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Manus on markets: Donald Trump throws a new tariff curveball

Manus on markets: Donald Trump throws a new tariff curveball

The National2 days ago
UK
Innovator Founder Visa is aimed at those who can demonstrate relevant experience in business and sufficient investment funds to set up and scale up a new business in the UK. It offers permanent residence after three years.
Germany
Investing or establishing a business in Germany offers you a residence permit, which eventually leads to citizenship. The investment must meet an economic need and you have to have lived in Germany for five years to become a citizen.
Italy
The scheme is designed for foreign investors committed to making a significant contribution to the economy. Requires a minimum investment of €250,000 which can rise to €2 million.
Switzerland
Residence Programme offers residence to applicants and their families through economic contributions. The applicant must agree to pay an annual lump sum in tax.
Canada
Start-Up Visa Programme allows foreign entrepreneurs the opportunity to create a business in Canada and apply for permanent residence.
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Shein files for Hong Kong IPO to save London listing
Shein files for Hong Kong IPO to save London listing

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Shein files for Hong Kong IPO to save London listing

China-founded fast-fashion retailer Shein has filed for an IPO in Hong Kong to accelerate the listing process and pressure Britain's regulators to approve its planned London debut, the Financial Times reported on Tuesday. The company privately filed a draft prospectus last week with Hong Kong's exchange and sought a regulatory nod from the China Securities Regulatory Commission, the report said, citing people familiar with the matter. Reuters could not immediately verify the report. Shein did not immediately respond to a Reuters request for comment. Both the UK Financial Conduct Authority and the Hong Kong Stock Exchange declined to comment on the matter. Shein filed for a Hong Kong listing partly to pressure the UK regulator into easing its risk disclosure rules and to keep alive what could be London's biggest IPO in years, the FT report added. Reuters first reported in June that Shein was planning to file a draft prospectus confidentially for its Hong Kong listing, citing three sources with knowledge of the matter. Reuters also reported in May, citing sources, that Shein was working towards a listing in Hong Kong after its proposed London IPO failed to secure the green light from Chinese regulators. If UK's Financial Conduct Authority is willing to accept a China Securities Regulatory Commission-approved prospectus, London would still be Shein's preferred exchange, the FT report said.

Bahrain EDB draws over $250mln in investments from UK
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Bahrain EDB draws over $250mln in investments from UK

The Bahrain Economic Development Board (Bahrain EDB) has attracted over $250 million in investments from United Kingdom-based companies in the past three years (2022-2024) spanning across key sectors including financial services, ICT, education and tourism. This milestone achievement underscores Bahrain's growing appeal as a strategic investment destination and highlights the strengthening economic ties between Bahrain and the United Kingdom, it stated. The announcement was made during a high-level EDB delegation visit to the UK led by Noor bint Ali Alkhulaif, Minister of Sustainable Development and Chief Executive of Bahrain EDB, where they showcased Bahrain's investment opportunities to British businesses and investors. The trip included senior officials from the kingdom's investment promotion agency, engaging in meetings with potential investors and participating in curated events focused on trends in manufacturing, and logistics. Speqking at the meeting, Ali Alkhulaif said Bahrain has long cultivated strong global partnerships, with a focus on economic cooperation and trade. "The inclusion of UK in the Comprehensive Security Integration and Prosperity Agreement, along with the recent signing of the Strategic Investment and Collaboration Partnership (SIP2) with Bahrain in June, will support economic growth and job creation in both countries marking a significant milestone—deepening our collaboration across security, economic integration, and technological innovation," she stated. Bahrain, she stated, remains a trusted gateway for UK companies seeking growth in the Middle East, backed by a business-friendly environment, agile regulation, and high-growth sectors. "The increased confidence from UK investors is a testament to our enduring partnership, and we look forward to building on this momentum," she added. During the visit, the Bahrain EDB, in collaboration with the Financial Times, will curate two panel discussions about 'Shaping the Next Generation of Manufacturing and Logistics Hubs'. Both sessions will explore global shifts in tariffs, supply chains, technology, and sustainability, emphasising how companies are re-evaluating and relocating manufacturing and logistics hubs to optimise resources and market responsiveness. Bahrain's longstanding relationship with the UK continues to deepen across multiple priority sectors. The two nations recently signed a second SIP2 involving over £2 billion in investment from the Bahraini private sector, targeting carbon reduction and sustainable development projects. Bilateral non-oil trade saw a significant growth of 45% in 2024, reaching $645 million compared to $443 million in 2023. Prominent UK companies operating in Bahrain include Standard Chartered, HSBC, Howden, Deloitte, Ernst & Young, Reckitt Benckiser, PwC, the University of Strathclyde, and Conexus Resources Group.-TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (

South Africa: Spaza Shop Support Fund campaign goes to Mpumalanga
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