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
U.S. auto sales rise in second quarter on gasoline vehicle demand
U.S. new vehicle sales in June total about 1.25 million units, with a seasonally adjusted annual rate of 15.34 million
China Communist Party magazine calls for crackdown on harmful price wars across industries
The article warns that price wars waste resources and create heavy debt, which could hurt China’s long-term economic growth
Trump threatens to end federal subsidies for Elon Musk’s companies
Elon Musks ays the policy change would hurt Tesla, which has benefited from EV credits
Tesla expected to report another drop in quarterly deliveries
Tesla reports falling sales in Denmark and Italy, while sales rise in Norway, Spain, and Portugal
Grammarly to acquire email startup Superhuman to expand AI tools
Superhuman CEO says the deal will give the company more resources and help it expand into tools like calendars, tasks, and team collaboration
Musk’s X challenges India over content takedown powers
Indian Solicitor General says all officials involved are legal authorities and that social media platforms cannot expect to operate without regulation