Amazon agrees to buy AI wearable startup Bee
Amazon will work with Bee to improve user control over the device, which transcribes audio automatically but includes a mute option
Paramount pays $16 million to settle Trump lawsuit over CBS interview
Trump says that he expects to receive an additional $20 million from the new owners of Paramount.
U.S. builds just 384 EV charging ports under $7.5 billion program
Government Accountability Office says the joint office overseeing the effort has not set performance goals with clear targets or time frames
Boeing starts production of new 777-8 cargo aircraft
Boeing’s website states that it has the lowest operating cost per tonne, the best fuel efficiency, and the lowest carbon dioxide emissions in the 777X series
Oil prices fall for third day amid US–EU trade tensions
Brent crude falls 0.8% to $68.68 a barrel, while U.S. West Texas Intermediate crude drops 0.9% to $66.57
UN chief urges tech firms to power data centers with renewables by 2030
António Guterres says the shift to clean energy is unavoidable, even though many governments and companies continue to use fossil fuels
IMF says tariffs are not a fix for global imbalances
IMF reported that global current account balances rose notably in 2024, breaking a long trend of narrowing that followed the 2008–2009 crash
Microsoft knew of SharePoint server exploit but failed to effectively patch it
Microsoft subsequently said in a July 8 security update that it had identified the bug, listed it as a critical vulnerability, and released patches to fix it
Bank of England governor rejects loosening key financial rules
Bailey says he does not support changing core financial rules that protect stability, even as government pushes for regulatory reform
Hewlett Packard wins over £700 million in British software firm deal
HP is owed nearly £698 million for overpaying in its Autonomy deal, plus $47.5 million for hardware and other losses, London’s High Court says
Japan launches an anti-dumping investigation into Chinese, Taiwanese steel imports
Japan plans to finish the investigation within a year and will decide afterward whether to impose anti-dumping duties
U.S. and China to meet in Stockholm to discuss tariff deadline extension
U.S. Treasury Secretary also plans to raise concerns about China’s continued purchases of Russian and Iranian oil
Most new renewable power is cheaper than fossil fuels, report says
International Renewable Energy Agency says 91% of all large-scale renewable power projects launched last year were cheaper than fossil fuel alternatives
Philip Morris shares fall about 5% in premarket trading on quarterly revenue miss
The company’s revenue rises 7.1% to $10.14 billion but misses the average estimate of $10.33 billion
U.S. imposes new ‘visa integrity’ fee for foreign travelers
Fee applies to all nonimmigrant visa categories, likely to impact millions of visitors