Some luxury labels are pulling back from steep markdowns in China, seeking to rebuild an image of exclusivity to lure back wealthy shoppers whose spending remains less affected by economic slowdown.
Monthly Archives For May 2025
In Panama, Trump’s new ambassador casts China as threat to frayed alliance
The United States’ new ambassador to Panama pledged on Thursday to strengthen ties with the Central American country while pushing China as a common threat.
We’re seeing a slowdown in all trade lanes with China, says Pacific Merchant Shipping’s Mike Jacob
Mike Jacob, Pacific Merchant Shipping Association president, joins ‘Power Lunch’ to discuss impact of tariffs on ports and the American economy.
AI execs say US must increase exports, improve infrastructure to beat China
The Senate Commerce Committee wants to cut regulatory barriers to U.S. artificial intelligence after China’s DeepSeek debuted its high-quality, affordable AI model last year.
OpenAI chief Sam Altman: US barely ahead of China in artificial intelligence arms race
Sen. Ted Cruz chaired a Commerce Committee hearing featuring Sam Altman, Lisa Su, Michael Intrator and Brad Smith.
OpenAI CEO Sam Altman and other US tech leaders testify to Congress on AI competition with China
OpenAI CEO Sam Altman and executives from Microsoft and chipmaker Advanced Micro Devices testified on Capitol Hill about the biggest opportunities, risks and needs facing an industry which lawmakers …
Moody’s says tariffs may hit African banks through China slowdown
By Colleen Goko JOHANNESBURG (Reuters) -Banks in sub-Saharan Africa will not be directly impacted by U.S. import tariffs, but “second round effects”, including their impact on the macroeconomic outlook and on China,
Bill that would ban Chinese citizens from owning property in Texas faces crucial vote
The Texas House is set to debate a bill today that would ban citizens of nations deemed hostile to the U.S, including China, from owning certain properties in the state. Opponents have decried the …
US imposes Iran-related sanctions on third China ‘teapot’ refinery, port terminal
U.S. President Donald Trump’s administration on Thursday imposed sanctions on a third Chinese independent, or “teapot” oil refinery and port terminal operators in China for purchases of Iranian oil ahead of an expected fourth round…
Democrats invite Microsoft to advise Congress on CCP AI race despite its pro-China history
On Thursday, the Senate Commerce Committee invited Microsoft President Brad Smith to discuss ways the United States could “beat China in the [artificial intelligence] race.” Microsoft, however, has a …
China’s six-year-olds are being offered AI classes in school—and now 250 CEOs want the lessons to come to America
The CEOs of Microsoft, Airbnb, and Uber are among over 250 business leaders who are demanding computer science and AI education for all students: “We must prepare our children for the future,” they …
China’s Arrest of North Korea Spy Reveals Cracks in Xi-Kim Alliance
The arrest comes against the backdrop of North Korea’s deepening military ties with Russia, a relationship analysts say is awkward for China.
China’s Clean Energy Boom Spells Trouble for Central Asia’s Gas Giants
China’s rapid expansion in renewable energy is upending Central Asia’s gas export market while offering Uzbekistan new opportunities in clean energy.
