BYD’s off-road brand Fangchengbao offers new discount on Huawei smart driving tech
The price of Huawei’s Qiankun Intelligent Driving High-end Function Package is 12,000 yuan, down from the usual 32,000 yuan
X begins recovery after brief outage in the U.S.
More than 15,000 users report problems with the platform
Mercosur and EFTA conclude free trade talks, paving way for $4.3 trillion trade zone
Deal promises over 97% export access across both blocs, covering nearly 300 million people; final signing expected by late 2025
Trump strikes tariff deal with Vietnam, easing trade tensions ahead of July 9 deadline
US to impose 20% tariff on Vietnamese goods—down from proposed 46%—as Hanoi agrees to zero duties on American exports; trans-shipments face higher 40% levy
Google makes new proposal to stave off EU antitrust fine
The company will meet its rivals and the European Commission to discuss its proposals during a July 7-8 workshop in Brussels
Nvidia becomes the world’s most valuable company at $3.86 trillion
Microsoft follows with a valuation of $3.69 trillion, while Apple stands at $3.1 trillion
Netflix explores partnership with Spotify to expand live programming
The discussions also include ideas like high-profile celebrity interviews and quick-turnaround documentaries
Tesla breaks eight-month losing streak but quarterly China sales keep falling
Sales of Model 3 and Model Y from Shanghai factory, including domestic and export markets, increase 16.1% from May to 71,599 units
Volvo global sales fall 12% in June as electric vehicle deliveries drop 26%
In regional markets, June sales in Europe decline 14%, while sales in the U.S. and China drop 7% and 3%, respectively
Google ordered to pay $314 million to California Android users
The lawsuit says Google collected data from users’ phones without permission while the devices were idle
Jeff Bezos sells $736.7 million worth of Amazon shares
Following the transaction, Bezos owns around 905 million shares in the e-commerce company
No deal likely with Japan, Trump says ahead of July 9 trade deadline
Trump also raises the possibility of setting a higher tariff on imports from Japan
US manufacturing stays weak as tariffs pressure supply chains
Factory activity contracts for fourth month as new orders fall, input prices rise, jobs are cut, and tariffs delay supplies
Russia launches new investment accounts with withdrawal guarantees
The move allows foreign investors to put money into roubles, foreign currency, stocks, and bonds using these accounts
Geely to launch electric EX5 SUV in the UK later this year
The company says the vehicle is still going through development to meet UK standards and will be available for purchase in the fourth quarter