Microsoft cuts off China-based engineers from Pentagon cloud support amid national security probe
Move follows ProPublica report, senator’s inquiry, and Defense Secretary Hegseth’s order for a sweeping review of military cloud contracts
IMF boosts Ecuador loan program by $1 billion after successful second review
Country to immediately receive $600 million as government meets key targets amid fiscal, security, and climate challenges
African leaders urge swift AfCFTA rollout as U.S. tariffs threaten continent’s growth
With only 24 nations actively trading under the pact, leaders call for urgent action to counter rising global protectionism and unlock Africa’s $3 trillion potential
U.S. firms to lead energy revival in Syria as sanctions ease
Baker Hughes, Hunt Energy, and Argent LNG to develop masterplan for oil, gas, and power sector after 14 years of war
IMF eyes revised global forecast, but warns trade tensions still cloud outlook
Uncertainty remains high despite some increased trade and improved financial conditions; Fund will update its global forecast later in July, says IMF First Deputy Managing Director Gita GopinathÂ
Netflix shares dip 4% as revenue forecast underwhelms despite earnings beat
Investors question FX-driven outlook; password crackdown, ads, and sports help boost engagement but subscriber data remains undisclosed
India, UK set to seal free trade pact next week, boosting whisky, car, textile access
Modi's expected London visit may coincide with signing; deal slashes tariffs on Scotch, vehicles, and textiles under quota system, pending approval.
G20 finance chiefs agree on need for central bank autonomy
The ministers and central bank governors pledge to continue data-driven policymaking and cooperation on global economic issues
Stocks tied to ether rally as price climbs past $3,600
Ether climbs to $3,675.81, its highest level since January 6, before settling at $3,601.40, up 5%
U.S. lawmaker opposes Nvidia’s AI chip sales to China
It could help China develop AI models that support its military and compete with U.S. technology, says Republican Representative Moolenaar
Nvidia sees strong AI chip demand as China welcomes foreign investment
Nvidia CEO Jensen Huang says the company is ready to deepen cooperation with Chinese firms in artificial intelligence
China urges Canada to reverse new steel import restrictions
China’s Ministry of Commerce says it would take necessary steps to protect the legal rights and interests of Chinese companies
WhatsApp faces possible exit from Russian market
Meta is designated as an extremist organization in Russia, says deputy head of the IT committee
U.S. Senator seeks clarity on Microsoft’s Chinese staff in defence contracts
The request follows a report on China-based engineers working under U.S. subcontractors with clearances
EU sets AI compliance rules for high-risk and foundation models
Under the AI Act, firms must evaluate their models, test for potential threats, report serious incidents, and ensure cybersecurity protections