Surat, India—long hailed as the world’s diamond polishing hub—is grappling with an unprecedented crisis. The U.S. government’s imposition of a 10% import duty on polished diamonds in April 2025, coupled with a looming 27% tariff on Indian diamond exports, has sent shockwaves through the industry. These tariffs arrive at a time when the global luxury […]
As U.S. tariffs on imported goods rise, companies are increasingly exploring the First Sale Rule to manage costs. This legal provision permits the calculation of import duties based on the initial sale price in a multi-tiered transaction, potentially lowering the duty owed. While the rule offers financial benefits, it also presents legal complexities. Importers must […]
Apple has announced increased trade-in values for iPhones in China, providing consumers with more affordable options to upgrade to newer models. This move is designed to offer better value to customers and encourage device upgrades in a competitive market. The enhanced trade-in program allows users to receive greater credit for their old iPhones, reducing the […]
In the rapidly evolving world of online trading, Abet Global Pakistan has emerged as a platform that combines technological innovation with comprehensive educational resources, aiming to empower traders across the country. A Technological Edge Abet Global Pakistan offers traders access to the industry-standard MetaTrader 5 (MT5) platform, renowned for its advanced features and user-friendly interface. […]
Bitcoin reached a historic milestone on May 22, 2025, surpassing $111,000 for the first time and peaking at $111,886. The breakout represents a significant 47% gain from April’s low of $74,500 and reflects a resurgent appetite among institutional investors, driven by favorable regulatory signals and expanding access via financial instruments like ETFs. Market analysts point […]
In April 2025, UK households saw their budgets stretched even further as inflation surged to 3.5%, a notable jump from 2.6% the previous month. This jump—outpacing the Bank of England’s expectations—has heightened economic anxiety among households already grappling with post-winter expenses and an uneven economic recovery. The Office for National Statistics highlighted that key drivers […]
PANGAIA, the materials science startup known for pioneering sustainable apparel, has received a significant vote of confidence from two global retail powerhouses—Amazon and H&M. The backing signals a strategic pivot by major industry players toward more sustainable and future-focused business models. Although financial details remain undisclosed, sources close to the deal suggest that both Amazon […]
Highlighting a shift in global tech alliances, the U.S. and UAE have finalized a pivotal agreement granting the Emirates access to sophisticated American AI chips. This move not only deepens strategic cooperation between the two nations but also reflects a broader transformation in U.S. technology diplomacy as Washington adapts to growing rivalry with China. The […]
China has responded forcefully to the U.S.’s latest tariff hike by announcing a 34% levy on all American imports and restricting the export of key rare earth materials, heightening fears of a renewed global economic conflict. This retaliatory move follows Washington’s new tariffs imposed under the Trump administration, which accused Beijing of unfair trade practices. […]
The United Kingdom’s recent immigration reforms are causing significant labor shortages in key sectors, notably healthcare and construction. These shortages are raising alarms about the potential impact on service delivery and the broader economy. Key Policy Changes The government’s recently unveiled white paper, “Restoring Control Over the Immigration System,” outlines a range of strategic policy […]