China’s Once-Richest Person Loses $14 Billion As Temu Parent Company Falls Almost 30% – The founder and former chairman of Chinese e-commerce firm PDD Holdings Colin Huang, who rose to become the richest person in China earlier this month, saw his net worth fall by roughly $14 billion on Monday as the company’s stock fell almost 30% following disappointing second quarter revenues. [forbes]
Home Loan Crackdown In South Africa – South Africa intends to compel banks to disclose more information about their mortgage-lending practices to boost access to home loans among previously disadvantaged citizens, Human Settlements Minister Mmamoloko Kubayi said. [businesstech]
‘We Can Fight The Gangsters,’ National Police Commissioner Tells Cape Town Stakeholders – National police commissioner General Fannie Masemola says the police have to close the net on gangsters operating on the Cape Flats. [news24]
Trump’s New Indictment Rocks His Newly Reshaped Race Against Kamala Harris – Special counsel Jack Smith defiantly re-injected the question of Donald Trump’s bid to steal the 2020 election into the intensifying end game of this year’s White House race. [cnn]
Osaka Wins On Emotional US Open Return – An emotional Naomi Osaka made a triumphant US Open return by beating Jelena Ostapenko in a blockbuster first-round match. [bbcsport]
Paris Paralympics 2024: Everything You Should Know About The Games – Eleven days of elite competition across 22 sports. With no fewer than 549 medals at stake, 4,400 athletes will be taking part from 128 different nations, each of them with a physical or cognitive disability. [guardian]
