A long-standing loophole that permits inexpensive goods like $10 dresses to arrive in U.S. mails tariff-free has spurred the rapid emergence of shopping sites offering Chinese-made goods, such Shein and Temu.   This is made possible by the "de minimis" rule, which exempts shipments addressed...

Despite exceeding Wall Street sales and earnings projections in the fiscal third quarter, Apple anticipated that a sales downturn would last into the current quarter, driving shares lower.   After Apple estimated that its sales may have declined for the fourth consecutive quarter, the...

When sales of the COVID-19 vaccine go from government contracts to the private market this year, Moderna Inc. projects up to $4 billion in revenue, and it anticipates further demand growth in 2024 to match the market for flu injections.   The manufacturer of the vaccine projects $4 billion...

The plant will be built in the Linkou district of Xinbei city, according to Taipei Shibao newspaper. ASML, a Dutch manufacturer of lithography equipment for chip production, has been given permission to construct a facility in Taiwan. According to the Taiwanese newspaper Taipei Shibao, the total...

In an effort to revive a famous and high-margin sports utility vehicle, Toyota presented the first hybrid Land Cruiser on Wednesday. The car will be sold in North America and other important regions.   The 1951-founded brand's new model as well as a smaller, recently announced counterpart...

The German BayLDA (Bavarian Data Protection Supervisory Authority) is looking into the Worldcoin cryptocurrency initiative, which was launched last week. The news is reported by Reuters referring to Michael Will, President of BayLDA. The investigation waws started due to the regulator's worries...

BP reported a $2.6 billion quarterly underlying replacement cost profit, which is a metric similar to net income. In comparison to the second quarter of 2022, this is about 70% worse. A considerable drop in oil prices compared to last year, when they increased in the wake of the Ukraine conflict,...

Investors are being reminded by Microsoft that graphics processing units are a crucial component of its rapidly expanding cloud business. The software developer included language regarding GPUs to a risk factor for disruptions that can occur if it couldn't get the infrastructure it requires in its...

The acquisition will cost €1.7 billion in total. The French conglomerate Kering plans to buy a 30% share in the Italian fashion label Valentino from the Qatari investment vehicle Mayhoola for €1.7 billion. "Kering and Mayhoola have reached a legally binding deal under which Kering will pay €1.7...