Business News from Monday, August 24th, 2026

US President Donald Trump sought to boost pressure on Canada on Monday, warning that tariffs on all cars, trucks and automotive parts from the country would be increased to 50 per cent starting January 1 after trade talks collapsed over the weekend.

Dubai’s Parkin is teaming up with Bahrain Car Parks Company (Amakin) to explore smarter and more connected parking services across the GCC.

The Dubai Chamber of Commerce has registered 7,579 new Indian companies in the first half of 2026.

Shein aims to raise up to $1.8 billion in a Hong Kong IPO that values the fast-fashion retailer roughly 70 per cent below its private-market peak four years ago, with a slower growth outlook set to weigh on investor demand.