Billionaire exodus? California drew 10 times more venture capital than any other state this year

Billionaire exodus? California drew 10 times more venture capital than any other state this year

Despite concerns that California’s costs and regulations are bad for business, the state has attracted an unprecedented pile of capital this year, and no other state is even close. The Golden State’s deep pool of talent, rich investors and other tech infrastructure have made it ground zero for the artificial intelligence explosion. That has helped…

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Shein is said to move ahead with preparations for Hong Kong IPO

Shein is said to move ahead with preparations for Hong Kong IPO

It may seek to launch the offering as soon as in the coming months, if regulatory approval is secured Published Fri, Jul 10, 2026 · 05:47 PM [HONG KONG] Shein is moving ahead with preparatory work for a possible Hong Kong initial public offering, people familiar with the matter said, potentially capping a years-long effort…

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Shein wins Chinese approval for Hong Kong IPO

Shein is said to move ahead with preparations for Hong Kong IPO

Published Fri, Jul 10, 2026 · 05:47 PM [HONG KONG] China approved fast-fashion retailer Shein’s long-awaited Hong Kong IPO on Friday (Jul 10), a notice posted on the China Securities Regulatory Commission (CSRC) website showed, clearing the way for a listing that failed in New York and London. A spokesperson for Shein did not immediately…

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How social enterprises can play a crucial role in mining of critical minerals

How social enterprises can play a crucial role in mining of critical minerals

Traceability and responsible sourcing, local economic development are among the benefits [SINGAPORE] Mobile phones and other consumer gadgets are everywhere in today’s society, with most of them continuing to evolve with the rise of energy-hungry artificial intelligence. Adding to electricity demand are electric vehicles (EVs), which mostly use lithium-ion batteries. While wind turbines and solar…

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Australian shares snap four-day decline as miners, banks rise

Australian shares snap four-day decline as miners, banks rise

Published Fri, Jul 10, 2026 · 04:11 PM [SYDNEY] Australian shares snapped a four-day losing streak on Friday (Jul 10) after an upbeat session on Wall Street, even as a re-escalation in the Middle East conflict raised supply concerns. The benchmark S&P/ASX 200 index ended 0.5 per cent higher at 8,806.00 points. The benchmark lost…

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Labour faction blocks Volkswagen rescue plan: sources

Labour faction blocks Volkswagen rescue plan: sources

Amid mounting competition, CEO Oliver Blume is fighting to make the automotive group leaner Published Fri, Jul 10, 2026 · 03:41 PM — Updated Fri, Jul 10, 2026 · 06:11 PM [BERLIN] Volkswagen’s powerful labour representatives have blocked a sweeping restructuring, company sources said on Friday (Jul 10), as Europe’s largest automaker contends with multiple…

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Dacby Sees a ‘GameStop Moment’ for Refurbished Electronics in India

Dacby Sees a ‘GameStop Moment’ for Refurbished Electronics in India

India’s refurbished electronics market may be headed for its own “GameStop-style” narrative shift, according to Dacby Founder and CEO Ayush Chauhan, who believes consumers will increasingly embrace certified pre-owned gadgets as a conscious lifestyle choice rather than merely a way to save money. The company, which began with gaming consoles, has since expanded into cameras,…

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