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☆ Fast-fashion behemoth Shein is preparing for an IPO. Here's an inside look at the challenges it could face.
▼ + stars: | 2024-05-30 | by ( Tasmin Lockwood | Riddhi Kanetkar | ) www.businessinsider.com time to read: +11 min

Its peak $100 billion valuation once made it the world's third largest privately-held company, behind TikTok owner Bytedance and Elon Musk's SpaceX. Estimates have pegged Shein's IPO valuation at around $90 billion, Bloomberg reported last year. AdvertisementTo gauge what happens to some Shein items once they're returned, BI reporters in the UK put two AirTag trackers on Shein garments and sent them back. Shein is more directly involved in production and focuses on clothes, but Temu's popularity "could affect the valuation," Swartz said. In a November statement following the news of Shein's IPO, chairman Mike Gallagher urged investors and banks underwriting the move to "carefully examine Shein's regulatory and compliance programs."

Persons: —, Bytedance, Sky Xu, Yangtian Xu, Chris, Shein, confidentially, David Swartz, Swartz, Lululemon, JADE GAO, Stephanie Benedetto, Queen, Benedetto, they're, Shein's, Morningstar's Swartz, Temu, Mike Gallagher Organizations: Service, Elon, SpaceX, Business, Reuters, Authentic Brands, Wall Street, CNBC, Bloomberg, Morningstar, Zurich Insurance Group, Guardian, BI, Coventry Airport, SEC, Street, Financial Times, London Stock Exchange, Chinese Communist Party, Nike, Adidas Locations: China, —, Singapore, Sequoia China, London , Hong Kong, York, London, Canary Wharf, Coventry, Walsall, Northern Ireland, England, Kent, Washington, Xinjiang, Dublin, Shein

☆ Factbox-What Are the Contentious Events Behind India's New Ram Temple?
▼ + stars: | 2024-01-20 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +3 min

(Reuters) - Indian Prime Minister Narendra Modi will lead a ceremony on Monday to consecrate a grand new temple to the Hindu god-king Ram, delivering on a campaign promise his political party made more than three decades ago. Legal battles ended in 2019 with the Supreme Court deciding to allow a Hindu temple to be built there, on condition that Muslims received another plot to build a mosque. In Dec. 1949, authorities seized the mosque after Hindu activists placed idols of Ram inside the disputed structure. Hindu and Muslim groups tried unsuccessfully to resolve the dispute through talks, before Modi's Hindu nationalist Bharatiya Janata Party (BJP) launched a nationwide campaign in 1990 to build the temple. He rode to the office of prime minister in 2014 on a Hindu nationalist platform that included the promise to build the temple.

Persons: Narendra Modi, Ram, Modi, Modi's, Nripendra Misra, Lord Vishnu, Babur, India's, Lal Krishna Advani, Krishn Kaushik, Krishna Das, YP Rajesh, Clarence Fernandez Organizations: Reuters, Indian, Bharatiya Janata Party, BJP, YP Locations: India, Ayodhya, Uttar Pradesh, New Delhi, Gujarat

☆ I moved from New York to Taiwan for work. I had to take a pay cut to my $40,000 salary — but I have no regrets.
▼ + stars: | 2023-11-15 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +5 min

Alex Teachey is a New Yorker who moved to Taiwan in 2020. AdvertisementThis as-told-to essay is based on a conversation with Alex Teachey, a 38-year-old astronomer and New Yorker who moved to Taiwan in 2020. I landed my current job as a postdoctoral fellow at the Academia Sinica in Taipei, Taiwan, that same year. It's in a neighborhood that I love, in New Taipei City, the enormous donut that sprawls around the center of Taipei. I live a 20-minute bike ride from my office — I never could have have afforded anything remotely similar if I'd stayed in New York City.

Persons: Alex Teachey, —, I'd, New York Alex Teachey, it'd, I've, — it's, we're Organizations: New Yorker, Service, Yorker, New York University, Columbia University, Academia Sinica, Tap, Google, Taiwan's Locations: New, Taiwan, New York, Taipei, Here's, Tap Taipei, York City, New York City, Yonghe, New Taipei City, Qingshui Cliff, Hualien

NEW YORK (AP) — An accountant who prepared Donald Trump's financial statements was back on the witness stand for a fourth day Thursday in the New York civil fraud trial examining whether the former president exaggerated his wealth. The business fraud trial stems from New York Attorney General Letitia James' lawsuit alleging that Trump and his business ginned up financial statements that vastly overvalued Trump Tower, Mar-a-Lago and other assets. James is seeking $250 million in penalties and a ban on Trump doing business in New York. The witnesses so far have been two accountants who worked on the financial statements, which went to banks, insurers and others. The defense has been trying to show that if there were problems with the financial statements, the flubs were accountant Donald Bender's fault.

Persons: Donald Trump's, Trump, didn't, Letitia James, James, He's, Donald Bender's, Jesus M, Suarez, Bender, Judge Arthur Engoron, Engoron, Barbara Jones, Jones Organizations: New York, Trump, Democrat, Republican, Trump Organization Locations: New York, —, New, Mar, Sisak, x.com

☆ Pegatron India fire traced to workers' failure to turn off switch -sources
▼ + stars: | 2023-09-27 | by ( Praveen Paramasivam | ) www.reuters.com time to read: +4 min

People are seen outside the main gate of the Pegatron facility following a fire incident at the facility near Chennai, India, September 26, 2023. A senior Tamil Nadu government source, and another industry source briefed on the matter, detailed how Sunday's events unfolded. One smartphone industry source with direct knowledge said the charging racks at the Pegatron plant are typically switched off after three Saturday shifts end early on Sundays. The fire damaged some machines, said the government source and another source with direct knowledge, who spoke on condition of anonymity. About 8,000 people work on the assembly line at the Pegatron facility, which sprawls across 39,000 sq.

Persons: Praveen, Pegatron, Praveen Paramasivam, Munsif, Faith Hung, Ben Blanchard, Aditya Kalra, Clarence Fernandez Organizations: REUTERS, Sunday, Reuters, Apple, Tamil, Firemen, Thomson Locations: Chennai, India, Tamil Nadu, Taiwan, Chengalpattu, Bengaluru, Taipei

SAVANNAH, Ga. (AP) — A U.S. agency said Friday it will nominate the vast, federally protected wildlife refuge in the Okefenokee Swamp for listing as a UNESCO World Heritage site. The Okefenokee refuge covers more than 90% of the swamp and is the largest national wildlife refuge east of the Mississippi River. Designation as a World Heritage site wouldn't impose any added restrictions or regulations for the Okefenokee. Ossoff said a World Heritage site designation would have both environmental and economic benefits for the Okefenokee and surrounding Georgia communities. Conservationists sounded doubtful that the World Heritage site nomination would directly affect the decisions of Georgia regulators.

Persons: Kim Bednarek, ”, Elise Bennett, It’s, Buddy Carter, Democratic Sen, Jon Ossoff, Ossoff, Deb Haaland, “ They’re, Ben Prater, Bednarek Organizations: —, UNESCO, National Park Service, U.S, of Liberty, UNESCO's World, U.S . Fish, Wildlife Service, Center for Biological Diversity, Fish and Wildlife Service, Republican, Democratic, U.S . Interior Department, Twin Pines Minerals, of Wildlife Locations: SAVANNAH, Ga, U.S, Washington, Georgia, Florida, blackwater, Yellowstone, Yosemite, ”, Arizona, of, Ohio, Mississippi, Caribbean, Twin Pines

WEST CHESTER, Pa. (AP) — Police on Saturday reported two more confirmed sightings of an escaped murderer on the run for more than a week in southeast Pennsylvania amid a search by hundreds of law enforcement officers. Danelo Souza Cavalcante, 34, escaped from the Chester County Prison while awaiting transfer to state prison on Aug. 31 after being sentenced to life for fatally stabbing his ex-girlfriend in 2021. Prosecutors say he wanted to stop her from telling police that he’s wanted in a killing in his home country of Brazil. Authorities believe Cavalcante, spotted almost a dozen times since his escape, has managed to obtain clothing and other supplies. There’s now a $20,000 reward for information leading to the capture of Cavalcante, whose escape has attracted international attention and became big news in Brazil.

Persons: Danelo Souza Cavalcante, he’s, George Bivens, Michelle Bjork, There’s, Cavalcante, Danilo Souza Cavalcante, Válter Júnior Moreira dos Reis Organizations: WEST CHESTER, — Police, Prosecutors, Authorities, Pennsylvania, Police, ”, Friday, ” Authorities Locations: Pa, Pennsylvania, Chester, Brazil, Longwood, East Marlborough Township, Philadelphia, Kennett, Rio de Janeiro, Tocantins, Figueirópolis

☆ A Local’s Guide to Majorca
▼ + stars: | 2023-08-25 | by ( Gisela Williams | Richard Pedaline | ) www.nytimes.com time to read: +3 min

T’s new monthly travel series, Flocking To, highlights places you might already have on your wish list, sharing tips from frequent visitors and locals alike. Majorca, the largest of Spain’s Balearic Islands, has been a classic summer destination for Europeans and Brits for decades. In the last few years, a number of artists and designers have left larger cities in Europe and moved to Majorca. For the first installment of our series of Flocking To travel guides, we asked four locals or frequent visitors to Majorca to share the places they love most. One word of advice for first-time visitors: Majorca sprawls across roughly 1,400 square miles (it’s about the size of Long Island), so if you’re planning on exploring, you might want to rent a car.

Persons: helipads, Frédéric Chopin, George Sand, Robert Graves, Laura Riding, Deià —, Gertrude Stein —, Joan Miró, Miquel Barceló, ikat Locations: Majorca, Balearic, Polish, French, Valldemossa, British, American, Deià, Barcelona, Palma ., Asia, Europe, Sóller, Palma’s Old, Long

☆ China's northeast inundated in Doksuri's wake
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +2 min

People ride a boat through a flooded road after the rains and floods brought by remnants of Typhoon Doksuri, in Zhuozhou, Hebei province, China August 3, 2023. Bridges have collapsed and roads were damaged across the city, state media reported. Rainfall this past week broke many records in Beijing and northern China, with the vast Haihe river basin hit with its worst flooding since 1963. Floodwaters could take up to a month to recede in Hebei province, a water resources department official told state media. Zhuozhou southwest of Beijing is the hardest hit city in Hebei province, with about 100,000 people - a sixth of its population - evacuated.

Persons: Doksuri, Tingshu Wang, Typhoon Doksuri, David Kirton, Tom Hogue Organizations: REUTERS, China News Service, Thomson Locations: Zhuozhou, Hebei province, China, SHENZHEN, Shulan, Jilin, State, Beijing, China's Heilongjiang

☆ A Story of Arab Loss Comes to Life at a Kibbutz in Israel
▼ + stars: | 2023-07-22 | by ( Isabel Kershner | More About Isabel Kershner | ) www.nytimes.com time to read: +1 min

In 1946, at 16, she gave birth to Walid, Mr. Abu Shakra’s elder brother. As fighting raged in 1948 between Arab armies, Palestinian irregulars and Zionist forces, Mariam and her family fled to a Palestinian farming village, Umm al-Fahem. Today, that village has become a working-class city that sprawls across the hills a few miles west of the Jezreel Valley. His art inspired other family members to follow in his footsteps. His younger brother Said embraced video art — his installation with his mother sharing fading memories is one of the centerpieces of the Ein Harod retrospective.

Persons: Walid, Abu Shakra’s, Mariam, Said, Ein Locations: Umm, Jezreel, Walid, Tel Aviv, Hadera, Umm al

☆ My husband and I quit our jobs and bought a 500-year-old hamlet in the French countryside. Here's how we transformed it into a successful rental business and our dream home.
▼ + stars: | 2023-07-13 | by ( Gia Mora | ) www.businessinsider.com time to read: +8 min

Liz and Dave Murphy left their 9-to-5 jobs and traded their city home for a 17th-century hamlet. My husband, Dave, and I traded our detached house in Manchester for a 17th-century village in the French countryside in pursuit of a better quality of life. We both had 9-to-5 jobs in copywriting and marketing, and life had become a mad rush of food, baths, and bedtime. We split the cost of the hamlet with my mom and her husband, who were joining us. We renovated 2 buildings while running the businessOur family moved into the biggest gîte, while Mom and Terry took the old owner's home.

Persons: Liz, Dave Murphy, Liz Murphy's, Liz Murphy, Dave, COVID, we'd, Tom, Liz Murphy We'd, Helen, Terry, We'd, it's, There's, Liz Murphy Dave, we've, We've Organizations: Service, Charlotte Locations: Wall, Silicon, Lac de Maison, Manchester, France, de Maison, Poitou, Charentes, England

☆ Lost ancient Mayan city discovered in the dense, remote jungle of Mexico by archaeologists
▼ + stars: | 2023-06-25 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Archaeologists have discovered the remains of an ancient Mayan city in Mexico. The lead researcher said that it must have been an important site between 250 AD and 1000 AD. The previously unknown village was discovered in the Yucatán Peninsula by a team from the Archeology Council of the National Institute of Anthropology and History. The site sprawls has several pyramid-like structures measuring around 50 feet in height, Mexico's National Institute of Anthropology and History said. Sprajc said that the site most likely underwent changes between 800 and 1000 AD and then experienced the collapse of the Lowland Maya civilization in the 10th century.

Persons: sprawls, —, Ivan Sprajc, Ṡprajc, Sprajc Organizations: Service, Archeology, National Institute of Anthropology, Mexico's National Institute for Anthropology, University of Houston Locations: Mexico, Central, Campeche, Lowland, Guatemala, Belize

☆ What’s a President to Do When a Nation’s Capital Is Sinking? Move It.
▼ + stars: | 2023-05-16 | by ( Hannah Beech | ) www.nytimes.com time to read: +38 min

A new capital city for a place with such disparities and diversity presents both a challenge and a chance for reinvention. Moving the Seat of Power From Java to Borneo Detail area Malaysia Nusantara Borneo Java Sea Indonesia Jakarta Java Indian Ocean Detail area Malaysia Nusantara Borneo Java Sea Indonesia Jakarta Java Indian Ocean Indonesia’s new capital, Nusantara, will be about 800 miles from the current capital, Jakarta. It cannot be overnight, it’s not like Aladdin comes with his genie,” said Bambang Susantono, the head of the Nusantara Capital City Authority. We have to prove that this will be a self-propelling city.” — Bambang Susantono, head of the Nusantara Capital City AuthorityCritics of I.K.N. Indonesia’s capital city faces sinking land and rising seas.

Inspectors from the United Nations’ nuclear agency visited the Zaporizhzhia nuclear-power plant last year. Photo: Yuri Kochetkov/ShutterstockThe United Nations atomic energy agency is racing to prevent Russia’s war in Ukraine from endangering the Zaporizhzhia nuclear plant, Europe’s largest, as fighting nearby intensifies. Artillery fire and explosions now ring out nearly every day at the six-reactor plant that sprawls near an active front line and is occupied by Russian security agents.

☆ Inside Qatar’s ‘city of the future’
▼ + stars: | 2023-04-24 | by ( Ulrike Lemmin-Woolfrey | ) edition.cnn.com time to read: +8 min

Like others, it has moved from the capital Doha to this, Qatar’s newest city – 10 miles north. Andrej Isakovic/AFP/Getty ImagesLusail claims to be Qatar’s first sustainable city – no easy task for a newbuild in the desert. There’s an extensive choice from food trucks at the Lusail Marina Food Arena, abundant cafes, and fine dining restaurants.”A sprawling city of the futureThe Marina area is fast proving a hit for residents. Al Tara – the district, by Al Maha Island, where Warner lives – is home to the Lusail Marina. There is a rumor – as yet unsubstantiated – that Lusail might eventually become Qatar’s capital city.

They said two in five people seeking food assistance in the Atlanta region this year have not done so before. In central Ohio, the local food bank says the number of households seeking aid has increased by nearly half since last year. Craig Gundersen, a Baylor University economics professor who is a prominent researcher for Feeding America, said that food banks experiencing spikes above COVID levels are outliers. The Highland Food Pantry in Winchester, Virginia, said it served about 90 families a week during the pandemic. In early April, White visited a community center to donate old clothes and noticed a line for the food pantry.

☆ "There's more opportunity now than in the last 10 years": A real estate investor with a 178-unit portfolio shares why it's crucial to get in within the next 6 months — and offers his 4 best pieces of
▼ + stars: | 2022-11-20 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +8 min

Ahmed Seirafi is a real estate investor with over 20 years of experience and a 178-unit portfolio. Shortly thereafter, he began to pursue real estate investing full time. Now's the time to begin investing in real estateFor those interested in real estate investing, Seirafi believes that it's crucial to start sooner rather than later. But with more opportunities for real estate investors comes more potential pitfalls. "There's a million different ways of making money in real estate — there really is, and everybody makes money in real estate when they focus and stick to a lane," he said, explaining that this is the reason he's offloading his office retail buildings in favor of more multifamily and industrial developments.

☆ Here's what critics are saying about Marvel's 'Black Panther: Wakanda Forever'
▼ + stars: | 2022-11-11 | by ( Sarah Whitten | ) www.cnbc.com time to read: +6 min

Danai Gurira and Letitia Wright star as Okoye and Shuri in Marvel Studio's "Black Panther: Wakanda Forever." DisneyIt's impossible to replace the irreplaceable, but that was Ryan Coogler's task as the director and co-writer of Disney's latest Marvel Cinematic Universe film, "Black Panther: Wakanda Forever." Here's what some critics thought of "Black Panther: Wakanda Forever" ahead of its Friday debut:Kristy Puchko, MashablePuchko says the film, while action-packed, is at its core about how people handle loss differently. Still from Marvel Studio's "Black Panther: Wakanda Forever." Winston Duke stars as M'Baku in Marvel Studio's "Black Panther: Wakanda Forever."

☆ ABCs not LGBTs: Battles over race, gender inflame Texas school board vote
▼ + stars: | 2022-10-22 | by ( James Oliphant | ) www.reuters.com time to read: +9 min

ROUND ROCK, Texas, Oct 22 - At traffic-choked intersections in this Texas town, a blunt campaign slogan stands out from clusters of candidate signs: “Teach ABCs + 123s, Not CRTs & LGBTs." Blood-sport politics have come to school board elections in Round Rock, a rapidly growing and diversifying suburb of Austin. Zimmerman is running against incumbent Tiffanie Harrison, a progressive and the first Black woman elected to the Round Rock school board. Ryan Girdusky, who founded the 1776 Project, estimated about 70% of his school board candidates have won in elections held so far this year. FOLLOW THE MONEYIn school board races where name recognition may be the largest factor, a few thousand dollars can make a difference.

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