UK to ban public sector from paying ransomware demands
The government will introduce a payment prevention regime and a separate reporting regime for ransomware incidents
U.S. Supreme Court asked to halt Mississippi law on kids’ social media access
The law requires minors to get parental consent to join certain platforms and mandates companies to reasonably verify users' ages
Price hikes and zero-calorie drinks lift Coca-Cola revenue to $12.62 billion in Q2
Comparable revenue rises 2.5% to $12.62 billion, while volume drops 1% for the quarter ended June 27
China smartphone shipments fall 2.4% in Q2 2025
Huawei remains the top smartphone vendor for a second consecutive quarter, increasing its shipment share to 18.1% from 15% a year earlier
Meta, X and LinkedIn appeal unprecedented VAT claim by Italy
Italian tax authorities say free user sign-ups are taxable as they involve exchanging personal data for account access
Google and OpenAI AI models reach gold level scores at math olympiad
Google uses a natural language model graded officially by IMO, while OpenAI uses an experimental model with extended computing at test time
Brazil opens probe into possible misuse of FX data ahead of 50% U.S. import tariff
The currency probe is part of a broader case tied to alleged attempts to pressure Brazil’s legal system to drop charges against former President Jair Bolsonaro
UK signs strategic partnership with OpenAI on AI security research
British government says that the partnership is part of a broader plan to grow the country’s AI capabilities
IMF’s Deputy Managing Director Gita Gopinath steps down after five years
IMF says Managing Director Kristalina Georgieva will announce a successor in due course
Paris officials clarify probe focuses on Musk’s X algorithm, not personal information
Musk’s company publicly rejects the investigation, calling it politically motivated and a threat to free speech
Oil dips as Russia sanctions seen limited in impact; diesel supply fears curb losses
Traders weigh EU moves, Russian resilience, and diesel tightness as Brent slips to $69.09
Indonesia warns 19% US tariff could be imposed ahead of August 1
Economic minister says timing hinges on joint statement following recent trade deal with Washington
Hong Kong probes Louis Vuitton data leak affecting 419,000 customers
The leak includes names, passport numbers, addresses, phone numbers, email addresses, shopping history, and product preferences
China denies link to cyber group targeting Singapore infrastructure
The response comes after a Singapore minister says a cyber group UNC3886 targets strategic and vital infrastructure
Morocco explores digital currency for domestic and cross-border use
Morocco’s central bank is working with IMF and WB to evaluate potential effects of a digital currency, or CBDC, on country’s payment systems