Indigenous Australians win record A$150m after billionaire mined without permission
The Yindjibarndi people had sought A$1.8bn compensation for cultural damage and economic loss.

The Yindjibarndi people had sought A$1.8bn compensation for cultural damage and economic loss.

Oil prices dropped Thursday as mediators worked to prevent escalation between the US and Iran. Brent crude futures fell to $75.78 and WTI to $71.57, after earlier gains driven by US strikes and Iranian retaliation. Analysts suggest a "new normal" of skirmishes rather than a full closure of the Strait of Hormuz.

England defender Jarell Quansah has received a two-match ban for a red card offense against Mexico. The ban, issued by FIFA's disciplinary committee for serious foul play, will see him miss the quarter-final and a potential semi-final.

Anthropic has appointed former Federal Reserve Chair Ben Bernanke to its Long-Term Benefit Trust. Bernanke will advise the AI company on how AI impacts the economy, aiming to ensure AI's long-term benefits outweigh its risks.

Palo Alto Networks CEO Nikesh Arora stated that AI token costs need to decrease by up to 90% to enable widespread adoption. He highlighted current costs as a major barrier for businesses, suggesting a 90% reduction within two years. This follows similar concerns raised by other tech leaders about the financial strain of AI implementation.

Costco reported a 10.6% year-over-year sales increase to $29.4 billion in June, falling slightly below expectations. U.S. comparable sales, excluding gasoline, rose 7.6%, a slowdown from May's 8.7%. Shares dropped over 4% as consumer concerns about inflation and economic uncertainty weigh on spending.

Karolina Muchova saved a match point and won an epic tie-break to defeat Coco Gauff 6-2, 1-6, 7-6(12-10) in the Wimbledon semi-finals. She will face fellow Czech Linda Noskova in her first Grand Slam final.