Global EV sales reach 1.8 million in June, up 24 percent from last year
China leads with a 28% increase to 1.11 million vehicles, while Europe sees a 23% rise to about 390,000 units
New Zealand’s central bank says ageing population to reshape financial system
Total savings are set to rise short term but decline later, as people borrow when young, save while working, and spend in retirement, says Bank
Meta to spend hundreds of billions on AI data centers
Zuckerberg says the company’s advertising business provides the financial strength needed to support this investment
Bank of England Governor says global cooperation key to financial stability
Andrew Bailey says countries cannot ensure stability on their own and must work together to respond to global shocks
Pentagon awards $200 million AI contracts to OpenAI, Google, xAI, and Anthropic
AI adoption is changing the Defence Department’s ability to support operations and maintain its position globally, says Chief Digital and AI Officer
Wizz Air exits Abu Dhabi operations amid Middle East turmoil
Low-cost carrier to refocus on core Central and Eastern European markets after failing to turn profit in Gulf
Global smartphone shipments inch up 1% in Q2 amid economic uncertainty
IDC data shows muted growth as tariffs and weak low-end demand weigh on global market; Samsung leads with 7.9% rise in shipments
Bitcoin hits all-time high of $120,000 as US regulatory discussions loom
Bitcoin reaches a high of $123,153.22 on Monday before easing to around $122,000, up 2.4% on the day
America’s move to rebuild its manufacturing sector is the right strategy, says Nvidia’s CEO
Manufacturing offers stable careers and economic value beyond high academic degrees, says Huang
EU prioritises talks with U.S. to avoid 30% tariffs
European Trade Commissioner warns that a 30% tariff will severely damage supply chains and trade flows across the Atlantic
Indonesia to require e-commerce platforms to collect seller income tax
The rule applies to sellers with annual turnover between 500 million rupiah and 4.8 billion rupiah, or about $30,800 to $296,000
Korean airlines told to inspect Boeing fuel switch locks after Air India crash
South Korea’s transport ministry says the inspections will follow the 2018 recommendation of Federal Aviation Administration
Air India CEO says investigation into Ahmedabad crash not complete
A preliminary report by India's Aircraft Accident Investigation Bureau finds no faults with the aircraft’s mechanical systems or maintenance
Elon Musk says he does not support Tesla-xAI merger
The statement follows Musk’s comments a day earlier that Tesla shareholders may vote on whether the company should invest in xAI
EU prepares $24.5 billion in tariffs as U.S. trade talks stall, says Italy’s Foreign Minister
Tajani says he remains hopeful that negotiations will make progress, but warns that tariffs will hurt both sides