Hong Kong launches a pilot scheme allowing residents in Ho Sheung Heung and Yin Kong villages to convert their houses into restaurants, guest houses, or shops without prior application, aiming to boost rural tourism and economic activity.
Microsoft CEO Satya Nadella has dissolved the long-standing Senior Leadership Team (SLT) to create smaller, flatter teams for faster AI development. This shake-up aims to make the 220,000-person company operate with the agility of a startup, addressing investor concerns after a poor stock quarter and Nadella's acknowledgment of size as a disadvantage.
Fifty film production companies linked to producer Alan Latham have been compulsorily struck off the UK's companies register by Companies House. This leaves film workers unable to claim unpaid fees, with some reporting exploitation and unfulfilled payments.
South Africa faces rising pressure on businesses hiring foreign nationals, with vigilante groups and government crackdowns creating a squeeze. Employers cite cost and necessity, while officials blame exploitation and illegal labor. High unemployment fuels anti-immigrant sentiment, making foreign workers a political flashpoint.
Colombians vote Sunday in a presidential runoff that could dramatically shift the country's approach to its armed conflict. Far-right lawyer Abelardo de la Espriella, vowing military confrontation, faces leftwing senator Iván Cepeda, who supports "total peace" negotiations.
Thai authorities are investigating 11,426 companies on Koh Phangan and Koh Samui for foreign ownership, with over 7,000 suspected of using illegal nominee structures, primarily in real estate and tourism. This crackdown follows prosecutions of over 850 companies for financial damages exceeding 15 billion baht.
Three months after devastating floods, Bundaberg is undertaking a major recovery effort for flood-ravaged boats and businesses. Maritime Safety Queensland is managing the salvage of approximately 40 vessels, some found in unusual locations. Businesses like Linda Ashworth's boat yard face significant damage and financial strain, seeking government grants for survival.
The Bank of Russia lowered its key interest rate to 14.25% from 14.5%, a smaller cut than anticipated. Factors influencing the decision include increased war spending, Western sanctions, and a fuel crisis exacerbated by Ukrainian drone strikes on Russian refineries.
Italian PM Giorgia Meloni told Donald Trump his focus on her popularity was "none of your business" and advised him to "focus on your own" ratings. The exchange occurred on Instagram after Trump accused Meloni of ingratitude for refusing to support a US military operation against Iran and seeking a G7 photo-op for personal gain.
Begoña Gómez, wife of Spanish PM Pedro Sánchez, will stand trial on corruption charges including embezzlement and influence peddling. A judge has ordered her to surrender her passport and report to court monthly, barring her from leaving Spain.
Colombia's presidential runoff winner inherits a nation shaped by paramilitary violence. Candidates Iván Cepeda and Abelardo de la Espriella have intertwined histories with these criminal forces, advocating opposing strategies for crime and peace.
Guardian readers across the US report significant struggles with large companies, citing AI customer service failures, declining product quality, and complex systems that prioritize profits over consumer needs. Many describe time-consuming, emotionally draining battles to resolve issues, leading to frustration and a questioning of the economic system.
A Jefferies report indicates China's domestic economy struggles with weak consumer spending, property activity, and credit demand, despite robust export growth, particularly in semiconductors. Retail sales declined in May, and consumer confidence fell, signaling persistent challenges.
Hong Kong police have arrested seven people, aged 20-39, in connection with the robbery of six gold bars worth HK$7 million (US$893,102). The victim was ambushed by three knife-wielding suspects at an airport car park after being hired to transport the gold from Indonesia. Some suspects are believed to have fled to mainland China.
Hong Kong police arrested seven people, aged 20-39, in connection with a robbery of six gold bars worth HK$7 million (US$893,102). The victim was hired to transport the gold from Indonesia to Hong Kong when he was ambushed by knife-wielding suspects.
Microsoft is selling OpenAI's advanced AI models to major Chinese tech firms like ByteDance, despite US warnings about China's AI capabilities. This business, growing rapidly in China, generates over $1 billion annually from customers like ByteDance, raising concerns about intellectual property theft and model distillation.
Elon Musk, the world's richest man, controls a sprawling network of businesses including SpaceX, Tesla, Neuralink, and The Boring Company. His ventures, often close to collapse, have disrupted industries and achieved massive valuations, with SpaceX recently having the largest IPO ever.
Electrification of global energy use, including EVs and heating, is highlighted as crucial for phasing out fossil fuels. Turkey's environment minister is pushing for a target of 35% electricity use by 2035 at the upcoming Cop31 summit. However, UN climate talks in Bonn faced significant challenges, with disputes over climate science and the 1.5C goal.
Electrification of vehicles, heating, cooling, and industry is proposed as a major step to replace fossil fuels and halve global energy demand. The strategy gained prominence at UN climate talks in Bonn, though negotiations were marred by disputes over climate science and the 1.5C goal.
Italian Foreign Minister Antonio Tajani canceled a trip to the US after Donald Trump made controversial remarks about PM Giorgia Meloni, calling her claims of seeking a photo 'fabricated' and questioning her support on Iran. The incident has strained relations between the former allies.
PM Narendra Modi transferred Rs 2,400 crore to beneficiaries under the Prime Minister Viksit Bharat Rozgar Yojana (PM-VBRY), aiming to create 15 lakh employment opportunities. He highlighted the role of trade agreements in opening new markets and emphasized quality in products and services for international competitiveness.
Palantir CEO Alex Karp expressed frustration with leading AI labs like OpenAI and Anthropic, accusing them of "tokenmaxxing" instead of focusing on business needs. He noted corporate clients are unhappy with the current AI development trajectory, emphasizing the need for practical deployment over raw model development.
Peter Schiff, critique du Bitcoin, a admis qu'il ne parierait pas sur la disparition de la cryptomonnaie, une première. Il maintient cependant que le Bitcoin sous-performera l'or, tandis qu'Anthony Pompliano défend la volatilité du BTC comme un atout.
Un homme soupçonné d'espionnage pour la Russie, un enfant tué dans les bombardements, et des drones ukrainiens frappant Moscou. La guerre en Ukraine continue de marquer les esprits.
