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Canada's Soaring Prowess in Drone Technology Surpasses Global Peers
Industry News
Canada has emerged as a dominant force in the global drone technology arena, particularly excelling in commercial and scientific research applications. Outshining even technological powerhouse the United States in certain aspects, the nation's expertise has redefined industry standards, driving innovation and practical implementation of drone technology worldwide.more
Trump's 50% Tariff on Amazon Sparks Fears of Retail Upheaval
Industry News
U.S. President Donald Trump has signed an executive order imposing a 50% tariff on all goods sold through Amazon, set to take effect on August 1, 2025. The move, citing Section 301 of the 1974 Trade Act, accuses Amazon of "unfair competitive practices" and "monopolistic behavior."more
Singapore Leads Globally in Cross-Border Shopping Penetration with Strong Consumer Vigor
Industry News
Singapore has shown strong momentum in the cross-border e-commerce sector, with a cross-border shopping penetration rate of 69%, ranking first in the world. Data shows that 98% of Singaporean consumers are willing to shop overseas, far exceeding the global average, and 69% of them make cross-border purchases at least once a month.more
Gold Market Oscillates Downward, Economic Data Weighs
Industry News
Tuesday saw an oscillatory downward trend in the international gold market. The price hit a high of 3348 during the session and plunged to a key support level of 3300. The trading day featured a typical pattern of surging and then falling. In the Asian session, the price reached the day's high of 3348 at the opening and then quickly dropped to around 3306. During the European session, it fluctuated within the range of 3324−3300.more
US Manufacturing Sector Faces Gloomy Outlook as ISM Index Plunges
Industry News
The US manufacturing sector witnessed a significant setback in April, with the ISM manufacturing index registering its sharpest decline since November. Data released by the Institute for Supply Management (ISM) on Thursday showed that the manufacturing index dropped 0.3 points to 48.7, below the 50 - point threshold that separates expansion from contraction, indicating an overall shrinking manufacturing sector.more
Japan to deal with labor shortages: foreign immigrants become a key move
Industry News
During a recent trip to Japan during his annual vacation, this reporter observed a remarkable phenomenon: the growing number of foreigners working in Japan, in addition to the many tourists. Especially in the service sector, many people from Southeast Asia can be seen in supermarkets, retail stores and other places, as well as many practitioners from other East Asian countries.more