in the region. However, while the industry promises economic growth and high-tech jobs, many...
Colombia Proposes $130 Billion Budget Amid Fiscal Challenges
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Belgium Braces for New Wave of French Tax Exiles
Following the surprising success of the Nouveau Front Populaire (NFP) left-wing alliance in France’s parliamentary elections on July 7, Belgium is anticipating a new influx of French tax exiles. The election result, which granted a relative majority to the NFP, has...
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Trump Calls Zelenskyy a “Dictator,” Escalating U.S.-Ukraine Tensions
Tensions between the U.S. and Ukraine have escalated after President Donald Trump referred to Ukrainian President Volodymyr Zelenskyy as a "dictator without elections." The remarks come at a critical moment, as the Trump administration pushes for a peace deal with...
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The Benelux countries—Belgium, the Netherlands, and Luxembourg—are urging the rest of Europe to ban the export of highly polluting fuels to other parts of the world. These fuels, which contain excessive levels of sulfur, benzene, and manganese, are far more toxic than...
Spain’s Ex-Soccer Chief Luis Rubiales Fined for Unsolicited Kiss on Jenni Hermoso
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MLB to Test Automated Strike Zone in Spring Training as Manfred Addresses Key Issues
As the 2025 MLB season approaches, Commissioner Rob Manfred spoke at spring training media day in Arizona, addressing major topics such as the Dodgers' massive spending, the upcoming collective bargaining agreement (CBA), recent rule changes, and the introduction of...