Sony is in talks to acquire Kadokawa, the Japanese media powerhouse known for “Elden Ring,” as reported exclusively by Reuters. Shares of Kadokawa surged 23% after the news, with the company confirming receipt of an initial letter of intent for the acquisition. This potential deal highlights Sony’s transformation into an entertainment and technology giant, with a growing focus on anime and expanding its entertainment portfolio.
Full Article
US Postal Service to accept inbound parcels from China, Hong Kong after suspension
The United States Postal Service (USPS) announced that it would resume accepting parcels from China and Hong Kong, reversing a previous suspension caused by President Trump ending a trade provision for duty-free shipments from retailers like Temu, Shein, and Amazon. The USPS is collaborating with Customs and Border Protection to implement efficient collection mechanisms for new China tariffs to minimize delivery disruptions. The Trump administration imposed a 10% tariff on Chinese goods and eliminated the...
Read more