Author: Avinash Sachdeva

Trump’s De Minimis Cancellation: Impact on Temu and Shein’s Future In a move that could shake up the global e-commerce landscape, former President Donald Trump’s decision to cancel the de minimis rule could significantly affect businesses like Temu and Shein. For years, this rule allowed products worth up to $800 to be imported into the United States without incurring customs duties, benefiting numerous Chinese e-commerce companies. However, with this rule now scrapped, these companies may face new obstacles. The cancellation of the Section 321 de minimis exemption is not the death knell for Shein and Temu. In fact, it is…

Chinese electric vehicle manufacturer BYD intends to hire 20,000 employees in Zhengzhou during the first quarter, with positions spanning across R&D and manufacturing, according to a report by government-run Henan Daily on Thursday. BYD’s Zhengzhou production base, located in the capital of Henan Province in central China, currently employs around 60,000 workers. The facility is expected to increase its production capacity this year. In 2024, the Zhengzhou plant produced approximately 545,000 vehicles, reflecting a substantial increase of 169.8% from the previous year. (Reporting by Qiaoyi Li, Zhang Yan, and Brenda Goh; Editing by Jacqueline Wong) Abstract:BYD, the leading Chinese electric…

TOKYO – Nissan (7201.T) is exploring potential partnerships after its merger discussions with Honda (7267.T) fell through, according to two sources familiar with the matter. Taiwan’s Foxconn (2317.TW) is reportedly one of the companies being considered as a partner. The Japanese automaker, facing ongoing challenges, is at a critical juncture after pulling out of talks with Honda, which aimed to create the world’s third-largest carmaker—a deal that would have marked a significant shift in the global automotive industry. Abstract:Nissan is seeking new partners to accelerate innovation and adapt to a rapidly evolving automotive landscape. According to sources, Foxconn is among…

Honeywell Announces Corporate Breakup Following Activist Investor Pressure Honeywell, one of the largest multinational conglomerates in the world, is undergoing a major corporate restructure following mounting pressure from activist investors. The company has announced plans to break up its operations, splitting into separate divisions to enhance value for shareholders. But what led to this decision, and what does it mean for the company and its future? Honeywell (HON.O) has announced it will split into three independently listed companies, marking a significant move for one of the last remaining major U.S. conglomerates. This decision comes just months after activist investor Elliott…

Kia Faces Tax Troubles in India: Latest Global Firm Impacted Indian tax authorities have issued a confidential notice to South Korean automaker Kia Motors, accusing the company of evading up to $155 million in taxes. The notice, sent in April of last year, alleges that Kia improperly imported parts for its Carnival model in smaller shipments to reduce customs duties, a strategy that can significantly lower tax payments. Kia India has since responded, stating that it has submitted a detailed rebuttal supported by comprehensive evidence and documentation to the tax authorities. However, the company has not disclosed further details. The…

Emilia Pérez Director Disavows Karla Sofía Gascón’s Tweets Amid Film Controversies Jacques Audiard, the director of the Oscar-nominated film Emilia Pérez, recently disavowed actress Karla Sofía Gascón’s years-old controversial tweets that resurfaced last week. In an interview with Deadline, Audiard criticized Gascón for “playing the victim” and continuing to “harm us” as the film’s Oscar campaign proceeds without her involvement. Audiard revealed that he hasn’t spoken to Gascón, who is nominated for Best Actress, since her tweets went viral. The resurfaced posts contained inflammatory remarks about Islam, George Floyd, and diversity at the Oscars. Audiard called her comments “inexcusable.” In…

‘I thought we voted for America first’ – Trump Gaza plan divides his party Trump Gaza Plan Sparks Debate: Divides His Party on ‘America First’ The question of “America First” has become a central theme of former President Donald Trump’s political identity. However, his recent proposal regarding Gaza has sparked division within his own party, raising concerns about its alignment with the core principles of the America First agenda. Is this plan an overreach or a necessary step to secure the future of U.S. interests? In this article, we’ll dive into the Gaza proposal’s impact, the GOP’s mixed reactions, and…

Trump’s Gaza Plan: A Legal and Political Controversy U.S. President Donald Trump’s controversial proposal to “take over” Gaza and remove its Palestinian population has drawn widespread condemnation for being blatantly illegal under international law, according to the United Nations and legal experts. Trump unveiled the proposal during a press conference with Israeli Prime Minister Benjamin Netanyahu, who called it “the first good idea” for addressing the Gaza situation, a Palestinian territory under Israeli occupation. However, the plan sparked outrage across the Middle East and globally, prompting the Trump administration to backpedal on some of the suggestions. Despite this, on Thursday,…

Trump’s Gaza ‘Riviera’ Echoes Kushner’s Waterfront Property Dreams US President Donald Trump’s controversial idea of transforming Gaza into a luxury beach resort echoes the previous ambitions of his son-in-law, Jared Kushner. The proposal has sparked shock and outrage from Palestinians and Western critics, who argue that it could lead to the ethnic cleansing of Palestinian residents and violates international law. This vision of a real estate boom in Gaza was initially presented during a press conference by Trump, echoing remarks Kushner made earlier. Trump’s Vision for Gaza and Its Controversy In his latest remarks, President Trump proposed clearing Gaza of…

37 Giant Beetles Found Inside Japanese Snack Packets at LAX At least 37 giant live beetles, measuring 4 to 5 inches long, were discovered concealed within multiple packages of Japanese snacks, including potato chips and chocolate, at Los Angeles International Airport (LAX). U.S. Customs and Border Protection (CBP) agriculture specialists uncovered the contraband during a routine inspection of an air cargo shipment from Japan last month. Upon further investigation, authorities found the beetles—valued at approximately $1,480—hidden inside the snack packets. The discovery highlights the growing concern over the smuggling of exotic species into the U.S. “They may appear harmless, but…