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Shein Targets $27B (£20B) Valuation in Long-Awaited Hong Kong IPO, Raising to $1.8B
Shein launched its Hong Kong IPO on Monday, August 24, 2026, targeting a valuation of up to 27billion.Thefast-fashionretaileraimstoraiseasmuchasHK13.86 billion, or 1.77billion.ShareswillpricebetweenHK47.60 and HK$49.50 apiece. IPO Structure and Timeline Shein is selling 280 million Class B shares in the offering. The company will confirm its final IPO price on August 31, 2026. Trading on the Hong…
Oriental Hotels Stock Surges Over 5% After Indian Hotels Company Merger Approval
Oriental Hotels shares jumped more than 5% on August 24 after IHCL approved its merger. The Indian Hotels Company and Oriental Hotels boards approved a Scheme of Arrangement. The transaction will combine OHL with its larger associate through an all-stock structure. The scheme remains subject to shareholder, creditor, NCLT, stock exchange, SEBI, and other approvals….
Man Charged With Six Counts of Rape After Brisbane Attack, Arrested at Crime Scene
Jacob Dave Henry Hauraki, 32, charged with six counts of rape after allegedly attacking a woman on her morning walk in Brookfield, Brisbane on August 21. Police arrested him after he returned to the crime scene.
Welspun Corp (WELCORP) Share Price Soars 16% to Record High After ₹17,200 Crore Mega Order
On August 21, 2026, Welspun Corp shares surged after the company won its largest-ever single order, valued at about $1.8 billion (₹17,200 crore). The contract covers pipe supplies from its US manufacturing facility and sent the stock to a record high. The deal also pushed Welspun Corp’s global order book to around $4.4 billion, giving…
Robinhood Stock Rises 4.63% to $95.77 as MSTR, COIN and CRCL Rally on Treasury Buyback
Robinhood stock closed at $95.77 on August 19, 2026, up 4.63% for the session. Strategy, Coinbase, and Circle all posted stronger gains the same day. The U.S. Treasury’s expanded bond buyback program eased yields and lifted risk appetite across crypto-linked equities. Bitcoin climbed above $68,000, extending gains into $71,600 territory by Thursday morning. Why Robinhood…
HMRC Sends 81,000 Crypto Tax Warning Letters as Enforcement Nearly Triples
HMRC sent 81,000 crypto tax warning letters in 2025-26, up from 27,714 in 2023-24. Penalties for non-compliance can reach 100% of unpaid tax. New powers arrive May 2027.
US Debt Rises $11.6 Trillion During Trump’s Two Terms, Outpacing Biden’s $8.4T
US debt has climbed $11.6 trillion across Donald Trump’s two terms combined, according to Treasury Department data released this week. That total spans both his 2017-2021 term and his current second term since January 2025. Biden’s single term added $8.4 trillion by comparison. Total US debt crossed $40 trillion for the first time on August…
Anant Ambani Airlifts Teen With Rare Water Condition to Mumbai Hospital, August 19
Anant Ambani arranges medical airlift for Murshidabad teenager Iqbal, who spent months living in ponds due to rare condition. Boy now in Mumbai hospital for specialist care.
Singapore Halts Construction Waste Exports to Johor With Immediate Effect
Singapore’s NEA halts construction waste exports to Johor after illegal dumping allegations. Nine Malaysian firms under investigation; penalties up to 100,000 ringgit and five years prison.