News

[Source - reuters] Russia's trade relationship with India is experiencing significant growth, with smooth financial transactions contrasting sharply with the challenges faced in other international markets, according to Anatoly Popov, deputy CEO of Sberbank, Russia’s largest financial institution. Record Trade Figures and Uninterrupted Transa…

[Source - finance.yahoo] Asian and Global Markets Slide Asian stocks fell sharply at the start of September, marking a challenging beginning to a traditionally volatile month. Hong Kong's Hang Seng Index saw a significant drop, influenced by a dramatic 14% fall in shares of New World Development Co. This decline followed the company's announc…

[Source - uk.finance.yahoo] On Sunday, Disney pulled its ABC stations, ESPN, and other cable networks from DirecTV's lineup after the two companies failed to reach a new distribution agreement, leaving millions of sports fans without access as the college football and NFL seasons begin. The Disney and DirecTV agreement caused Disney-owned net…

[Source - bloomberg] A Strategic Move Towards Apple's In-House Modems:  Apple Inc. is embarking on a long-term strategy by transitioning away from Qualcomm modem chips to develop its own Apple's in-house modems. This shift, which marks a significant change in Apple's hardware strategy, reflects the company's commitment to integrating more of …

[Source - trustedreviews] Current Status of the Sonos App Sonos abandons plan to re-release old app, S2, following extensive testing and evaluation. In a recent Reddit AMA, Sonos CEO Patrick Spence addressed the ongoing issues with the company's updated app, revealing that the old version would not solve the problems customers are experiencin…

[Source - notebookcheck] A Bold New Rival: Honor’s Marketing Strategy Honor is set to make waves in the foldable smartphone market with its upcoming Honor Magic V3, poised for a significant global launch on September 5. This announcement follows the device’s recent debut in China, and the company is preparing for a high-profile introduction a…

[Source - newsbytesapp] Substantial Cuts in Tariffs for Tesla and Other EV Manufacturers: The European Union has announced a significant reduction in tariffs on Chinese Tesla EVs, cutting the planned duty from 20.8% to 9%. This decision, which also impacts other Chinese EV manufacturers, marks a shift in the EU's approach to trade measures ag…

[Source - CNBC] Shein Accuses Temu of Intellectual Property Theft and Fraudulent Practices In a dramatic escalation within the fast-fashion industry, Shein takes legal action against Temu, alleging serious violations of copyright and intellectual property laws. The complaint, lodged on Monday in a federal court in Washington, D.C., accuses Te…

[Source-ft] FTC’s Ban on Noncompete Agreements Halted On Tuesday, a federal judge issued a ruling blocking the Federal Trade Commission's (FTC) nationwide ban on noncompete agreements from taking effect in September. This decision halts a major regulatory shift that aimed to restrict agreements preventing employees from moving to competitors …

(Source - Asiafinancial) Sale Details and Market Impact:  Walmart Inc. has finalized the sale of its stake in Chinese e-commerce giant JD.com Inc., raising approximately $3.6 billion. The US retailer sold 144.5 million shares at $24.95 each, reflecting an 11% discount from the previous day’s closing price. The sale, which occurred at the lowe…