London, United Kingdom. The International Chamber of Shipping has renewed its call for toll-free and unrestricted passage through the Strait of Hormuz, while Temu contested preliminary European Commission findings and Eurobank S.A. reported a €2.46 million share buyback.
ICS discusses maritime security with Bahrain
Cypriot shipping executive and International Chamber of Shipping Secretary General Thomas Kazakos met Bahrain’s Foreign Minister Abdullatif bin Rashid Al Zayani at the kingdom’s embassy in London last week.
The discussions focused on the continuing conflict, maritime security and the protection of seafarers.
ICS said it was vital to support freedom of navigation as the foundation of international maritime governance. It said that no tolls should be imposed amid the continuing conflict in the Strait of Hormuz and the surrounding region.
The organisation said the position forms part of its campaign with members to emphasise the importance of freedom of navigation and a toll-free Strait of Hormuz.
Temu disputes Commission’s preliminary conclusions
Temu denied receiving foreign subsidies that gave it an unfair advantage in Europe after the European Commission accused the online retailer of failing to cooperate fully during an inspection at its European headquarters.
The Commission sent a Statement of Grounds to Temu parent company PDD Holdings and subsidiary WhaleCo Technology Limited following an unannounced inspection at WhaleCo’s Dublin premises between December 2 and 5, 2025.
The document does not constitute a finding that Temu received subsidies or distorted competition. It concerns the company’s conduct during the inspection, while the underlying subsidy investigation continues separately.
Temu said it disagreed with the Commission’s preliminary conclusions, maintained that it had cooperated fully and responded to every request from investigators, and said it would submit a formal response after examining the document.
Eurobank reports €2.46 million share buyback
Greek lender Eurobank S.A. said it repurchased €2.46 million worth of its shares between July 27 and July 31, 2026, under its ongoing capital management programme.
The bank announced on August 3, 2026, that it bought back 556,717 own shares traded on the Euronext Athens exchange during the five-day period.
