Google to sign EU’s voluntary AI code of practice
The code is created by 13 independent experts and is meant to guide firms in meeting requirements under the EU’s Artificial Intelligence Act
Toyota reports record global sales and production in January to June
Toyota global sales from January to June rise 5.5% year-on-year to over 5.1 million vehicles
YouTube to be banned for users under 16 in Australia
YouTube was first excluded due to its use by teachers, while platforms like Facebook, Instagram, Snapchat, and TikTok were included in the ban
Nvidia allowed to ship H20 AI chips to China under U.S. strategy
Allowing these exports is part of a broader strategy to manage competition in advanced technology, says White House economic adviser
Opera files antitrust complaint against Microsoft in Brazil
Opera accuses Microsoft of giving its browser Edge an unfair advantage by making it the default browser on Windows devices
U.S. and China agree to work on extending tariff truce, final decision up to Trump
U.S. Treasury Secretary says U.S. aims to reduce risks in areas like semiconductors, rare earths, and medicine, but is not looking to fully separate from China
Government to assist firms hit by U.S. tariffs, says Brazilian finance minister
Fernando Haddad says that the proposal does not include tax exemptions for the affected firms
Gulf stocks steady as US–EU trade deal and weak earnings dampen mood
Saudi equities dip on poor Q2 results; Dubai extends rally, hits 17-year high
Thailand estimates over 10 billion baht in damage after border conflict with Cambodia
Govt prepares 25 billion baht relief package as finance minister outlines loans, tax breaks, and provincial aid
IMF raises global outlook on stronger growth in China and emerging markets
IMF now expects emerging and developing economies to grow 4.1% in 2025, up from 3.7%
Moscow court fines Zoom for failing to abide by Russian internet rules
79.6 million rouble fine is issued for failure to comply with legal requirements for foreign entities operating in Russia's internet space
IMF warns loss of central bank independence could fuel inflation
IMF says the current environment of trade tensions and tariff uncertainty increases the need for strong policies and central bank independence
U.S. and China hold second day of trade talks in Stockholm
The discussions, held at Rosenbad, the Swedish prime minister's office, could lead to a 90-day extension of a deal first reached in May
Nvidia orders 300,000 H20 chips from TSMC due to robust China demand
Nvidia developed the H20 specifically for the Chinese market after U.S. export restrictions on its other AI chipsets were imposed in late 202
Spain expands antitrust probe into Apple over App Store rules
The investigation will assess if the pricing schedule set by Apple limits competition among developers distributing apps through App Store