The government is introducing a 20% business rates reduction for nearly 32,000 hospitality businesses to help alleviate rising financial pressures.

Greg Ward will become Macquarie Group's next CEO when Shemara Wikramanayake steps down in November 2026. The move follows Wikramanayake's 40-year career at the bank, during which the firm's market valuation grew significantly.

White House officials allege that Moonshot AI utilized distillation to train its system and acquired restricted Nvidia servers to bypass trade controls. These claims arrive as the administration considers potential sanctions ahead of planned diplomatic meetings.

Shemara Wikramanayake is stepping down as Macquarie CEO, with internal veteran Greg Ward appointed to succeed her to provide continuity in the firm's strategy.

The plaintiff dropped his case against Meta following settlements with YouTube, TikTok, and Snap. His attorneys cited concerns about a grueling trial.

The plaintiff dropped his case against Meta without receiving any payment, shifting focus to ongoing state-level legal battles over platform safety.

Brent crude oil prices have reached $94.07 as military conflict in the Strait of Hormuz disrupts global energy transit. This escalation threatens shipping routes and contributes to rising inflationary pressures.

U.K. Prime Minister Andy Burnham has announced the removal of the tax on home electricity to provide cost-of-living relief. The government will fund this by cancelling plans for a digital ID to maintain fiscal discipline.

AMD has entered a multi-billion dollar agreement to supply Anthropic with Instinct MI450 chips to help the firm scale its AI infrastructure and diversify hardware.

A widespread cyclosporiasis outbreak has sickened thousands across the U.S., with investigations focusing on Taylor Farms and federal surveillance challenges.

Supermicro shares climbed after the company disclosed a sharper-than-expected margin outlook and a record-size order backlog. The results showed quarterly profit growth alongside a major upgrade to the company's gross margin projections.

Global markets show resilience as an energy sector rally offsets the Japanese yen's decline to its weakest level since 1986. Investors are now closely watching upcoming tech earnings and central bank policy for signals on inflation.

The U.S. will impose significant tariffs on generic drugs produced outside the country, providing a two-year window for firms to shift production stateside.

Singapore’s tax authority has penalized eight nightclubs for failing to correctly declare income from flower garland sales. The enforcement action follows audits that uncovered systematic under-reporting of GST and income for non-resident performers.

Origin Energy is conducting an urgent investigation into a potential data breach that may have compromised the personal information of its customers. The company stated it does not currently believe any credit card or bank account details were accessed.

Tesla achieved record deliveries of 480,126 vehicles in the second quarter, though analysts anticipate a $3.3 billion negative free cash flow. This shift comes as the company increases its 2026 capital budget to over $25 billion, primarily targeting AI, robotics, and the Cybercab.

US markets closed higher as a surge in semiconductor shares countered concerns over Middle East tensions and Canadian trade tariffs. Investors are now shifting focus toward critical upcoming quarterly earnings reports.

A federal judge granted final approval to a $1.5 billion settlement resolving claims that Anthropic used unauthorized books to train its AI models. The agreement provides compensation to authors and publishers whose works were included in the company's digital library.

Novo Nordisk filed a lawsuit against Eli Lilly, claiming the rival firm uses outdated clinical data in its advertisements to misrepresent its obesity drugs.

The litigation claims Eli Lilly’s marketing for Mounjaro and Zepbound uses outdated data to unfairly compare efficacy against Wegovy and Ozempic.