Tag: Asia Economy
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Shein faces existential threat as tariffs hit low-price model, putting new focus on services
Shein has won over consumers with its low prices but is now seeing shoppers flee after new tariffs and changing regulations forced it to raise prices.
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CNBC Daily Open: Record heatwaves hit Europe’s already expensive summer
German inflation figures and U.K. GDP will show just how deeply months of elevated energy costs have seeped into prices, and how much growth has taken a hit.
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U.S. reaffirms grip on Hormuz blockade, turning away 55 ships as talks stall
The escalating tally underscores how far the two sides remain from resolving a crisis that has choked the Strait of Hormuz for more than five months.
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CNBC Daily Open: Washington and Tehran both play it cool — but markets can’t
September rate-hike chances have fallen, but a hot inflation print or renewed disruption in the Strait of Hormuz could put them back in play.
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Hormuz closure clouds China’s crude imports after they hit a 3-month high in July
China’s crude oil imports recorded a smaller decline in July, though the recovery may be short-lived, as the conflict drags on and demand remains soft.
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The 72-hour crisis that could upend Meta’s business in India as firm risks losing legal protection
U.S. social media giant Meta is facing increasing pressure from Indian regulators, including demands to revoke the firm’s safe harbor immunity in the country.
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China’s exports jump 23% in July, beating estimates; imports cool
China’s exports rose more than expected in July, as global demand for high-tech components continues to absorb the country’s manufactured goods.
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Iran’s chief negotiator accuses Trump of ‘theater diplomacy’ with Hormuz traffic near standstill
The conflict is broadening across the region, with Gulf energy infrastructure and key shipping chokepoints under renewed threat.
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From birth to brokerage: Why South Korea is seeing a surge in infant investment accounts
South Korean babies are turning into mini shareholders, thanks to their parents’ investment strategies.
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Ukraine’s military hits one of Russia’s biggest oil refineries in long-range drone attack
The Slavneft-Yanos facility in Yaroslavl, which is situated hundreds of miles from the Ukraine border, is one of Russia’s biggest oil refineries.
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