US independent senator Bernie Sanders rebuked President Trump’s proposal to rename the Strait of Hormuz “Trump Strait,” calling it a distraction from an illegal US war in Iran that, he said, has pushed diesel to $5.69/gal and gasoline to $4.12/gal and urging an end to the conflict.

People familiar with the matter said ByteDance has secured a $29.6 billion loan, the second-largest loan in Asia so far this year.

Shanghai logged its sixth consecutive month above 20,000 resale transactions in August, with 20,700 second‑hand homes sold, up 18% YoY, the Shanghai Municipal Housing Authority said. The seasonal uptick into September could accelerate the recovery. Market participants report some buyers probing price increases while others are swapping into homes priced above 10m yuan beyond the Outer Ring; activity held up despite heavy summer rain and typhoon disruptions.