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Ultra-fast fashion provider Shein's IPO in Hong Kong valued the company at around $27 billion, 70 percent below its 2022 peak. Investors expressed concerns about supply chains and environmental impact, leading to a significantly reduced valuation.
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US national debt has surpassed 40 trillion dollars, with interest payments now exceeding defense spending. Economists warn this comes at the expense of future investments, though an immediate default is unlikely.
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US envoy met with President Putin in Moscow to discuss a peace agreement. Russia will refrain from attacks on Kyiv for three days after Ukrainian President Zelenskyy offered a three-day ceasefire.
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As of September 1, over 50,000 applications for e-car subsidies have been approved, with approximately 230 million euros disbursed. The subsidies, aimed at lower-income individuals, range from 1,500 to 6,000 euros depending on the model and income.
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The Trump administration is developing a post-Iran war strategy with three pillars: containing Iran, expanding normalization agreements, and addressing the Gaza war's aftermath. The plan aims to reshape the Middle East's power balance.
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Russian President Vladimir Putin ordered a three-day halt to air strikes on Kyiv to facilitate the arrival and talks with a US delegation including Jared Kushner and Steve Witkoff. The US is attempting to end the four-and-a-half-year war with a new plan.
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US President Donald Trump announced a new peace mission to end the Ukraine war. His envoys Jared Kushner and Steve Witkoff will travel to Moscow and Kyiv to speak with Presidents Putin and Zelenskyy. Zelenskyy proposed a ceasefire during the talks.
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The US is exerting economic pressure on Iran to force a peace agreement. China is resisting sanctions, India is balancing between the US and Iran, while the United Arab Emirates has halted trade with Iran.
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