Author: omc_admin

  Protect global industry and supply chains. That was the message from Chinese President Xi Jinping when he spoke to a gathering of multinational CEOs on Friday. Xi, who has a great dislike for turmoil, given the traumas he and his family endured during the Cultural Revolution, is seen as having deep concerns about the impacts of US tariffs on the Chinese economy, which has suffered a serious slowdown since the lockdowns of the Covid-19 epidemic. China’s leaders are battling to dispel fears that the broad array of tariffs being imposed by US President Donald Trump will spur a renewed trade…

  Vietnam has made a range of significant bilateral trade concessions in a bid to avoid major tariffs being imposed by the Trump Administration next week. Hanoi has said it will cut tariffs on LNG (liquified natural gas) and cars from the US, and will allow services by Elon Musk’s Starlink. It is also boosting imports from America in a scramble to avoid US tariffs because of its large trade surplus with Washington – over $123 billion in 2024. Firms from Vietnam signed a series of energy deals and mineral agreements with American companies worth more than $4 billion during…

Pakistani American diaspora serves as a diplomatic asset in Pak-US bilateral ties. In the United States, the Pakistani diaspora numbers over half a million, with the majority residing in major cities of the U.S., mainly New York, Houston, Washington DC, and Chicago. There exist strong people-to-people ties between Pakistan and the US.  Moreover, around 10,164 Pakistani students are enrolled in higher education institutes of the US, with about 60% of Pakistani Americans holding bachelor’s degrees, making Pakistanis ranked as the second highly educated diaspora community in the US. Pakistani diaspora in the US are working as entrepreneurs, engineers, doctors, artists,…

Locus Robotics News & Resources Page 1 of 3 pages. Warehouse Automation: The Hidden Costs of Not Automating March 17, 2025 Maximize warehouse efficiency and stay competitive by embracing automation—avoid rising labor costs, space constraints, and missed customer expectations while unlocking faster order fulfillment and increased profitability. The Future of Warehouse Automation: Predictions for 2025 January 6, 2025 In a three-part series, Rick Faulk, CEO of Locus Robotics, reflects on the key developments of 2024, makes predictions for 2025, and provides insights for warehouse leaders on how to leverage emerging trends to achieve future success. Source link

ADVERTISEMENTUS President Donald Trump posted on Truth Social that he would sign an executive order imposing 25% tariffs on countries that purchase Venezuelan oil and gas, effective from 2 April. He referred to this date as “Liberation Day in America”, as his long-threatened reciprocal tariffs are also set to take effect. The move is widely viewed as a political manoeuvre designed to put pressure on Venezuelan President Nicolás Maduro, as well as China, the largest importer of Venezuelan crude.Oil prices surged following the announcement, with WTI futures at NYMEX climbing 1.22% to $69.11 per barrel, while Brent futures at ICE…

  President Donald Trump’s plans to impose tariffs on China as well as countries with significant trade deficits with the US, plus his proposal to levy large fees on Chinese vessels docking at US ports threaten upheaval for major business sectors in America, as well as trading partners around the globe. Trump has said his administration will unveil reciprocal tariffs on April 2, especially nations hailed by Treasury Secretary Scott Bessent as the “dirty nine,” which includes long-term allies such as South Korea. This proposal has led to intense debate on tariffs and trade restrictions in multiple countries across the…

  There appear to be problems with President Donald Trump’s plan to revive US shipbuilding by imposing large fees on China-linked ships that carry cargo to American ports. Trump’s plan to charge Chinese vessels a fee of about $1.5 million is looking uncertain because exporters are struggling to find US-built or US-flagged ships to send goods abroad. And that is causing US coal inventories to swell and stoking uncertainty in the embattled agriculture market, according to a report by Reuters.   ALSO SEE: April 2 Set as Date for Unveiling of Trump’s Reciprocal Tariffs   Trump is drafting an executive order…

  China has sent a delegation to Panama after the Trump Administration’s push to take greater control of the canal and ports at either end owned by a Hong Kong conglomerate. Chinese state media have fiercely criticized a $23-billion deal last week by CK Hutchison to sell the two Panama ports and 41 others in 22 additional countries to US investment giant BlackRock. Beijing hopes to “understand what is unfolding” and possibly reverse Panama’s decision to withdraw from its much-touted Belt and Road scheme and retain control of the Panama ports, according to a report by the South China Morning…

  Vietnamese leaders have scrambled to sign some big deals with the United States in a bid to reduce their trade imbalance with the US and the likelihood of punishing tariffs from the Trump administration. Firms from Vietnam signed a series of energy and mineral agreements with American companies during a visit to the United States by Vietnam’s trade minister, according to state media and one of the firms on Friday. Vietnamese companies are in talks to buy American crude oil and LNG, said state-controlled PetroVietnam Power, which is a signatory to one of the deals and has executives accompanying…

ADVERTISEMENTThe Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, is set to pay $3.5 billion (€3.2 billion) to buy the gaming division of Niantic. The San Francisco-based software development company is best known for its mobile games Pokémon Go and Monster Hunter Now. Pokémon Go is one of the world’s most popular mobile games. Launched in 2016, the augmented reality game was developed in collaboration with The Pokémon Company and Nintendo. Its usership peaked at 232 million active monthly players in 2016 and is currently at around 30 million monthly players. “I won’t say that Pokémon Go will remain…