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Shein’s China pivot is a last-ditch bid to rescue its IPO, analysts say
Key Points Analysts suggest Shein’s reported shift of its headquarters back to China could mark a final effort by the retailer to keep its embattled IPO on track. “After years of trying to position itself as a global brand rather than a Chinese fashion company, it’s back to square one,” Perris Lee told CNBC. The […]
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Trump’s trade policies are helping India-China ties — but they aren’t resetting them
Chinese Foreign Minister Wang Yi wrapped up his two-day trip to India on Tuesday — the latest sign of warming ties between Beijing and New Delhi. During his visit, Wang said India and China should “view each other as partners and opportunities rather than adversaries or threats,” according to a readout from the Chinese Foreign […]
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Apple just landed a key win for the global encryption fight
Key Points The U.S. government on Monday announced the U.K. would drop its demand for Apple to provide a “back door” to user data. The move represents a triumph for the iPhone maker and, more broadly, for end-to-end encryption. Tech companies say that building an encryption “back door” would not only undermine user privacy, but […]
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Eli Lilly’s 170% UK price hike for Mounjaro is just the start as pharma firms bow to Trump’s pricing pressures
Key Points Pharma giants are navigating U.S. President Donald Trump’s demands to bring U.S. drug prices in line with other developed nations. Eli Lilly’s decision to hike Mounjaro prices in the U.K. could spark similar moves from other firms, analysts say. The U.S. consistently pays the most in the world for many prescription drugs. Eli Lilly ‘s […]
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Energy supermajors are betting big on LNG, shrugging off peak gas predictions
Oil majors are betting big on liquified natural gas (LNG), throwing down the gauntlet to predictions of peak gas by the end of the decade. Britain’s Shell , a leading player in the global LNG market, has identified the super-cooled commodity as a primary focus amid the energy transition. France’s TotalEnergies said it expects LNG […]
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This Asian data center hub is quietly grappling with the massive costs of AI: energy and water
The artificial intelligence boom has brought with it hundreds of billions of dollars in investments and promises of economic growth . But the infrastructure required is demanding massive amounts of energy and resources. One lesser-known example of that dilemma can be found in the southern tip of Malaysia, which has quietly become one of Southeast […]
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Stocks power to record highs again despite warning signs. Can the market’s strong run continue?
The market wants a Federal Reserve interest-rate cut soon, but it doesn’t want to need one. Wall Street economists are fixated on identifying tariff effects, yet stocks either celebrated or shrugged off three warm and sticky inflation readings this week, laboring to hold near record highs. The S & P 500 immediately processed a moderately […]
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Power cuts and blackouts: Why can’t Iraq keep the lights on?
Iraq was plunged into a nationwide blackout earlier this week, as a temperature surge to 122 degrees Fahrenheit (50° Celcius) — and subsequent spiking demand for electricity — pushed the country’s faltering power grid to the breaking point. For a country that has seen as much conflict and instability as Iraq, this could come as […]
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China isn’t welcoming Nvidia back with open arms after Trump clears way for H20 exports
Nvidia secured what was seen as a major win last month when the U.S. government announced it would allow it to resume sales of its made-for-China H20 chip. But it has since become clear that Beijing wont be rolling out the red carpet. Despite the U.S. softening on chip export controls — which Beijing has […]
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Germany’s Merz strikes sharp tone with Europe as he cozies up to Trump
German Chancellor Friedrich Merz is looking to redefine Germany’s voice in Europe and build a relationship with U.S. President Donald Trump — who many of Merz’s European colleagues do not see eye to eye with. The historically EU-friendly Merz, a former member of the European Parliament, now has a long list of complaints about the […]
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