Business
GVI tour operator collapses leaving UK students without trips or refunds
The collapse of GVI has left students without travel plans or financial recourse after the firm ceased operations. Conservation partners globally are also reporting significant shortfalls in expected funding.
SK Hynix US share sale oversubscribed more than seven times amid AI boom
South Korean memory-chip producer SK Hynix has drawn significant global institutional interest for its US share offering, signaling confidence in the AI data-center boom.
EPFO to credit 8.25 percent interest to member accounts by July 15
The Employees' Provident Fund Organisation plans to finalize interest deposits of 8.25 percent for the 2025-26 fiscal year by 15 July 2026. This expedited distribution is enabled by the deployment of the new CITES digital infrastructure.
Meta to build $13 billion AI data centre in Alberta
Meta Platforms plans to construct a one-gigawatt AI data centre in Alberta, supported by a new natural gas-fired power facility. The project is expected to create over 3,000 construction jobs and 300 permanent positions.
IMF upgrades UK growth forecast to 1% amid improved economic resilience
The International Monetary Fund has increased its 2026 UK growth forecast to 1%, positioning the nation as the third fastest-growing economy in the G7. This upgrade follows strong first-quarter performance but comes with warnings about persistent energy risks and fiscal challenges.
Apple signs $30bn deal with Broadcom for US-made chips
Apple has committed to a multi-year, $30 billion agreement with Broadcom to produce advanced wireless components at a facility in Fort Collins, Colorado.
United Airlines must face class-action lawsuit over windowless seats
A federal judge ruled that United Airlines must face class-action claims regarding seats marketed as having windows that are actually adjacent to cabin walls.
id Software slashes workforce by half during Xbox layoffs
Microsoft's restructuring of the Xbox division has resulted in the loss of roughly half the staff at id Software, raising questions about future projects.
USPS stamp prices to rise to 82 cents this Sunday in eighth hike
The United States Postal Service is raising the price of a first-class stamp to 82 cents this weekend as it grapples with ongoing financial challenges.
SK Hynix $28 billion ADR offering heavily oversubscribed ahead of debut
SK Hynix has closed bookbuilding for its ADR offering, which seeks to raise capital to expand high-bandwidth memory production and fund new facilities.
Samsung and SK Hynix shares plunge amid AI demand and pricing concerns
Samsung Electronics and SK Hynix shares fell as investors questioned the sustainability of AI-related infrastructure spending and memory chip demand.
Beijing considering curbing overseas access to China's top AI models
Chinese officials are exploring potential restrictions on international access to advanced AI models to protect proprietary technology and national security. The proposed measures could impact the availability of models such as Alibaba’s Qwen and ByteDance’s Doubao.
Beijing is looking at curbing overseas access to China's top AI models, sources say
Chinese officials are consulting with tech firms like Alibaba and ByteDance regarding potential policies that could classify advanced AI as national assets. These measures may introduce security reviews and export controls on future proprietary models.
AI chip stocks tumble despite Samsung's record profit surge
Samsung shares slumped following record quarterly earnings, sparking a wider sell-off across global AI-related semiconductor and memory chip stocks.
SpaceX shares fall as company makes Nasdaq 100 debut
SpaceX joined the Nasdaq-100 index 15 trading days after its IPO, triggering market volatility and projected portfolio rebalancing by index funds.
SK Hynix U.S. ADS offering oversubscribed multiple times ahead of pricing
South Korean memory giant SK Hynix is poised for a major Nasdaq debut as its share offering draws strong institutional interest despite recent sector volatility.
US trade deficit widens to $77.6 billion as capital goods imports surge
A spike in capital goods imports and a decline in outbound shipments pushed the U.S. trade deficit to its highest level since March 2025. Economists warn the widening gap could act as a significant drag on second-quarter GDP growth.
SpaceX joins Nasdaq-100 index in move triggering 4 billion in fund buying
SpaceX has entered the Nasdaq-100 after 15 trading days, forcing billions in passive fund inflows that analysts say could sharpen share price volatility.
AI stocks resume their drops and drag markets lower worldwide
Global markets experienced a downturn on July 7, 2026, as sharp declines in AI-linked stocks and geopolitical tensions in the Middle East pressured indices. Major U.S. and international exchanges retreated amid investor concerns over tech valuations and rising 10-year Treasury yields.
Samsung reports 19‑fold Q2 profit jump as shares fall 7% on AI doubts
Samsung Electronics announced record-breaking quarterly profits driven by demand for memory chips, but shares dropped as analysts pointed to investor skepticism.