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 ...
Start your day informed with AnewZ Morning Brief: here are the top news stories for 16 October, covering the latest developments you need to know.
1. Pakistan, Afghanistan agree to temporary truce after fresh fighting, airstrikes
Pakistan and Afghanistan agreed to a 48-hour ceasefire after deadly clashes along their border left dozens dead and over 100 injured, marking the worst escalation since the Taliban’s takeover in 2021. Both sides traded accusations over airstrikes and ground attacks as international powers, including China, Russia, and the U.S., urged restraint.
2. Trump says Modi assured him India will stop buying Russian oil
U.S. President Donald Trump said Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, marking a major shift that could significantly impact Moscow’s energy revenues. Trump added that he will next seek to persuade China to take the same step as Washington ramps up efforts to isolate Russia economically.
3. President Ilham Aliyev receives delegation led by OSCE Chairperson-in-Office
President Ilham Aliyev met with OSCE Chairperson-in-Office and Finnish Foreign Minister Elina Valtonen to discuss Azerbaijan’s peace progress and regional cooperation. Valtonen announced that the OSCE Minsk Process will formally conclude by 1 December, 2025, following agreements reached between Azerbaijan and Armenia in Washington.
4. China seeks stronger ties with France in strategic dialogue
China said it is ready to deepen strategic trust and expand cooperation with France in areas such as nuclear energy, aerospace, and artificial intelligence. Both sides also discussed the Ukraine conflict and Middle East tensions, agreeing to maintain close communication on global issues.
5. Aid trucks roll into Gaza as Hamas hands over more hostage bodies
Aid trucks entered Gaza as Israel prepared to reopen the Rafah crossing after Hamas handed over more bodies of Israeli hostages, easing tensions that had threatened the fragile ceasefire. U.S. President Donald Trump warned that Israel could resume fighting if Hamas fails to disarm, while an international plan for Gaza’s reconstruction and stabilization continues to take shape.
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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