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13
May

Hong Kong stocks jump 3% for best performance in 2 months as China, US agree to cut tariffs

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Hong Kong stocks rose by the most in two months on Monday to extend the longest winning streak in a year, as a de-escalation in the China-US trade war boosted risk appetite. The Hang Seng Index closed 3 per cent higher at 23,549.46, its best one-day performance since March 6. Sentiment received a boost in the afternoon after China and the US agreed to substantially lower tariffs on each other’s goods. The eight-day run is the longest since a 10-day streak ended in May 2024, notching up a 7.2 per...
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12
May

Investors welcome news of progress in US-China trade talks

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IMMEDIATE PACT SEEN AS UNLIKELY Both the US and China may want, or even need, to reach a deal, said Liqian Ren, director of Modern Alpha at WisdomTree Asset Management. At this early stage, however, there seems to be little incentive to do so rapidly, she added. “Each still wants to see how the other side copes with negative headwinds,” Ren said. “Right now, the market is maybe a little bit too optimistic in terms of what China and the US can achieve and how fast events will move.” Trade...
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12
May

Tower 28 Expands to Sephora U.K. After Doubling Sales

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Tower 28, a California-based beauty brand, is launching in the U.K., partnering exclusively with Sephora. Initially, products will be available at seven Sephora locations, expanding to Liverpool later in the year. The launch includes nine bestselling products such as the SOS Daily Rescue Facial Spray and Swipe Serum Concealer. Founder Amy Liu cherishes this expansion as she began her career with Smashbox in the U.K. Tower 28 plans to expand further into the Middle East later this year. The brand’s U.S. success at Sephora has been notable, and similar growth...
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12
May

Work-from-Home Fashion: Balancing Comfort and Professionalism

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Work-from-Home Fashion: Balancing Comfort and Professionalism In today’s dynamic work environment, the shift to remote work has necessitated a rethinking of traditional office attire. The challenge? Striking the perfect balance between comfort and professionalism while working from home. Whether you’re stepping into virtual meetings or focusing solo behind the screen, what you wear can significantly affect your productivity and mood. Here, we explore how to nail work-from-home fashion with ease and flair. Understanding the Work-from-Home Dress Code Remote work attire can vary widely depending on company culture and personal preference....
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12
May

S&P 500 surges 2.9% at open after US-China tariff deal

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US Treasury secretary Scott Bessent has suggested US tariffs on Chinese goods will not be reduced any further following Washington’s interim deal with Beijing, as he held out the prospect that the duties could stabilise close to their current levels. In an interview with Bloomberg, Bessent described the 90-day deal as a “pause” that brought Trump’s “reciprocal tariffs” on China down to 10 per cent. “I’m not saying they are going to go up, but it would be implausible that they would go below 10 [per cent],” he said, arguing...
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