Bank of England governor rejects loosening key financial rules
Bailey says he does not support changing core financial rules that protect stability, even as government pushes for regulatory reform
Hewlett Packard wins over £700 million in British software firm deal
HP is owed nearly £698 million for overpaying in its Autonomy deal, plus $47.5 million for hardware and other losses, London’s High Court says
Japan launches an anti-dumping investigation into Chinese, Taiwanese steel imports
Japan plans to finish the investigation within a year and will decide afterward whether to impose anti-dumping duties
U.S. and China to meet in Stockholm to discuss tariff deadline extension
U.S. Treasury Secretary also plans to raise concerns about China’s continued purchases of Russian and Iranian oil
Most new renewable power is cheaper than fossil fuels, report says
International Renewable Energy Agency says 91% of all large-scale renewable power projects launched last year were cheaper than fossil fuel alternatives
Philip Morris shares fall about 5% in premarket trading on quarterly revenue miss
The company’s revenue rises 7.1% to $10.14 billion but misses the average estimate of $10.33 billion
U.S. imposes new ‘visa integrity’ fee for foreign travelers
Fee applies to all nonimmigrant visa categories, likely to impact millions of visitors
UK to ban public sector from paying ransomware demands
The government will introduce a payment prevention regime and a separate reporting regime for ransomware incidents
U.S. Supreme Court asked to halt Mississippi law on kids’ social media access
The law requires minors to get parental consent to join certain platforms and mandates companies to reasonably verify users' ages
Price hikes and zero-calorie drinks lift Coca-Cola revenue to $12.62 billion in Q2
Comparable revenue rises 2.5% to $12.62 billion, while volume drops 1% for the quarter ended June 27
China smartphone shipments fall 2.4% in Q2 2025
Huawei remains the top smartphone vendor for a second consecutive quarter, increasing its shipment share to 18.1% from 15% a year earlier
Meta, X and LinkedIn appeal unprecedented VAT claim by Italy
Italian tax authorities say free user sign-ups are taxable as they involve exchanging personal data for account access
Google and OpenAI AI models reach gold level scores at math olympiad
Google uses a natural language model graded officially by IMO, while OpenAI uses an experimental model with extended computing at test time
Brazil opens probe into possible misuse of FX data ahead of 50% U.S. import tariff
The currency probe is part of a broader case tied to alleged attempts to pressure Brazil’s legal system to drop charges against former President Jair Bolsonaro
UK signs strategic partnership with OpenAI on AI security research
British government says that the partnership is part of a broader plan to grow the country’s AI capabilities