Renminbi Stable in Global Payments Amid Irelands Digital Shift

Renminbi Stable in Global Payments Amid Irelands Digital Shift

This article analyzes the position of RMB in the global payment system and the digital transformation strategy behind Bank of Ireland's closure of mobile top-up services. The RMB ranks fifth among global payment currencies, with its share steadily increasing. Traditional banks are actively embracing digitalization to cope with market competition. The digital finance sector presents both opportunities and challenges, worthy of attention from investors and consumers. The analysis highlights the growing importance of RMB and the ongoing shift towards digital banking solutions.

02/11/2026 International Settlement
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WCO Enhances Ukrainian Customs Training Via RTC Reform

WCO Enhances Ukrainian Customs Training Via RTC Reform

The World Customs Organization (WCO) provides technical assistance to the Regional Training Center (RTC) in Ukraine to clarify its role and strategy in capacity building. By assessing the current situation, optimizing the governance structure, and developing strategic plans, the WCO helps the Ukrainian RTC enhance its training capabilities. This aims to better serve customs capacity building in Ukraine and throughout Europe. The WCO also recommends establishing a data monitoring system and strengthening data analysis capabilities to further improve the RTC's effectiveness.

02/02/2026 Customs Knowledge
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Amazon Sellers Face Inventory Crisis Amid Warehouse Disruptions

Amazon Sellers Face Inventory Crisis Amid Warehouse Disruptions

Amazon warehouses are facing increasing pressure, with operational disruptions and closures in multiple locations, leading to listing sales issues. This article analyzes the reasons behind the warehouse 'paralysis', explores the impact of Amazon's 'slimming' strategy on sellers, and proposes strategies to cope with the warehouse crisis. It aims to help sellers find opportunities amidst the challenges by understanding the underlying issues and implementing adaptive measures to maintain business continuity and optimize inventory management in the face of these logistical hurdles.

01/04/2026 Logistics
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Asiapacific Nations Boost Customs Cooperation at WCO Meeting

Asiapacific Nations Boost Customs Cooperation at WCO Meeting

The 32nd WCO Asia-Pacific Regional Contact Points Meeting was held in Australia, focusing on regional cooperation, strategic planning, and WCO policy updates. The meeting highlighted the importance of data strategy, green customs, and technology application. The aim is to strengthen customs cooperation in the Asia-Pacific region, address global challenges, and promote trade security and facilitation. Discussions centered around enhancing information sharing, capacity building, and the implementation of international standards to improve efficiency and effectiveness in customs operations across the region.

01/05/2026 Customs Knowledge
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Bytedance Struggles to Rival Shein with Fastfashion Venture Ifyooou

Bytedance Struggles to Rival Shein with Fastfashion Venture Ifyooou

ByteDance is re-entering the fast fashion arena with IfYooou, a new independent website targeting the European market and challenging SHEIN with a low-price strategy. After the brief existence of DMONSTUDIO, can IfYooou learn from past mistakes and establish a foothold in the highly competitive fast fashion landscape? ByteDance's renewed involvement raises questions about the potential transformations it may bring to the industry. Will IfYooou succeed where DMONSTUDIO failed, and how will its presence impact the dominance of existing players?

12/30/2025 Logistics Industry Insights
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WCO Aids Liberia in Boosting Customs Revenue

WCO Aids Liberia in Boosting Customs Revenue

At the request of the Liberia Revenue Authority, the World Customs Organization sent an expert mission to Liberia to strengthen its customs valuation and classification infrastructure. Through assessments, workshops, and recommendations, the mission assisted Liberia in implementing relevant World Trade Organization agreements and developing a strategy to terminate private sector inspection contracts. The goal was to enhance revenue collection, promote trade facilitation, and foster economic development within the country. The mission's work focused on building sustainable capacity and ensuring compliance with international standards.

01/07/2026 Customs Knowledge
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UK Shipping Guide Optimizing Costs and Delivery Times

UK Shipping Guide Optimizing Costs and Delivery Times

This article provides a comprehensive analysis of the factors influencing the transit time and costs of sea freight to the UK. It offers estimated ranges and practical advice to help you plan your logistics needs and choose the right shipping method. The goal is to enable a cost-effective and hassle-free sea freight experience. Learn about optimizing your shipping strategy for the UK market and navigating the complexities of international transport to ensure smooth and efficient delivery of your goods.

01/26/2026 Logistics
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OZON Product Selection Guide Boosts Russian Ecommerce Success

OZON Product Selection Guide Boosts Russian Ecommerce Success

This article provides an in-depth analysis of product browsing data on the Russian e-commerce platform OZON, revealing popular categories and market demands. Combining this data with the specific characteristics of the Russian market, it offers Chinese sellers professional product selection strategy recommendations to help them succeed on the OZON platform. The analysis aims to empower sellers to identify profitable niches and optimize their product offerings for the Russian consumer base, ultimately driving sales and achieving sustainable growth within the OZON marketplace.

01/26/2026 Logistics Industry Insights
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WCO Unveils Plan to Modernize Global Trade Systems

WCO Unveils Plan to Modernize Global Trade Systems

The World Customs Organization (WCO) Permanent Technical Committee (PTC) meeting approved several instruments for submission to the Policy Commission (PC) and Council. The meeting focused on topics such as data strategy, trade facilitation, and e-commerce, aiming to improve customs efficiency and promote international trade development. Representatives from the United Kingdom and Indonesia were elected as the new chair and vice-chair, respectively. The approved instruments are expected to further streamline customs procedures and enhance global trade cooperation within the WCO framework.

02/05/2026 Customs Knowledge
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WCO Aids Asiapacific in Plastic Waste Management Reform

WCO Aids Asiapacific in Plastic Waste Management Reform

The World Customs Organization (WCO) completed virtual diagnostic missions to Indonesian and Philippine Customs to assist in implementing the Basel Convention's plastic waste amendments. The project covers strategy, legal frameworks, procedures, enforcement, policy, and capacity building. It will provide detailed implementation plans and regional workshops to strengthen customs controls on plastic waste trade in the Asia-Pacific region. This initiative aims to enhance the collective response to the challenges posed by plastic waste and improve customs' ability to effectively manage its transboundary movement.

01/05/2026 Customs Knowledge
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