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LABUBU, an elf-like plush toy with pointy ears and nine serrated teeth, has become a global sensation, worn by celebrities including Rihanna and Dua Lipa. These dolls are sold out in stores from Singapore to London; a human-sized version recently fetched a whopping US$150,000 at an auction in Beijing. With all the social media buzz, it is worth asking if we are witnessing the rise of a new-age collectible, or whether Labubu is a mere fad destined to fade.Investors certainly want to know. Pop Mart International Group, the Chinese manufacturer behind this trendy toy, has rallied 178 per cent this…
President of the United States Donald Trump arrives at Huis ten Bosch Palace for a dinner ahead of the Nato Summit 2025 on June 24, 2025 in The Hague, Netherlands.Patrick Van Katwijk | Getty ImagesPresident Donald Trump could extend his upcoming self-imposed tariff pause deadline, the White House said Thursday.That July 9 trade-deal deadline “is not critical,” press secretary Karoline Leavitt told reporters during a briefing.”The president can simply provide these countries with a deal if they refuse to make us one by the deadline,” Leavitt said, “and that means the president can pick a reciprocal tariff rate that he…
[JAKARTA] Indonesia is working on a new regulation that will require e-commerce platforms to collect and pass on sellers’ sales income in a bid to tackle the “shadow economy”, its tax office said on Thursday (Jun 26) confirming a Reuters report earlier this week.Citing sources, Reuters reported exclusively on Tuesday about a planned directive that e-commerce platforms must withhold and pass onto the authorities a levy amounting to 0.5 per cent of sales income from small and medium-sized sellers.Sources said the rule could be introduced as early as next month, though a statement from the tax office did not give…
Market Growth Driven by Temperature-Sensitive Pharmaceuticals Demand, Biopharmaceutical Expansion, Stringent Regulatory Requirements, and Advanced Therapy Development REDDING, Calif., June 26, 2025 /PRNewswire/ — According to a comprehensive market research report titled “Pharmaceutical Cold Storage Market by Equipment/Solution Type (Refrigeration Equipment, Temperature-Controlled Containers/Packaging, Monitoring and Control Systems, Cold Storage Services), Temperature Range (2°C to 8°C, -15°C to -25°C, -40°C to -80°C, Below -80°C, Controlled Room Temperature), Application (Commercial Drug Manufacturing & Distribution, Clinical Trials, Vaccine Distribution, Biologics & Cell/Gene Therapy Storage, Blood & Plasma Storage, Hospital Storage, Pharmacy Distribution, Research Storage), End-User (Pharmaceutical & Biotechnology Companies, CROs, Third-Party Logistics Providers, Hospitals…
CoreWeave is in talks to buy Core Scientific, after the bitcoin miner rejected an earlier deal from the cloud provider last year, the Wall Street Journal reported on Thursday, citing people familiar with the matter.Shares of Core Scientific rose about 8 per cent after the report, giving the company a market value of nearly $4 billion.Crypto miners use vast amounts of electricity to run their operations and are being increasingly targeted by bigger peers and AI technology companies, as they try to consolidate power supply for their energy-hungry enterprises.A deal could be finalized in the coming weeks, if talks don’t…
In the 50-plus years of James Bond, the wait between films has never gone longer than six years. The next entry, and first since Daniel Craig’s dramatic exit, may test that — but things are speeding up. On Wednesday, Amazon MGM Studio announced that Denis Villeneuve will direct the 26th Bond movie, putting the franchise in the hands of one of the most respected big-budget filmmakers. Here’s what to know about that decision, and where things stand for 007. Villeneuve, the 57-year-old French Canadian director, edged out other filmmakers who were reportedly eyed for the gig, including Edward Berger (“Conclave”)…
WASHINGTON — One key unsettled issue stalling progress on President Donald Trump’s big bill in Congress is particularly daunting: How to cut billions from health care without harming Americans or the hospitals and others that provide care?Republicans are struggling to devise a solution to the health care problem their package has created. Already, estimates say 10.9 million more people would be without health coverage under the House-passed version of the bill. GOP senators have proposed steeper reductions, which some say go too far.“The Senate cuts in Medicaid are far deeper than the House cuts, and I think that’s problematic,” said…
The average rate on a 30-year U.S. mortgage fell to its lowest level since early May, an encouraging trend for prospective homebuyers at a time when the U.S. housing market remains largely held back by elevated borrowing costs and rising prices.The long-term rate fell to 6.77% from 6.81% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.86%.Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell. The average rate dropped to 5.89% from 5.96% last week. A year ago, it was 6.16%, Freddie Mac said.High mortgage rates can add…
New Orleans Saints rookie quarterback Tyler Shough is in his own boat. Shough will turn 26 in September, played for three different programs in his college career, suffered multiple devastating injuries and was still the No. 40 pick in the 2025 NFL Draft. In Shough’s mind, though, his college experiences mentally equip him for the next level.”I think for me and what I’ve been through: I’ve been carted off the field’ I’ve been booed; I’ve been an MVP; I’ve been a starter’ I’ve been a backup to [Justin] Herbert — I’m like, throw some s— at me, you’re not going…
NEW YORK/LONDON : The dollar sank to a more than three-year low even as global shares hit their third record high in three days on Thursday and amid growing market concerns about the Federal Reserve’s independence.The U.S. dollar index was down nearly 0.5 per cent on the session and more than 10 per cent for the year. If it stays that way in the next few days it will be its biggest fall in the first half of a year since the start of the era of free-floating currencies in the early 1970s.Wall Street’s main indexes were trading higher, with…