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The US State Department announced sweeping sanctions against nearly 60 entities, individuals, and vessels linked to Iran's military activities, cyber threats, and illicit oil trade, under 'Operation Economic Outcast'. The measures target Iranian military officials, cyber groups, and shadow fleet operators, with rewards of up to $10 million for information on key figures.
The US Treasury announced new sanctions against Iran, described as an 'economic D-Day', but stopped short of designating Chinese financial institutions. Analysts say the effectiveness of the campaign hinges on whether Washington is prepared to confront China, Iran's main economic lifeline, and risk damaging bilateral ties ahead of a Trump-Xi summit.
Y Combinator has sold a 1.05% stake in Meesho through a block deal on the National Stock Exchange, with shares acquired by 20 investors including Nippon India Mutual Fund, HDFC Life, and Morgan Stanley. The transaction, valued at around ₹970 crore, was confirmed by exchange data and follows a prior report by CNBC-TV18.
The Trump administration unveiled 'Operation Economic Outcast,' a sweeping expansion of secondary sanctions targeting Iran's financial lifelines, as Treasury Secretary Scott Bessent described an 'economic D-Day.' President Trump declared Iran 'completely collapsing,' while Tehran dismissed the measures as a sign of American desperation.
According to the Henley Passport Index, South African passport holders can travel to 101 destinations without a prior visa. The ranking places the country 50th or 96th globally, depending on the report, with regional highlights across Africa, Asia, the Americas, and the Caribbean.
Fast-fashion retailer Shein is set to debut on the Hong Kong stock exchange in September, aiming for a valuation of up to $27 billion. The IPO, which could raise around $1.8 billion, follows failed attempts to list in New York and London amid regulatory scrutiny.
The Securities Appellate Tribunal dismissed Ketan Parekh's appeal against Sebi's denial of his request to cross-examine two Capital Group traders in an alleged front-running case, ruling that after a matter is reserved, the only remedy is to challenge the final order.
Former Acting Minister-in-charge of Muslim Affairs Faishal Ibrahim is in discussions with the National University of Singapore to return to academia. The university confirmed on Aug 24 that arrangements are being discussed, following his resignation from political office in July.
Singapore's consumer prices rose 2.2% year-on-year in July, the highest in nearly two years, but the increase was below economists' expectations. Core inflation also accelerated to 2%, yet remained lower than forecast, with the central bank and ministry attributing the rise to higher electricity, services, and food costs.
In a significant market move, Meesho shares worth ₹945 crore were sold in a block deal on August 24, with reports pointing to Y Combinator as the likely seller. Institutional investors including Morgan Stanley, Goldman Sachs, and several mutual funds were among the buyers, according to exchange data.
A 57-year-old man died in hospital after being rescued unconscious from a canal in Bukit Timah on Saturday evening. Police said preliminary investigations found no suspicion of foul play, and investigations are ongoing.
Smartworks Coworking Spaces has added ₹235 crore in incremental contracted rental revenue through expansion mandates from existing clients, including Fortune 500 and Forbes 2000 companies. The company also reported a net profit in Q1, and its shares are set to be in focus on Monday.
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.
Hong Kong actress Cecilia Cheung celebrated her 46th birthday by gifting 46 fans round-trip flights and Disneyland tickets, later joining them at the park and covering some expenses. Social media footage showed her shielding children from the heat, prompting netizens to praise her humility and kindness.
The Responsible Fintech Institute and Safeheron have launched a pilot initiative to test post-quantum cryptography for digital asset transactions, involving banks and regulators across multiple jurisdictions. The pilot will evaluate a multi-party computation protocol supporting NIST's ML-DSA-65 standard on the NEAR testnet, focusing on interoperability, resilience, and governance.
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.
Australia's residential battery adoption is surging, driven by federal subsidies and consumer savings, but the country faces a wind farm drought that threatens its renewable energy targets. Experts point to rising costs and financing hurdles, while AEMO forecasts optimistic wind capacity growth.
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.
At the 2026 National Day Rally, Prime Minister Lawrence Wong announced plans for major land reclamation, including merging southern islands into a new western island, further reclamation at Pulau Tekong, and studying undersea tunnels to connect the island to the mainland. Also revealed are transformations for Sentosa and Pulau Brani, with new resort and connectivity plans.
The Bihar government has invited airlines to bid for five new international routes from Patna and Gaya, offering viability gap funding for six months. Meanwhile, IndiGo has announced twice-weekly Gaya–Bangkok flights starting October 26, 2026, pending regulatory approvals.