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Stablecoins Streamline Remittances but Cashing Out Remains a Challenge for Recipients

Stablecoins Streamline Remittances but Cashing Out Remains a Challenge for Recipients

Stablecoins Streamline Remittances but Cashing Out Remains a Challenge for Recipients
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Xi pushes 'Greater BRICS' economic ties to give bloc larger global role

Xi pushes 'Greater BRICS' economic ties to give bloc larger global role

(Corrects spelling of headline tag) NEW DELHI, Sept 13 (Reuters) - Chinese President Xi Jinping unveiled on Sunday initiatives in areas ranging from AI to trade to deepen cooperation among the "Greater BRICS" emerging economies, as Beijing seeks to weld the grouping into a practical platform for
ReutersReuters
Companies left China to dodge tariffs. Now some are heading back

Companies left China to dodge tariffs. Now some are heading back

By Ellen Zhang and Marius Zaharia BEIJING/HONG KONG, Sept 14 (Reuters) - A year after shifting production and sourcing out of China to avoid higher U.S. tariffs, some companies are learning that replicating the country's factory ecosystem is not so easy and are bringing manufacturing back.
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House Panel Examines U.S. Dependence on China for Critical Minerals; Donald Trump Jr.'s Firm Under Scrutiny

House Panel Examines U.S. Dependence on China for Critical Minerals; Donald Trump Jr.'s Firm Under Scrutiny

The House Ways and Means Committee recently held a hearing to address the U.S.'s reliance on China for critical minerals, which are essential for various products from smartphones to military equipment. China currently dominates the production or processing of 30 out of 60 critical minerals designated by the U.S., controlling approximately 90% of global rare earth processing capacity. The Trump administration has prioritized securing critical mineral supply chains since January 2025, signing executive orders to accelerate permitting and expand domestic mineral production. Project Vault, a strategic critical minerals reserve backed by $10 billion from the Export-Import Bank and nearly $2 billion in private financing, was announced in February. Secretary of State Marco Rubio also convened the Critical Minerals Ministerial, establishing the Forum on Resource Geostrategic Engagement (FORGE) for international cooperation. Donald Trump Jr.'s venture capital firm, 1789 Capital, has invested in Vulcan Elements, a ...
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U.S. Immigrant Visa Processing Varies by Consulate, Local Laws Impact Eligibility in Guangzhou, Hong Kong, and Taipei

U.S. Immigrant Visa Processing Varies by Consulate, Local Laws Impact Eligibility in Guangzhou, Hong Kong, and Taipei

U.S. immigrant visa processing is not uniform across all visa-issuing posts, with each consulate having distinct procedures, document requirements, and communication methods. For applicants in Guangzhou, Hong Kong, and Taipei, local laws significantly influence the validity of marriages, divorces, adoptions, and parent-child relationships for U.S. immigration purposes. Specific issues arise, such as the requirement for notarial birth certificates in mainland China, the ineligibility of certain Communist Party members under the U.S. Immigration and Nationality Act, and unique police certificate procedures in Hong Kong. In Taiwan, specific household registration transcripts are required instead of ordinary birth certificates, and the validity of marriages and divorces is date-sensitive, impacting eligibility. These regional variations necessitate a detailed understanding of both U.S. federal immigration law and local legal frameworks to navigate the application process successfully.
ReutersReuters
BRICS finance chiefs urge reform of global development financial institutions

BRICS finance chiefs urge reform of global development financial institutions

MUMBAI, Sept 11 (Reuters) - Finance ministers and central bank governors of BRICS countries have called for reform of global developmental financial institutions such as the International Monetary Fund and World Bank, seeking a stronger voice for emerging market economies.
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Blockchain Technology Revitalizes U.S. Dollar's Global Reach Through Stablecoins

Blockchain Technology Revitalizes U.S. Dollar's Global Reach Through Stablecoins

Blockchain Technology Revitalizes U.S. Dollar's Global Reach Through Stablecoins
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Non-Aligned Movement Established in Belgrade, Yugoslavia, in 1961

Non-Aligned Movement Established in Belgrade, Yugoslavia, in 1961

The Non-Aligned Movement (NAM) was formally established in September 1961 at its first official summit held in Belgrade, which was then the capital of Yugoslavia. This movement emerged during the Cold War era, with its founding members opting to remain independent of the two dominant blocs: the Western bloc led by the United States and the Eastern bloc led by the Soviet Union. Key leaders instrumental in the formation of NAM included Tito of Yugoslavia, Nehru of India, Nasser of Egypt, Sukarno of Indonesia, and Nkrumah of Ghana. The groundwork for non-alignment was laid earlier at the Bandung Conference in Indonesia in 1955, an Afro-Asian gathering that produced the principles later adopted by NAM, and through the Panchsheel agreement between India and China. The movement's establishment in Belgrade marked a significant step in formalizing this stance of neutrality and independent foreign policy among newly independent states.
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Brazil Eliminates Federal Import Tax on Small Overseas Parcels, Diverging from U.S. and EU Policies

Brazil Eliminates Federal Import Tax on Small Overseas Parcels, Diverging from U.S. and EU Policies

Brazil has eliminated its federal import tax on small overseas parcels, a move that contrasts sharply with recent efforts by the U.S. and the European Union to close similar tax loopholes. This decision, which effectively ends a 20% charge on orders up to US$50, was reversed by Brazilian President Luiz Inacio Lula da Silva, who had previously opposed the tax. The levy, known as 'taxa das blusinhas' or de minimis, primarily affected cheap clothing, phone cases, and household goods bought by lower-income consumers. The U.S. ended its US$800 de minimis exemption for goods from mainland China and Hong Kong in May last year, and then suspended it for all origins in August, leading to significant user losses for platforms like Shein and Temu in the U.S. and EU.
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Putin holds talks with Modi in India ahead of BRICS summit of 11 nations

Putin holds talks with Modi in India ahead of BRICS summit of 11 nations

Russian President Vladimir Putin and Indian Prime Minister Narendra Modi have held talks ahead of a BRICS summit in New Delhi
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U.S. Customs Intensifies Enforcement of Uyghur Forced Labor Prevention Act on China Imports

U.S. Customs Intensifies Enforcement of Uyghur Forced Labor Prevention Act on China Imports

U.S. Customs Intensifies Enforcement of Uyghur Forced Labor Prevention Act on China Imports
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BRICS leaders voice concern over Middle East, condemn unilateral sanctions at India summit

BRICS leaders voice concern over Middle East, condemn unilateral sanctions at India summit

The BRICS group of emerging economies expresses concern over rising tensions in the Middle East and condemns sanctions not authorized by the U.N. The leaders met in New Delhi to strengthen their global position