Indian state refiners pause Russian oil purchases, sources say
Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum, and Mangalore Refinery Petrochemical Ltd have not requested Russian crude in the past week
Trump hits dozens of countries’ goods with steep tariffs
India faces 25% tariff, Mexico avoids 30% tariff on non-automotive, non-metal goods; Canada hit with 35% tariff; Brazil faces 50% tariff with some exclusions; China trade deal still pending as August 12 deadline approaches
US hits Iranian shipping network with major new sanctions
Washington says moves are meant to make Tehran's oil sales more difficult; Targeted network is run by son of an adviser to the Iranian Supreme Leader
Oil prices gain for fourth day on supply fears from Trump tariff threats
Brent crude futures for September delivery rise 0.4% to $73.51 while US West Texas Intermediate crude gains 0.5% to $70.37 a barrel
Trump slaps 25% tariff on Indian imports, dashing near-term trade deal hopes
US decision adds pressure as India faces added penalties over Russian defence and energy ties; industry voices remain cautiously optimistic
Adidas warns of €200 million hit from U.S. tariffs
The company says it has not raised prices yet but may increase them on new products once final tariff rates are confirmed around August 1
Trump warns India of 25% tariffs if trade deal is not finalized
India has been a good friend, but India has charged basically more tariffs than almost any other country,, says Trump
Tesla signs $4.3 billion battery deal with LGES, reducing China reliance
The lithium iron phosphate (LFP) batteries will be supplied from LGES's U.S. factory in Michigan
Italy investigates Meta over WhatsApp AI integration
Italy’s antitrust authority says Meta may have breached EU competition rules by installing Meta AI in the messaging app without asking users first
Google to sign EU’s voluntary AI code of practice
The code is created by 13 independent experts and is meant to guide firms in meeting requirements under the EU’s Artificial Intelligence Act
Toyota reports record global sales and production in January to June
Toyota global sales from January to June rise 5.5% year-on-year to over 5.1 million vehicles
YouTube to be banned for users under 16 in Australia
YouTube was first excluded due to its use by teachers, while platforms like Facebook, Instagram, Snapchat, and TikTok were included in the ban
Nvidia allowed to ship H20 AI chips to China under U.S. strategy
Allowing these exports is part of a broader strategy to manage competition in advanced technology, says White House economic adviser
Opera files antitrust complaint against Microsoft in Brazil
Opera accuses Microsoft of giving its browser Edge an unfair advantage by making it the default browser on Windows devices
U.S. and China agree to work on extending tariff truce, final decision up to Trump
U.S. Treasury Secretary says U.S. aims to reduce risks in areas like semiconductors, rare earths, and medicine, but is not looking to fully separate from China