Author: i2wtc

Jonathan Raa | Nurphoto | Getty ImagesShein is considering moving its headquarters back to China from Singapore in a bid to convince Beijing authorities to approve the online fast-fashion company’s Hong Kong initial public offering, according to a Bloomberg report on Tuesday. The report said that Shein had gone so far as to consult lawyers about setting up a parent company in mainland China, citing people familiar with the matter. However, it added that there was no guarantee that Shein would act upon the preliminary discussions.Shein, which sources a significant amount of its goods from China, confidentially filed for an initial…

JOHNS CREEK (Georgia): Pakistan’s Mohammad Ashab Irfan solidified his standing within the country’s competitive squash scene by capturing the Johns Creek Open title on Monday, defeating Malaysia’s Nathan Kueh 3-1. The 21-year-old Ashab, already a two-time title winner this year, recovered from losing the first game to secure victory 8-11, 11-2, 11-2, 11-6 in a 40-minute match. As many as 20 players competed in the Professional Squash Association (PSA) Challenger Tour event, which offered a total prize purse of $12,000. Irfan entered the tournament as the second seed. He was among seven Pakistani players participating, joining Mohammad Asim Khan, Mohammad…

Fearing an imminent Israeli ground offensive, thousands of Palestinians have left their homes in eastern areas of Gaza City, now under constant Israeli bombardment, for points to the west and south of the shattered territory. Israel’s plan to seize control of Gaza City has stirred alarm abroad and at home where tens of thousands of Israelis held some of the largest protests seen since the war began, urging a deal to end the fighting and free the remaining 50 hostages held by Palestinian militants in Gaza. The planned offensive has spurred Egyptian and Qatari ceasefire mediators to step up efforts…

Carlos Alcaraz won the Cincinnati Open after top seed Jannik Sinner retired as he was feeling unwell on Monday, raising concerns about the Italian’s fitness just days before he is due to begin the defence of his US Open title. The Spanish second seed snapped the world number one’s 26-match winning streak on hardcourts when his ailing rival signalled he could no longer continue while trailing 5-0 in the first set of the final. “This is not the way that I want to win trophies, I just have to say sorry, I can understand how you must feel now,” Alcaraz…

A senior Iranian official warned Monday that war with Israel could erupt at any moment, describing the current lull after June’s 12-day conflict as only a temporary halt. “We must be prepared at every moment for confrontation; right now, we are not even in a ceasefire (agreement); we are in a cessation of hostilities,” said First Vice President Mohammad Reza Aref. The fighting in June saw Israel bombard Iranian nuclear and military sites, as well as residential areas, killing more than 1,000 people, including senior commanders and nuclear scientists. Iran retaliated with missile and drone strikes that killed dozens in…

The US State Department has revoked 6,000 student visas since Secretary of State Marco Rubio took office seven months ago, it said Monday. Rubio, to the delight of President Donald Trump’s right-wing base, has proudly moved against students using an obscure law that allows him to rescind visas for people deemed to counter US foreign policy interests. The Trump administration has also more broadly sought mass deportations of people in the United States illegally. “The State Department has revoked over 6,000 student visas for overstays and law violations, the vast majority being assault, DUI, burglary and support for terrorism,” a…

LAHORE: Punjab and Yokohama have agreed on ‘city-to-city’ cooperation in various fields, including environment protection and providing modern development systems to cities, announced Chief Minister Maryam Nawaz during her visit to the Japanese commercial, economic and cultural hub on Monday. The chief minister and her delegation were given a detailed briefing on urban development at Yokohama Town Hall. She discussed how to bring the construction quality of roads and buildings in Punjab at par with that of Japan. She also discussed various possibilities of cooperation between the Ravi Urban Development Authority (RUDA) and Yokohama. The chief minister reviewed possibilities of…

The artificial intelligence boom that Sam Altman helped ignite with ChatGPT in late 2022 is starting to make even him uneasy.Startups with little more than a pitch deck are raising hundreds of millions. Valuations have become “insane.” Capital is chasing a “kernel of truth” with feverish speed.The OpenAI CEO still believes the long-term societal upside of AI will outweigh the froth, and he’s ready to keep spending in pursuit of that goal.”Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes,” he said at a recent dinner with reporters. “Is AI the…

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company’s annual general meeting in Tokyo, Japan, on Friday, June 27, 2025. Bloomberg | Bloomberg | Getty ImagesIntel and SoftBank announced on Monday that the Japanese conglomerate will make a $2 billion investment in the embattled chipmaker.SoftBank will pay $23 per share for Intel’s common stock, which closed on Monday at $23.66. The shares rose about 6% in extended trading to $25.The investment, equal to about 2% of Intel, makes SoftBank the fifth-biggest shareholder, according to FactSet. It’s a vote of support for Intel, which hasn’t…

Losang Monlam poses for a portrait in front of finished Tibetan costumes at the Sholdo Pal traditional handicrafts school in Lhasa, southwest China’s Xizang Autonomous Region, Aug. 15, 2025. Traditional Tibetan costumes, after centuries of evolution and development, have formed rich styles and unique features.As one of the main categories of traditional Tibetan costumes, Lhasa costume distinguishes itself from others with its vivid features such as large waistline, long sleeves and a dazzling array of decorations, which not only reflect the aesthetics of Tibetan people, but also closely relate to their living environment and lifestyle. In 2018, Lhasa costume was…