Meta shareholders seek $8 billion from Zuckerberg and board
Shareholders say Zuckerberg and others ignored the FTC deal and failed to protect user data, leading Meta to pay billions in fines
China’s exports rise 5.8% in June ahead of new tariff deadline
Export growth is driven by a 16.8% rise in shipments to ASEAN countries and a 32.4% month-on-month increase in exports to the U.S.
Spacex to invest $2 billion in xAI as part of $5 billion funding round
The funding follows xAI’s recent merger with social media platform X and values the combined company at $113 billion
Nvidia CEO schedules July 16 media briefing in Beijing
U.S. senators urge Nvidia CEO Jensen Huang to avoid meetings with Chinese firms linked to military or intelligence agencies
EU prepares retaliation as trade talks with U.S. stall
European Commission President says EU remains open to finding an agreement but makes clear the bloc will defend its interests
IEA warns of tighter oil market despite projected surplus
Summer demand, refinery activity and tight fundamentals offset rising global supply
U.S. port operators seek delay on expected 100% tariff on Chinese cargo cranes
Industry braces for sweeping trade restriction as Trump administration pushes to block Chinese-made equipment over national security fears
Trump announces sweeping new tariffs on EU, Mexico amid stalled trade talks
30% duties to take effect August 1; U.S. president sends warning to 23 nations as allies call move unfair and prepare countermeasures
Ireland opens new inquiry into TikTok over data storage in China
Ireland is TikTok’s lead data regulator in the European Union, as the platform’s regional headquarters is located there
Chery and BYD linked to $53 million in China’s $121 million EV subsidy audit
Out of 21,725 ineligible vehicles from 2016 to 2020, Chery claims $33 million for 8,760 units and BYD $20 million for 4,900
Tesla to open first India showroom in Mumbai on July 15
The company is currently focusing on selling imported vehicles in India rather than setting up a local manufacturing unit
Job platforms Glassdoor and Indeed are set to cut 1,300 jobs
AI is changing the world and the company must adapt to deliver better experiences for job seekers and employers, says CEO Hisayuki
Tesla has not applied for California robotaxi permits, says regulators
That permit allows the company to operate chauffeur-style services, including pre-arranged employee transport
IMF warns of high uncertainty in global trade amid U.S. tariff move
IMF says It is closely watching the latest U.S. tariff announcements and urged countries to work together to support a stable trade environment
Walmart recalls 850,000 China-made trail water bottles after three reported injuries
The U.S. Consumer Product Safety Commission says the lid can forcefully eject when opened, posing risks of impact and cuts