Shein’s $100 billion heyday fades as Hong Kong IPO values it at up to $27 billion
Online fast-fashion retailer Shein is seeking to raise up to $1.77 billion in a Hong Kong IPO after its valuation fell around 70 per cent from its ...
China and India are cautiously rebuilding ties with plans for direct flights, trade revival, and high-level meetings, signaling a thaw in relations after years of tension. The moves come as both nations face shifting dynamics with the United States.
Chinese Foreign Minister Wang Yi will visit New Delhi next week for talks with India's National Security Adviser Ajit Doval on their disputed Himalayan border — the second such meeting since a deadly 2020 clash.
Later this month, Indian Prime Minister Narendra Modi will meet Chinese President Xi Jinping in China for the Shanghai Cooperation Organisation summit, marking his first visit in seven years.
The recent diplomatic push follows an October agreement easing patrol tensions along the border, which had long strained trade, investment, and air travel.
Ties have been further boosted amid new frictions between India and the U.S., after President Donald Trump imposed steep tariffs on Indian exports. Meanwhile, Beijing and Washington extended a tariff truce for another 90 days.
China and India have already agreed to resume direct flights suspended since 2020 and are discussing easing trade barriers, including reopening border trade at three Himalayan crossings.
While such trade represents a small share of their $127.7 billion annual exchange, its revival is viewed as a symbolic step toward normalizing ties.
"We have remained engaged with the Chinese side to facilitate the resumption of border trade through all the designated trade points," India's foreign ministry spokesperson, Randhir Jaiswal, told on Thursday.
Both governments say the move will benefit residents along the border and foster people-to-people exchanges.
Iran on Saturday denounced U.S. plans to announce new sanctions that could put further strain on the Islamic Republic's economy and have an impact on its most important trading partners including China.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
A newly created pro-government political party has secured a commanding victory in Kazakhstan's snap parliamentary election, according to exit polls, strengthening President Kassym-Jomart Tokayev's influence at a pivotal moment in the country's political transition.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
Ukrainian President Volodymyr Zelenskyy has rejected calls for a wartime election, arguing that holding a vote while Russia's full-scale invasion continues would divide the country and undermine national unity.
The United States has formally removed Syria from its list of state sponsors of terrorism, ending a designation that had been in place for nearly five decades and marking a major step in Washington's efforts to rebuild relations with the country's new leadership.
The Trump administration has announced plans to revoke the temporary visitor visas of foreign nationals who entered the United States on tourist or business visas and later sought asylum, marking the latest expansion of Washington's immigration enforcement policies.
At least 47 people were killed when armed gangs launched a deadly overnight assault on the Haitian town of Kenscoff, underscoring the worsening security crisis that continues to grip areas surrounding the capital, Port-au-Prince.
The U.S. Supreme Court has allowed President Donald Trump's administration to move forward with parts of an executive order aimed at tightening rules around mail-in voting, marking a significant legal victory for the White House ahead of November's midterm elections.
Ukraine’s President Volodymyr Zelenskyy said on Monday that Kyiv wants peace but will not surrender to Russia, as foreign leaders joined Independence Day events marking 35 years since Ukraine’s independence.
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