By Reuters Published July 24, 2025 India’s financial crime agency said on Wednesday an investigation had found that Walmart’s fashion business Myntra Designs breached laws prohibiting foreign wholesalers from selling to consumers. Archivo The case comes amid growing scrutiny of e-commerce players in India. An antitrust investigation last year found Amazon and Walmart’s other e-commerce platform, Flipkart, favoured…
By Reuters Published June 11, 2025 Some of China’s top beauty brands such as Proya and S’Young are exploring acquisitions of smaller foreign rivals to expand their portfolios and replicate the success of global leaders like L’Oreal or Estée Lauder amid slowing growth at home. Proya While still relatively unknown internationally, these Chinese brands have…
Fashion brands and retailers globally expect to raise their prices by as much as 20% on average as a consequence of US trade tariffs, according to new data from online wholesale specialist JOOR. JOOR The results of its recent Tariff Survey in which it gathered feedback from brands and retailers globally, showed the major impact of the…
The pitch from “ZMoney” arrived on the encrypted messaging app Signal just days before Donald J. Trump’s presidential inauguration. “ZMoney” was Zachary Folkman, an entrepreneur who once ran a company called Date Hotter Girls and was now representing World Liberty Financial, the cryptocurrency firm that Mr. Trump and his sons had recently unveiled. Mr. Folkman…
Last month, Paolo Ardoino, the chief executive of the cryptocurrency company Tether, joined business executives and U.S. lawmakers for a private lunch at the Willard, a luxury hotel near the White House. For years, Tether had faced accusations that it lied about its finances and allowed crime to flourish on its platform. But at the…
International tourists detained at U.S. borders. Steep tariffs imposed on trade partners. Threats against longtime allies. The onslaught of contested policies and language by the Trump administration in recent weeks is causing tourists around the globe to either cancel or reconsider travel to the United States. A growing number of visitors say they feel unwelcome…
Dangerous pathogens left unsecured at labs across Africa. Halted inspections for mpox, Ebola and other infections at airports and other checkpoints. Millions of unscreened animals shipped across borders. The Trump administration’s pause on foreign aid has hobbled programs that prevent and snuff out outbreaks around the world, scientists say, leaving people everywhere more vulnerable to…