Pentagon awards $200 million AI contracts to OpenAI, Google, xAI, and Anthropic
AI adoption is changing the Defence Department’s ability to support operations and maintain its position globally, says Chief Digital and AI Officer
Wizz Air exits Abu Dhabi operations amid Middle East turmoil
Low-cost carrier to refocus on core Central and Eastern European markets after failing to turn profit in Gulf
Global smartphone shipments inch up 1% in Q2 amid economic uncertainty
IDC data shows muted growth as tariffs and weak low-end demand weigh on global market; Samsung leads with 7.9% rise in shipments
Bitcoin hits all-time high of $120,000 as US regulatory discussions loom
Bitcoin reaches a high of $123,153.22 on Monday before easing to around $122,000, up 2.4% on the day
America’s move to rebuild its manufacturing sector is the right strategy, says Nvidia’s CEO
Manufacturing offers stable careers and economic value beyond high academic degrees, says Huang
EU prioritises talks with U.S. to avoid 30% tariffs
European Trade Commissioner warns that a 30% tariff will severely damage supply chains and trade flows across the Atlantic
Indonesia to require e-commerce platforms to collect seller income tax
The rule applies to sellers with annual turnover between 500 million rupiah and 4.8 billion rupiah, or about $30,800 to $296,000
Korean airlines told to inspect Boeing fuel switch locks after Air India crash
South Korea’s transport ministry says the inspections will follow the 2018 recommendation of Federal Aviation Administration
Air India CEO says investigation into Ahmedabad crash not complete
A preliminary report by India's Aircraft Accident Investigation Bureau finds no faults with the aircraft’s mechanical systems or maintenance
Elon Musk says he does not support Tesla-xAI merger
The statement follows Musk’s comments a day earlier that Tesla shareholders may vote on whether the company should invest in xAI
EU prepares $24.5 billion in tariffs as U.S. trade talks stall, says Italy’s Foreign Minister
Tajani says he remains hopeful that negotiations will make progress, but warns that tariffs will hurt both sides
Malaysia imposes trade permit rule on U.S.-made AI chip exports
Ministry saiysthe measure is meant to close regulatory gaps while officials review whether to add U.S.-made AI chips to the list
Thailand plans zero tariffs on additional U.S. imports, says Finance Minister
The United States remains Thailand’s largest export market, accounting for about 18% of outbound shipments in 2024
Wealth funds plan to boost investments in China’s tech sector, report shows
U.S. dollar remains the top reserve currency despite growing concerns
Trump meme coin listed in record time by major crypto exchanges
8 of the 10 largest exchanges list the token within 48 hours of its launch, which is much faster than the average 129-day wait for other large meme coins