Canada’s retail sales decline 1.1% in May as consumers spend less
motor vehicle and parts dealers lose 3.6%, new car dealers fall 4.6%, retail excluding autos slips 0.2%, and total retail volume drops 1.4%
X will bring back video-sharing platform Vine in AI form, says Musk
New Vine is expected to use AI, fitting the original 6-second format as most AI tools focus on short clips due to higher costs for longer videos
TikTok will go dark in U.S. without sale clearance from China, says U.S. Commerce Secretary
China or ByteDance could retain a small stake, but the majority must be under American control, says Howard Lutnick
Britain and India sign free trade pact during Modi visit
Trade deal cuts tariffs on whisky and cars; leaders seal agreement amid Trump tariffs; India deal is UK's biggest post-Brexit deal
Elon Musk’s Starlink network suffers rare global outage
Internal software failure causes global Starlink outage for 2.5 hours, affecting tens of thousands of users; speculation includes software update or cyberattack as potential causes
ECB holds interest rates steady as EU-US trade talks progress
ECB cut its main rate to 2% last month, half of what it was a year earlier, after inflation returned to the bank’s 2% target
Trump denies ending subsidies, says he wants Musk’s companies to thrive
The comment comes a day after Musk said that cuts in government support for electric vehicle makers could lead to a few difficult quarters
European car sales fall 5.1% in june amid tariffs and EV transition pressures
Chinese companies such as BYD, saw their share rise to 4.5%, more than doubling from the previous year
Indian firm shipped explosives to Russia despite US warnings
One listed recipient is explosives maker Promsintez, which a Ukrainian official says has military ties
Air India warned of action over safety and training violations
India’s aviation regulator issues safety notices to Air India over crew fatigue, training lapses, and compliance failures
Mexico’s early July inflation hits 3.55%, back inside central bank target
The Bank of Mexico targets inflation at 3%, with a tolerance range of one percentage point above or below
Russia warns U.S. tariffs could harm global economy
Russian Foreign Ministry Spokesperson says these policies put pressure not only on targeted countries but also on the broader global system
China rivalry drives U.S. push to deliver full AI export packages to allies
The plan does not include new limits on Nvidia’s H20 chip, designed to avoid earlier restrictions on exports to China
Musk warns Tesla could face rough quarters as government EV support drops
Tesla reports a 12% revenue drop in the April to June quarter, falling to $22.5 billion from $25.5 billion a year earlier
China-based groups exploit sharepoint flaws, Microsoft says
Two Chinese state-backed groups target internet-facing SharePoint servers, while a third group uses the flaws to deploy ransomware