Author: i2wtc
China’s Temu steals 17% of US market share, cuts jobs from US Amazon and decimates small businessesAs inflation rises, U.S. consumers are increasingly turning to Chinese e-commerce platform Temu for their shopping needs. With the appealing tagline “Shop Like a Billionaire,” Temu has captured his 17% of U.S. market share, leading to a legacy that includes Amazon.com Inc., Dollar Tree Inc., Five Below Inc. is posing a challenge to U.S. retailers. The lucrative and destructive nature of startups. owned and operated by PDD Holdings Co., Ltd. (NASDAQ:PDD), Temu offers a wide range of products including home decor, pet supplies, beauty…
May is Asian American and Pacific Islander (AAPI) Heritage Month, a time to celebrate the multifaceted contributions of the AAPI community to Arlington’s economic, cultural, and social tapestry. This month and throughout the year, celebrate AAPI heritage and culture by participating in May community events and supporting AAPI-owned Arlington businesses that add to the vitality and diversity of our local economy and community. How AAPI Businesses Impact the Arlington Economy Over the past decade, Arlington’s AAPI-owned businesses have played a critical role in driving economic growth and innovation. These businesses span a variety of industries, from hospitality to technology, enriching…
Unlock Editor’s Digest for freeFT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter.Spanish Prime Minister Pedro Sanchez said on Wednesday he was considering resigning after a judge opened a preliminary investigation into his wife on corruption charges.Socialist Party leaders canceled official engagements over the next few days and said they would announce future decisions on April 29.in special letter “The natural question I ask myself at this point is, ‘Is it worth it?'” Sanchez told the Nation. To be honest, I don’t know. ”Earlier on Wednesday, Judge Juan Carlos Peinado ordered court proceedings against Sanchez’s wife,…
Cooling trend continues until Friday Updated: April 24, 2024 1:22pm PDT Morning temperatures will remain near normal, with afternoon highs 5 to 10 degrees below normal. Weather patterns over the next few days will be quite dynamic. The persistent low pressure off the coast of San Francisco will finally weaken and open into a trough later today, allowing northwest flow to return. The supporting upper-level cutoff low will retreat eastward on Thursday, and a small amplitude ridge may become established. This high pressure system will squeeze ocean layers from about 4,000 feet on Wednesday to about 1,500 feet on Thursday.…
NEW DELHI: Congress has distanced itself from Indian Overseas Congress president Sam Pitroda’s comments on inheritance tax, saying his remarks are being sensationalized by the media to create controversy. The party has made it clear that it has no plans to introduce an inheritance tax, recalling that former Prime Minister Rajiv Gandhi abolished it in 1985.”It is Modi Sarkar who wants it,” said party general secretary Jairam Ramesh, spokesperson for the party. To drive home the point, he said then Finance Minister Jayant Sinha had publicly stated in 2014 that he wanted to introduce an inheritance tax. He also shared…
In their third attempt in three weeks, Arizona lawmakers on Wednesday passed a bill to repeal a near-total ban on abortion from 1864 that the battleground state’s Supreme Court upheld earlier this month.After whirlwind voting throughout the afternoon, three state House Republicans joined Democrats in approving the repeal of a Civil War-era law that made abortion a crime, allowing abortions to be performed or assisted in getting pregnant by women. Those who did so were sentenced to two to five years in prison. One. Last week, state senators, who also have a narrow Republican majority, voted in favor of a…
LONDON – Britain’s Conservative majority in Parliament has ended a battle that critics have decried as an expensive, inhumane and impractical way to deal with migrants, sending asylum seekers to Rwanda. passed a controversial plan to deport people.British MPs on Monday night gained support for a bill aimed at meeting one of Chancellor Rishi Sunak’s legislative priorities: “stopping ships”. Specifically, the small inflatable dinghies and kayaks were filled with the thousands of migrants and asylum seekers who cross the English Channel from France each year.Opponents pointed out that the plan could cost more per person than a three-year stay at…
Comments from Mr. Sam Pitroda, Chairman of the Indian Overseas Congress inheritance tax Prime Minister Modi sparked a political firestorm on Wednesday when he attacked Congress for planning to raise taxes and not wanting people to pass on their hard-earned income to their successors. The Congress distanced itself from Pitroda’s comments, with party spokesperson Jairam Ramesh saying former Prime Minister Rajiv Gandhi had actually abolished inheritance tax in 1985. Here’s what all the fuss is about:What did Pitroda say?He supported the idea of an inheritance tax and cited the example of the United States. “There’s nothing wrong with accumulating wealth,…
Rebecca Noble/Getty Images Abortion rights supporters demonstrate at the Arizona State House of Representatives in Phoenix on April 17, 2024. CNN — The Arizona House of Representatives voted Wednesday to overturn the state’s 160-year-old abortion ban, setting the stage for a repeal that would leave the state’s 15-week abortion limit in place. The vote comes after state House members tried twice last week to bring the bill to the floor. Arizona Republican candidates announced earlier this month that the state must comply with an 1864 law that bans all abortions except when “necessary” to save a pregnant woman’s life. They…
LAS VEGAS (KLAS) — A $1.05 million gift will fund career development for women in sports, according to a Wednesday news release from the UNLV Athletics Department. The Diana Bennett Women’s Sports Career Development Program offers an internship program, resume building, career professional development, and a variety of networking and work experience initiatives. The athletics department said the program is part of its “Rebel Up” campaign. “These student-athletes consistently dedicate a lot of energy and time, both pre- and post-secondary, to becoming leaders in their sport,” Bennett said. “However, we see time and time again that career opportunities in the…