Businesses and consumers in China were less interested in the Singles’ Day shopping festival this year due to a sluggish economy, prompting e-commerce platforms like Alibaba to seek growth abroad. Despite originally starting in 2009 to offer discounts and boost sales, the event has seen declining consumer sentiment in recent years, with some customers no longer trusting promotions. As the economy continues to struggle, experts predict low growth for the festival, with platforms like JD.com and Alibaba reporting dwindling transaction values and single-digit growth figures.
Full Article
Russian State TV Celebrates Donald Trump’s First Week: ‘Our Point of View’
Russian state television propagandists have expressed delight at President Donald Trump's decisions, with one guest on Evening With Vladimir Solovyov praising the administration's stance on geopolitics. They welcomed Trump's tariffs on Canada, Mexico, and China, interpreting comments by U.S. Secretary of State Marco Rubio as a shift towards a multipolar world. Russian media outlets suggested that Moscow could benefit from the tariffs, potentially leading to a rise in global energy prices. Full Article
Read more