1. Last year, the closure rate of physical cosmetics stores in South Korea reached 28.8%, ranking first in the retail industry. Among them, Mingshang, Nature Paradise, Magic Forest and other brand franchise stores have been reduced by more than 100. These enterprises change direction to find a way to survive. ABLEC&C, the parent company of the Mingshang brand, announced its entry into the catering industry, Colleo announced its entry into the functional health food market, and Magic Forest even announced its entry into the pet food market.

2.The 7-11 convenience store will provide door-to-door delivery across Japan and is scheduled to be available by 2025. Japan’s domestic convenience store market turned negative for the first time in 2020. Qihe Iraq Holdings will compete against Amazon with door-to-door delivery services combining the Internet and physical stores, and the competition in the retail industry will enter a new stage.

 3. Legislative and Judicial Committee of the South Korean Parliament: it is expected to approve an amendment to the telecom commerce law, known as the Anti-Google Law, banning App store operators such as Google and Apple from using their monopoly position to extract commissions from developers’ app purchases, for the first time in the world. The plan could hurt a lucrative source of revenue for the tech giants.

4. 7-Eleven convenience stores will provide door-to-door delivery services throughout Japan and are planned to be available by 2025. Japan’s domestic convenience store market turned negative for the first time in 2020. Qihe Iraq Holdings will use the Internet and physical store door-to-door delivery service to compete against Amazon and so on. The competition in the retail industry will enter a new stage.

5. NASA: it was planned to send astronauts back to the moon by 2024, but the Office of the Inspector General of NASA said in a recent audit report that funding shortages, the impact of the COVID-19 epidemic and technical challenges have delayed spacesuit research and development, and it is “not feasible” for US astronauts to return to the moon in 2024.

6. With a massive wildfire still burning in California, the governor asked the president to declare eight counties hardest hit, forcing tens of thousands of residents to evacuate. The “Cardoro” hill fire is currently only 5% under control. Another hill fire, Dixie, covers an area of more than 2926 square kilometers. 1259 buildings have been burned and nearly 13000 are still under threat.

7. Recently, a study released by the US Centers for Disease Control and Prevention (CDC) shows that unvaccinated people are about 29 times more likely to be hospitalized due to infection with novel coronavirus than those who are fully vaccinated. The new study, published in CDC’s Morbidity and Mortality Weekly, also found that unvaccinated people were nearly five times more likely to be infected with COVID-19 than vaccinated people.

8. A total of 6500 students in the Los Angeles United School District were absent in the first week of the new semester, according to data released by the Los Angeles Times. As a result of close contact with infected people, 3500 students and 1000 faculty and staff were quarantined.

9. With the recent deterioration of the COVID-19 epidemic in Vietnam and the closure of a large number of contract factories, Adidas said it was considering a price increase because production disruptions could not fully meet strong demand. In order to reduce the supply risk caused by the epidemic, the US footwear supplier Wolflin Group has transferred some of its production capacity back to China this year.

10. The Central Bank of Myanmar released US $5 million to the market at 1663 kyat to the dollar on Aug. 25, local time. So far, the Burmese central bank has released a total of 28 million US dollars to the market in seven times in August, of which 10 million US dollars were released on August 23, the highest one-day US dollar release in the history of the Burmese central bank.