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 ...
Italian Prime Minister Giorgia Meloni praised her country's "excellent" relationship with India during a phone call on Wednesday with her counterpart Narendra Modi, without referring to U.S. calls for the EU to impose tariffs of up to 100% on Indian imports.
According to officials, U.S. President Donald Trump urged the European Union this week to introduce new import duties on China and India as part of a strategy to exert pressure on Russia, a major oil supplier to both nations.
In their conversation, Meloni and Modi highlighted the "excellent state of bilateral relations" and reaffirmed their shared commitment to enhancing cooperation in trade, investment, and connectivity, as stated by the Italian Prime Minister's office.
The statement made no reference to Trump's requests.
The leaders also discussed Ukraine, expressing their support for "all international efforts to promote a ceasefire and resume negotiations aimed at achieving a just and lasting peace."
While Europe and the U.S. have largely avoided Russian oil following Moscow’s 2022 invasion of Ukraine, India has capitalised on discounts offered by Russia, becoming the largest importer of Russian seaborne crude.
India has made it clear that it will continue purchasing Russian oil as long as it remains economically advantageous, despite the Trump administration's decision to impose heavy import tariffs on Indian goods.
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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