Meta may face daily EU fines over pay-or-consent model
Under the DMA, daily penalties for non-compliance can reach up to 5% of a company's average daily global turnover
Hawaiian Airlines hit by cybersecurity event
The term “cybersecurity event” is often used in cases of ransomware attacks, where hackers block access to systems until a ransom is paid
Germany asks Apple and Google to remove DeepSeek over data concerns
The commissioner says DeepSeek transfers users' personal data to China and has not proven that the data is protected
Singapore adjourns case over suspected Nvidia chip exports to China until Aug 22
Prosecutors says police needed more time to review documents and receive responses from overseas authorities
Chinese automakers expand into Africa amid US and EU trade limits
Nearly half of the 14 Chinese car brands now active in South Africa entered the market last year, and more are expected to follow
Canada orders Chinese surveillance firm Hikvision to cease operations over national security concerns
Government bans use of Hikvision equipment in federal agencies following security review; company denies allegations and calls decision biased
Microsoft sued by authors over AI training using pirated books
The authors are seeking a court order to stop the alleged infringement and damages of up to $150,000 for each work
Xiaomi receives 289,000 orders for YU7 within one hour of launch
Xiaomi plans to work with BYD, GAC Toyota, and Zhengzhou Nissan to develop a connected ecosystem linking cars, homes, and smart devices
Meta wins case over AI training using copyrighted books
U.S. District Judge says authors did not provide enough evidence to show that Meta's use of their work harmed the market for their books
UAE fund buys $100 million in Trump-linked crypto tokens
purchase is meant to help build a blockchain-based financial system using stablecoins and tokenised traditional assets, says Aqua 1
India begins black box analysis after Air India crash
Investigators begin extracting data to understand the events that lead to the crash and identify any contributing factors
Tesla faces trial over fatal Florida crash involving Autopilot-equipped Model S
Federal judge allows claims of design defect, failure to warn, and punitive damages in 2019 collision case
India, Russia discuss supply of remaining S-400 missile systems, upgrades to Su-30 MKI fighter jets
Defence ministers of both countries meet on the sidelines of the Shanghai Cooperation Organisation summit in China
Dollar hits 3.5-year low as markets expect fed rate cuts
Euro rises 0.21% to $1.1723 and briefly touches $1.1754, its highest since September 2021
Oil prices rise but head for steepest weekly loss since March 2023
Brent crude rises 42 cents to $68.15 a barrel by 1328 GMT. U.S. West Texas Intermediate crude increases 51 cents to $65.75