Over 800 firms to showcase AI products at World AI Conference in China
The two-day event will feature Chinese firms such as Huawei and Alibaba, alongside international names including Tesla, Alphabet, and Amazon
US aviation regulators to assess Boeing’s supply chain before lifting 737 MAX rate cap
Boeing 737 MAX output is held steady after Alaska Airlines door panel incident in January 2024
Intel wins investor lawsuit over alleged stock price inflation
The decision follows a 26% drop in Intel’s stock on August 2, 2024, after it announced 15,000 job cuts and paused its dividend to save $10 billion by 2025
U.S. air traffic system is outdated and understaffed, says aviation agency chief
FAA plans to upgrade radar, telecom systems, air traffic control towers,hire more controllers, and offer new incentives to retain staff
Alphabet faces EU complaint over Android app uninstallation rules
The complaint claims Alphabet designed its Android operating system to hide the option to disable its own apps
LVMH to open second Texas factory by 2027 as U.S. expansion continues
The company reports a 4% drop in second-quarter sales to $22.95 billion, with its fashion and leather goods division falling 9%, both below expectations
Amazon faces two UK lawsuits worth up to $5.4 billion
One case seeks $3.6 billion for third-party sellers, while another seeks $1.8 billion for consumers over similar market abuse claims
Canada’s retail sales decline 1.1% in May as consumers spend less
motor vehicle and parts dealers lose 3.6%, new car dealers fall 4.6%, retail excluding autos slips 0.2%, and total retail volume drops 1.4%
X will bring back video-sharing platform Vine in AI form, says Musk
New Vine is expected to use AI, fitting the original 6-second format as most AI tools focus on short clips due to higher costs for longer videos
TikTok will go dark in U.S. without sale clearance from China, says U.S. Commerce Secretary
China or ByteDance could retain a small stake, but the majority must be under American control, says Howard Lutnick
Britain and India sign free trade pact during Modi visit
Trade deal cuts tariffs on whisky and cars; leaders seal agreement amid Trump tariffs; India deal is UK's biggest post-Brexit deal
Elon Musk’s Starlink network suffers rare global outage
Internal software failure causes global Starlink outage for 2.5 hours, affecting tens of thousands of users; speculation includes software update or cyberattack as potential causes
ECB holds interest rates steady as EU-US trade talks progress
ECB cut its main rate to 2% last month, half of what it was a year earlier, after inflation returned to the bank’s 2% target
Trump denies ending subsidies, says he wants Musk’s companies to thrive
The comment comes a day after Musk said that cuts in government support for electric vehicle makers could lead to a few difficult quarters
European car sales fall 5.1% in june amid tariffs and EV transition pressures
Chinese companies such as BYD, saw their share rise to 4.5%, more than doubling from the previous year