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Chinese Fashion Giant Shein Opts for Confidential Hong Kong IPO Filing to Safeguard Competitive Edge

Coinbase’s S&P 500 Triumph Signals New Era for Crypto Adoption

Reader's Pick

Kraft Heinz Embraces Natural Color Palette to Align with Health, Consumer and Regulatory Trends 17/06/2025

China Accelerates Global Push for Digital Yuan to Secure Financial Sovereignty 18/06/2025

Hilton and Marriott Accelerate African Expansion to Capitalize on Tourism Boom 18/06/2025

Apple Embarks on AI‑Driven Chip Design, Paving the Way for Faster Innovation 19/06/2025

Europe Accelerates Drive for Digital Sovereignty Amid U.S. Tech Dominance 22/06/2025

Latest Business News
Chinese Fashion Giant Shein Opts for Confidential Hong Kong IPO Filing to Safeguard Competitive Edge

Chinese Fashion Giant Shein Opts for Confidential Hong Kong IPO Filing to Safeguard Competitive Edge

Companies

Fast‑fashion powerhouse Shein has chosen to submit its draft prospectus for a Hong Kong initial public offering (IPO) on a confidential basis, departing from the customary public disclosure process in the city’s capital markets. The decision comes as the China‑founded retailer, known for its data‑driven supply chain and low‑priced apparel, pursues its third attempt to go public after earlier...
Coinbase’s S&P 500 Triumph Signals New Era for Crypto Adoption

Coinbase’s S&P 500 Triumph Signals New Era for Crypto Adoption

Companies

Coinbase’s stunning 43 percent surge in June, which crowned it the best‑performing stock in the S&P 500, marks a watershed moment for the emerging cryptocurrency industry. After making its debut in the benchmark index at the end of May, the leading U.S. crypto exchange has harnessed a perfect storm of passive fund inflows, regulatory tailwinds, and product innovation to propel its shares to...
China’s Tight Grip on Rare Earth Exports Exposes Global Supply Vulnerabilities

China’s Tight Grip on Rare Earth Exports Exposes Global Supply Vulnerabilities

Markets

China’s recent resumption of rare earth magnet shipments has done little to reassure global manufacturers and governments that supply shocks are a thing of the past. After imposing export restrictions in April in retaliation for heightened U.S. tariffs on Chinese goods, Beijing has begun issuing new licences—but at a deliberate, uneven pace. Automakers from Detroit to Munich scrambled to keep...
Global High-End Brands Embrace Conceptual Stores to Revive Sales in China

Global High-End Brands Embrace Conceptual Stores to Revive Sales in China

Markets

As luxury spending cools under wider economic pressures, leading fashion houses and jewelers are turning to elaborate, experience-driven environments to reignite consumer interest and bolster flagging revenues. From Tokyo to Paris and Shanghai, conceptual stores—spaces that blend retail with dining, art and entertainment—are reshaping the way affluent customers engage with heritage brands. Rather...
Xiaomi’s YU7 Electric SUV Ups the Ante in the Race with Tesla

Xiaomi’s YU7 Electric SUV Ups the Ante in the Race with Tesla

Companies

The Chinese tech giant Xiaomi has struck a decisive blow in the electric-vehicle arena with its newly launched YU7 sport utility vehicle, igniting fierce competition with Tesla’s flagship Model Y. In the first three minutes after orders opened on June 26, Xiaomi reported securing over 200,000 firm reservations, with that tally climbing to nearly 290,000 within an hour. The blistering demand sent...
Tesla’s Robotaxi Rollout Stumbles Amid Safety and Technical Hurdles

Tesla’s Robotaxi Rollout Stumbles Amid Safety and Technical Hurdles

Companies

Tesla has kicked off limited public trials of its long-promised robotaxi service in Austin, Texas, but early footage from invited riders reveals a series of operational missteps and safety gaps. Videos circulating online show the fully driverless Model Y fleet—each equipped with Tesla’s advanced self-driving software and overseen by a human “safety monitor” in the front passenger seat—engaging in...
Chinese Carmakers Drive into Africa to Capture Next Growth Frontier

Chinese Carmakers Drive into Africa to Capture Next Growth Frontier

Markets

In a bold pivot away from saturated Western markets, leading Chinese automobile manufacturers are intensifying their push into Africa, enticed by the continent’s rapid urbanisation, burgeoning middle class and untapped automotive demand. With trade tensions and hefty import tariffs dampening prospects in the United States and Europe, China’s auto giants see Africa’s underdeveloped but promising...
Tesla’s European Struggles Deepen as Rivals Gain Ground

Tesla’s European Struggles Deepen as Rivals Gain Ground

Companies

Tesla’s dominance in Europe is slipping, with the U.S. electric-vehicle maker seeing its market share halve in just twelve months amid a surge of competition from both established European brands and rapidly expanding Chinese automakers. May registrations of Tesla vehicles across the European Union, the U.K. and EFTA countries plunged by nearly 30 percent compared with a year earlier, even as...
Oil Markets on Edge as Iran-Israel Truce Reshapes Price Dynamics

Oil Markets on Edge as Iran-Israel Truce Reshapes Price Dynamics

Markets

A ceasefire between Israel and Iran, brokered late last week, has sent ripples through global oil markets, driving prices higher amid cautious optimism that supply disruptions may be avoided. While Brent crude briefly dipped near multi-week lows ahead of the truce, buyers have re-emerged, pushing benchmarks up by more than 1 percent as traders weigh the longer-term implications of a halt to...
Tesla’s Robotaxi Rollout Confronts Steep Operational and Regulatory Hurdles

Tesla’s Robotaxi Rollout Confronts Steep Operational and Regulatory Hurdles

Companies

Tesla this week unveiled its first fleet of fully autonomous robotaxis, marking a milestone in the company’s ambition to revolutionize on-demand mobility. Yet behind the fanfare lie a host of complex challenges that threaten to stall Tesla’s rapid expansion plans. From technical limitations to regulatory roadblocks and liability questions, the path from a handful of test vehicles to a mass-market...
Tapering Tensions in Middle East Weighs on Gold as Ceasefire Hope Ripples Through Markets

Tapering Tensions in Middle East Weighs on Gold as Ceasefire Hope Ripples Through Markets

Markets

Spot gold erased early gains on Tuesday, plunging over 1% to a two-week low as hopes for a lasting ceasefire between Israel and Iran undercut bullion’s appeal as a safe-haven asset. In Asian trade, spot prices sank to $3,318.60 per ounce before rebounding modestly to hover near $3,326.33 by mid-morning GMT, while U.S. gold futures slid to $3,340.20. Investors rushed back into riskier equity and...
Amazon Leverages Premium Beauty to Cushion Prime Day from Tariff Shock

Amazon Leverages Premium Beauty to Cushion Prime Day from Tariff Shock

Companies

As Prime Day approaches, Amazon is doubling down on its fast-growing premium beauty segment to insulate its marquee shopping event from the fallout of elevated U.S. import duties. By deepening partnerships with high-end cosmetics brands, localizing supply chains and banking on the resilience of health and beauty spending, the e-commerce giant aims to offset margin pressures and maintain consumer...

World

WHO Faces Major Budget Cuts: The Impact on Global Health

WHO Faces Major Budget Cuts: The Impact on Global Health
The World Health Organization (WHO) is bracing for significant financial cuts, signaling a major shift in global health governance. A proposed 21% reduction in its budget is expected to reshape its...

UK Detects First Case of Bird Flu in a Sheep, Stoking Fears of Spread

UK Detects First Case of Bird Flu in a Sheep, Stoking Fears of Spread
In an unprecedented development, UK authorities have confirmed the first-ever case of bird flu (H5N1) in a sheep. The case was detected in northern England, where routine monitoring of farmed...

2024: A Year Marked By Escalating Climate Extremes

2024: A Year Marked By Escalating Climate Extremes
In 2024, the global community faced unprecedented climate challenges, with human-induced climate change significantly intensifying extreme weather events. A comprehensive analysis by World Weather...

First Severe Human Bird Flu Case In U.S. Highlights Growing Health Concerns; Emergency Declared

First Severe Human Bird Flu Case In U.S. Highlights Growing Health Concerns; Emergency Declared
The United States has reported its first severe human case of bird flu in 2024, involving a Louisiana resident who is hospitalized in critical condition. This marks a significant shift in the ongoing...

Methane Emissions From Tropical Wetlands: A Growing Threat To Global Climate Goals

Methane Emissions From Tropical Wetlands: A Growing Threat To Global Climate Goals
Tropical wetlands, long known for their ability to absorb vast amounts of carbon, are now emerging as a major contributor to methane emissions, significantly complicating global efforts to tackle...

People

When Allies Turned Adversaries: The Dramatic Implosion of the Trump–Musk Alliance

When Allies Turned Adversaries: The Dramatic Implosion of the Trump–Musk Alliance
The alliance between former President Donald Trump and tech magnate Elon Musk—once hailed as an unlikely marriage of populist politics and Silicon Valley ambition—crumbled in a matter of days this...

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls
Republican nominee and former U.S. President Donald Trump announced on Thursday that he would not participate in a third presidential debate against his Democratic rival, Vice President Kamala...

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals
Vice President Kamala Harris on Friday presented a comprehensive economic policy agenda aimed at countering criticisms from Republicans and addressing key middle-class concerns. Speaking in Raleigh,...

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg
According to a Bloomberg story quoting sources, billionaire Elon Musk, who has been criticising US President Joe Biden more and more, has contributed to a political organisation that aims to elect...

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age
A recent study challenges the widely held belief that school bullies would eventually get their comeuppance by indicating that they are likely to end up with greater earnings. The Institute for...