• <a href="Business" target="_blank" rel="noopener noreferrer" class="tp-feedurl" title="" >https://www.theguardian.com/business/live/2026/aug/24/canadian-dollar-dips-us-canada-talks-collapse-trade-war-oil-prices-fall-us-sanctions-on-iran-live-updates">Business live – latest updates

Shein, which built a fast-fashion empire on <a href="what" target="_blank" rel="noopener noreferrer" class="tp-feedurl" title="" >https://www.theguardian.com/fashion/2024/apr/16/super-cute-please-like-the-unstoppable-rise-of-shein">what seemed like impossibly low prices, has been forced to lower its own valuation in a cut-price stock market float, after falling into the red earlier this year.

The online retailer will list on the Hong Kong stock exchange on 1 September at a valuation of close to $27bn (£19.8bn), significantly down from a near-$100bn private market peak four years ago.

Iran’s currency has weakened to an all-time low against the dollar amid US efforts to cripple the country’s economy after almost six months of war.

US Treasury secretary Scott Bessent is due to announce new US sanctions against Iran at a press conference scheduled for 6pm London time.

At dawn begins an economic D-Day — the single greatest financial offensive ever marshalled against an adversary.

Our objective is to sever every economic lifeline that sustains the tyrannical regime until Tehran stands alone.

The government has promised that business rate valuations will be “made fairer” for pubs and hotels in England and Wales, as <a href="Andy" target="_blank" rel="noopener noreferrer" class="tp-feedurl" title="" >https://www.theguardian.com/politics/andyburnham">Andy Burnham faces growing calls to help the UK’s struggling hospitality sector.

An independent review for <a href="England" target="_blank" rel="noopener noreferrer" class="tp-feedurl" title="" >https://www.theguardian.com/uk-news/england">England and Wales will look at improving the system for hospitality venues, which were hit by higher business rate bills this year after the end of pandemic-era relief and when new revaluations took effect.

• <a href="Burnham" target="_blank" rel="noopener noreferrer" class="tp-feedurl" title="" >https://www.theguardian.com/politics/2026/aug/24/andy-burnham-ukraine-long-range-missile-technology-kyiv-visit">Burnham visits Ukraine with promise of boost for Kyiv’s long-range missiles

Later today, Burnham will co-chair his first meeting of the Coalition of the Willing – alongside France’s Emmanuel Macron and Germany’s Friedrich Merz – which will be held in a hybrid format, with some leaders dialling in from their capitals.

I will keep an eye on this for you.