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Fast-fashion retailer Shein plans to list on the Hong Kong stock exchange on September 1, offering 280 million shares to raise as much as $1.77 billion and valuing the company near $27 billion. The figure marks a sharp drop from its 2022 private peak near $100 billion amid slower growth, tariffs and regulatory scrutiny. Cornerstone investors have committed hundreds of millions as the company seeks funds for technology and expansion.
New EU-wide rules took effect, aiming to encourage repair over replacement of household goods. The regulations introduce a repair obligation for manufacturers of certain products and establish national repair platforms. Both Irish ministers and consumer-focused outlets have welcomed the changes as a step toward a circular economy.
Reform UK has proposed prioritising British-born workers under 35, veterans, and married couples with children for social housing, alongside building 50,000 affordable homes a year. The plans also include stricter upkeep rules, with potential eviction for poorly maintained gardens. Critics, including Shelter, Labour, and the Liberal Democrats, have condemned the proposals as divisive, unworkable, and a distraction.
Ukrainian President Volodymyr Zelenskyy has publicly rejected calls for a wartime presidential election, warning it could 'split' the country. The call came from former defence minister Mykhailo Fedorov, whom Zelenskyy dismissed last month. Polls show most Ukrainians prefer to wait until the fighting ends.
Israel has barred two Swedish members of the European Parliament, Jonas Sjöstedt and Hanna Gedin, from entering the country at the request of Foreign Minister Gideon Sa’ar. The decision, made under Israel’s Entry Law, came as the MEPs were preparing to travel to the West Bank and East Jerusalem to meet with humanitarian organizations.
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.
Prime Minister Andy Burnham is reportedly open to reducing tuition fees for EU students in exchange for improved trade terms with the bloc, according to The i Paper. The move, which could see EU students pay domestic-level fees, has drawn criticism from the Conservatives. A UK-EU summit is expected later this year.
NFCSF President Prakash Naiknavare said some sugar shipments could reach India before October 15, though quantities remain uncertain. The government has extended the processing deadline for imported raw sugar to two months, and ex-mill prices have reportedly declined following stock-tightening measures.
President Donald Trump is considering a new 7.5 percent tariff on Chinese goods over excess manufacturing capacity, according to multiple reports citing people familiar with the deliberations. Officials view the rate as calibrated to preserve a trade truce and a planned late-September meeting with Xi Jinping. The step follows a Supreme Court ruling against earlier reciprocal tariffs and comes amid wider U.S. duties that Asian economies have largely accepted without retaliation.
Migrants at a temporary accommodation center in northern Greece clashed with police, cut through a fence, and 35 escaped before authorities recaptured about half. Police reinforcements were called, flash grenades were used, and at least five migrants were injured. The incident occurred amid ongoing debates over Greece's migration policies.
Norway announced a record $9.2 billion aid package for Ukraine in 2027, matching its 2026 contribution, as Prime Minister Jonas Gahr Stoere joined Nordic and Baltic leaders in Kyiv. The visit highlighted defense and drone cooperation, while Ukrainian President Volodymyr Zelensky warned of a $27 billion military funding gap.
Estonian Prime Minister Kristen Michal arrived in Kyiv for a Nordic-Baltic summit with President Volodymyr Zelenskyy, vowing continued support for Ukraine and increased pressure on Russia. The visit, coinciding with Ukraine's Flag Day, included a tour of a Kyiv district damaged by Russian strikes and remarks on NATO's strength and Russia's hybrid threats.
Tata Steel's Llanwern plant in South Wales is operating at about half capacity as a surge of cheap galvanised steel imports from Asia, aided by increased tariff-free quotas, undercuts UK production. Workers face downtime, and union leaders warn of job losses and risks to the company's planned electric arc furnace transition at Port Talbot.
Lithuanian President Gitanas Nausėda and five other European leaders arrive in Kyiv to mark Flag Day and Independence Day, participating in Nordic-Baltic and Coalition of the Willing summits where new defense agreements and support commitments were announced.
A year-long U.S.-supported training programme in Somalia graduated nearly 80 police and NISA officers on 23 August 2026. The training aimed to improve investigative techniques and evidence handling for court, with officials from both countries praising the collaboration.
A drone packed with Semtex was found at Leipzig/Halle Airport on August 4, narrowly missing a Ukrainian cargo plane. DNA evidence links it to earlier parcel bomb plots, but responsibility remains unclear, with suspicions of Russian or Ukrainian involvement. A poll shows 63% of Germans are concerned, and 80% believe Germany is ill-prepared for drone attacks.
Finance ministers from six EU countries have written to Ireland, which holds the rotating EU presidency, urging that a windfall tax on oil companies be added to the agenda for next month's meeting of EU finance chiefs in Dublin. The letter, dated August 21, cites surging oil company profits and calls for an EU-wide framework to tax windfall profits, drawing on lessons from a similar 2022 levy.
Kazakhstan's pro-presidential Adilet party has won a landslide in parliamentary elections, according to exit polls, in a vote expected to strengthen President Kassym-Jomart Tokayev's grip on power. The election followed a constitutional overhaul that has drawn both support and criticism.
As the EU's new Entry/Exit System (EES) rolls out across the Schengen Area, a traveller shares their experience at Amsterdam Schiphol Airport, while the Foreign Office updates advice for Brits facing potential fines or travel bans.
One Nation MP David Farley said the party's migration target would not be 'too different' from Labor's, adding 100,000 workers to the party's 130,000 net overseas migration figure. Leader Pauline Hanson quickly corrected him, but the confusion drew criticism from Labor and the Coalition.