Chinese camera firm Hikvision to challenge Canada’s order to halt operations
Canada’s Industry Minister says the decision followed a review by national security and intelligence agencies
U.S. online spending to hit $23.8 billion during Amazon Prime Day event
Amazon extends the sale from 48 to 96 hours as other major retailers, including Walmart and Target, offer competing deals
Japan, South Korea face 25% tariffs as Trump ramps up trade war in letters to leaders
US president extends negotiating deadline to August 1; threatens BRICS nations with additional tariffs
Japan’s real wages fall 2.9% in May, steepest drop in 20 months
In contrast, nominal wages grow 1.0% to 300,141 yen, slow from a revised 2.0% increase and mark the slowest growth since March 2024
German industrial production rises 1.2 percent in May
Automotive production rises by 4.9 percent in May, energy by 10.8 percent, and pharmaceutical output by 10 percent
Apple files appeal against 500 million euro EU fine
The company says the Commission is trying to control how Apple runs the App Store and enforce unclear terms for developers and users
Samsung expected to report 39 percent drop in second-quarter profit
Samsung continues to face challenges in getting its latest HBM3E 12-layer chips certified by Nvidia
Huawei denies claims that its Pangu Pro Moe model copied Alibaba’s Qwen 2.5
Alibaba’s Qwen focuses on consumer applications like chatbots, while Huawei’s Pangu models serve government, finance, and manufacturing
Trump announces delivery of tariff letters to nations begins today
Tariff letters are scheduled to be delivered worldwide beginning at 12 p.m. ET (9 p.m. Pakistan time) today
Thailand offers zero tariffs on U.S. goods to avoid trade penalties
Finance Minister Pichai Chunhavajira warns that Thailand’s economy may grow just over 1% this year due to the tariff impact
Trump calls Musk’s new political party ‘ridiculous’
Trump says U.S. political system is built for two parties and warns a third party will create confusion and fail
Goldman Sachs expects OPEC+ members to increase oil production by 550,000 bpd in September
Goldman maintains its Brent crude price forecast at $59 per barrel for the fourth quarter of 2025 and $56 per barrel for 2026
Gold falls on trade deal progress, tariff reprieve extension
Spot gold falls 0.6% to $3,314.21 per ounce; US gold futures down 0.6% to $3,322
Trump says alignment with BRICS’ ‘anti-American policies’ to invite additional 10% tariffs
There will be no exceptions to this policy, US president says in a post on Truth Social without clarifying anti-US policies
U.S. dollar near lowest since 2021 against euro, weakest since 2015 versus Swiss franc ahead of Trump’s tariff deadline
Most US trade partners are set to see much steeper duties at the end of Trump's 90-day moratoriumÂ