China urges Canada to reverse new steel import restrictions
China’s Ministry of Commerce says it would take necessary steps to protect the legal rights and interests of Chinese companies
WhatsApp faces possible exit from Russian market
Meta is designated as an extremist organization in Russia, says deputy head of the IT committee
U.S. Senator seeks clarity on Microsoft’s Chinese staff in defence contracts
The request follows a report on China-based engineers working under U.S. subcontractors with clearances
EU sets AI compliance rules for high-risk and foundation models
Under the AI Act, firms must evaluate their models, test for potential threats, report serious incidents, and ensure cybersecurity protections
German finance minister says trade conflict must end but not at any cost
Lars Klingbeil says Europe wants a fair deal with the US over trade tensions, including Trump’s proposed 30% tariff on EU imports
U.S. sets 93.5% anti-dumping duty on Chinese graphite used in EV batteries
The duties cover imports valued at $347.1 million in 2023
Brazilian President calls U.S. tariff blackmail, says no foreigner gives orders
Lula says Brazil will move ahead with plans to regulate and tax U.S. tech companies
Foreign holdings of U.S. Treasuries rise to $9.045 trillion in May
Japan remains the top holder at $1.135 trillion, while China cuts its holdings to $756.3 billion, the lowest since 2009
New ChatGPT agent can book, search, and plan across apps
The agent uses a virtual computer and can work with tools that browse the web and access user-connected apps like Gmail and GitHub
Google’s robotaxi Waymo expands Austin service area to 90 square miles
Tesla continues to face challenges in scaling the service and navigating regulatory issues
Musk gets more time to respond to U.S. SEC lawsuit over Twitter stake
SEC says Musk delayed 11 days in disclosing 5% Twitter stake, letting him buy over $500 million in shares at lower prices
Uber to invest $300 million in U.S. automaker Lucid to launch robotaxi service
Lucid to provide 20,000 gravity SUVs equipped with Nuro self-driving tech for Uber’s U.S. robotaxi fleet
U.S. import prices edge up 0.1% in June
In the 12 months through June, import prices fell 0.2%, matching May's decrease
Trump Jr.-backed firearm company sees 22% stock decline post-listing
Trump Jr., who owns 300,000 shares and holds a board seat, promotes the gun retailer as part of a broader push into political business ventures
U.S. government eases remote work rules for religious holidays
Office of Personnel Management advises agencies to adopt a flexible approach toward remote work during religious holidays