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US Postal Service Suspends Parcel Imports from China Amid Rising Tensions

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The US Postal Service (USPS) has halted the acceptance of parcels from mainland China and Hong Kong “until further notice” in response to newly implemented regulations that close a loophole allowing duty-free imports of low-value goods. This move comes amid escalating trade tensions between the United States and China, particularly following the announcement by former President Donald Trump of an additional 10% tariff on all Chinese imports.

Under the previous policy, known as “de minimis,” parcels valued at under $800 (approximately £640) could enter the US without being subject to taxes or duties. Chinese fast-fashion companies like Shein and Temu took advantage of this exemption, shipping inexpensive products to millions of US customers without incurring customs charges. Similar exemptions apply in other regions, including the UK, where the threshold is £135, and the EU, where it stands at €150 (approximately £124).

However, the surge in the volume of parcels, with nearly half originating from China, prompted US authorities to reassess the system. The growing concern over the influx of goods—some of which may be illegal or substandard—has led to increased scrutiny at customs. USPS confirmed that the suspension only affects parcels, with letters remaining unaffected, but did not provide further details on the matter.

This policy change reflects a global trend as other regions tighten their import regulations. The EU has also announced measures to strengthen checks on goods from e-commerce platforms, specifically targeting Shein and Temu, and has launched an investigation into Shein‘s compliance with European consumer protection laws. These measures come amid growing concerns about the safety and regulation of goods sold online.

The US crackdown on duty-free imports is part of a broader escalation in trade tensions between the US and China. In response, China has threatened retaliatory tariffs on certain US brands, including PVH, the parent company of brands like Calvin Klein and Tommy Hilfiger. Meanwhile, China has also advanced its development of AI-driven and autonomous weapons, raising security concerns in the West.

Retailers in the UK and Europe have expressed support for the new US regulations. Nick Stowe, CEO of Monsoon Accessorize, welcomed the changes, arguing that the previous system unfairly benefited online retailers, such as Shein, by allowing them to avoid customs duties while expanding their businesses.

The US-China trade dispute continues to intensify, with little sign of resolution. Discussions between Trump and Chinese President Xi Jinping have stalled, and Trump has stated he is “in no rush” to resume negotiations. As tensions rise, concerns about a wider trade war loom, with potential ramifications extending beyond just fast fashion.

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Amazon MGM Takes Creative Reins of James Bond Franchise Amid Casting Buzz

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In a landmark shift for the James Bond franchise, Amazon MGM has partnered with long-time producers Michael G. Wilson and Barbara Broccoli to oversee the future of 007. While all three entities retain co-ownership of the Bond intellectual property, Amazon MGM will now lead creative decisions, marking a significant departure from its previously limited role.

The move follows Amazon’s $8.5 billion acquisition of MGM in 2021, which granted it partial ownership but little say in the franchise’s artistic direction. With Daniel Craig’s departure after 2021’s No Time to Die, speculation about the next James Bond has intensified. Jeff Bezos, Amazon’s founder and executive chairman, fueled the debate by asking his followers on social media platform X, “Who’d you pick as the next Bond?” The overwhelming response highlighted British actor Henry Cavill as a fan favorite. Known for roles in Superman, The Witcher, and Mission: Impossible – Fallout, Cavill previously auditioned for the role in 2006’s Casino Royale but lost to Daniel Craig. Director Martin Campbell praised Cavill’s audition but deemed him too young at the time. Now in his early forties, Cavill’s age could be a factor if long-term commitments are considered.

Daniel Craig acknowledged Wilson and Broccoli’s contributions, telling Variety, “My respect, admiration, and love for Barbara and Michael remain constant and undiminished.” With Wilson stepping back and Broccoli expected to reduce her involvement, Amazon MGM gains greater creative control, raising questions about the franchise’s future direction.

Fan speculation continues to swirl around Cavill, alongside other contenders like Taron Egerton, Tom Hardy, and Idris Elba. While Amazon MGM has yet to announce a timeline or reveal casting decisions, industry watchers anticipate a new era that may extend beyond traditional films, potentially including spin-offs, series, and streaming exclusives. As the studio reshapes Bond’s future, audiences worldwide eagerly await the next chapter in the iconic spy saga.

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Global Hiring Slump Marks Longest Downturn in Decades, Says Hays CEO

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The global job market is experiencing its longest downturn in over 20 years, according to Dirk Hahn, CEO of Hays, Britain’s largest listed recruitment firm. Hahn attributes the slump to ongoing macroeconomic uncertainty, which is deterring both employers and job seekers from making moves.

Hays, which employs nearly 7,000 consultants worldwide, reported weaker demand for temporary workers in early 2025, while demand for permanent roles—particularly in Europe—remains sluggish following a pre-Christmas dip. Countries such as France, the UK, Ireland, and Germany, Hays’s largest market, are feeling the pressure most acutely.

In the six months leading up to December, Hays reported a 15% drop in group net fees, falling to £496 million from £583.3 million the previous year. Pre-tax profits fell sharply by 67% to £9.1 million, compared to £27.6 million during the same period the prior year. Hays’s share price, already down 25% over the past year, dipped a further 1.8% on Thursday, closing at 71¾p and placing the company’s market value just below £1.2 billion. Despite declining profits, the company will maintain its interim dividend at 0.95p per share.

While the broader UK labor market has shown resilience with limited mass layoffs, businesses remain cautious about expanding their workforce. “Most companies have enough work to retain their current staff, but they’re not looking to increase headcount,” said James Hilton, Hays’s chief financial officer. “Many employees who received pay increases in recent years are not seeking new roles, creating a stalemate. However, over time, people will seek promotions or fresh challenges.”

Recruiters had anticipated a market recovery earlier this year, but Hahn now warns that the rebound may not materialize until 2026. In the meantime, Hays is focusing on its technology recruitment division—its most profitable segment—as it navigates the prolonged global hiring slowdown.

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UK Government Reports Lower-Than-Expected Budget Surplus in January

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The UK government reported a budget surplus of £15.4 billion in January, falling short of economists’ forecasts of £21 billion and the £19 billion predicted by the Office for Budget Responsibility (OBR). Despite January typically seeing a boost from self-assessment tax payments, the lower-than-expected figure has increased total borrowing for the financial year to £118.2 billion—over £11 billion more than the previous year.

The government’s debt-to-GDP ratio now stands at 95.3 per cent, a level last observed in the 1960s. With the OBR set to release updated forecasts on March 26, there are concerns that the government may struggle to meet its goal of reducing the debt ratio by 2029. This could lead to potential spending cuts or tax hikes in the autumn budget.

Reduced debt-servicing costs helped boost January’s surplus, dropping from £9 billion in December to £6.5 billion. However, this was partially offset by a £6 billion one-off expense related to the government’s repurchase of military housing from private firm Annington.

Darren Jones, chief secretary to the Treasury, emphasized the government’s commitment to “economic stability and meeting our non-negotiable fiscal rules.” He also noted that a comprehensive spending review—the first of its kind in 17 years—is underway to ensure that public funds are used efficiently and aligned with national priorities.

 

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