Dollar falls after Fed official signals rate cuts
The dollar index falls 0.14% to 98.78 after rising to 99.42 earlier, the highest since May 30
Tesla shares jump 10% after robotaxi trial begins in Austin
The stock is still down around 12% for the year, partly due to demand concerns and CEO Elon Musk’s political positions
DeepSeek aids China’s military and evaded export controls, US official says
Among the allegations, the official says DeepSeek is sharing user information and statistics with Beijing's surveillance apparatus
U.S. investor sets up bitcoin treasury firm with $1 billion target
U.S. investor Anthony Pompliano says his new company will not only hold bitcoin on its balance sheet but also generate revenue from it
Huawei uses older chip in new MateBook Fold
New MateBook Fold laptop uses a 7-nanometer chip made by China’s SMIC, instead of a more advanced version
Britain to cut green levies for industry under new 10-year strategy
Starting in 2027, electricity-intensive companies could see energy bills fall by up to 25 percent, potentially benefiting over 7,000 businesses
Alibaba to merge travel and food units into core E-commerce
The reorganization is part of efforts to improve efficiency and respond to rising competition in China’s e-commerce market
Tesla launches self-driving robotaxi service in Austin
The trial involves about 10 vehicles operating in a limited zone, each carrying a front-seat safety monitor
New Zealand receives 189 golden visa applications under new rules
85 of those applications come from U.S. citizens, followed by 26 from China and 24 from Hong Kong
Bitcoin falls below $100,000 after U.S. airstrikes in Iran
The cryptocurrency briefly falls to $98,200, erasing about $40 billion in market value, before rebounding to around $101,000
Xiaomi set to reveal YU7 SUV prices during june 26 debut
YU7 is Xiaomi’s first SUV and its second electric vehicle model
FedEx founder Fred Smith, pioneer of overnight delivery, dies at 80
Smith remained executive chairman after stepping down as CEO in 2022
Britain to launch 10-year industrial strategy next week
Business Minister Jonathan Reynolds announces 275 million pounds for training workers in sectors such as engineering and defence
Airlines weigh how long to suspend Middle East flights as conflict enters new phase following US attacks on Iran
Many Western aviators yet to resume flights to Gulf capitals; Local carriers in Jordan, Lebanon and Iraq tentatively resume; Flightradar24 reports "dramatic increase" in GPS jamming and spoofing in war-hit region
US urges China to dissuade Iran from closing Strait of Hormuz
Secretary of State Marco Rubio’s comments come after Iranian parliament reportedly approved the closure of Strait of Hormuz, through which around 20% of global oil and gas flows