Hello and welcome to World Business Report from the BBC World Service.
Namaste.
I'm Devina Gupta in Delhi and on this edition,
Syria gets a second chance with the EU lifting some sanctions after the US.
Can the war-torn country finally reboot its economy?
The Syrian economy is in absolute shambles.
It's a country that's pretty much on its knees.
More on that in just a bit and also a record-breaking IPO in Hong Kong.
We tell you all about the world's biggest listing of the year.
But first, let's start with this.
Well, that's an advertisement for Temu or Timu, as many people call it.
Their ads seem to be everywhere on the internet.
And Chinese online firms like Timu or Shein have become huge global retailers in recent years.
Much of their business involves posting low-value packages from China into the US and the EU.
And this allows customers to legally avoid sales taxes.
But the companies, businesses,
models have been heavily criticised by many retailers in Europe and North America who claim it's unfair competition.
Items worth more than $5 billion are imported directly to people's homes in Europe alone.
But now the EU plans to levy a flat fee of...
That's about $2 on billions of small packages entering the block each year.