Canada suspended trade talks and promised dollar-for-dollar retaliation after the United States imposed 50% tariffs on a range of Canadian goods, according to the BBC, Al Jazeera and Guardian. Prime Minister Mark Carney said Canada had been attacked, while President Donald Trump accused Ottawa of seeking the benefits of US statehood.
Shein plans to debut on the Hong Kong stock exchange on September 1 and raise as much as $1.8 billion at a $27 billion valuation, according to CNBC and a Bloomberg filing report relayed by Techmeme. The proposed value is far below the fast-fashion company’s $100 billion valuation in 2022.
Alibaba shares dropped 10% after the Chinese technology group priced a $10.2 billion share placement to fund its growing artificial-intelligence investments, according to CNBC and the Financial Times. The issuance follows strong interest in its Qwen 3.8-Max model. The available feeds did not state the placement’s expected closing date.
The England and Wales Cricket Board is investigating after video appeared to show England fast bowler Brydon Carse in handcuffs outside a Derby nightclub, according to the Guardian, BBC, ESPNcricinfo and Yahoo Sports. Carse was released without charge after the incident, which occurred while Durham players were celebrating a victory.
A human-caused wildfire near Reno, Nevada, expanded beyond 15,000 acres and forced tens of thousands of people to evacuate, according to Al Jazeera, the Guardian and France 24. Reported evacuation totals varied from about 14,000 to 42,000 as conditions changed. Authorities declared an emergency and warned that homes remained at risk.
Apple is reorganising parts of its retail stores this fall to accommodate new home products, according to Bloomberg reporting cited by MacRumors and 9to5Mac. Refreshed HomePod mini and Apple TV 4K models are expected, while the scale of the store changes suggests another home-device launch may also be planned.
Thames Water creditors plan to replace members of the utility’s board if the company avoids nationalisation and comes under their ownership, the Financial Times reported. The proposed leadership change is intended to reassure the British government. The available feed did not identify directors targeted or describe the utility’s final restructuring terms.
Japan’s Miyu Yamashita matched the LPGA Tour’s 72-hole scoring record while completing a wire-to-wire, nine-stroke victory at the CPKC Women’s Open in Canada, according to the BBC, Sky Sports, ESPN and Yahoo Sports. The dominant win added another major result for the rising star and tied one of the tour’s leading benchmarks.
A huge waste mound collapsed after heavy overnight rain in Conakry, Guinea, killing 30 people and burying nearby homes, according to the government and reports from the BBC, Al Jazeera and Guardian. A minister had recently promised to move the dump. The feeds did not say how many people remained missing or displaced.
US corporate spending on equipment and facilities is projected to rise 40% between 2021 and 2027, more than three times Europe’s pace, according to Oxford Economics data cited by the Financial Times and relayed by Techmeme. The AI race is identified as a key driver of American high-technology investment.