Shipping insurers raise rates after Houthi attacks in Red Sea
The rates are expected to raise costs for ships using the Red Sea, while those avoiding it must travel thousands of extra miles around Africa
Japan plans to cut U.S. reliance as Ishiba urges greater self-sufficiency
Japan should not be seen as simply following U.S. demands and must work toward greater independence in key sectors, says Japanese PM
German exporters urge EU to protect its interests, avoid rushed US trade deal
German exports to the U.S. fall 7.7% in May from the previous month, following a 10.5% drop in April
Tesla vehicles to get Grok AI assistant next week, says Musk
Grok is expected to function as a voice assistant, helping with tasks such as navigation, adjusting car settings, and answering user questions
Bitcoin jumps to all-time high of $116,781 driven by institutional investor demand
World's second-largest cryptocurrency Ether jumps nearly 5% to $2,956.82
Trump puts 35% tariff on Canada, eyes 15%-20% tariffs for others
Canada is the second-largest U.S. trading partner after Mexico, and the largest buyer of U.S. exports
India’s inflation likely cooled to over six-year low in June amid easing food prices
Reuters poll shows CPI inflation falling to 2.50% as high base, strong harvest offset uneven monsoon impact
UAE signals potential oil capacity boost beyond 2027 if markets demand
Energy Minister says UAE could scale up to 6 million bpd, potentially becoming the world’s fourth-largest producer
Ukraine set to become first European country with Starlink mobile service
Field testing starts under an agreement with SpaceX’s satellite network, allowing direct-to-cell services in Ukraine
Tesla to expand robotaxi service to San Francisco area, Musk says
Tesla, facing declining EV sales, is betting its future on self-driving robotaxis and AI-powered humanoid robots
OpenAI to release web browser in challenge to Google Chrome
The browser aims to use artificial intelligence to fundamentally change how consumers browse the web
Reserve Bank of Australia launches project to test digital currency use
The bank says its initiative, known as Project Acacia, will test 19 pilot cases and five proof-of-concept use cases over the next six months
U.S. agencies evaluate censorship in Chinese language models
Agencies use standard questions in Chinese and English to assess how closely AI model responses follow Beijing’s talking points
TikTok prepares US app with its own algorithm and user data
The new U.S.-only app is designed to function independently, similar to Douyin — the version of TikTok available exclusively in mainland China
U.S. securities commissioner says tokenized assets still count as securities
Hester Peirce says digital tokens that represent ownership in stocks or other assets do not change the legal nature of those assets