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Fast-fashion giant Shein sets cut-price $27bn valuation for Hong Kong IPO

China-based retailer swung to $99m loss in first quarter and faces scrutiny over its environmental footprintBusiness live – latest updatesShein, which built a fast-fashion empire on what seemed like impossibly low prices, has been forced to lower its own valuation in a cut-price stock market float, after falling into the red earlier this year.The online retailer will list on the Hong Kong stock exchange on 1 September at a valuation of close to $27bn (£19.8bn), significantly down from a near-$100bn private market peak four years ago. Continue reading...

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Cricket captains from around the world renew appeal for medical treatment of Imran Khan

Famous cricketers from around the world have renewed their appeal for the medical treatment of former star player turned politician Imran Khan in a letter to Pakistan Prime Minister Shehbaz Sharif

The health of Norway's King Harald deteriorates over the weekend

King Harald of Norway's health has deteriorated, according to the royal palace

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Eastern Libya executes 10 convicted on terrorism charges, sparking rights outcry

Authorities in eastern Libya have executed 10 people after military courts convicted them on terrorism-related charges

Hungarian air force Gripen jet crashes, pilot ejects safely, prime minister says

A Hungarian military pilot ejected to safety after a fighter jet crashed near the city of Szolnok, Prime Minister Péter Magyar said