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August 8, 2025

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Day: July 31, 2025

Sources: Shein’s net income rose to over $400M, revenue rose to ~$10B in Q1, driving profit margins to ~5%, driven by consumer purchases ahead of US tariffs (Bloomberg)

Bloomberg:
Sources: Shein’s net income rose to over $400M, revenue rose to ~$10B in Q1, driving profit margins to ~5%, driven by consumer purchases ahead of US tariffs  —  Shein Group Ltd.’s net income rose to over $400 million and re…

July 31, 2025
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New Saudi labour rule: Workers now have 60 day window to re-sign, transfer jobs, or exit country

Saudi Arabia’s Qiwa platform now mandates a 60-day grace period before an employee is marked “absent from work.” This allows disconnected workers to re-contract, transfer sponsorships, or exit the country. Failure to act within this window results in a…

July 31, 2025
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‘Situation in Gaza utterly deplorable’: Swedish PM urges EU to suspend trade ties with Israel; calls for unrestricted humanitarian aid

Sweden has urged the European Union to suspend its trade agreement with Israel, citing the dire humanitarian situation in Gaza and Israel’s failure to meet its obligations regarding aid. Prime Minister Ulf Kristersson emphasized the need for unrestrict…

July 31, 2025
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WATCH: Rescue efforts in Kyiv after Russian missile strikes kill six

A combined missile and drone attack by Russia on Kyiv overnight killed at least six people, including a six-year-old boy, and injured more than 80, Ukrainian officials said.

July 31, 2025
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Brazil closes in on building own ship recycling industry

Legislation aims to align Brazil with EU and IMO recycling rules

July 31, 2025
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Airbnb scraps 65,000 listings as Spain flags 55,000 more

Airbnb has taken down 65,000 listings as promised just as the Spanish government flagged a further 55,000 tourist lets which have not been properly registered, meaning thousands more could soon be deleted from the platform.

July 31, 2025
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FunkSec Ransomware Victims Can Now Recover Files with Free Decryptor

Avast researchers shared a step-by-step guide to decrypt files for victims of FunkSec ransomware

July 31, 2025
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China Floods Kill 44, Officials Admit Lack Of Preparedness

Beijing city officials admitted on Thursday they had not been prepared for heavy rains that soaked swathes of the capital, killing 44 people and leaving nine still missing.

July 31, 2025
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CVS Health hikes 2025 forecast again, boosted by insurance, pharmacy businesses

CVS Health topped Wall Street expectations for the second quarter and it’s hiking its full-year forecast again, as the health care giant continued to rally under new management from a forgettable 2024.

July 31, 2025
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Trump ups the ante in India trade talks with 25% tariff threat

In a bid to extract concessions from New Delhi in months-long trade talks, Donald Trump announced that he will impose 25 percent tariffs on Indian exports to the US starting August 1. He also threatened to penalise India for its purchases of Russian o…

July 31, 2025
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