China to step up rental housing sector regulation
The regulations, which will take effect on September 15, lay out requirements for rental activities as well as operations of rental companies and brokerages.
The regulations also stipulate that local governments should step up supervision of the rental housing sector, requiring some to set up rent monitoring mechanisms.
(Reporting by Yukun Zhang and Ryan Woo Editing by David Goodman )
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Gulf Today
an hour ago
- Gulf Today
Less selection, More prices
With summer in full swing in the United States, retail executives are sweating a different season. It's less than 22 weeks before Christmas, a time when businesses that make and sell consumer goods usually nail down their holiday orders and prices. But President Donald Trump's vacillating trade policies have complicated those end-of-year plans. Balsam Hill, which sells artificial trees and other decorations online, expects to publish fewer and thinner holiday catalogs because the featured products keep changing with the tariff rates the president sets, postpones and revises. 'The uncertainty has led us to spend all our time trying to rejigger what we're ordering, where we're bringing it in, when it's going to get here,' Mac Harman, CEO of Balsam Hill parent company Balsam Brands, said. 'We don't know which items we're going to have to put in the catalog or not.' Months of confusion over which foreign countries' goods may become more expensive to import has left a question mark over the holiday shopping season. US retailers often begin planning for the winter holidays in January and typically finalize the bulk of their orders by the end of June. The seesawing tariffs already have factored into their calculations. The consequences for consumers? Stores may not have the specific gift items customers want come November and December. Some retail suppliers and buyers scaled back their holiday lines rather than risking a hefty tax bill or expensive imports going unsold. Businesses still are setting prices but say shoppers can expect many things to cost more, though by how much depends partly on whether Trump's latest round of 'reciprocal' tariffs kicks in next month. The lack of clarity has been especially disruptive for the US toy industry, which sources nearly 80% of its products from China. American toy makers usually ramp up production in April, a process delayed until late May this year after the president put a 145% tariff on Chinese goods, according to Greg Ahearn, president and CEO of the Toy Association, an industry trade group. The US tariff rate may have dropped significantly from its spring high - a truce in the US-China trade war is set to expire on Aug. 12 - but continues to shape the forthcoming holiday period. Manufacturing activity is way down from a year ago for small- and medium-sized US toy companies, Ahearn said. The late start to factory work in China means holiday toys are only now arriving at US warehouses, industry experts said. A big unknown is whether tariffs will keep stores from replenishing supplies of any breakout hit toys that emerge in September, said James Zahn, editor-in-chief of the trade publication Toy Book. In the retail world, planning for Christmas in July usually involves mapping out seasonal marketing and promotion strategies. Dean Smith, who co-owns independent toy stores JaZams in Princeton, New Jersey, and Lahaska, Pennsylvania, said he recently spent an hour and a half running through pricing scenarios with a Canadian distributor because the wholesale cost of some products increased by 20%. Increasing his own prices that much might turn off customers, Smith said, so he explored ways to 'maintain a reasonable margin without raising prices beyond what consumers would accept.' He ordered a lower cost Crazy Forts building set so he would have the toy on hand and left out the kids' edition of the Anomia card game because he didn't think customers would pay what he would have to charge. 'In the end, I had to eliminate half of the products that I normally buy,' Smith said. Hilary Key, owner of The Toy Chest in Nashville, Indiana, said she tries to get new games and toys in early most years to see which ones she should stock up on for the winter holidays. This year, she abandoned her product testing for fear any delayed orders would incur high import taxes. Meanwhile, vendors of toys made in China and elsewhere bombarded Key with price increase notices. For example, Schylling, which makes Needoh, Care Bear collectibles and modern versions of nostalgic toys like My Little Pony, increased prices on orders by 20%, according to Key. All the price hikes are subject to change if the tariff situation changes again. Key worries her store won't have as compelling a product assortment as she prides herself on carrying. 'My concern is not that I'll have nothing, because I can bring in more books. I can bring in more gifts, or I can bring in just things that are manufactured in other places,' she said. 'But that doesn't mean I'm going to have the best stock for every developmental age, for every special need.' The retail industry may have to keep taking a whack-a-mole approach to navigating the White House's latest tariff ultimatums and temporary reprieves. Last week, the president again reset the rates on imports from Brazil, the European Union, Mexico, and other major trading partners but said they would not take effect until Aug. 1. The brief pause should extend the window importers have to bring in seasonal merchandise at the current baseline tariff of 10%. The Port of Los Angeles had the busiest June in its 117-year history after companies raced to secure holiday shipments, and July imports look strong so far, according to Gene Seroka, the port's executive director. 'In my view, we're seeing a peak season push right now to bring in goods ahead of potentially higher tariffs later this summer,' Seroka said Monday. The pace of port activity so far this year reflects a 'tariff whipsaw effect' - imports slowing when tariffs kick in and rebounding when they're paused, he said. 'For us consumers, lower inventory levels, fewer selections and higher prices are likely as we head into the holidays.' Smith, who co-owns the two JaZams stores with his partner, Joanne Farrugia, said they started placing holiday orders two months earlier than usual for 'certain items that we felt were essential for us to have at particular pricing.' They doubled their warehouse space to store the stockpile. But some shoppers are trying to get ahead of higher prices just like businesses are, he said. He's noticed customers snapping up items that will likely be popular during the holidays, like Jellycat plush toys and large stuffed unicorns and dogs. Any sales are welcome, but Smith and Farrugia are wary of having to restock at a higher cost. 'We're just trying to be as friendly as we can to the consumer and still have a product portfolio or profile that is gonna meet the needs of all of our various customers, which is getting more and more challenging by the day,' Smith said. Balsam Brands' Harman said he's had to resign himself to not having as robust a selection of ornaments and frosted trees to sell as in years' past. Soon, it will be too late to import meaningful additions to his range of products. 'Our purpose as a company is to create joy together, and we're going to do our very best to do that this year,' Harman said. 'We're just not going to have a bunch of the items that consumers want this year, and that's not a position we want to be in.' Associated Press
Zawya
2 hours ago
- Zawya
Ministry of Education launches 2025 Summer Abroad Programme
The programme offers students high-level training and educational experiences at leading global universities and research institutions United Arab Emirates: The Ministry of Education (MoE) has launched the 2025 Summer Abroad Programme, sending 270 top Grade 10 and 11 public school students to leading global universities and research institutions. The initiative supports MoE's vision to equip future generations with the knowledge and skills to contribute to national development, as well as to enrich students' academic journeys by enabling them to access prestigious institutions. Held in July and August, the programme offers students high-level global training and educational experiences to broaden their horizons, enhance their academic and personal skills and deepen their understanding of innovation in fields such as AI, leadership and entrepreneurship. It also helps them make informed career choices, build global knowledge networks and develop the long-term skills needed to excel in education and innovation. Her Excellency Sarah Al Amiri, Minister of Education, said: 'The Summer Abroad program offers students hands-on training at top international scientific institutes, fostering academic growth, personal development, and broader cultural and scientific perspectives.' The 2025 Summer Abroad Programme includes field visits and specialised training in six top innovation hubs – Singapore, China, Japan, South Korea, Russia and Malaysia. Students are supported by 29 trained academic supervisors, with this year's edition of the programme also welcoming students of determination from Japan and South Korea. For further information, please contact:
Zawya
2 hours ago
- Zawya
GCAA-Volar dialogue in Beijing accelerates green aviation innovation and GAT Hub collaboration
Beijing – Regulators and industry leaders convened today in Beijing for the GCAA-Volar Dialogue: Pioneering Innovation in Green Aviation, co-hosted by the UAE General Civil Aviation Authority (GCAA) and Volar Air Mobility (Volar). The Dialogue welcomed His Excellency Saif Mohammed Al Suwaidi, Director General of the UAE GCAA; Mr. Henry Hooi, Chairman of Volar Air Mobility Holding Co.; Mr. Saif Aldarmaki, Chairman of Volar Air Mobility Industries and distinguished aviation industry pioneers. The event focused on the development of various green aviation technologies, including sustainable aviation fuels (SAFs), electric & hydrogen propulsion technologies, AI pilot training, green materials and green infrastructure development. Renowned sustainability expert, Dr. Sharon Lu presented on the advancement of the SAF industry and the alignment of industry initiatives with ICAO's global decarbonization goals, highlighting opportunities for cross-border cooperation. Mr. Guo Yilin from Liaoning General Aviation Academy shared the development roadmap of the RX-series electric aircraft — the World's Widest series of Electric Aircraft. A key highlight was the progress of the Green Aviation Technology (GAT) Hub, an integrated incubation and commercialization platform ecosystem for sustainable aviation, established through a Memorandum of Understanding (MoU) signed last year between the GCAA and Volar in Montreal during the ICAO Advanced Air Mobility (AAM) Symposium. Keynote Speech presented by His Excellency Saif Mohammed Al Suwaidi, Director General of the UAE GCAA, stating: 'Advancing green technologies is central to the UAE's vision for the future of aviation. We are committed to fostering innovation, supporting sustainable solutions, and strengthening international partnerships to drive real progress. The Green Aviation Technology (GAT) Hub stands as a key platform for collaboration towards cleaner skies and a more sustainable aviation future. Our partnership with Volar is an important step among many, reflecting the UAE's dedication to innovation and global cooperation.' Mr. Henry Hooi, Chairman of Volar Air Mobility Holding Co., highlighted the Hub's transformative impact: 'The GAT Hub is the launchpad for a new era of green aviation in the UAE ecosystem. By connecting technology, talent, and investment, we are building a platform for scalable solutions to redefine air mobility—both regionally and globally.' Mr. Saif Aldarmaki, Chairman of Volar Air Mobility Industries, supplemented: 'Today's dialogue is another step forward in our mission to empower local communities, enable sustainable air mobility options, and educate the next generation. Through the GAT Hub, we are determined to deliver real-world impact and foster responsible growth in aviation.' The session also featured perspectives from Dr. Yao Junchen and Ms. Zhang Xue, Co-Founding Members of the International Association for Green Aviation (IAGA), who emphasized the vital importance of academia-industry collaboration and shared actionable insights for fostering green aviation innovation and talent development. The Dialogue facilitated introductions between the UAE and leading Chinese technology companies — Zhonghang Shanda Superalloys, Zhuhai Xiangyi Aviation Technology, Guofu Hydrogen and Beijing Urban Construction Design & Development Group Co. — each exploring opportunities to expand or further strengthen their presence within the UAE's flourishing green aviation ecosystem. In the Closing Remarks, Volar announced the signing of a Memorandum of Understanding (MoU) with Falcon Aviation on the commercialization of electric aircraft in the UAE. This partnership marks a significant step towards accelerating the adoption and integration of electric aircraft in the region, further demonstrating the UAE's commitment to sustainable and innovative air mobility solutions. About UAE GCAA The General Civil Aviation Authority (GCAA) was established in 1996 by Federal Cabinet Decree (Law4) as the national regulatory authority for civil aviation in the United Arab Emirates. Its core mission is to oversee and develop the civil aviation sector in line with the highest standards of safety, security, and sustainability. In alignment with the UAE government's forward-looking vision and national priorities, the GCAA is committed to building a globally leading aviation system that fosters innovation, develops Emirati capabilities, and enhances the UAE's position as a hub for safe, secure, and sustainable air transport. For more information, visit: For media inquiries, please contact: communication@ About Volar Air Mobility Volar Air Mobility is a pioneering company in the field of advanced air mobility solutions, dedicated to developing sustainable aviation technologies that drive the future of air travel and reduce environmental impact. The company is dedicated to fostering sustainable aviation technologies that contribute to a green future. For more information, visit: For media inquiries, please contact: info@
