UK regulator moves to curb Apple and Google’s app store control
CMA says it plans to designate both companies as holding strategic market status due to their control of mobile platforms
ADB cuts 2025 growth outlook for developing asia and Pacific to 4.7% on tariff concerns
ADB urges countries to strengthen fundamentals and promote open trade to boost investment and jobs
Taiwan launches AI plan targeting $510 billion economic value by 2040
'Ten Major AI Infrastructure Projects' includes investment in silicon photonics, quantum technology, and AI robotics as core priorities
U.S. auto group criticizes lower tariffs on Japanese imports
A group representing General Motors, Ford, and Stellantis raises concerns that the deal could disadvantage U.S. industry and workers
Trump says Japan to form joint venture on Alaska LNG project
The plan includes an 800-mile pipeline to carry gas to a liquefaction plant for export
Alibaba launches Qwen3-Coder open-source AI coding model
Qwen3-Coder is built to handle software development tasks such as code generation and managing complex coding workflows
U.S. and Japan sign major trade deal cutting auto tariffs
The agreement cuts U.S. tariffs on Japanese autos from 27.5% to 15% and lowers upcoming duties on other Japanese goods from 25% to 15%
Amazon agrees to buy AI wearable startup Bee
Amazon will work with Bee to improve user control over the device, which transcribes audio automatically but includes a mute option
Paramount pays $16 million to settle Trump lawsuit over CBS interview
Trump says that he expects to receive an additional $20 million from the new owners of Paramount.
U.S. builds just 384 EV charging ports under $7.5 billion program
Government Accountability Office says the joint office overseeing the effort has not set performance goals with clear targets or time frames
Boeing starts production of new 777-8 cargo aircraft
Boeing’s website states that it has the lowest operating cost per tonne, the best fuel efficiency, and the lowest carbon dioxide emissions in the 777X series
Oil prices fall for third day amid US–EU trade tensions
Brent crude falls 0.8% to $68.68 a barrel, while U.S. West Texas Intermediate crude drops 0.9% to $66.57
UN chief urges tech firms to power data centers with renewables by 2030
António Guterres says the shift to clean energy is unavoidable, even though many governments and companies continue to use fossil fuels
IMF says tariffs are not a fix for global imbalances
IMF reported that global current account balances rose notably in 2024, breaking a long trend of narrowing that followed the 2008–2009 crash
Microsoft knew of SharePoint server exploit but failed to effectively patch it
Microsoft subsequently said in a July 8 security update that it had identified the bug, listed it as a critical vulnerability, and released patches to fix it