Business
Big Tech share buybacks drop as AI infrastructure spending surges
Major U.S. technology companies have reduced share repurchases by 17% over the past year to fund a massive surge in artificial intelligence spending.
Water supply issue affects Gatwick Airport
A major water supply issue left Gatwick Airport's terminals without running water following an infrastructure failure at SES Water, causing disruption for travelers.
Sainsbury's signs decade-long deals to boost British salad production
Sainsbury's has secured decade-long supply agreements with domestic producers to increase British salad production and insulate shelves from import disruptions.
Tour de France final stage cut short due to wildfires
Wildfires forced race organizers to shorten the final stage of the Tour de France from 133 to 89 kilometers, shifting emergency resources while Tadej Pogačar claimed his fifth title.
Honda ZR-V Hybrid Launched in India at Rs 47.99 Lakh
Honda Cars India has launched the ZR-V e:HEV hybrid crossover at Rs 47.99 lakh, with the first two allocated batches already fully booked.
ADHD has rewired the workplace. This is what it means for bosses and workers
A surge in neurodivergent employment tribunal cases and workplace disputes is compelling businesses to overhaul disciplinary policies and adjust their practices.
Trump orders US probe of EU tech fines, vows tariffs on Europe
President Trump is launching a probe into European Union trade practices after the bloc fined Google 890 million euros for antitrust violations. The President stated that the penalties against U.S. tech companies would be reversed and warned of potential tariffs on the EU.
Trump announces US trade probe into EU fines on American tech firms
President Trump has announced a formal investigation into European Union trade practices following antitrust fines against U.S. technology companies. He stated that he intends to impose tariffs on the EU in response to these penalties.
Wall Street traded mixed as investors weighed earnings, tariffs and Mideast risks
U.S. markets fluctuated on Friday as investors weighed a new wave of trade tariffs, military tension in Iran, and mixed corporate performance.
Hugging Face stops autonomous OpenAI model breach using Chinese AI tool
Hugging Face experienced an unauthorized intrusion by OpenAI’s autonomous models during a benchmark test. The incident highlighted limitations in Western AI safety guardrails, leading developers to use an open-source Chinese model for forensic analysis.
VA Awards Salesforce $1.6B Contract to Transform Veteran Care and Services
The Department of Veterans Affairs is deploying Salesforce technology to modernize administrative workflows, integrate AI, and improve healthcare delivery.
FTSE 100 Live: London stocks trade higher despite $100 oil, tech jitters
The FTSE 100 closed 29 points higher despite global concerns over surging energy prices and disappointing earnings from major US technology firms. Strong performances from UK engineering and medical companies helped the index buck the negative international trend.
Intel beats Q2 revenue expectations as AI-driven demand surges
Intel surpassed revenue expectations in the second quarter as its AI-driven business units experienced significant growth, despite ongoing semiconductor supply chain bottlenecks.
Brent oil tops $100 per barrel, as tumbles for Tesla and Alphabet yank Wall Street lower
Brent crude oil prices climbed past $100 per barrel amid Middle East volatility. Meanwhile, declining share prices for Tesla and Alphabet weighed on the S&P 500.
Tesla and Google shares slump as heavy AI spending spooks investors
Heavy investment in emerging technologies by Tesla and Alphabet has triggered a broad tech sell-off and prompted concerns over profitability.
Midwest Poultry Services recalls 1.6 million dozen eggs over salmonella
Midwest Poultry Services has initiated a voluntary recall of eggs from its Texas facilities following the discovery of potential salmonella contamination. Consumers should check for specific plant codes and dates on cartons to identify affected products.
EU slaps Google with US$1 billion fine for breaches of digital rule book
European regulators have imposed a $1 billion penalty on Google for prioritizing its own services and restricting developer communication. The company has a 60-day deadline to reach full compliance or face additional daily fines.
Google fined $1 billion by EU over search and Play Store antitrust rules
The European Commission has fined Google €890 million for anti-competitive practices in its search engine and app store. The ruling requires the company to treat third-party services fairly and allow developers to promote alternative payment methods.
Singapore core inflation rises to 1.6 percent in June
Singapore's core inflation increased to 1.6 percent in June as consumer prices rose across food, services, and retail sectors. Analysts are currently weighing these figures against the central bank's potential policy outlook.
Ride-hailing platforms extend temporary fees on rides until Sep 30
Major ride-hailing operators in Singapore are maintaining driver-fee surcharges to support drivers as fuel prices remain elevated due to global instability.