OpenAI developing in-chat checkout system to enable purchases through ChatGPT
OpenAI works with Shopify to present early versions of the system to brands and talk about financial terms
EU Commission proposes €2 trillion budget for 2028 to 2034
The proposal amounts to 1.26% of the EU's Gross National Income, up from 1.13% in the current seven-year budget
Musk’s xAI explores Saudi options to expand data operations
Saudi Arabia’s Public Investment Fund is expected to play a key role in future financing for xAI
Indonesia and U.S. reach trade deal to lower tariff to 19% from 32%
Trump says the deal includes Indonesia's agreement to buy 50 Boeing jets, $15 billion in energy, and $4.5 billion in agricultural goods
U.S. transportation chief seeks $19B more to fix air traffic control system amid safety concerns
Sean Duffy urges Congress to boost funding as FAA faces outdated tech, staff shortages, and rising mishaps following deadly crash
China vows crackdown on ‘irrational’ EV price war to protect industry health
Premier Li Qiang's cabinet pledges tighter price oversight, support for tech innovation, and measures to curb excessive competition
Canada imposes new steel tariffs to curb trade diversion and protect domestic industry
PM Carney announces 50% tariff rate quota, 25% China-linked steel duties, and C$1 billion fund for steel sector support
Gulf markets dip as tariff tensions fuel inflation fears; Dubai bucks trend
Saudi stocks retreat amid falling oil prices and U.S. policy uncertainty, while Dubai rallies on strong financial gains and Metro loan boost
Nvidia will deliver more compliant chips to China, says CEO
Huang says that many orders have already been submitted and that he expects license approvals to move quickly
Bahrain and U.S. companies sign $17 billion cooperation deals
The agreements aim to expand cooperation in sectors including aviation, technology, industry, and investment
Global aircraft deliveries threatened by tariff uncertainty
DG IATA Willie Walsh says the entire aerospace sector could face disruptions due to the trade measures
Trump says Vietnam trade deal is nearly complete
Vietnam’s exports to the U.S. nearly triple as companies shift production out of China since the U.S.-China trade war begins in 2018
Apple signs $500 million deal with MP Materials for U.S. rare earth magnets
The agreement includes a $200 million prepayment and will supply magnets for Apple devices starting in 2027
U.S. consumer prices rise 0.3% in June as tariffs begin to take effect
The annual inflation rate climbs to 2.7% in June, up from 2.4% in May
Bank of England Governor urges IMF to lead in addressing global economic imbalances
Bailey says large U.S. trade and current account deficits, combined with China’s surpluses and weak domestic demand, require multilateral action