Fast-fashion giant Shein raised $1.7 billion in its long-awaited Hong Kong initial public offering, valuing the online retailer at around $26.3 billion, the company said Monday. Known for its ultra-low prices and rapidly produced clothes, the Chinese-founded behemoth’s stock sale in the Asian financial hub comes after IPO plans for New York and London were derailed […]
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Oil prices jumped more than two percent Monday, with the Brent international benchmark rising above $90 a barrel after a fresh flare-up in the US-Iran war. In equity trading, Wall Street and Europe’s main markets dipped as investors continued to react to hawkish comments from Federal Reserve chief Kevin Warsh. After a run lower for most of last […]
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An international tribunal ordered India on Monday to “observe its obligations” under a treaty with Pakistan on the sharing of the Indus and other rivers, which the New Delhi government sought to suspend. The Permanent Court of Arbitration, based in The Hague in the Netherlands, also made an order “prohibiting” India from carrying out works […]
Read MoreTop fashion designer John Galliano announced Monday he has withdrawn from a planned exhibition of his work at New York’s Metropolitan Museum of Art, following criticism from donors and political leaders over his past antisemitic remarks.”After much reflection and discussion with all those involved, I have decided, with great sadness, that it is best for […]
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Der asiatische Online-Modehändler Shein ist vor seinem für Dienstag geplanten Börsengang in Hongkong mit umgerechnet 22,6 Milliarden Euro bewertet worden. Das Unternehmen strebt nach eigenen Angaben vom Montag mit dem Gang aufs Parkett Einnahmen in Höhe 1,5 Milliarden Euro an. Die Bewertung fällt damit deutlich niedriger aus als 2022, als Shein im Rahmen einer Finanzierungsrunde […]
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Turkey’s top diplomat stressed Monday the regional defence pact with Pakistan and Saudi Arabia was not aimed at any particular country and open to others, including Egypt. Foreign Minister Hakan Fidan’s remarks came after the first ministerial meeting of the Mecca Joint Defence Agreement which commits Turkey, Pakistan and Saudi Arabia to mutual defence in […]
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Donald Trump threatened to hit Iran “hard” after the two foes traded fire for the first time in over a month, while Iran’s president warned that more fighting with the US was not in his country’s interest. After six months of war, the foes remain at an impasse, with Iran keeping the strategic Strait of […]
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Mit ChatGPT stellt die EU-Kommission erstmals ein KI-Sprachmodell unter verschärfte Beobachtung: Der KI-Chatbot des US-Unternehmens OpenAI wird als “sehr große Suchmaschine” eingestuft und unterliegt so künftig den “strengsten Vorschriften des Gesetzes über digitale Dienste” (DSA). ChatGPT werde künftig “strengeren Kontroll- und Rechenschaftspflichten unterliegen, die den Auswirkung auf unsere Bürger und unsere Gesellschaft angemessen sind”, erklärte […]
Read MoreDie Bundesregierung hat die Einreise einer technischen Delegation der radikalislamischen Taliban-Regierung genehmigt, um Abschiebungen von Afghanen in ihre Heimat zu beschleunigen. Die Delegation solle in den afghanischen Auslandsvertretungen in Deutschland “technische Unterstützung” leisten, um deren “Leistungsfähigkeit” zu steigern, sagte ein Sprecher des Auswärtigen Amts am Montag in Berlin. Gespräche mit deutschen Regierungsvertretern seien nicht geplant. […]
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