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US authorities are reviewing Shein Global Holdings' acquisition of Everlane, a deal completed in May for $80 million, focusing on potential risks to Americans' personal data. The review was voluntarily initiated by Shein after the transaction closed, a rare move. This adds to regulatory challenges for Shein, including a Texas lawsuit and an FTC investigation.
Chicago corn futures surged to a three-year high after the Pro Farmer Crop Tour projected a U.S. corn crop well below USDA forecasts, citing adverse summer weather. Wheat rose on Black Sea disruptions, while soybeans slipped despite strong export demand.
Regional governments across southern Taiwan ordered office and school closures on Monday as torrential rain continued, with forecasts of more downpours. The Central Weather Administration warned of severe rainfall in multiple counties, while Typhoon Saudel is expected to pass near the north later this week.
Fast-fashion retailer Shein is set to debut on the Hong Kong Stock Exchange on September 1, aiming to raise up to HK$13.86 billion in a listing that values the company at close to $27 billion—a significant drop from its private market peak. The IPO follows Beijing's approval and comes amid regulatory scrutiny, tariff pressures, and competition, with proceeds earmarked for technology and international expansion.
Fast-fashion retailer Shein launches its Hong Kong IPO, aiming to raise up to HK$13.86 billion and achieve a valuation of up to $US27 billion, a sharp decline from earlier private rounds. The company faces slowing growth and a recent quarterly loss amid rising trade costs and regulatory scrutiny.
Ampol has reported a sharp rise in first-half 2026 profit, with statutory net profit reaching A$1.36 billion against a year-earlier loss, as Middle East disruption boosted refining margins. The company more than quadrupled its interim dividend to A$1.85 per share and completed the EG Australia acquisition.
India’s first commercially produced matcha was sold at the Guwahati Tea Auction Centre on July 3, coinciding with Japanese PM Sanae Takaichi’s visit to India. The tea, made from a locally grown Assam cultivar and processed with Japanese machinery, marks a milestone for the country’s tea industry and opens new export possibilities.
OpenAI CEO Sam Altman expressed concerns that artificial intelligence could be controlled by a handful of companies or individuals, leaving society without a voice. He also discussed the paradox of safety fears enabling concentration and his views on open-weight models and AI's adoption pace.
Bitcoin and Ethereum exchange-traded funds saw their strongest week of inflows in 2026, drawing $2.6 billion as crypto prices rallied on a wave of macro and regulatory catalysts. Bitcoin climbed above its 200-day moving average for the first time since November 2025, while policymakers advanced several pro-crypto measures.
A Lowy Institute report warns commercial deep-sea mining in the Pacific could start as early as 2027, driven by US-China competition for critical minerals and lacking international guardrails. Pacific nations face a dilemma between economic benefits and potential ecological damage, with Australia urged to play a more active role.
Gov. Greg Abbott and Sen. Tim Scott pushed back on doubts about Republican strength in Texas during Sunday show appearances, defending data center policies and predicting victory. Meanwhile, Democrat James Talarico escalated attacks on GOP Senate nominee Ken Paxton over a new data center plan.
Thom Gicquel and Delphine Delrue defeated the world No. 1 pair to win France's first badminton world title, capping a dramatic final with a tactical masterclass and emotional celebration.
In 2026, two micro-budget films—Hollywood horror Obsession and China's animated Niu Lai—have become major theatrical sensations, with Obsession crossing $500 million worldwide and Niu Lai turning online mockery into box office success. Their rise highlights the enduring power of word-of-mouth and originality in an era of blockbuster franchises.
US President Donald Trump has lashed out at Canadian Prime Minister Mark Carney after trade negotiations collapsed, imposing 50% tariffs on Canadian goods and prompting a 'dollar-for-dollar' retaliation threat. The dispute has sparked domestic backlash, with officials warning of economic pain and political consequences ahead of the midterms.
According to Bloomberg's Mark Gurman, early testers of Apple's first foldable iPhone, expected to be called the iPhone Ultra, are impressed by its pocket-friendly design, hinge durability, and iPad-like app layouts. However, the device reportedly lacks a telephoto camera and replaces Face ID with Touch ID, features that could be sticking points given its expected price above $2,000 and launch around September 9.
The Badminton Association of India has confirmed that the 2028 India Open will be held in Guwahati, moving out of New Delhi for one year due to a clash with Republic Day security arrangements. The tournament will return to the capital in 2029, while the 2027 edition shifts to February to address player concerns about pollution and cold. The announcement came amid the BWF World Championships 2026 finals in Delhi, which saw France and Korea win multiple titles.
Uzbekistan and Azerbaijan signed a Treaty on Eternal Friendship in Tashkent, aiming to boost bilateral trade to $1bn by 2030. The leaders also advanced cooperation in energy, transport, education, and sports, including joint hosting of the 2027 FIFA U-20 World Cup.
Astronomers using the James Webb Space Telescope have identified three actively feeding supermassive black holes in a galaxy seen as it was just 1.2 billion years after the Big Bang, offering new insights into early black hole growth and mergers. The discovery, published in Astronomy & Astrophysics, marks the first time three active black holes have been found in a single distant galaxy.
A firsthand road test of the BMW iX3 50 xDrive and Volvo EX60 across 400 miles concludes that range anxiety is a thing of the past, thanks to dedicated EV platforms and large battery packs. The Canberra Times and TechRadar provide detailed specs and pricing for both vehicles.
Chinese twins Jin Yanshu and Jin Yanai performed their Bharatanatyam Arangetram in Beijing, presided over by Indian Ambassador Vikram Doraiswami. The 16-year-olds, trained since age three under teacher Jin Shan Shan, captivated the audience with their classical dance debut.