Iran warned that vessels breaching its arrangements for transiting the Strait of Hormuz could face restrictions such as fines, detention or confiscation, according to a post on X by the Persian Gulf Strait Authority.
Russia’s 3rd Combined Arms Army posted footage showing an FPV drone striking an unarmed man riding a bicycle near Vasylivska Pustosh in Donetsk region’s Kramatorsk district. The video was later removed, while its caption remained. Independent Telegram channel Astra said it was taken down on August 23 after the channel highlighted the footage.
Prime Minister Andy Burnham told European Council President Antonio Costa that the UK should be more ambitious in pursuing closer relations with the European Union, his office said. Burnham pointed to a UK-EU summit planned for this year as an opportunity to advance that effort.
Victorian police arrested five men and searched six properties, including the CFMEU’s state headquarters, while investigating alleged secret commissions, fraud and drug trafficking in the construction industry. Two men were charged, and officers seized union-linked vehicles, drugs, a rifle, ammunition and electronic devices. The secret-commissions inquiry remains ongoing.
Trabzonspor’s president expressed disbelief after Mohamed Salah had a goal ruled out, denying him a hat-trick in his first Turkish Super Lig start for the club. The Egyptian newcomer scored twice and had two other efforts disallowed in a 2-1 win over Istanbul Basaksehir.
Mohamed Salah scored twice on his first league start for Trabzonspor as the Turkish side beat Istanbul Basaksehir 2-1 for their first win of the season. Two further Salah goals were ruled out, one for a foul in the build-up and another for offside. He joined the club on a free transfer earlier this month.
Contestants take part in the 2026 French Open Hobby Horse Championship in Saint-Chef.
The highlight of the championship is the dressage and show jumping competition, which tests participants’ agility, speed, balance and endurance while navigating a course of obstacles
📷 Alex Martin
Contestants take part in the 2026 French Open Hobby Horse Championship in Saint-Chef.
The highlight of the championship is the dressage and show jumping competition, which tests participants’ agility, speed, balance and endurance while navigating a course of obstacles
The European Commission approved 6.1 billion euros ($7.1 billion) in defense loans for Ukraine to purchase air defenses, missiles, ammunition and radars. Commission President Ursula von der Leyen said the package demonstrated Europe’s unfaltering, concrete support on Ukraine’s Independence Day.
Russian authorities said a Ukrainian drone attack on August 24 killed three children in Krasnodar. Officials said debris struck a private children’s center, injuring seven children and two adults and setting warehouses ablaze. Ozon facilities in Adygeysk, Makhachkala, and Nevinnomyssk were also hit; injuries were reported in Makhachkala.
A massive Ukrainian drone attack is being repelled in the Krasnodar Region, Governor Veniamin Kondratyev said. Debris fell on a private children’s center in Krasnodar, killing two children and injuring seven others; two adults were hospitalized.
Monitoring channels reported that Ukrainian forces struck a retail warehouse in Krasnodar and a nearby Ozon logistics center. Russian officials said falling drone debris killed two children and injured seven at a childcare center, while warehouse facilities caught fire. The details could not immediately be verified.
Canada has suspended trade talks with the United States after negotiations broke down. Donald Trump imposed 50 percent tariffs on about $20bn of Canadian goods, while Ottawa vowed dollar-for-dollar retaliation. The trade war could raise prices and put jobs at risk.
China’s nationalist tabloid Global Times welcomed Ottawa’s response to US tariffs, arguing that Canada’s move supports Beijing’s opposition to Washington’s protectionist trade policies.
Bloomberg News Now presents a comprehensive audio roundup of the day’s leading stories, including Canada’s expectation of a prolonged trade war with the United States and economic pressure on Iran, alongside other global business news.
Bloomberg News Now presents a brief, continuously updated audio roundup of the day’s leading stories, including the US-Canada tariff dispute, tougher US sanctions expected for Iran and other global business news.
Former NBA center Enes Kanter Freedom was ejected from the Fever-Sky WNBA game after Sky guard Natasha Cloud yelled and pointed toward him late in the third quarter.
As the third quarter was winding down, Sky guard Natasha Cloud shouted toward and pointed in the direction of former NBA center Enes Kanter Freedom during the Indiana-Chicago WNBA game. Freedom was then ejected.
Lower Saxony Premier Olaf Lies is due to visit Volkswagen’s Hanover plant for talks with employee representatives, unions and management about the struggling carmaker’s restructuring plans and German production sites. Volkswagen is cutting costs to improve competitiveness, while workers, unions and politicians seek assurances for tens of thousands of jobs.
Yin Yuzhen, who has spent four decades fighting desertification in China’s Mu Us Desert, reunited in Ordos with American teacher Robert Sakolsky after searching for him for 26 years. Sakolsky had raised $5,000 to help her buy stronger saplings and tree-planting equipment.
Yin YuzhenRobert Sakolskydesertification controlMu Us Desert
At least 145 countries have reported higher petrol prices since the United States and Israel began their war on Iran on February 28. GlobalPetrolPrices data show Myanmar had the largest increase, at 56%, while the US average for regular petrol rose 39%, from $2.94 to $4.09 per gallon. Higher oil costs are also feeding into food, transport and everyday products.
A New South Wales corruption inquiry heard that Charles Perrottet shared “dirt”, including a secret recording of a minister, allegedly to help fugitive developer Jean Nassif pursue political outcomes. Former MP Chris Spence said the conduct appeared, in hindsight, to advance Nassif’s interests, while denying he knew of any plan at the time.
New South Walescorruption inquiryproperty developerpolitics
SCO leaders will meet in Bishkek, Kyrgyzstan, in August 2026 to mark the organization’s 25th anniversary. Kyrgyzstan’s priorities include regional stability, economic cooperation, transport links, digital transformation and cultural exchanges, with proposals for an SCO development bank, new corridors and a Youth Digital Forum.
Extreme heat and drought are driving wildfires across the Balkans. EU firefighters and helicopters are helping Serbian teams contain a blaze burning for weeks in Deliblatska Pescara near Belgrade, while a Russian Il-76 water bomber assisted with a separate fire in the Stolovi mountains.
Oleh Kiper, head of Odesa’s regional military administration, said Russia attacked the city with missiles and drones, hitting mainly food storage and energy facilities. Private homes were damaged and fires broke out, while Ukrainian Telegram channels reported that the Epicentr hypermarket was ablaze. Russia’s Defense Ministry said it struck the Yuzhne port, including a fuel tanker, storage tanks, military-equipment warehouses and port infrastructure.
Five years after returning to power, the Taliban are portrayed through BBC access to senior figures and their daily rule. The report highlights restrictions on women seeking divorce or education, a smartphone ban for officials, media controls and former commanders now serving as officials, while poverty and economic instability persist and critics say the group itself is Afghanistan’s biggest problem.
Five years after the Taliban returned to power, the BBC follows senior figures as they reshape Afghanistan. In Jawzjan, 18-year-old Tuba seeks a divorce after months of alleged abuse, but Governor Abdullah Sarhadi urges her to remain married and calls women “mindless” and “deficient in intellect”. The report also shows how women have been shut out of most workplaces, universities and many public spaces.
Chinese battery giant Contemporary Amperex Technology Limited has launched its own e-commerce platform to sell directly to smaller energy storage system makers. Officially launched on Friday, the platform allows orders as small as three boxes of energy storage products as competition with domestic rivals intensifies.
CATLe-commerceenergy storage
SSouth China Morning PostOriginal★★☆☆☆2026-08-24 07:11
CATL launches e-commerce platform for direct sales to small buyers
UK prime minister Andy Burnham arrived in Kyiv with several European leaders for Ukraine’s Independence Day. During the visit, the UK plans to let defence company MBDA declassify information on British-made components in Storm Shadow/Scalp missiles, helping Ukraine develop its own version.
UK Prime Minister Andy Burnham is due to announce that MBDA may release classified information on British components for the long-range SCALP missile, as Ukraine and France seek to establish assembly lines in Ukraine. Burnham is scheduled to visit Kyiv on August 24.
UK Prime Minister Andy Burnham will visit Kyiv on Ukraine’s 35th Independence Day, co-chair a meeting of Ukraine’s main backers and meet President Volodymyr Zelenskyy. It will be Burnham’s first trip abroad as prime minister, as Kyiv urges Western allies to provide more air defense amid intensifying Russian airstrikes.
Prime Minister Andy Burnham will visit Kyiv on Monday for his first foreign trip, reaffirming UK support for Ukraine and joining its independence day events. He will chair the first meeting of the “coalition of the willing” and announce plans to declassify information on British components for Scalp missiles. Moscow has warned of “consequences” over reported use of British drones by Ukraine.
Andy Burnham will announce during his first overseas visit as prime minister that Britain will help Ukraine develop its own long-range missiles. The UK will allow MBDA to declassify information on British-made Storm Shadow/Scalp components and help France establish missile assembly lines in Ukraine, a move likely to heighten tensions with Moscow despite taking years to affect the war.
Gaza’s collapsing healthcare system is failing to reach the poorest and most vulnerable people living in displacement camps. Poor sanitation, unsafe water, missing medicines, transport costs and extreme conditions leave many delaying care, while a clinic’s free check-ups found hypertension, chronic illnesses and numerous infections among at least 150 patients.
Gazahealthcare crisisdisplacement campspublic health
Indonesian President Prabowo Subianto said authorities will revoke permits held by companies found responsible for forest fires that have caused a Malaysian city to suffer the world’s worst air pollution.
Leaders of the “Coalition of the Willing” are meeting in Kyiv on Ukraine’s Independence Day to address depleted air defences and press for more pressure on Moscow. As Russia and Ukraine trade escalating drone and missile attacks, President Volodymyr Zelenskyy is seeking additional interceptor missiles from allies.
Ukraine is hosting a meeting of major European supporters on Monday to seek additional air-defence supplies and stronger pressure on Moscow. Russian attacks have killed more civilians than at any point since the invasion’s opening months. The Coalition of the Willing meeting will be co-chaired by the leaders of Britain, France and Germany.
The Adidas Azteca ball used when Diego Maradona scored his notorious ‘Hand of God’ goal against England in the 1986 World Cup has sold at auction for £2.5m. Match referee Ali Bin Nasser had kept the ball for more than three decades after collecting it at full-time.
The ball used during Diego Maradona’s 1986 World Cup match against England has sold for $3.35m. Maradona scored with his hand and later called it the ‘Hand of God’; four minutes afterward, he dribbled past five players for the ‘Goal of the Century’. Argentina won 2-1 and went on to claim the World Cup.
Western leaders and officials arrived in Kyiv on Aug. 24 for Ukraine’s Independence Day, Foreign Minister Andrii Sybiha said. Among them was British Prime Minister Andy Burnham, making his first visit since taking office and expected to chair a Coalition of the Willing meeting. European and Nordic-Baltic leaders also attended.
Ukraine’s General Staff reported that Russian forces have suffered about 1,478,070 troop losses since the full-scale invasion began on Feb. 24, 2022, including 1,490 over the past day. It also listed extensive Russian equipment losses, while Ukraine has not disclosed its own casualties for operational-security reasons.
Russia-Ukraine warRussian casualtiesUkraine General Staff
Participants in the fifth All-Russian Youth Environmental Forum-Festival “Arctic. The Ice Has Broken” cleaned the Pechora River coast in Naryan-Mar, mainly removing glass fragments from the sand. They later held a friendly volleyball match and flew kites at the site.
Chinese smartphone maker Xiaomi unveiled a new version of its in-house Xring smartphone processor on Monday and is partnering with TSMC to produce it. The company is betting that greater control over key components will strengthen its supply chain and reduce reliance on outside chip suppliers.
Pakistan’s army chief and defence forces commander, Field Marshal Asim Munir, is traveling to Tehran for talks with senior Iranian officials, his third visit this year. Islamabad says it can help mediate between Tehran and Washington, but analysts disagree over the reach of Pakistan’s influence as the diplomatic process stalls.
Pakistan’s army chief Munir returns to Iran: Can he break US war deadlock?
FlashTranslated by Minutes
Teenager in Superman costume joins Indonesia's wildfire fight.
Amid flames, thick haze, and teams of volunteers battling wildfires on Indonesia's island of Borneo, a teenager dressed as superman joins the fight with a fire hose in hand. Indonesia is currently facing a wildfire and haze crisis
Teenager in Superman costume joins Indonesia's wildfire fight.
Amid flames, thick haze, and teams of volunteers battling wildfires on Indonesia's island of Borneo, a teenager dressed as superman joins the fight with a fire hose in hand. Indonesia is currently facing a wildfire and haze crisis
More than 60 people in western England meet every two weeks in Bristol through Crafting Smiles, a group created to connect Hong Kong migrants. Since launching in October 2025, it has grown tenfold, while members have made charity items and raised funds for community causes.
A prominent economics professor’s description of gig work as a form of “welfare” has triggered widespread anger among Chinese internet users. The phrase “flexible employment” has gone viral, underscoring deep anxiety about job insecurity.
More than 1,000 little penguins on Phillip Island in Victoria have received a first bird-flu vaccine dose in what is believed to be the largest vaccination program involving wild birds. About 5,000 penguins will receive two doses, with their nightly return to the same burrows making the difficult operation possible. Officials say vaccination can help but is not a standalone solution.
Donald Trump’s olive branch to North Korean leader Kim Jong Un, offered at the expense of a long-standing ally, is deepening doubts about US reliability at a pivotal moment for security ties in Asia. Partners ranging from Japan to India are reassessing how much they can rely on Washington.
Donald TrumpNorth KoreaUS reliabilityAsian security
UEFA president Aleksander Ceferin says he is not interested in replacing FIFA president Gianni Infantino, arguing that remaining at UEFA protects his credibility. He warns Infantino must step down or face a challenger if he seeks re-election at the FIFA Congress in March, amid criticism of his abandoned private-investment plan for FIFA tournaments.
UEFA President Aleksander Ceferin says he will not run against FIFA President Gianni Infantino, but warns that the embattled head of world soccer must resign or face a leadership challenge.
UEFA president Aleksander Ceferin says he will not run against FIFA chief Gianni Infantino, but warns that Infantino must resign or face a leadership challenge in March. Infantino has been embroiled in crisis since his controversial, ultimately abandoned plan to open FIFA to private investors failed.
football governanceUEFAFIFAAleksander CeferinGianni Infantino
An exhibition hall showcasing the achievements of China’s language resources protection project, known as the Yubao Project, opened Monday in Changsha, Hunan. It presents linguistic data gathered from more than 1,800 survey sites, including Chinese dialects, ethnic minority languages and regional language cultures.
language resourcesChangshaChinese dialectsethnic minority languages
Coco Gauff defeated fellow American Jessica Pegula 6-2, 6-4 to win her second Cincinnati Open women’s title. France’s Arthur Fils beat Frances Tiafoe 6-3, 1-6, 6-0 for his first Masters 1000 crown, in the first ATP Masters 1000 final between two Black players.
Horgos Port in northwest China’s Xinjiang has handled more than 6,000 China-Europe and China-Central Asia freight trains in 2025, carrying over 10 million metric tons of cargo. A smart-port clearance system has cut total customs processing time by more than half, while routes now reach 18 countries and regions.
Horgos PortChina-Europe freight trainsChina-Central Asia freight trainssmart customs clearance
The United States has cancelled a joint amphibious landing exercise with South Korea that was scheduled for next month. Seoul’s Marine Corps said Washington attributed the decision to limits on available U.S. forces caused by the war in Iran.
During the Tibetan antelopes’ annual migration, Cairen Naobu of Wudaoliang Police Station and his colleagues continuously monitor the route, manage traffic and limit noise so the animals can safely cross their migration corridors. He says reverence for nature is permanently engraved in his heart and protecting the plateau will be his lifelong commitment.
Samsung Electronics shares dropped more than 8% in early Monday trading after its record $79 billion shareholder-return plan disappointed investors. They had expected a larger share of the cash generated by Samsung’s AI boom and clearer details on potential buybacks.
The Palace Museum’s The Night Revels of Han Xizai went on public display at an exhibition in Hangzhou on Saturday, its first such showing since 2011. Attributed to Five Dynasties artist Gu Hongzhong, the scroll portrays a banquet held by Southern Tang minister Han Xizai and is regarded as both a landmark of Chinese figure painting and a record of the era’s clothing, instruments and customs.
ancient Chinese paintingThe Night Revels of Han XizaiHangzhou exhibition
Unimot SA, one of Poland’s biggest fuel companies, is calling for Europe to accelerate its green-energy transition. It warns that renewed tensions in the Middle East have again highlighted the continent’s heavy dependence on imported fossil fuels.
Electric vehicle sales accelerated across much of Europe in July, according to data provided to Reuters. High oil prices, subsidies and the availability of more affordable models encouraged consumers to move away from combustion-engine cars.
High oil prices, subsidies and affordable models drive European EV sales
FlashTranslated by Minutes
The U.S. imposed 50% tariffs on some Canadian goods on August 22 after the two longstanding allies failed to reach a trade deal, with each side accusing the other of derailing days of talks. Reuters' Canada Economic Correspondent Promit Mukherjee has more.
The U.S. imposed 50% tariffs on some Canadian goods on August 22 after the two longstanding allies failed to reach a trade deal, with each side accusing the other of derailing days of talks. Reuters' Canada Economic Correspondent Promit Mukherjee has more.
China has begun independent mass production of high-end specialty steels for marine, aerospace and electronics applications, strengthening domestic supply chains. Researchers developed steel with greater resistance to brittleness and corrosion, including ultra-thin material for IC substrates and 5G receivers and low-expansion steel for aircraft molds. Seven new high-end steel types made major breakthroughs this year, with products also entering electric vehicles, humanoid robots and energy storage.
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New Zealand’s government plans to introduce an Online Safety Bill barring children under 16 from social media and requiring platforms including Instagram, TikTok, Snapchat and Facebook to verify users’ ages. Non-compliant platforms could face fines of up to 10% of global revenue. Prime Minister Christopher Luxon says the harm to children is too serious to ignore, but coalition partners NZ First and ACT oppose the proposal, leaving its future uncertain.
Prime minister Christopher Luxon says his party will introduce a bill seeking to bar children under 16 from social media, with platforms facing fines of up to 10% of global revenue for non-compliance. The proposal would require age checks using account data, facial technology or digital identity documents. Coalition partner New Zealand First says it will not support the bill.
New Zealandsocial media banchildren's safetydigital identity
New Zealand’s conservative coalition government plans to introduce a bill in Parliament on Monday that would bar children under 16 from using social media. Platforms that fail to comply could face fines of up to 10% of their global revenue.
Chinese authorities are investigating reports that cabbages in Hebei were dipped in formaldehyde to keep them fresh during transport. The practice is prohibited, police have taken legal action against those involved, and officials are conducting market checks to trace affected vegetables and reassure consumers.
Paris Saint-Germain drew 2-2 away to Rennes on Ligue 1’s opening day. New signing Ferran Torres entered after half-time and helped PSG salvage a point.
Radio host Jason Morrison told Alan Jones’s trial that guests at a Sydney luncheon about 20 years ago sarcastically joked that Jones and a young staffer sitting beside him “look like a great couple”. Jones has pleaded not guilty to 22 charges involving six complainants, including indecent assault and sexual touching.
Norway will keep developing oil and gas resources in the Barents Sea despite EU backing for a moratorium on Arctic hydrocarbon supplies, Energy Minister Terje Aasland told Reuters. He said Norway no longer considers itself Europe’s “green battery.”
Solar panels are spreading across Chinese farms as authorities and businesses seek to combine renewable energy with agricultural production. A large dairy farm in Anhui has installed rooftop panels without using extra land, while fishery-solar and tea plantation projects are also moving forward. The trend is driving the photovoltaic sector toward greater efficiency, innovation and integrated applications.
A fast-moving, wind-driven wildfire near Reno, Nevada, has forced about 42,000 people to evacuate and destroyed an unknown number of homes. Officials expanded the “GO NOW” zone to nearly 90,000 residents, while at least six people were injured. The human-caused fire has prompted a state of emergency and National Guard deployment.
Alibaba shares fell sharply in Hong Kong on Monday after the Chinese company launched a $10.2 billion share sale at a steep discount to fund its AI ambitions. Investors focused on dilution and execution risks.
AlibabaHong Kong stocksartificial intelligenceshare sale
Alibaba shares dropped 8% in early Hong Kong trading on Monday after the technology company completed an HK$80 billion ($10.21 billion) share placement at HK$112.70 per share. The deal is intended to finance artificial intelligence-related development.
AlibabaHong Kong stocksartificial intelligenceshare placement
Alibaba raised HK$80 billion ($10.2 billion) in Hong Kong’s largest secondary share sale, highlighting its readiness to accumulate and deploy huge sums in an effort to lead globally in artificial intelligence.
The dollar hovered near multi-month lows on Monday as markets remained unsettled by the U.S. Treasury’s pledge to buy back more long-dated bonds. Traders were also waiting for details of sanctions on Iran and policy speeches expected this week in the United States and Japan.
A survey found that in five major European countries, including the UK, more people favour encouraging air-conditioning use to reduce heatwave harms than prioritising cuts in carbon emissions. Most respondents supported standard installation in new homes and easier approvals, while cost was the main reason people lacked air conditioning. Experts also backed longer-term measures such as shade and insulation.
Sean Grayson, the former Illinois sheriff’s deputy convicted after the fatal shooting of Sonya Massey in her home, died Sunday while serving a 20-year prison sentence, his lawyer said. The case became a flashpoint in debates over police use of force.
Sean GraysonSonya Masseypolice use of forceIllinois
Donald Trump joined hundreds of spectators watching an IndyCar race on Washington DC’s streets on Sunday. Some attendees told the BBC they were disappointed because they could not actually see any cars pass by.
Gold futures for October 2026 delivery on Comex rose above $4,700 per troy ounce for the first time since May 14, 2026. At 2:30 a.m. GMT, the price was up 0.77% at $4,713.8 per ounce.
Oman’s Foreign Minister Sayyid Badr Albusaidi will travel to Tehran on Tuesday to continue discussions between Oman and Iran concerning the Strait of Hormuz, Iranian Foreign Ministry spokesperson Esmaeil Baghaei said Monday.
Oman foreign minister to visit Tehran on Tuesday, Iran says
FlashTranslated by Minutes
Slow boat to Amsterdam.
Gliding into the port under full sail with a booty of 40 tonnes of Caribbean rum, coffee and cocoa, the twin-masted Tres Hombres looks like something from the heyday of 17th-century piracy. But this brigantine has a much nobler mission: transport using wind power
Slow boat to Amsterdam.
Gliding into the port under full sail with a booty of 40 tonnes of Caribbean rum, coffee and cocoa, the twin-masted Tres Hombres looks like something from the heyday of 17th-century piracy. But this brigantine has a much nobler mission: transport using wind power
Japan is speeding up its drive toward militarization and laying the groundwork for expanding its military capabilities, North Korea’s KCNA reported. Pyongyang pointed to events at Tokyo’s Yasukuni Shrine on August 15 and linked them to Japan’s pursuit of preemptive strike capabilities, looser arms-export rules and a possible change in its nuclear policy.
China is preparing a potential record-setting semiconductor listing. CCSH Corporation, the parent of NAND flash maker Yangtze Memory Technologies Corporation, plans to sell 1.98 billion to 2.43 billion shares on Shanghai’s Star Market, representing 10 to 12 per cent of its enlarged share capital.
China semiconductorsYMTCStar Market IPO
SSouth China Morning PostOriginal★★★☆☆2026-08-24 04:34
Can China’s flash memory giant YMTC smash Shanghai Star Market IPO records?
Ozon said a drone attack struck its logistics center in Makhachkala, causing a warehouse fire and preliminarily leaving several people injured. Staff were evacuated and emergency services were responding. Operations were suspended indefinitely; affected orders will be canceled and refunded, while seller shipments are temporarily suspended.
A drone attack struck Ozon’s logistics center in Krasnodar, sparking a major warehouse fire. The company said its systems worked as intended and staff were evacuated promptly; preliminary information indicated no casualties, while emergency services responded at the scene.
A climber’s footage from Mont Blanc captures rocks cascading through the Goûter Couloir, nicknamed “Death Pass.” The climber and a partner paused to help others get clear while debris fell around them.
Shein says it will begin trading on the Hong Kong stock exchange on 1 September, with an offering that could value the fast-fashion retailer at nearly $27bn. It plans to sell 280m shares and raise up to HK$13.86bn for technology and international expansion. The valuation is about 70% below its private-market peak, amid scrutiny over environmental costs, supplier labour conditions and regulatory fines in France.
Fast-fashion giant Shein plans to list in Hong Kong on September 1, offering nearly 280 million shares and raising up to HK$13.86 billion. At the top of its price range, the company would be valued at almost $27 billion, far below its $100 billion private-funding valuation in 2022. Shein reported a $99 million loss in the first quarter.
Fast-fashion giant Shein plans to raise up to HK$13.86bn by offering nearly 280 million shares when trading begins in Hong Kong on 1 September. The implied valuation of almost $27bn is far below its $100bn private-market valuation in 2022. Previous US and London listing attempts failed amid regulatory scrutiny.
Fast-fashion retailer Shein Global Holdings plans to raise as much as HK$13.85 billion (US$1.76 billion) through a Hong Kong initial public offering. It will offer 279 million shares at HK$47.60 to HK$49.50 each, with investor orders opening Monday and trading expected to begin on September 1.
SheinHong Kong IPOshare offering
SSouth China Morning Post★★★☆☆2026-08-24 01:24Original
U.S. authorities are reviewing Shein Global Holdings Ltd.’s proposed purchase of American clothing retailer Everlane after the company sought approval, according to people familiar with the matter. The review adds to the growing regulatory hurdles facing the China-founded fast-fashion giant in one of its most important markets.
Iranian Foreign Minister Abbas Araghchi likened a new US sanctions package, expected to be unveiled Monday, to watching the same film repeatedly. He said what he called Trump’s “bullying” was no different from that of earlier US administrations.
Asian share markets were little changed on Monday and oil prices slipped as investors awaited details of threatened U.S. sanctions on Iran expected later in the day. The Canadian dollar also weakened as the prospect of a trade war with its southern neighbour loomed.
Asian stocksIran sanctionsoil pricesCanadian dollar
After nearly six months of war with Iran, the United States appears to be changing course. Donald Trump says Washington will launch a “crushing economic operation” and is urging other countries to join what it calls the greatest coordinated economic isolation in history. Iran says participants will be treated as enemies.
The Volksbühne theatre in Berlin cancelled an exclusive outdoor-pool afternoon for Black children and their families after rightwing and conservative figures stirred outrage over the plan. Organisers said they then faced racist emails and threats. The episode is presented as the latest in a decades-long pattern of swimming pools becoming flashpoints for racial exclusion and tension.
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