Browsing: Business

Washington, October 18, 2025: United Parcel Service (UPS) is facing mounting criticism after a surge in reports that international packages are being destroyed or returned following customs clearance failures in the United States. The developments follow the end of the $800 “de minimis” exemption, exposing even low-value imports to full customs scrutiny, tariffs, and documentation requirements. The change took effect on August 29, 2025, under revised federal import regulations that eliminate duty-free entry for shipments previously classified under the exemption. The result has been a sharp increase in clearance issues at major  UPS  hubs, including Louisville, Kentucky, where customers report that parcels…

BRUSSELS, October 11, 2025: The European Commission announced on Friday the addition of six new AI Factories to its growing network, marking a significant step in its efforts to position the European Union as a global hub for artificial intelligence. The expansion brings the total number of AI Factories to 19, operating across 16 member states. The newly selected facilities will be located in the Czech Republic, Lithuania, the Netherlands, Poland, Romania, and Spain. These AI Factories will provide start-ups, small and medium-sized enterprises, research institutions, and public sector organizations with access to high-performance computing infrastructure optimized for artificial intelligence applications. The facilities are designed to support the development, testing, and…

MARSHALL, Texas, October 11, 2025: A federal jury in Marshall, Texas, has ordered Samsung Electronics to pay $445.5 million in damages to Collision Communications, finding that the South Korean technology company willfully infringed four patents tied to wireless communication standards used in 4G, 5G and Wi-Fi technologies. The verdict, delivered on Friday, October 10, follows a four-day trial in the U.S. District Court for the Eastern District of Texas. Jurors concluded that Samsung’s smartphones, laptops and other wireless-enabled devices infringed intellectual property held by Massachusetts-based Collision Communications, a company that specializes in advanced telecommunications solutions. The eight-member jury reached its unanimous decision after approximately two…

OpenAI has signed a multibillion-dollar deal with AMD to deploy six gigawatts of GPUs, expanding its AI infrastructure with a major chip supply agreement.

Trump and Carney met in Washington to discuss US-Canada trade, with tariffs, USMCA compliance, and economic concerns dominating the agenda.

Pharmacies in Colorado face drug supply uncertainties as the federal 100% tariff on imported pharmaceuticals goes into effect Wednesday.

Trump imposes 10% tariff on lumber and 25% on furniture, citing national security, with measures effective October 14 and higher rates planned for 2026.

South Korea and the US are negotiating a $350B investment pact with a focus on foreign exchange safeguards and visa issues during President Lee’s UN visit.

Amazon to close all 19 Amazon Fresh stores in the UK, converting five to Whole Foods Market and expanding online grocery operations nationwide.

Morgan Stanley integrates crypto trading into ETrade using Zerohash, enabling direct access to Bitcoin, Ethereum, and Solana for retail investors in 2026.