Author: admin

Packages ride on a conveyor belt during Cyber Monday at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida.Miguel J. Rodriguez Carrillo | Getty ImagesThe e-commerce sector is experiencing its most disruptive period in more than a decade as a result of President Trump’s trade war and tariffs policy, according to a new survey from Alix Partners. It finds steep declines in online shopping activity, and shipping and return policies being adjusted to cut costs for companies.Online purchases for home delivery experienced double-digit percentage, year-over-year declines across major categories, including office supplies, down by 13 percentage points; sporting…

Gold, considered a hedge during times of uncertainty, gave 45% return to investors in Pakistan in the fiscal year 2024-25, when compared to its per tola rate on the last day of FY2023-24. According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), gold price per tola on June 30, 2025 stood at Rs350,200 in Pakistan, against Rs241,700 on June 29, 2024. “The increase in gold prices in Pakistan was mainly in line with rise in international rates,” local trader Abdullah Abdul Razzak Chand told Business Recorder. As per data shared by the APGJSA, international rate of gold increased…

The Philippines must acquire more advanced fighter jets – and soon – to build a “niche air force” capable of credible deterrence against Chinese intrusions, its air force chief has said, as Manila weighs whether to pursue US-made F-16s or Sweden’s Gripen.Manila last month signed a US$700 million deal to acquire 12 additional FA-50 light combat aircraft from South Korea, expanding the Philippine Air Force (PAF)’s fleet to 24 by the end of the decade. These upgraded models will come with enhanced range and weapons capacity, but remain limited compared with full-fledged multirole fighters (MRF).Lieutenant General Arthur Cordura said he…

The euro rose in European trade on Tuesday, on track for the ninth daily profit in a row against the US dollar, and trading above $1.18 for the first time since 2021.   It comes amid concerns about the Federal Reserve’s independence and US financial stability after new attacks by Trump against Powell.    Recently, the odds of a European Central Bank’s interest rate cut in July tanked, with investors now awaiting eurozone inflation data later today.   The Price   The EUR/USD price rose 0.2% today to $1.1807, the highest since September 2021, with a session-low at $1.1774.   …

President Xi Jinping reiterated the need for China to develop a “unified national market” at a high-profile economic meeting on Tuesday, a task which has taken on greater urgency as the country prioritises domestic demand amid a more uncertain external landscape.Greater efforts are needed to address a variety of issues facing the world’s second-largest economy, the Central Financial and Economic Affairs Commission said in a readout from their sixth meeting, explicitly calling for a crackdown on the cutthroat competition between firms that has lowered prices, a phasing out of obsolete industrial capacity and an improvement to the business environment.The commission…

Former Philippine president Rodrigo Duterte has stepped in to defuse a potential family feud over his Davao City house that was put up for sale, saying he is unwilling to offload the property due to its sentimental value.Duterte’s partner Honeylet Avancena said she was seeking buyers for the residence, citing her emotional concerns ever since the Davao mayor was held in a detention centre in The Hague over his charges linked to his war on drugs, in which thousands of purported dealers and users were killed.“It hurts my chest every time I go inside. I’m the only one who enters…

The euro rose in European trade on Tuesday, on track for the ninth daily profit in a row against the US dollar, and trading above $1.18 for the first time since 2021.   It comes amid concerns about the Federal Reserve’s independence and US financial stability after new attacks by Trump against Powell.    Recently, the odds of a European Central Bank’s interest rate cut in July tanked, with investors now awaiting eurozone inflation data later today.   The Price   The EUR/USD price rose 0.2% today to $1.1807, the highest since September 2021, with a session-low at $1.1774.   …

BAKU, Azerbaijan (AP) — Seven people linked to a Kremlin-funded media outlet in Azerbaijan’s capital have been detained after a raid on its office, the Interior Ministry was quoted by local media as saying Tuesday, in the latest sign of the rift between Moscow and Baku over the deaths of two ethnic Azerbaijanis in Russian custody.Tensions have been growing since December, when an Azerbaijani passenger jet was attacked as it approached Grozny, the regional capital of the Russian republic of Chechnya, It later crashed, killing 38 of 67 people aboard, and Azerbaijan President Ilham Aliyev blamed Moscow and said Russian…

China’s space agency on Tuesday released images of the Earth and moon captured by its asteroid-sampling Tianwen-2 spacecraft, while confirming that the probe was in good condition after more than a month in orbit.The images were taken by the Tianwen-2 spacecraft’s narrow field-of-view navigation sensor on May 30, according to the China National Space Administration (CNSA), which released them after image processing on the ground.This comes days after state media reported that researchers in northeastern China were testing autonomous robots in underground lava caves to simulate the terrain these may explore during future lunar missions.The Tianwen-2 spacecraft has been in…

Japan Airlines flight JL8696 from Shanghai to Tokyo was forced to make an emergency landing at Kansai Airport on Monday evening after what passengers described as a sudden descent in the aircraft.The aircraft was on a code-share service operated by budget carrier Spring Airlines Japan as IJ004 from Pudong to Narita when it diverted to the airport in Osaka for an emergency landing at around 8.50pm local time.None of the 191 passengers and crew on board the Boeing 737-800 was injured. According to the Japanese government, the pilots contacted air traffic controllers when the aircraft triggered an alert about an…