标签: Asia

亚洲

  • Bali bans Dutch expats whose run club allegedly excluded Indonesians

    Bali bans Dutch expats whose run club allegedly excluded Indonesians

    A recent controversy involving an unauthorised running event on Indonesia’s resort island of Bali has led to permanent entry bans for two Dutch organisers, reigniting long-simmering tensions between foreign expatriates and local communities on the island popular with digital nomads.

    Indonesian immigration authorities confirmed the ban Friday, noting the two men — aged 35 and 37 — had already departed Bali for Singapore before the announcement was made public. The bans bar them from ever re-entering Indonesian territory. The event in question was organised by Entourage Bali, a community group catering primarily to foreign digital nomads that has come under fire after widespread online allegations of systemic discrimination against local Indonesian applicants.

    The controversy erupted after Entourage Bali opened registration for a 5-kilometre run scheduled for July 22. Multiple social media users shared testimonies claiming the organisation rejected Indonesian applicants while approving foreign registrations without issue. One Indonesian woman shared a viral post stating her application was held up indefinitely due to her local name and Indonesian phone number, while her husband, who uses a Western name and foreign phone number, was accepted within minutes.

    In response to the backlash, Entourage Bali released an official statement pushing back on the discrimination claims, arguing that any rejections of local applicants were the result of an accidental technical glitch. The group said its automated chat group approval system incorrectly blocked numbers registered in Indonesia, and that Indonesians actually made up nearly 25 percent of participants for its past events — the largest single national contingent in the community. It also emphasised that its membership is open to all people regardless of nationality, founded to help new arrivals to the island connect through shared activities, and that digital nomad status is not tied to citizenship.

    To address the ongoing controversy, the group announced it would pause all scheduled events indefinitely while it implements internal reforms. The organisation had previously held a popular “disco run” in May that drew a large crowd of mostly foreign participants.

    Indonesian officials have defended the ban, saying the organisers violated two key national rules: first, the event was planned and publicised without obtaining the required government permits, and second, the alleged discrimination ran counter to local laws and social norms. Indonesia’s immigration chief Hendarsam Marantoko framed the incident as part of a broader crackdown on foreign operators acting outside the law on Bali, saying the unregulated, exclusionary community amounted to an unacceptable “state within a state.”

    Bali Governor I Wayan Koster also publicly vowed Sunday that local authorities would take strict enforcement action to prevent similar exclusionary, unpermitted events from being organised in the future. The case comes as Bali has seen steady growth as a top global hub for digital nomads over the past decade, a boom that has also brought growing friction between foreign transplants and local residents over issues of access, entitlement, and exclusionary practices by some expatriate communities.

    Authorities have made clear they intend to step up oversight of foreign-led activities on the island to ensure all events comply with local regulations and respect equal treatment for Indonesian residents.

  • Philippine president to deliver key speech in the shadow of corruption scandal and political tension

    Philippine president to deliver key speech in the shadow of corruption scandal and political tension

    MANILA, Philippines — Philippine President Ferdinand Marcos Jr. is set to deliver his annual State of the Nation Address on Monday, stepping onto the national stage against a turbulent backdrop of overlapping political crises that have shaken his administration over the past year. The event, held at the House of Representatives in suburban Quezon City, will mark Marcos Jr.’s penultimate annual address before his six-year presidential term concludes in mid-2028, with over 23,000 Philippine National Police personnel deployed to secure the venue and surrounding areas. Key routes leading to Malacañang Palace, the official presidential residence in Manila, have been blocked with barbed wire barricades and riot police detachments to head off planned protests by disaffected groups. The expanded security measures come after two separate explosive-related incidents in the capital raised threat levels ahead of the address. A small improvised explosive device detonated before dawn Monday near the gate of the Philippine Department of Justice in Manila, causing no casualties and only minor structural damage. In a separate incident, unassembled bomb components were discovered near the Senate complex in suburban Pasay City, according to national police chief Gen. Jose Melencio Nartatez Jr., who told reporters the discovery was apparently intended “only to sow terror or fear” among the public ahead of the major national event. Beyond security threats, Marcos Jr. faces significant political headwinds as he prepares to speak to the nation. A massive corruption scandal first exposed by the president himself in last year’s State of the Nation Address has now ensnared several of his closest political allies, igniting public anger and calls for deeper accountability. During his 2023 address, Marcos Jr. delivered a sharp rebuke of systemic graft in national flood-control infrastructure projects, as the country was still recovering from catastrophic flooding and landslides that left dozens dead and displaced more than 200,000 residents across the archipelago. Subsequent joint investigations launched by the government and Congress have linked dozens of sitting and former House and Senate members, as well as public works engineers and senior government officials, to the scheme, where the co-conspirators allegedly siphoned off millions in kickbacks from contracted projects. Revelations of the conspirators’ lavish lifestyles, including fleets of private jets and high-end European luxury vehicles, sparked widespread public outrage and mass street protests earlier this year. To date, one sitting and one former member of the 24-seat Philippine Senate have been indicted and taken into custody on corruption charges tied to the scandal. A former House representative identified as a leading suspect has fled the country for Europe. Former Public Works Secretary Manuel Bonoan, who served in Marcos Jr.’s cabinet, has denied any wrongdoing but remains in hospital detention after being formally charged in the case. Despite the progress in investigations, many Filipino activists and political observers have pushed for faster prosecution of high-profile figures implicated in the scandal. Critics have repeatedly questioned why former House Speaker Martin Romualdez, Marcos Jr.’s cousin and one of his most influential political allies who has denied any connection to the graft, has not been charged to date. Marcos Jr. has repeatedly pledged that no individual, regardless of their political ties to his administration, will escape prosecution if evidence of wrongdoing exists. “We have done enough because we’re not done yet,” Marcos Jr. said of the ongoing investigation in recent comments. “Unfortunately, the more we look, the more we find.” Adding to the president’s political challenges is the ongoing impeachment trial of Vice President Sara Duterte, Marcos Jr.’s former political ally who is now estranged from the administration. Duterte faces multiple impeachment charges, including allegations of corruption and threats against the sitting president, with the trial formally opened by the Philippine Senate earlier this month. On the policy front, Marcos Jr. is expected to use his address to outline new government initiatives designed to cushion the Philippine economy from global market volatility stemming from the renewed armed conflict in Iran. Back in March, as hostilities intensified in the Middle East, Marcos Jr. declared a one-year national energy emergency to ensure stable supplies of fuel, food, and key agricultural commodities, while enacting new measures to crack down on price gouging and hoarding of essential goods.

  • ‘This is just the start’: India’s Gen Z protesters force out a minister, but what next?

    ‘This is just the start’: India’s Gen Z protesters force out a minister, but what next?

    Over Narendra Modi’s 12-year tenure as India’s prime minister, only one cabinet minister had stepped down from office before 2026 — forced out over sexual misconduct allegations. That makes the July 26 resignation of Education Minister Dharmendra Pradhan, coming after more than a week of widespread mass demonstrations across major Indian cities, a watershed moment for Indian politics, and a victory widely celebrated by the country’s largest-in-the-world generation of young people. For many young activists, the win marks the first time they have seen grassroots protest force change under Modi’s administration.

    “We grew up learning in textbooks about how critical dissent is to a functioning democracy, but I never saw that play out in real life around me over the Modi years,” explained 22-year-old Delhi-based student activist Sakhi, one of the movement’s prominent digital organizers. “This time, for the first time, it felt like we actually could make things happen through collective protest.”

    Within minutes of Pradhan’s announcement, an old clip of a senior ruling party minister claiming “resignations do not happen in our government” went viral across social media, a testament to the growing confidence of the youth-led movement that secured his ouster. Sakhi, who has become a leading voice for the movement on Instagram, told reporters that the government failed to anticipate the scale of the protests because it was completely out of touch with how young organizers use digital platforms. While the administration maintains tight control over traditional mainstream media and major platforms including Facebook and WhatsApp, Sakhi said it overlooked Instagram as a space for grassroots organizing. She has posted millions-viewed content documenting police brutality, detentions of protestors, and satirical reels mocking law enforcement, building widespread public support for the movement.

    The unrest that led to Pradhan’s resignation traces back to May, when India’s national medical entrance examination, the NEET, was canceled after a widespread question paper leak. The cancellation forced nearly 2 million aspirational medical students to retake the high-stakes test, a disruption that upended years of preparation for many young people. In the wake of the scandal, more than 20 affected students died by suicide, with their families blaming government negligence for the tragedy.

    Public anger over the leak was organized into a formal movement by the satirical Cockroach Janta Party (CJP), an online activist group launched after India’s chief justice compared unemployed job seekers holding “fake and bogus degrees” to cockroaches. CJP organizers launched a sit-in protest in central Delhi, demanding three core demands: Pradhan’s resignation, sweeping national education reform, and financial compensation for the families of the students who died by suicide after the leak.

    The movement grew slowly at first, but a turning point came on July 18, when Delhi police forcibly removed prominent hunger-striking educator Sonam Wangchuk from the protest site and hospitalized him. Two days later, tens of thousands of protestors responded to CJP’s call to march on India’s parliament in New Delhi, triggering a harsh police crackdown. Footage of baton charges, tear gas deployment, and pellet gun use against peaceful demonstrators spread rapidly across social media, amplifying public anger and drawing thousands more new participants to the movement across the country rather than suppressing dissent.

    As momentum grew, the wave of discontent and young people’s new willingness to take to the streets spread from Delhi to cities across India. In Mumbai, 26-year-old activist Somaya Korde was detained at her home after sharing online calls for a July 20 protest, but she still joined multiple demonstrations after her release. For Korde, the first woman in her historically socially and economically disadvantaged community to earn a law degree and a recent candidate in local civic elections, Pradhan’s resignation is far from the end of the movement.

    “This is just the beginning,” Korde said in an interview. “This is the first time many of us in this generation have stepped out to protest publicly, but there are far larger systemic issues we need to address, and we will keep raising them.” Korde explained that she, like millions of young Indians, saw education as the guaranteed path out of poverty and into a better life — but the NEET leak destroyed her faith in a system that promises hard work will be rewarded. “Schools and universities are being rapidly privatized, high-stakes exam leaks keep happening, and even after you graduate, there are almost no decent jobs available,” she said. “In a democracy, that demands the government be held accountable.”

    Korde’s frustration reflects a broader national crisis among Indian youth. India is home to the largest youth population in the world, but official government data shows youth unemployment between the ages of 15 and 29 rose to 16.2% in June 2026, up from 13.8% one year prior. A 2026 study from Azim Premji University underscores the scale of the crisis: fewer than 7% of young Indian job seekers secure permanent salaried employment within a year of graduation, and fewer than 4% land stable white-collar jobs.

    The protests have become a unifying moment for young Indians to set aside long-held caution and voice their accumulated frustration with the status quo. Among them is 18-year-old Harshvardhan Kadam from Mumbai, who took a part-time job selling laptops after finishing high school to support his mother following his father’s death in 2025. On July 23, a 15-second Instagram reel Kadam filmed while being detained by police during a protest march went viral, racking up more than 10 million views. In the clip, a police constable can be heard threatening to plant illegal drugs on Kadam to frame him for a crime. The constable was formally suspended from duty after the video spread.

    “I never wanted him to lose his job,” Kadam told reporters. “I just wanted to document how police treat people for joining a peaceful protest.” Reflecting on Pradhan’s resignation, Kadam said the victory has changed how young people view their own power. “This is just the start. It shows that next time we raise our voices, the government will be scared of us.”

    For many long-time activists who had grown disillusioned with the lack of change under Modi’s administration, the movement has restored lost hope. Swaraj Priyo, a 29-year-old screenwriter from Guwahati who has participated in protests for years, said: “This movement has brought back the space for questioning and dissent, and reminded us that the fight isn’t over.”

    Across protest sites, a growing sense that the Modi government is now on the defensive is palpable. Posters now read: “Pradhan was just the example. Next it’s Modi’s turn.” But alongside this new confidence, many activists also share deep apprehension about future retaliation.

    Varuni Poorva, a 30-year-old aspiring professor from Patna who has been a student activist for nearly a decade, said Pradhan’s resignation proves the Modi government can be pressured into making concessions. But she has already sought anticipatory bail from courts to avoid arbitrary arrest, and worries about a coming witch hunt against movement organizers — despite the government’s public pledge not to retaliate against protest participants. To date, police have charged more than 100 protestors with serious offenses including attempted murder, and have arrested more than 40 organizers and participants.

    Human Rights Watch has documented that under Modi’s administration, Indian authorities have routinely prosecuted activists, journalists, and peaceful protestors using fabricated counterterrorism and hate speech laws. Even with widespread fears of a coming crackdown — fears shared by many protestors’ parents — activists say the movement has already given Indian youth a new sense of political power that cannot be undone. With the core economic and systemic frustrations that sparked the protests still unresolved, activists say it will be impossible for the government to simply return to business as usual.

    As graffiti scrawled on a wall at a Delhi protest site puts it: “We do not have jobs. If you wipe this out, we will come back tomorrow.”

  • China memory chipmaker CXMT’s shares soar in a blockbuster share listing in Shanghai

    China memory chipmaker CXMT’s shares soar in a blockbuster share listing in Shanghai

    On Monday, ChangXin Memory Technologies (CXMT), China’s leading domestic memory chip manufacturer, made a historic trading debut on Shanghai’s Science and Technology Innovation Board (STAR Market), triggering a dramatic surge in share prices that cemented its status as one of the world’s most valuable semiconductor companies. The landmark initial public offering (IPO) raised at least $8.6 billion, making it the second-largest mainland Chinese share sale in history, surpassed only by Agricultural Bank of China’s $22.1 billion dual offering in Shanghai and Hong Kong back in 2010.

    Priced at 8.66 yuan ($0.13) per share, CXMT’s stock opened to overwhelming investor demand, climbing as much as 472% in morning trading and holding onto a 462% gain by early afternoon. The explosive rally pushed the chipmaker’s total market capitalization to roughly 3.3 trillion yuan, equal to more than $487 billion. While that valuation makes CXMT the most valuable listed firm on mainland China’s exchanges, it still lags behind global industry giants including South Korea’s Samsung Electronics and SK Hynix, as well as U.S.-based Micron Technology.

    Founded in 2016 in Hefei, a major technology hub in eastern China, CXMT specializes in manufacturing dynamic random access memory (DRAM) chips — semiconductors that form a critical component for everything from AI data center servers and electric vehicles to consumer smartphones and personal computers. As of the first quarter of 2026, CXMT holds roughly 9% of global DRAM shipment market share, up slightly from 8% for the full year 2025, per data from Counterpoint Research. That ranking places it fourth globally, behind Samsung (36%), SK Hynix (29%), and Micron (24%). Counterpoint forecasts CXMT’s global share will climb to 11% by 2028, but the firm notes the company will need to reach at least 15% market share to maintain long-term global competitiveness.

    CXMT’s explosive growth has been fueled largely by the global artificial intelligence boom, which has sent demand for high-performance memory chips soaring and created a widespread global shortage that has pushed up prices for electronics ranging from laptops to smartphones. In the first three months of 2026 alone, CXMT’s revenue skyrocketed 700% year-over-year to 50.8 billion yuan ($7.5 billion), driven by unmet demand from AI developers and server builders.

    For China, CXMT carries strategic importance beyond its commercial success: it is the country’s leading candidate to develop domestic high-bandwidth memory (HBM) chips, a cutting-edge DRAM variant critical for powering large AI models. U.S. export restrictions already block Chinese firms from importing HBM from foreign suppliers, as part of broader American-led limits on access to advanced semiconductor technology designed to slow China’s technological advancement. Washington has also restricted exports of the most advanced chipmaking manufacturing equipment to Chinese firms, forcing CXMT to rely on domestic equipment suppliers to scale production.

    “CXMT plays a critical role in China’s AI push, particularly in the face of U.S. export controls,” explained Kyle Chan, a Brookings Institution fellow and expert on China’s technology policy. Chan added that a key open question is whether CXMT can expand production fast enough to help ease the ongoing global memory chip shortage. MS Hwang, Counterpoint Research’s memory semiconductor research director, noted that trade restrictions on advanced manufacturing tools remain the single biggest barrier to CXMT’s long-term growth. In recent months, some U.S. lawmakers have even called on the current U.S. administration to block American companies from purchasing CXMT chips over purported national and economic security concerns. The U.S. Pentagon has already added CXMT to its list of Chinese companies designated as having alleged links to the Chinese military, a designation Beijing has repeatedly rejected as unfounded.

    The CXMT IPO comes just weeks after South Korean peer SK Hynix raised $26.5 billion through its own Nasdaq listing, highlighting the intense investor appetite for memory chip makers amid the ongoing AI boom.

  • Chipmaker CXMT becomes mainland China’s most valuable listed firm

    Chipmaker CXMT becomes mainland China’s most valuable listed firm

    In a stunning turn of events that has sent shockwaves through global semiconductor and financial markets, ChangXin Memory Technologies (CXMT), China’s largest domestic memory chip manufacturer, has delivered a historic debut on the Shanghai Stock Exchange’s technology-focused STAR Market. The company’s shares skyrocketed more than 470% on their first day of trading, catapulting its total market valuation to approximately 3.3 trillion yuan, equal to $487.3 billion or £364.9 billion. This landmark valuation pushes CXMT past every other listed company on mainland China to claim the title of the most valuable publicly traded firm in the region.

    What makes CXMT’s blockbuster opening even more remarkable is that it comes against a backdrop of widespread turmoil in global technology equities. Throughout this month, international markets have seen a sharp selloff across tech stocks, driven by shifting investor sentiment and valuation adjustments across the sector. Against this challenging headwind, CXMT’s explosive growth underscores robust investor confidence in China’s domestic semiconductor development, particularly as global demand for memory chips booms amid the rapid expansion of artificial intelligence infrastructure.

    Founded in 2016 by chairman Zhu Yiming and headquartered in Hefei, the capital of China’s eastern Anhui Province, CXMT specializes in manufacturing dynamic random-access memory (DRAM) chips, a critical component that powers AI data centers, smartphones, personal computers, tablets, and a wide range of consumer and enterprise electronics. The company noted that the vast majority of proceeds raised from its initial public offering (IPO) will be allocated to expanding production capacity for memory chips and accelerating advanced research and development initiatives, as it works to gain a larger foothold in the global DRAM market.

    For Chinese financial regulators, CXMT’s strong IPO performance comes as a welcome boost. In recent weeks, Chinese authorities have rolled out a series of targeted policy measures to stem a steep downturn in domestic equity markets that has erased more than $1.5 trillion in market value. The successful debut offers a glimmer of momentum for the country’s tech sector and capital markets at a time of widespread volatility.

    The global DRAM market is currently dominated by three major industry players: South Korean tech giants Samsung Electronics and SK Hynix, and U.S.-based memory chip leader Micron. Combined, these three firms control roughly 90% of total global DRAM production, meaning CXMT’s rise marks a major new challenge to the long-standing incumbency of these established players.

    The wave of investor enthusiasm for AI-linked memory chips has not been limited to CXMT. Earlier this month, SK Hynix raised $26.5 billion (£19.8 billion) through its share offering on U.S. markets, marking the largest ever listing by a foreign company in the United States. The firm, a critical supplier to leading AI chip designer Nvidia, sold 177.9 million American depositary shares priced at $149 apiece. On its first day of trading on the Nasdaq, SK Hynix’s shares jumped as much as 17%, though it has since pulled back from those peak opening gains. Back in May, surging demand for AI-capable memory chips pushed SK Hynix’s market capitalization above the $1 trillion mark on its home country’s exchange.

  • Tunisia: Ghannouchi’s daughter says family denied information after his collapse in prison

    Tunisia: Ghannouchi’s daughter says family denied information after his collapse in prison

    More than a week after 84-year-old jailed Tunisian opposition leader Rached Ghannouchi was reportedly hospitalized following a fainting spell in sweltering prison conditions, his family has been completely cut off from any information about his current state of health and barred from all contact with him, according to his daughter.

    Growing anxiety over the Ennahda movement leader’s well-being was sparked after an eyewitness inside Mornaguia Prison confirmed they saw Ghannouchi lose consciousness earlier this month. In an Instagram video statement, Soumaya Ghannouchi, the opposition figure’s daughter, publicly questioned where her father was being held, why authorities are hiding his location, and why all visiting privileges have been revoked.

    She detailed that when legal representatives for her father went to the prison to check on him, officials first informed them Ghannouchi had been transferred to a hospital for treatment. But when a lawyer and Ghannouchi’s wife traveled to the medical facility to see him, security and administrative staff turned them away at the gate and refused to release any details about his admission or condition.

    “The last update our legal team received was that my father became dizzy and collapsed during a visit, due to severe heat exhaustion,” Soumaya Ghannouchi explained, noting that internal temperatures inside his prison cell have been recorded at over 50 degrees Celsius—levels that pose extreme danger to anyone, particularly an elderly person with pre-existing health conditions.

    The elder Ghannouchi lives with Parkinson’s disease and a chronic thyroid disorder, both of which require consistent specialized medical care that his family says he cannot access in current detention conditions. Soumaya Ghannouchi emphasized that holding her father in an uncooled cell during the region’s extreme summer heat amounts to a direct threat to his life, and she has accused Tunisia’s ruling justice system of targeting her father as an act of political retaliation.

    She questioned the legitimacy of the multiple convictions that have handed Ghannouchi a cumulative sentence of more than 150 years in prison, plus a life sentence and 10 years of administrative probation, calling the charges “fabricated and absurd” and unbelievable to any reasonable observer.

    Rached Ghannouchi, a former speaker of Tunisia’s parliament and the long-serving leader of the country’s largest opposition movement Ennahda, has been behind bars since April 2023. His detention is part of a sweeping crackdown on political opposition figures launched by President Kais Saied, who moved to consolidate autocratic power in July 2021 by suspending parliament, dismissing the sitting government, and ruling by executive decree. Critics of Saied’s power grab have labeled it a coup that derailed Tunisia’s fragile post-Arab Spring democratic transition, and Ghannouchi’s imprisonment has become a defining symbol of the broader crackdown on dissent.

    In her statement, Soumaya Ghannouchi demanded immediate access to her father’s full medical records, as well as clear information about the treatment and medication he is currently receiving, noting that access to such information is a fundamental right for any detainee, their family, and legal representation. She also held President Saied and Justice Minister Leila Jaffel directly “morally, politically and legally responsible” for any harm that comes to her father while he remains in detention.

  • Shein swings to $99m loss as Trump tariffs hit sales

    Shein swings to $99m loss as Trump tariffs hit sales

    Global fast-fashion giant Shein, which maintains its headquarters in Singapore after its founding in China, has reported an unexpected first-quarter net loss, citing new US trade policies, ongoing geopolitical uncertainty, and accounting adjustments as the primary headwinds dragging down its performance ahead of a planned Hong Kong stock market listing.

    In its regulatory filing ahead of the initial public offering (IPO), Shein confirmed it posted a net loss of $99 million in the first three months of 2026. This marks a sharp reversal from the $395 million net profit the company recorded in the same period one year earlier, as growth in global sales slowed significantly following a key change to US trade policy.

    The downturn traces directly to an executive order signed by former US President Donald Trump that took effect on August 29, 2025, eliminating the longstanding de minimis import exemption. For decades, this rule had allowed packages valued at $800 or less to enter the United States duty-free, a benefit that heavily benefited low-cost online retailers like Shein and rival platform Temu that cater to price-sensitive American consumers. The updated order expanded a prior restriction that only applied to low-cost goods from China and Hong Kong, eliminating the exemption for all countries globally. The Trump administration justified the move by claiming the exemption was being exploited to evade existing tariffs and smuggle deadly synthetic opioids into the country.

    “The removal of the US de minimis exemption has had an adverse impact on our sales in the US and the overall growth of our net revenues,” Shein stated in the filing. In response to rising import costs driven by the policy change, the company confirmed it is evaluating multiple mitigation strategies, including rolling out moderate price increases for its US market offerings to offset a portion of the additional expenses.

    Shein added that broader geopolitical uncertainty has also weighed on performance, noting that the ongoing Iran conflict has disrupted global supply chains, pushed up operational costs, dampened consumer demand, and caused delivery delays across several key regional markets. Uncertainty around the paused but unresolved tit-for-tat US-China trade war has also created additional planning challenges for the cross-border retailer, the company added.

    Roughly one-third of the reported quarterly loss stems from a non-cash paper adjustment tied to an accounting change for special investor shares, which can be converted into ordinary common stock ahead of or following the IPO. The $328 million accounting charge reflects a revaluation of these shares, whose value will remain flexible until the listing is completed.

    Despite the quarterly setback, the filing revealed bright spots in Shein’s long-term growth trajectory. In the 12-month period ending March 2026, the company counted 281 million active customers globally, representing a 16% year-over-year increase. These customers placed more than 1 billion orders over the period, underscoring sustained mass consumer demand for the brand’s affordable fast-fashion offerings.

    The earnings announcement comes as Shein finalizes preparations for its Hong Kong IPO, a path the company pursued after earlier attempts to launch public listings in New York and London fell through. On July 10, the China Securities Regulatory Commission (CSRC) granted formal approval for the Hong Kong share sale, with the listing expected to launch sometime in the coming months. The latest filing did not disclose key details including the expected IPO size, pricing range, or exact launch timetable.

    The policy pressure on Shein is not limited to the United States. Earlier in July, the European Union introduced a €3 levy on all low-value e-commerce imports entering the bloc, a measure explicitly designed to counter what EU regulators call unfair competition from Chinese low-cost online retailers. The new rule mirrors the US shift toward ending duty exemptions for small, low-value packages, creating a dual headwind for Shein in two of its largest developed markets.

  • Watch: Scaffolding ripped from Hong Kong building as Typhoon Noul makes landfall

    Watch: Scaffolding ripped from Hong Kong building as Typhoon Noul makes landfall

    Dramatic footage has captured the moment massive scaffolding was torn violently from the side of a Hong Kong building as Typhoon Noul, the most powerful tropical cyclone to hit Chinese territory so far this year, makes landfall. According to Chinese state media reports, the storm has already brought destructive winds and severe weather conditions to southern coastal regions, with Hong Kong among the areas hardest hit by its advance. The video of the collapsing scaffolding, which has circulated widely across local and international media, underscores the raw destructive power of the typhoon as it moves across southern China. Local authorities have issued multiple weather warnings, urging residents to avoid unnecessary travel and secure loose outdoor structures that could become dangerous projectiles in high winds. As of the latest updates, emergency response teams have been deployed across the region to conduct rapid damage assessments and respond to any weather-related emergencies. Meteorological agencies are continuing to track the storm’s path, providing regular updates to help communities prepare for ongoing impacts from Noul’s landfall.

  • All Blacks add three new caps for ‘greatest rivalry’ rugby tour to South Africa

    All Blacks add three new caps for ‘greatest rivalry’ rugby tour to South Africa

    WELLINGTON, New Zealand — New Zealand All Blacks head coach Dave Rennie has unveiled an expanded 44-player roster for an upcoming grueling eight-match tour that features a four-test showdown against world number one and defending Rugby World Cup champion South Africa Springboks, bringing a return to the classic multi-match touring format that defined rugby before the professional era.

    Rennie added 10 new players to the original 34-strong Nations Championship squad, retaining every member of the group that notched test victories over France, Italy and Ireland earlier this year to bulk up the roster for the demanding schedule. Three rookie players earn their first call-up to the senior national side: Hurricanes prop Siale Lauaki, Moana Pasifika backrower Semisi Tupou Ta’eiloa and Chiefs flyhalf Josh Jacomb. The other seven additions to the touring group are prop Ollie Norris, hooker George Bell, lock Fabian Holland, backrower Ethan Blackadder, centers Timoci Tavatavanawai and Rieko Ioane, and winger Emoni Narawa.

    The tour, which kicks off next month, will see the All Blacks play four non-test matches against South Africa’s top domestic franchises alongside four tests: three in South Africa and one final test in Baltimore, United States. The full schedule opens with a clash against the Stormers in Cape Town on August 8, followed by matches against the Sharks in Durban (August 12), Bulls in Pretoria (August 16), the first test against the Springboks in Johannesburg (August 23), a match against the Lions in Johannesburg (August 26), a second test in Cape Town (August 30), a third test in Johannesburg (September 6), and the final test in Baltimore on September 13.

    This tour revives the traditional pre-professional model of rugby touring, which combined both weekend test matches and midweek franchise fixtures — a structure that was common before rugby union turned professional in 1995. Billed as a renewal of rugby’s most storied and intense rivalry, the series pits the world’s top two ranked men’s teams against one another: the Springboks hold the number one world ranking, while the All Blacks sit close behind at number two.

    With eight matches crammed into just six weeks of travel and competition, Rennie admitted this will go down as one of the most challenging tours in modern rugby history. “This tour will challenge us and demand the very best of us,” Rennie told reporters. “We have selected a squad that we know is up to the challenge. It’s a balanced blend of experienced test players and a cohort of younger players who will be keen to work hard and showcase their skillset on tour.”

    He added that the coaching staff is excited to give young prospects the chance to earn their first senior caps, while welcoming back players who had previously been out of the national squad fold.

    Historically, the All Blacks have struggled to win a test series on South African soil: the only New Zealand side to claim a series win in South Africa was the 1996 tour, after five unsuccessful attempts across the 20th century. Across 110 test meetings between the two nations, New Zealand holds the edge with 63 wins to South Africa’s 43, alongside four drawn matches.

    “This would have to be the toughest tour in rugby,” Rennie said. “Every player will be required to play their part across this tour, whether it’s preparing to play or helping their mates prepare. It will be an intense seven weeks of touring but an excellent opportunity for us to pit ourselves against the current benchmark team in world rugby and to build connections with each other in a way that only a tour of this scale can do. What we learn about ourselves on and off-field will set us up well for the Rugby World Cup in 2027.”

    On the leadership front, Ardie Savea will retain the captaincy for all four test matches, but will not join the squad in South Africa until shortly before the first test. Rennie explained that the decision to give Savea an extended break comes after the skipper carried a heavy playing workload over the past two years, and the rest will leave him fresh to lead the side through the test series. Other senior squad members will step in to captain the side for the four non-test franchise matches, with multiple leaders set to get an opportunity to take charge.

  • As Indonesia cuts methane emissions, life atop a mountain of garbage begins to change

    As Indonesia cuts methane emissions, life atop a mountain of garbage begins to change

    In the pre-dawn darkness that hangs over Indonesia’s Bantargebang, the country’s largest landfill site on the eastern outskirts of Jakarta, thousands of waste pickers already scramble across towering heaps of garbage to hunt for recyclable and resalable materials before fresh waste buries their finds. Among them is 35-year-old Nur Wencih, a widow who has followed in her parents’ footsteps working at the site for 20 years. For Wencih, who lives alone in a small rented room near the landfill, sorting discarded cardboard, plastic bottles, and discarded toys has paid for daily food, rent, and the education of her two teenage daughters, who stay with relatives in a rural village. On a good day, she earns roughly $12, and occasional lucky finds of forgotten gold jewelry feel like winning the lottery, she told the Associated Press during a break from the sweltering July heat. But like thousands of her colleagues, Wencih now faces an uncertain future as Indonesia launches one of its most sweeping national waste management reforms in decades.

    Starting August 1, the Bantargebang site will end its current open dumping operations and transition to a controlled, sanitary landfill system. This shift is part of a national policy that will shut down open dumping at 343 of Indonesia’s 550 existing disposal sites nationwide. Under the new rules, all landfills will gradually shift to only accept non-recyclable, non-compostable residual waste — items such as soiled diapers, used paper towels, and adhesive stickers that cannot be processed for reuse. At the same time, Indonesian households will be required to sort organic and recyclable waste for separate processing, a large-scale practice that most of the population has never been trained to adopt.

    The core driver of this reform is climate action. Open, unmanaged landfills produce massive amounts of methane, a greenhouse gas that traps 80 times more heat in the atmosphere than carbon dioxide over its first 20 years, and is responsible for roughly one-third of current global warming. Cutting methane emissions is widely recognized by global climate leaders, including U.N. Secretary-General António Guterres, as one of the fastest, most effective ways to slow the pace of near-term global warming.

    Bantargebang itself has become a flashpoint for global methane reduction efforts. Originally opened in 1989 as a properly designed sanitary landfill with a working methane collection system, the site gradually shifted to full open dumping after a private sector management contract expired in 2016. Today, only 2 of its original 12 methane extraction wells still operate. Satellite data analyzed by UCLA’s STOP Methane initiative ranked Bantargebang as the world’s second-highest methane-emitting landfill in 2025, outranked only by a large site in Argentina. Covering 110 hectares (272 acres), the landfill has grown into a 60-meter-tall man-made mountain — as high as a 20-story building — that receives 7,500 tons of Jakarta’s waste every single day. In March, a landslide triggered by heavy rain at the site killed seven people, a tragedy that underscored the urgent risks of the site’s overloaded, unmanaged state. “Its carrying capacity is reaching, or even exceeding, its limits,” said Agung Pujo Winarko, head of the Bantargebang facility.

    Under the government’s rehabilitation plan, large sections of the Bantargebang site are already being covered with impermeable tarps to capture escaping methane, with the full overhaul estimated to cost up to $12 million. Dudi Gardesi Asikin, head of Jakarta’s Environment Agency, says the reform will deliver major public benefits: improved environmental health, reduced local pollution, and deep cuts in harmful methane emissions. It will also make daily work far safer for the people who sort waste here, he noted: currently, thousands of pickers race alongside heavy construction excavators to reach recyclable materials before they are buried, putting their lives at constant risk.

    But the reform also creates a pressing national dilemma: how to protect the livelihoods of roughly 600,000 informal waste pickers across Indonesia who depend on open dumps for their income. At Bantargebang alone, more than 4,000 registered waste pickers work the site every day, and their work supports an entire local ecosystem of recycling traders, rental housing, and food stalls that serve the worker community. “What worries me most is how I will feed my family,” Wencih said. Local community leader Bunin, a 53-year-old resident who lives near the site, added that while the landfill has brought severe pollution to the area, it has also created critical economic opportunities for low-income local families. “The landfill not only brings negative impacts, there are also economic benefits,” he said.

    Government officials say the reform will ultimately create better, more formal, safer jobs for waste pickers in the new recycling and composting sectors, and that pickers already receive basic social security and healthcare through national programs. But the transition remains fraught with uncertainty for the workers who have built their lives around Bantargebang, many of whom are third-generation waste pickers like Wencih, who hopes her own daughters will never have to work in the landfill.

    The success of the broader national reform also depends on changing decades-old waste habits across Jakarta, where residents have never been required to sort household waste before disposal. Many ordinary residents say the new rules have already created confusion, as public education campaigns have been slow to reach all communities. “All we know is to throw the trash in the bin, not to sort it,” said Rukasih Wanti, a resident of Central Jakarta. “The new rule is confusing us. It’s inconvenient, creates extra work and wastes our time.”

    Environmental advocates say the urgent need for this reform highlights decades of delay in updating Indonesia’s waste management infrastructure. Currently, only about 25 percent of the country’s daily waste is processed through formal waste systems, with the rest dumped, burned, or left unmanaged. David Sutasurya, executive director of Indonesian environmental organization YPBB, noted that up to 80 percent of Jakarta’s waste is either compostable or recyclable, meaning most waste currently going to landfills could be diverted with the right infrastructure. “We delayed transforming our waste-management system for too long, and only realized the problem when landfills were already close to full,” he said.

    Still, grassroots activists are working to build public support for the shift across the country. In a West Jakarta neighborhood, community organizer Monica T. Anggriani has spent more than a decade persuading neighbors to sort their household waste, building a community waste bank that now processes one ton of organic waste daily through composting, maggot cultivation, and urban farming. “Our generation was never taught to separate waste,” Anggriani said. “If we don’t start now, nothing will change in the future.”